Like Michael Jackson once said. Look at the man in the mirror and make a change. and then help others to address their problems
Answer:
B) False
Explanation:
That would be a monopoly (only one supplier).
An oligopoly is a market where there are very few suppliers, and competition is very limited since the barriers to entry are very significant.
For example, the automobile industry is an oligopoly. There are only a few car manufacturers in the world, and they all are very large corporations. It costs hundreds of millions of dollars to introduce a new car model, and every time that happens, the corporations must carry on expensive advertising and promotional campaigns.
Answer:
Please see the attached snapshots for the answers.
Explanation:
a.
Debit: Cash $30,000
Credit: Service Revenue $30,000
To record Service Revenue.
b.
Debit: Supplies $20,000
Credit: Accounts Payable $20,000
To record purchase of supplies on account.
c.
Debit: Salaries Expense $7,000
Credit: Cash $7,000
To record salaries Expense.
The time required to get a total amount of $3,300.00 with compounded interest on a principal of $1,650.00 at an interest rate of 6.2% per year and compounded 12 times per year is 11.209 years. hence the answer is
A. 2001
<h3>Compound Interest Calculation</h3>
(about 11 years 3 months)
First, convert R as a percent to r as a decimal
r = R/100
r = 6.2/100
r = 0.062 per year,
Then, solve the equation for t
t = ln(A/P) / n[ln(1 + r/n)]
t = ln(3,300.00/1,650.00) / ( 12 × [ln(1 + 0.062/12)] )
t = ln(3,300.00/1,650.00) / ( 12 × [ln(1 + 0.0051666666666667)] )
t = 11.209 years
Learn more about Compound Interest here:
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