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2 years ago

True or false:

Business

1 answer:

Sedaia [141]2 years ago

5 0

Answer:

True

Explanation:

Monopolistic competition is a form of competition involving an industry in which products and services offered are similar but not perfect substitutes. This type of industry, is familiarized with customers in their everyday lives.

Monopolistic competition has characteristics between perfect competition and monopoly and firms involved have similar degrees of market power. Firms in this industry are also price makers as producers in this type of industry, have control over the pricing of their goods and services.

Demand is subject to changes in price, indicating that demand is highly elastic in monopolistic competition. Entry and exit barriers are low in a monopolistic competitive industry and decisions made by one firm, does not directly affect the decisions of its competitors.

Restaurants, hair salons, cleaning products are examples in this type of industry.

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Colleen Matthews had just turned 22 when her hard work finally started to pay off. Six months earlier Colleen graduated from a s

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Answer:

Prosecutors of this case can use the net worth method to determine the extent these executives have been receiving illegal incomes by computing their wealth at the beginning and at the end of the period under investigation.

There will be an increase in the executives wealth, and since this increase cannot be traced to any legal income source, it will become taxable income, with the calculated penalties and fines.

Explanation:

The net worth method specifies that any increase in wealth, which is not traced to non-taxable sources, should be determined as a taxable income for the period under review. Ordinarily, the net worth is the difference between assets and liabilities. Since the executives use the money personally at their convenience, this will increase their personal wealth.

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2 years ago

What is the relationship between financial system and economy

pentagon [3]

Answer:

Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.

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2 years ago

Read 2 more answers

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on whic

Orlov [11]

Answer:

9644

Explanation:

cost of paper on which a card is printed = $0.40 per card

cost of printing = $0.10 per card

profit made per card sold = $3.75

number of areas where customers are located (n)= 4

mean of customers from each region = 2300

standard deviation for each region = 200

note : each region is independent

The optimal production quantity for the card can be calculated going through these steps

first we determine

the cost of card = $0.10 + $0.40 = $0.50

selling value = $3.75

salvage value = 0

next we calculate for the z value

= ( selling value - cost of card) / ( selling price - salvage value )

= ( 3.75 - 0.50 ) / 3.75 = 0.8667

Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV ( 0.8667 )

next we calculate

u = n * mean demand

= 4 * 2300 = 9200

б = $200\sqrt{n}$ = 200 * 2

= 400

Hence optimal production quantity for the card

= u + Z (0.8667 ) * б

= 9200 + 1.110926 * 400

= 9644.3704

≈ 9644

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3 years ago

Magenta Company purchased a machine from Pink Corporation on October 31, 2018. In payment for the $288,000 purchase, Magenta iss

Blababa [14]

Answer:

$3,176 , it's two months of interests $1,588 + $1,588

Explanation:

If the company paid each month 1/12 of capital plus interest it means that it's necessary to deduct the total amount of interests paid each month.

The company paid $25,588 and the monthly capital it's $24,000, therefore the company paid on interest an amount of $1,588 each month.

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3 years ago

Dana is assigned to create a training program for newly hired mortgage loan officers. She has the ____ to complete this assignme

julsineya [31]

Dana is assigned to create a training program for newly hired mortgage loan officers. She has the "responsibility" to complete this assignment.

<h3>What is mortgage loan?</h3>

A mortgage loan is a secured loan that enables you to access money by giving the lender collateral in the form of an immovable asset, like a home or commercial property.

The main difference between the loan and mortgage loan is-

Any financial arrangement where one party receives a lump sum and agrees to repay the money is referred to as a "loan."
A mortgage is a specific kind of loan used to fund real estate. Although a specific kind of loan, not all loans are mortgages. Loans that are "secured" are mortgages.

To know more about the mortgage, here

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2 years ago