Answer:
The overview of the given scenario is described in the explanation segment below.
Explanation:
The monopoly seems to be the owner and manager of the sole business that operates on either the marketplace (Industry).
The monopolist becomes making an extraordinary income. Balance requirements become MC = MR, MC reductions MR from underneath the.
The breakeven point would be where the expense of Average is equivalent to the value (Average Revenue-AR)
Closing down portion would be when the company is unable to cover the AR Cost i.e.
⇒ AR < AVC.
The normal monopoly would be when it has a large competitive edge over all the future entrants as either a barrier to the entrance of just about any new company, which prohibits any new installment including its company into the sector. It may even be attributable to someone's power over manufactured goods or perhaps the possession of environmental assets.
The limits of monopoly power are given below:
- This power is limited to something like the possibility of competitors.
- If alternatives are present mostly on the market, it's been difficult to retain the monopoly.
- Law facilitates the possibility of monopoly power.
Answer:
a. Dr Sales $619,200
Cr Customer Refunds Payable $619,200
b. Dr Estimated Returns Inventory $400,000
Cr Cost of Merchandise Sold $400,000
Explanation:
a. Preparation of the journal entry to record Estimated customer refunds and allowances
Dr Sales $619,200
($51,600,000 × 1.2%)
Cr Customer Refunds Payable $619,200
(To record Estimated customer refunds and allowances )
b. Preparation of the journal entry to Estimated customer returns
Dr Estimated Returns Inventory $400,000
Cr Cost of Merchandise Sold $400,000
(To record Estimated customer returns)
When someone like Kelsie blames Steve for all her shortcomings at work even though he is the hardest working member on the team, it is an example of political workplace deviance. Therefore, the option B holds true.
<h3>What is the significance of workplace deviance?</h3>
Workplace deviance can be referred to or considered as the tendency of an employee or a member of an organization to intentionally cause a sense of harm to the regular functioning of the organization.
A political deviance is a type of workplace deviance wherein an employee in higher authority starts blaming others for slightest of irregularities in the team.
Therefore, the option B holds true and states regarding the significance of workplace deviance.
Learn more about workplace deviance here:
brainly.com/question/28538100
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The missing options to the question are added below for better reference.
A. group deviance
B. political deviance
C. personal aggression deviance
D. property deviance
The correct answer here would be a job specification.
...evaluated through organising questionnaires in the organization.
