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marin [14]
3 years ago
7

Competition is good for customers because it gives them more options.

Business
1 answer:
OverLord2011 [107]3 years ago
4 0

Answer:

The correct answer is A. It is true that competition is good for customers because it gives them more options.

Explanation:

In economics, competition refers to the pursuit of a goal by at least two economic subjects, with the higher degree of goal achievement of one actor causing a lower degree of goal achievement by the other.

Competition requires at least one actor with an inferior degree of target achievement and thus works against certain social principles such as equality, as it requires a privileged position of those who have achieved the higher degree of target achievement.

As for consumers, the bidding between companies through competition is beneficial. This is because, to capture the largest proportion of the market, companies make different offers, promotions and other proposals that imply benefits for consumers, who can choose the best proposal that best suits their economic possibilities and their tastes.

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Sumner sold equipment that it uses in its business for $30,800. Sumner bought the equipment a few years ago for $79,600.00 and h
topjm [15]

Answer: $9025 §1231 loss

Explanation:

From the question, we are informed that Sumner sold equipment that it uses in its business for $30,800 and that the equipment was bought a few years ago for $79,600.00 and has claimed $39,775 of depreciation expense.

Assuming this is Sumner's only disposition for the year, the amount and type or character of Sumner's gain or loss goes thus:

The book value of the equipment will be:

= $79600 - $39775

= $39825

Since the equipment is sold for $30,800, the loss will be:

= $39825 - $30800

= $9025

It should be noted that there will be no depreciation recapture because the asset is sold for a loss.

5 0
4 years ago
a. MF Corp. has an ROE of 16% and a plowback ratio of 50%. If the coming year's earnings are expected to be $2 per share, at wha
xz_007 [3.2K]

Answer:

Return on equity(r) = 0.16

Plowback ratio(b) = 50 = 0.5

Earnings per share(EPS) = $2

D1 = 50% x $2 = $1

Cost of equity(Ke) = 0.12

Growth rate(g) = b x r

                        = 0.5 x 0.16

                        = 0.08 = 8%

Current market price(Po) = D1/Po + g

                                         = $1/0.12 - 0.08

                                        = $25

Market price in 3 years = Po(1+g)n

= $25(1+0.08)3

= $25(1.08)3

= $31.49

Explanation:

In this case, we need to calculate growth rate by multiplying the plowback ratio by return on equity. Then, we will calculate the current market price as shown above. Thereafter, we will subject the current market price to a 3-year growth rate to calculate the market price in 3 year's time

7 0
3 years ago
On January 1, 20X1, Wade Crimbring, Inc., a dealer in used manufacturing equipment, sold a CNC milling machine to Fletcher Bros.
Usimov [2.4K]

Answer:

ummmmmm

Explanation:

ummmmmmjdhdhdhhdhrjrjrrj

5 0
3 years ago
The periodic expense created by allocating the cost of plant and equipment to the periods in which they are used, representing t
Alex787 [66]

Answer:

Option B Depreciation expense

Explanation:

The allocation of cost of the plant and equipment for the period being used is the concept of depreciation and is a period cost because when the asset is purchased its value decreases gradually with time which means some of the machinery value would be deminish during the year depending upon the technological factors, life of the equipment, etc. So the period cost will arise regardless of that we either use the asset or not which is the definition of period cost which in this case is depreciation cost and the allocation of cost of plant and equipment over its useful life is also depreciation cost.

8 0
3 years ago
EFT, Inc. wants to empower and engage its employees. They have several teams consisting of highly skilled employees and no one p
notsponge [240]

Answer: shared leadership

Explanation:

Shared leadership occurs when the employees in a company lead each in order to achieve a successful outcome.

In shared leadership, the team environment relies on a shared voice and purpose. In shared leadership, the human resources in the company are maximized by empowering the employee and then giving them an opportunity to take up leadership positions.

Shared leadership are most effective when organizations are utilizing teams to achieve organizational objectives.

5 0
3 years ago
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