Answer:
Monopoly
Explanation:
Citrus county concrete company is the only supplier of mixed concrete to customers within a thirty-mile radius.
"A monopoly exists when a specific person or enterprise is the only supplier of a particular good. As a result, monopolies are characterized by a lack of competition within the market producing a good or service."
"A monopolistic competitive industry has the following features:
Many firms.
Freedom of entry and exit.
Firms produce differentiated products.
Firms have price inelastic demand; they are price makers because the good is highly differentiated
Firms make normal profits in the long run but could make supernormal profits in the short term
Firms are allocatively and productively inefficient."
References:
Boundless. “Boundless Economics.” Lumen, 2019
Pettinger, Tejvan. “Monopolistic Competition – Definition, Diagram and Examples.” Economics Help, 27 Feb. 2018
Answer: $29; $2.50
Explanation:
The maximum per share loss to the writer of an uncovered put; that is price of put is zero on expiration
Strike price = $31, at $2 per share
Therefore, maximum per share loss ;
($31 - 0) - $2 =
Maximum per share gain to the writer of an uncovered put occurs when the stock price falls below $31 on expiration.
Maximum per share gain equals $2.50
Answer:
a. 3
Explanation:
Bank Reconciliation: The Bank reconciliation works with the balance of the bank statement and the balance of the cash statement. The aim is to compare those two statements to allow the company to run smoothly.
There are different transactions because of which the balance of the bank statement and the balance of the cash statement do not match. We adjust the transactions accordingly to match those statements.
Based on the cash balance, there would be three adjusting entries which are given below:
a. Bank service charges
b. Notes collected
c. Interest earned
These adjusting entries are required so that the cash balance should balance with the valid cash balance.
Answer:
Negative cash balance of $210,000.
Explanation:
Given that,
cost of equipment = $200,000
Inventory purchased = $12,500
Cash balance = $2,000
Accounts payable = $4,500
Net cash flow at time zero:
= (cost of equipment) + (Increase in working capital)
= ($200,000) + (Inventory purchased + cash balance - Accounts payable)
= ($200,000) + ($12,500 + $2,000 - $4,500)
= ($200,000) + ($10,000)
= ($210,000)
Note: Negative values are in the parenthesis.
A.) Consumer demand for a certain car is greater than the number of cars that can be produced.