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3 years ago

Question #1

Business

1 answer:

Allisa [31]3 years ago

5 0

Answer:

Oligopoly.

Explanation:

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

1. Mutual interdependence between the firms.

2. Market control by many small firms.

3. Difficult entry to new firms.

According to the concentration ratio, when a small number of companies control more than 40 percent of a market, it is called an oligopoly.

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A company has the following per unit recorded cost and replacement cost relating to its inventory:Item 1 5 units Cost $50 Market

Kryger [21]

The reported value of this company's ending inventory if LCM is applied to individual items is $870.

<h3>What is reported value?</h3>

The value of any assets or liabilities or any such credentials, which is recorded in the books of official record for the purpose of accounting as per the standards, is known as the reported value.

The computation of the reported value in the given condition will be,

Item 1 – 5 Units x $45= $225;
Item 2 – 7 units x $60= $420;
Item 3 – 9 Units x $25= $225.

The summation of all the reported values will be,

$(225+420+225)= $870.

Hence, the reported value of the inventory of the company is as aforementioned.

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3 0

2 years ago

Eaton Co. sells major household appliance service contracts for cash. The service contracts are for a one-year, two-year, or thr

natita [175]

Answer:

The correct answer is b. $1,300,000

Explanation:

The computation of unearned service revenue is shown below:

= Outstanding service contracts for 2011 + Outstanding service contracts for 2012 + Outstanding service contracts for 2013

= $380,000 + $570,000 + $350,000

= $1,300,000

The other amounts are not considered in the computation part. So, it is ignored.

Thus, the $1,300,000 is the amount which should be reported as Unearned Service Revenues in Eaton's December 31, 2010 balance sheet.

Hence, the correct answer is b. $1,300,000

3 0

3 years ago

47:49

rusak2 [61]

The correct answer is

8 0

3 years ago

Which of the following is true of an unsecured loan?

Ilya [14]

The statement "The value of an item where the borrowers owned but they are not at the repossession risk" is to be true.

The unsecured loan is the type of loan in which there is no need for any type of collateral property.

The lender does not takes the assets of the borrower as the security but it gives the approval of an unsecured loan depends upon the creditworthiness of the borrower.

Examples are:

Personal loans.
Students loans.
Credit cards.

The following information related to unsecured loans is

It does not for cars, houses, or any other large purchases
In this, the collateral does not involve.
It contains high interest.

Therefore we can conclude that, option d is correct.

Learn more about the unsecured loan here: brainly.com/question/8347317

7 0

2 years ago

Read 2 more answers

What is the speed of a wave if the wavelength is 100 m and the frequency is 20 Hz?

zmey [24]

The anwser 1,000m/s. Good Luck.

6 0

3 years ago