De Beers is worried that people might resell their previously owned diamonds <u>because previously owned diamonds would be a close substitute to newly mined diamonds and therefore reduce De Beers' market power</u>.
<u>Explanation</u>:
A single company selling the unique product with no competition is known as monopoly. The company is sole seller of the product. The company is free of competition and decides the price of the product with full freedom.
De Beers Company is a monopoly company dealing with diamonds. They were monopoly for long time. In recent days they are facing increasing competition due to resale of diamonds by the previously owned customers. The company’s market power is reduced as the previously owned diamond is close to newly mined diamond.
There appear to be an influential observations in these data as the mean of the leverage value is 0.75.
<h3>How to calculate the mean?</h3>
From the data points given, the influential observation is observation 8. Here, the mean of the leverage value will be:
= 3 × 0.25 = 0.75
Also, the scatter diagram indicates influential observations as it's extreme to the x values.
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Answer: $125,000
Explanation: In simple words, owner's equity refers to the funds that are contributed by the owners of the capital for effectively conduction the operations of the business.
Any profit that the organisation made during a year is treated as a return to the capital and is added to the initial capital while drawing from the capital results in decrease in the available fund for operations.
Hence the year end balance of the capital in given case is, $1000,000 + $50,000 - $25,000 = $ 125,000
Consider your objective generate more leads, demonstrate thought leadership, increase online visibility, close a sale, create brand awareness and provide customer education. know your budget and what you can spend and what you can't spend understand your customer
Work performance information and cost forecasts are the main outputs of cost control.
<h3 /><h3>What is cost control?</h3>
It is the set of practices that assist in the control and organization of financial resources, in order to establish a budget that is a useful tool for greater understanding of income and expenses and greater coordination of the correct allocation of finances to fulfill your needs and for the achievement of objectives and goals.
In a company, cost control will help in effective positioning in the short and long term, helping to correctly understand the company's financial situation in a period, in addition to helping in the forecast of costs, expectations and planning as a whole.
Therefore, cost control is a set of tools that assists in the budget control of a company or an individual, being positive for the best organization of finances.
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