Answer:
Letter c is correct. <em><u>Higher than the total output that would be produced if the market were a monopoly but lower than the total output that would be produced if the market were perfectly competitive.</u></em>
Explanation:
An oligopoly is a market situation that occurs when there are a small number of companies that dominate the supply of a particular product or service in a sector of the economy. It can occur naturally or structurally, and the purpose of this market configuration is to have greater competition and price control, so that there is greater profitability.
This scenario is characterized by imperfect competition, which is similar to the monopoly market, but in oligopoly production is higher than in monopoly, because there is more than one supplier of the same product. And production in an oligopoly is lower than in a perfectly competitive scenario where there are many suppliers and none have the ability to affect market price.
Answer:
<em>A. True</em>
Explanation:
<em>A transaction may be an exchange of assets or services by one business for assets, services, or promises to pay from a different business.</em>
<em>(1) </em><u><em>Exchange of assets or services by one business for assets, services from a different business</em></u>
The exchange of goods or services only by two different businesses qualifies as a <em>barter transaction</em>. It doesn't include payment for the goods and services purchased in the form of money but includes payment only in the form of goods and services from the other business for the goods purchased by it.
<em>(2) </em><em><u>Exchange of assets or services by one business for promises to pay from a different business</u></em>
This type of transaction is a common transaction involving the purchase of goods and services by one business ( the buyer) from another and thereby making payment to the business from whom it has purchased goods and services (the seller).
The payment can be made immediately or in the future at a specified date mutually agreed upon by both the business parties.
Answer:
Predetermined manufacturing overhead rate= $2.15 per direct labor hour
Explanation:
Giving the following information:
It takes 80,900 direct labor hours to manufacture the X-1 and 93,500 direct labor hours to manufacture the X-2 Line.
Total overhead= 225,000 + 149,960= $374,960
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 374,960 / (80,900 + 93,500)
Predetermined manufacturing overhead rate= $2.15 per direct labor hour
Answer: Option B
Explanation: In simple words, inadequate disclosures refers to the situation when a company fails to make accurate or enough discloses in a statement as required by various laws and regulations.
The disclosure can be done through any medium such as media or in the yearly statement but if it does not contain proper information that it will be considered as an offence and suitable actions could be taken.
SEC reviews the information and have the authority of regulatory disclosure for the ADV.
<h3>What is SEC and how it works?</h3>
SEC is a Securities and Exchange Commission in United States who regulates the nation's securities industries.
The basic functions of the SEC is to protect the investors, capital formation and maintain the fairness in the market.
SEC is the governing body which has the authority in the case of ADV form.
Learn more about the ADV form here:-
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