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4 years ago

Economics: A group of competitors who work in unison to control the supply and price of their product is called a

Business

1 answer:

7nadin3 [17]4 years ago

6 0

Answer:

cartel

Explanation:

A "cartel" is a group of competitors or market participants who are independent from each other. They work in unison by cooperating secretly in an unlawful way so they can control the supply and price of their products. In this way, they can dominate the market.

Such type of alliance with rivals have existed since the ancient times. It increased following World War I, but started declining after World War II.

So, this explains the answer.

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Exercise 13-07 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in mill

spin [16.1K]

Answer:

See below

Explanation:

Data given

Cash and cash equivalents $760 $77

Accounts receivables net $2,080 $1,890

Inventory $830 $810

Other current assets $440 $433

Total current assets $4,110 $3,210

Total current liabilities $2,100 $1,590

Net credit sales $8,258

Cost of goods sold $5,328

1. Current ratio = Current assets/Current liabilities

= 4,110/2,100

= 1.96

2. Accounts receivable turnover = Credit sales/Average accounts receivables

= 8,258÷ [(2,080+1,890)/2]

= 8,258 ÷ 1,985

= 4.16 times

3. Average collection period = Average accounts receivables/Credit sales × 365 days

= (1,985/8,258) × 365

= 87.7 days

4. Inventory turnover = Cost of goods sold/Average inventory

= 5,328/[830 + 810)/2]

= 5,328/820

= 6.5 times

5. Days in inventory = Average inventory/Cost of goods sold × 365

= (820/5,328) × 365

= 56.2 days

3 0

3 years ago

Vertical integration is defined as one company controlling every phase of the business from raw materials to transportation, man

kicyunya [14]

Answer:

a) true

Explanation:

There are basically two types of integration which are categorized below:

1. Horizontal integration

2. Vertical integration

In horizontal integration, the company acquired another company that is doing the same type of business whereas, in the vertical integration, the company acquires another company supply chain i.e from raw material, manufacturing, distribution, retail and after-sale services.

5 0

3 years ago

The balance sheet for Sandhill Co. reports the following information on July 1, 2022. SANDHILL CO. Balance Sheet (partial) Long-

Elena-2011 [213]

Answer:

Dr Bond Payable 2,100,000

Dr Loss on bond redemption 152,250

Cr Discount on bond 47,250

Cr Cash 2,205,000

(to record the redemption on bond as at Jul 1st 2022 at 105%)

Explanation:

As Bond redemption takes place, the Bond payable account ( which has the Credit side) and Discount on bonds payable ( which has the Debit side) should be fully lifted out of the Balance Sheet. Thus, we Debit Bond redemption by the recorded amount of $2,100,000 and Credit Discount on bonds at the recorded amount of $47,250.

The Cash paid out for bond redemption is 2,100,000 x 105% = $2,205,000 which is credited as cash decreases.

The difference between Debit and Credit side of the 03 entries described above ( 2,205,000 - 2,100,000 - 47,250 = 152,250) will be recorded as Debit to Loss on bond redemption account.

8 0

3 years ago

$400,000 capital investment proposal has an estimated life of 4 years and no residual value. The estimated net cash flows are as

Brilliant_brown [7]

Answer:

Net present value = $13,110

Explanation:

The computation of the net present value is shown below:

Years Cash flows Present value factor Present value

0 -$400,000 1 -$400,000 (A)

1 $200,000 0.893 $178,600

2 $150,000 0.797 $119,550

3 $90,000 0.712 $64,080

4 $80,000 0.636 $50,880

Net present value $13,110 (B - A)

6 0

4 years ago

Th process of gaining the resources and skill needed in managing consumer resources is known as

storchak [24]

Answer:

A.) Consumer Education

Explanation:

CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction.

Simply stated, it's a strategic process which typically involves collecting customer information for the purpose of improving a customer's future experience.

Therefore, this employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

In this context, consumer education is a strategic process which typically involves gaining the necessary resources and skills required to manage consumer resources in order to continue to provide satisfactory services to them.

5 0

3 years ago

Read 2 more answers