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Natali5045456 [20]
3 years ago
8

Which of the following is not an example of a legal barrier to entry? Group of answer choices a public franchise economies of sc

ale a government license a patent
Business
1 answer:
LuckyWell [14K]3 years ago
3 0

Answer:

The answer is economies of scale .

Explanation:

Government license, patents and public franchise are all forms of legal barriers that prevents new entrants from copying, imitating or entering the market. However, economies of scales are a economic barrier that arises due to the scale of operations of a firm and is not a legal barrier.

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Explain why the sampling method stated in (1) is the most efficient<br> method.
Natali5045456 [20]

Answer:

As with all probability sampling methods, simple random sampling allows the sampling error to be calculated and reduces selection bias. A specific advantage is that it is the most straightforward method of probability sampling.

7 0
2 years ago
The Mayo Clinic in Minnesota is known for top-quality medical care. For decades, even presidents and dictators from around the w
ser-zykov [4K]

Answer:

match its core competencies

Explanation:

The core competency of Mayo clinic is top-quality medical care. They have become so good at this core competency that they are globally sought after by even by presidents and dictators.

Their reputation developed by this core competency made them to also open new locations to meet customer needs.

6 0
3 years ago
The Maroon &amp; Orange Gym, Inc., uses the accrual method of accounting. The corporation sells memberships that entitle the mem
SashulF [63]

Answer:

c. $180 in 2019

Explanation:

The company uses the accrual method of accounting. Under the method, revenues are reported on the income statement when they are earned, regardless of when the money is actually received or paid.

On July 1, 2017, the company sold a one-year membership and a two-year membership. In 2017, The Maroon & Orange Gym, Inc. has provided service for 6 months of each contracts.

Gross income of one-year membership in 2017 = $40 x 6 = $240

Gross income of one-year membership in 2017 = $30 x 6 = $180

Total income = $240 + $180 = $420

In 2018, the company continued to provide service for 6 months remaining of one-year membership and 12 months remaining of two-year membership.

Gross income of one-year membership in 2018 = $40 x 6 = $240

Gross income of one-year membership in 2018 = $30 x 12= $360

Total income = $240 + $360 = $600

In 2019, the company completed providing service for 6 months remaining of two-year membership.

Gross income in 2019 = $30 x 6= $180

4 0
2 years ago
Prepare adjusting journal entries, as needed, for the following items.
podryga [215]

Answer:

Explanation:

Journal Entry is the way to record transactions, i.e business transactions into the record of account which is called Journal Book. It involves the identification of those account present in the transaction,know the type of account, then with accounting rule, record the transaction.

CHECK THE ATTACHMENT FOR THE PREPARED JOURNAL

6 0
3 years ago
What is breach of contract?
Gwar [14]

Answer:

an act of breaking the terms set out in a contract.

7 0
3 years ago
Read 2 more answers
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