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Agata [3.3K]
3 years ago
15

As a New York businessperson who does a lot of flying, you are keenly aware of even small changes in airfare from New York to Ch

icago. You have flown this route long enough to know that each airline is essentially a perfect substitute for the others. You notice that every time the largest airline changes the price, smaller airlines follow, but the smaller airlines are always priced slightly below the fare of the largest airline. This industry could best be described as one with:
Business
1 answer:
Lelechka [254]3 years ago
7 0

Answer:

Price leadership.

Explanation:

Based on the information provided within the question it can be said that this industry could best be described as one with Price leadership. This refers to an industry in which the dominant company sets the prices in that market and the other companies in that market follow the price that has already been set. Which is exactly the case in this scenario as the other smaller companies adjust their prices according to the price set by the largest airline.

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Banks pay interest to customers through a
nexus9112 [7]

Answer:

mortgage account

For me:

I like that among us account perfect

3 0
2 years ago
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In companies that do not have "no lay-off" policies, the total direct labor cost for a budget period is computed by multiplying
kari74 [83]

Answer:

a. True

Explanation:

The formula to compute the total direct labor budget for the budget time period is shown below;

Total direct labor budget = Total direct labor hours required × direct labor wage rate

Through multiplying the direct labor hours required with the direct labor wage rate we can get the total direct labor budget and the same is to be considered

Hence, the correct option is a. True

4 0
3 years ago
Sandra is a production manager at a soda manufacturing and bottling plant. One of her duties is to create a monthly inventory re
GaryK [48]

Answer:

Accuracy

Explanation:

Sandra as a production manager is responsible to make a list of material received from the supplier. For an accurate list, it is important that the supplier must provide her with the detail of every inventory they provided along with the recipes.  In the previews month, the supplier provided an erroneous list which leaked detail and in this case, her report cannot be considered authenticate or reliable because it lacked accuracy.

4 0
3 years ago
In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and depreciation expense of $178,000.
Firdavs [7]

Answer:

3.5

Explanation:

Computation for the firm’s times interest earned ratio

Revenues$ 2.95 million

Cost of goods sold$ 2.45 million

Depreciation expense$ 178,000.00

Book values of Debt outstanding$ 1.15 million

Interest rate8.00

First step is to calculate for the EBIT

Using this formula

EBIT= Revenues -(Cost of goods sold +Depreciation expense$ 178,000.00)

EBIT=$2,950,000-($2,450,000+$178,000)

EBIT=$2,950,000- $2,628,000

EBIT=$322,000

Second step is to find the Interest

Using this formula

Interest =Debt outstanding with book value ×Interest rate

Let plug in the formula

Interest =$1,150,000×8%

Interest =$92,000

Now let find the firm’s times interest earned ratio

Using this formula

Firm’s times interest earned ratio=EBIT/INTEREST

Where,

EBIT=$322,000

INTEREST=$92,000

Let plug in the formula

Firm’s times interest earned ratio=$322,000/$92,000

Firm’s times interest earned ratio =3.5

Therefore the firm’s times interest earned ratio will be 3.5

7 0
3 years ago
Identify the correctly written compound sentences. check all that apply. success in the global market requires at least a basic
kupik [55]

Answer:

2 and 4

Explanation:

7 0
3 years ago
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