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3 years ago

Why do monopolies and oligopolies benefit producers over consumers?

1 answer:

6 0

Monopoly is a type of competition where only one manufacturer is entitled to sell a particular product. Oligopolies permit a few producers but not to the extent of having too many to be key players in selling the same item. These kinds of competitition benefit the produces over consumers because D. Few producers can generally control prices.

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The following information is available for Blossom Company:

Aleonysh [2.5K]

Answer:

Total Assets = $124,510

Total Liabilities = $38,320

Total Stockholders' equity = $86,190

Explanation:

Blossom Company

Balance sheet

As at December 31, 2022

Assets

Current assets

Cash $6,390

Accounts receivable 2,100

Supplies 3,800

Inventory 2,920

Total current asset $15,210

Non-current asset

Equipment (net) 109,300

Total assets 124,510

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable $4,500

Interest payable 670

Unearned service revenue 820

Salaries and wages payable 830

Total current liabilities $6,820

Long-term liabilities

Notes payable 31,500

Total liabilities $38,320

Stockholders' equity

Common stock 58,900

Retained earnings (Balancing amount) 27,290

Total stockholders' equity $86190

Total liabilities and stockholders' equity $124,510

8 0

3 years ago

On January 2, Haskins Company purchases a laser cutting machine for use in fabrication of a part for one of its key products. Th

MakcuM [25]

Answer:

Explanation:

Cost of machine - $80000

Useful life - 5 years

Salvage value -$5000

Depreciable amount = 80000-5000= 75000

Annual depreciation = 75000/5 = 15000

Year DR Accum Dep

Cost 8000

1 Depreciation 15000 15000

2 Depreciation 15000 30000

Year 3 Depreciation 15000 45000

Year 4 Depreciation 15000 60000

Year 5 Depreciation 15000 75000

Financial statement template

Balanced sheet

Cash asset + Non cash asset = liabilities + Equity

Cash asset + 65000 = liabilities + equity

Income statement

Revenue - expenses = Net income

Revenue - 15000 - Net Income

3 0

3 years ago

While Minimotors has focused on improving production efficiencies, global customers are inquiring about its environmental polici

8_murik_8 [283]

Answer:

The correct answer is letter "B": ISO 14000.

Explanation:

ISO (International Organization for Standardization) 14000 refers to a series of norms in regards to environmental systems management that are related to protection, prevention, pollution, and socio-economic needs. ISO 14000 attempts ton find a balance between economic savings and the decrease of environmental damage.

Institutions ISO 14000 certified have proven to handle businesses keeping a strong environmental policy. In such a scenario, the engineers investigating Minimotors should review the criteria evaluated at the moment of providing that company the ISO 14000 certification and if they have been following it.

7 0

3 years ago

Deere company holds a $10,000 note receivable dated july 1, 2015, with 10% interest. what adjusting entry is needed on decemb

Ket [755]

b. debit interest receivable for $500 and credit interest revenue for $500

7 0

3 years ago

An amendment to the texas constitution requires a balanced budget. This means that _____.

marissa [1.9K]

Any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

<h3>What does Texas Constitution require a balanced budget?</h3>

Texas always keeps its budget balanced because the State Constitution demands it. The Texas state and local sales taxes exceed 10% of the individual transaction price. The primary operating fund for Texas is the General Revenue Dedicated Fund.
A constitutional amendment known as the "balanced budget amendment" would restrict government spending to the amount of revenue it receives. Spending would need to be under control by the federal government.

An amendment to the texas constitution requires a balanced budget. This means that any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

According to a balanced budget, a government should not spend more than its income. Thus projected incomes and expenditures should be equal.

To learn more about balanced constitutional budget amendment, refer to:

brainly.com/question/8873582

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4 0

2 years ago