Answer: misconception
Explanation:
A misconception is simply a misunderstanding, a mistaken thought or idea. Misconception is an opinion or a view by s person which is incorrect based on the faulty thinking of the person.
For example, Jane will finish high school the following year and therefore, won't need to further her education. This is an example of misconception.
Answer:
An oligopoly market structure is very usual in the context of Australian. Maximum service industry like banking, retail etc. follow the market structure of the oligopoly. The grocery retail sector in Australia is a core example of the duopoly, a narrowed version of oligopoly (Chung, 2015). Moreover, the banking sector of Australia is a proper example of an oligopoly. The main feature that the oligopoly market structure follows is, in this type of market few firm operate as a sole authority in a market (LaFrenz, 2014). In the case of monopoly, there is only one seller who rules the whole market and business as well. The monopolistic competition involves firm competing strongly among them in an industry. They do not allow any other organisation to enter the market. The Australian Post is a major example of monopoly market structure. Banking and Retail sectors are the key examples of monopoly market structure (Welch & Welch, 2009).
Apart from the banking industry, the retail industry in Australia faces very strong competition. The giant monopolistic retail companies named Coles and Woolworths have grabbed maximum market share in the industry. It is being very difficult for all other small and big organisation to sustain in the market. It is surveyed that, the banking industry of Australia is facing strong competition or oligopolistic war. Smith (2015), has informed that the existent incumbents in the banking industry are strictly prohibiting the other new entrants for the sector (Smith, 2015).
Explanation:
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Answer:
The simplest filing form used by the IRS is Form 1040EZ
Explanation:
If a person earns less than $100,000 a year (Robert only earns $12,523), and doesn't have any dependents (Robert is single and apparently has no kids), he/she can file taxes using the Form 1040EZ. Only wages, salaries, tips, taxable interest of $1,500 or less, unemployment compensation and Alaska permanent fund dividends can be included in Form 1040EZ (Robert surely applies), other types of income must be filed using other forms.
Answer:
Unadjusted Trial Balance of Smart Touch Learning is presented below in explanation section with a total of $66,000 in Debit and Credit Side.
Solution in Excel is also attached for your reference
Explanation:
Smart Touch Learning
Un-adjusted Trial Balance for the year ended 31 December, 2016
Account Debit Credit
<u>Assets</u>
Furniture (Debit) $12,400
Accounts Receivable (Debit) $600
Cash (Debit) $43,410
Prepaid Insurance (Debit) $1,900
<u>Liabilities</u>
Unearned Revenue (Credit) $3,700
<u>Common Stock</u>
Common Stock (Credit) $39,100
<u>Dividends</u>
Dividends (Debit) $3,600
<u>Revenues</u>
Service Revenue (Credit) $23,200
<u>Expenses</u>
Office Supplies (Debit) $510
Rent Expense (Debit) $1,200
Salaries Expense (Debit) $2,000
Utilities Expense (Debit) $380
Total $66,000 $66,000
