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3 years ago

In capitalism, what does competition do for consumers?

Business

2 answers:

max2010maxim [7]3 years ago

8 0

It keeps prices fair for consumers who are trying to buy there products.

- R3KTFORGOOD ☕

asambeis [7]3 years ago

7 0

Competition of different companies gives consumers a wider variety of products to choose from when buying. For example, if a rival company of a lawnmower company joins in, they would be contesting for consumers who are trying to buy a new lawnmower. This may lead to the companies trying to compete by offering different services, warranty, lower prices, etc.

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The Crunchy Potato Chip Company sells chips in boxes with a net weight of 846 grams per box . Each box contains ten individual 3

Alinara [238K]

Answer:

0.8

Explanation:

Given:

Number of chips contained in each box = 10

Weight of each packet of chips = 3 ounce

Average weight per box = 853 grams

Upper specification limit of the weight = 846 + 12 grams = 858 grams

Lower specification limit of the weight = 846 - 12 grams = 834 grams

Standard deviation, σ = 5 grams

Now,

Capability index = $\frac{\textup{Upper limit - Lower limit}}{6\sigma}$

Capability index = $\frac{858 - 834}{6\times5}$

Capability index = 0.8

7 0

3 years ago

Explain . does consumption being contentment?

Vlad1618 [11]

Answer: No.

Explanation: Consumption is not contentment because one can consume something without been satisfied of that either because it wasn't what was expected as in the taste.

8 0

3 years ago

Quotient Financial Corporation is a secured party with a security interest in property owned by Retail Sales Company. Perfection

maksim [4K]

Quotient Financial Corporation is a secured party with a security interest in property owned by Retail Sales Company. Perfection of this security interest may not protect Quotient Financial against the claim of <u>a trustee in bankruptcy.</u>

Explanation:

A security interest on a loan refers to a legal claim on collateral provided by the borrower ,it allows the lender to repossess the collateral and sell it if the loan goes default

A security interest reduces the risk for a lender, allowing it to charge lower interest on the loan. Lower interest means that the borrower’s cost of capital will also be reduced.

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3 years ago

________________ focuses on explaining the differences between planned and actual contribution margins. a.Contribution margin an

Usimov [2.4K]

Answer: A.) Contribution Margin analysis

Explanation: The contribution margin analysis could be explained as an analytical tool in accounting which helps managers in observing variation or differences in the budgeted and actual contribution margin of a product. The contribution margin is used to determine the revenue made on a product after deducting the fixed cost incurred in it's production. It is also used to evaluate the performance of individual product derived from the amount of residual profit after deducting necessary production cost.

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2 years ago

On December 31, the end of the accounting period, $10,600 in service fees had been earned but not billed or received. The Watson

just olya [345]

Answer:

The question is without a requirement,find below complete question

On December 31, the end of the accounting period, $10,600 in service fees had been earned but not billed or received. The Watson Company uses the account Fees Receivable to reflect amounts due but not yet billed.

The proper adjusting entry would be:

The correct adjusting entry to reflect the transaction in the account is a s follows:

Dr Account fees receivable $10,6000

Cr Fees income account $10,600

Explanation:

According to international accounting best practice such as U.S GAAP and International Financial Reporting Standards, revenue is recognized when it is earned not when cash has been received.

As a result, since the $10,600 is already earned, it should be recognized in revenue by a way of adjusting entry, with a credit posted to fees income to show increase in revenue and debit in account fees income to show an increase customers' indebtedness to Watson company.

It must be reflected in the two accounts owing to duality concept of accounting

8 0

3 years ago