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Leona [35]
3 years ago
11

Knowledge that gives a producer an economic advantage over other producers is called a _____.

Business
2 answers:
Firlakuza [10]3 years ago
8 0

Answer:

trade secret

Explanation:

PIT_PIT [208]3 years ago
6 0
Trade secret is the knowledge that gives a producer an economic advantage over the other producer.
Trade secret is a confidential file or information of a certain business that is not allowed to be divulged.
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Julie, being self-employed, is required to make estimated payments of her tax liability for the year. Her tax liability for 2018
igor_vitrenko [27]

Answer:

Underpayment of estimated tax = $2,960

Explanation:

Please consider the following equations:

100% of $15,960 = $15,960

90% of $18,000 = $16,200

whichever is lower. i.e $15,960

Underpayment of estimated tax = $15,960 - $13,000 = $2,960

8 0
3 years ago
Shmenson Company uses the periodic inventory system. Sales for 2020 were $470,000 while operating expenses were $175,000. Beginn
jeka94

Answer:

The net income  for 2020 was $90,000

Explanation:

Shmenson Company

Income Statement for the year ended 2020

Sales                                                                             $470,000

Less Cost of Sales

Beginning Inventories                           $70,000

Add Net purchases                              $180,000

Add Freight In                                         $15,000

Less Ending Inventories                      ($60,000)     ($205,000)

Gross Profit                                                                  $265,000

Less Expenses

Operating expenses                                                   ($175,000)

Net Income                                                                    $90,000

Conclusion

Thus, the net income  for 2020 was $90,000.

8 0
2 years ago
Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value beca
Alla [95]

Answer:

C. include a credit to the equipment accumulated depreciation account.

Explanation:

Since Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should include a credit to the equipment accumulated depreciation account.

In Accounting, Depreciation can be defined as the decrease in the value of an asset (factory equipment, logistics tools etc) as a result of wear or tear, within a specific period of time. Depreciation is used for the allocation of cost to tangible assets with respect to its life expentency or within its useful life.

7 0
2 years ago
When a market’s annual growth rate falls below 10 percent, a star will become a dog if it still has the largest market share?
mezya [45]
That statement is false

according to <span>IX Boston Consulting Group Model, a star will became a<em> cash cow</em> </span><span>if it still has the largest market share under this circumstances.
This means that the company still making enough cash for its employees and still enjoy a pretty high-profit margin.

</span>
3 0
3 years ago
Why doesn’t the fact that the "inflation solution" is only a temporary solution stop many developing countries from using it? In
Delvig [45]

Answer:

Government often feel that they must increase government expenditures or be voted out of office.

Central banks in developing countries often do not enjoy full independence, and are used by corrupt government to finance deficit spending.

Explanation:

Inflation is the decline in purchasing power of a currency. The increase in inflation lead to less spending. Government increase inflation to cease increased money flow in the country. The prices of goods and services are increase in the country when inflation increases.

6 0
2 years ago
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