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3 years ago

Please HURRY !!!

Business

1 answer:

mafiozo [28]3 years ago

5 0

Answer:

See below

Explanation:

1. Cell phone services are an example of oligopoly.

Under oligopoly, a few firms dominate the industry. The cell phone industry is big in volume and value in the US. Despite its size, the cell phone service industry has few providers. Only a handful of names are well-known including, T-mobile, Verizon, AT&T, and Sprint. The firms complete in a collaborative way. New entrants require massive capital investments.

2. Capitalism- allows buyers and sellers to make decisions

Capitalism is an economic system where the governments' role in trade is limited. In Capitalism, people and businesses make most of the economic decisions. Private individuals and companies own the factors of production. Profits motive is a key factor in entrepreneurship. Capitalists focus on wealth creation.

3. Monopolistic Competition

A monopolistic competition market structure combines features of a competitive and monopolistic market. The elements of monopolistic competition include.

Freedom of entry and exit
Many buyer and sellers
Firm offer differentiated products

Unlike in perfect competition, monopolistic competition has different goods and services.

4. Economics

Economics is the analysis of how society allocates its scarce resources to produce valuable goods and services. Economics also studies the distribution of these products to members of the community. Economics recognizes the scarcity of resources. It advocates for the efficient use of scarce resources to meet the demands of different people.

5. Michigan Cherry Production Increase 47%

Like other agricultural products, cherry prices are influenced by the quantity supplied. Prices remain stable when supply and demand are relatively constant.

Should Cherry production in Michigan go up by 47 percent, there will be an oversupply in the market. Few buyers will be competing for very many goods, which will result in a price decline.

6. Free Enterprise market

A Free enterprise market is an economic model where buyers and sellers have the freedom to spend money as they wish. In this model, the government minimally restricts trade. In the US, the government is mainly a regulator. In free-market enterprise, there is competition amongst producers, the Right to own property or the factors of production, and a profit motive. There is freedom in the choice of business, products, and services. These elements are prevalent in the US economy.

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When an investor's accounting period ends on a date that does not coincide with an interest receipt date for bonds held as an in

Serhud [2]

Answer:

make an adjusting entry to debit Interest Receivable and to credit Interest Revenue for the amount of interest accrued since the last interest receipt date.

Explanation:

Adjusting entries are used at the end of an accounting period to assign income and expenses that has accrued.

In this instance when the interest reciept day comes after accounting period we need to recognise the amount of interest earned so far.

The amount accrued since last interest payment date is calculated.

This amount has been earned so it should be recognised as revenue. To do this we debit interest receivable and credit interest revenue.

5 0

3 years ago

Two primary causes of computer-related health problems are a poorly designed work environment and failure to take regular breaks

nikdorinn [45]

Answer:

The correct answer is: True.

Explanation:

Overexposure to computers can lead to eye fatigue or some other more serious diseases caused because of a sedentary lifestyle. People whose work relies on working in front of the computer tend to break normal habits such as having their meals after reasonable timeframes. Most of the time they eat while working in front of the computer which causes overweight and combined with the lack of exercise leads to potential heart diseases.

6 0

3 years ago

People have unlimited desires but limited resources. Economics tries to understand how we make decisions in such a world of ____

Afina-wow [57]

Answer:

Scarcity, is the right answer.

Explanation:

Scarcity is the answer because economics refers to decision making when there is scarcity. Since we know that human wants are unlimited but the resources are limited. Thus, the scarcity of resources gives birth to the problem of choice. Basically, economics studies the social human behavior in relation to resource allocation. Therefore, economics is all about that is generated to understand the allocation or decisions in the case of scarce resources.

8 0

3 years ago

Naylor Company had $210,000 of net income in 2013 when the selling price per unit was $150, the variable costs per unit were $90

Mashutka [201]

Answer:

Results are below.

Explanation:

First, we need to calculate the number of units sold in 2013:

Units sold= (net income + fixed costs) / unitary contribution margin

Units sold= (210,000 + 570,000) / (150 - 90)

Units sold= 13,000

Now, to calculate the number of units to reach $262,000 in profit, we need to use the following formula:

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (570,000 + 262,000) / 60

Break-even point in units= 13,866.67 = 13,867

Easier:

Number of units= increase in profit / unitary contribution margin

Number of units= 866.67 = 867 increase

If the company sold the same number of units, net income would be the same. Nothing has changed.

3 0

3 years ago

Sathre Corporation is an oil well service company that measures its output by the number of wells serviced. The company has prov

Andre45 [30]

Answer:

The "Employee salaries and wages" in the flexible budget for December is $85,200

Explanation:

To compute the employee salaries and wages in the flexible budget we have to use the formula which is given below:

= (Fixed element of employee salaries and wages) + (variable element of employee salaries and wages × number of wells service during the year)

= ($56,400) + ($900 × 32 wells)

= $56,400 + $28,800

= $85,200

Other information which is given in the question is irrelevant, thus it is not considered in the computation part.

Hence, The "Employee salaries and wages" in the flexible budget for December is $85,200

6 0

3 years ago