Answer: E.When there are so many industry rivals that the impact of any one company's actions is spread thinly across all industry members
Explanation:
The more the number of players in an industry the more it gets congested and especially for the competing sellers. The decision for increasing or reducing price is met by follower firms to do the same thing. It gets less competitive because you know all the players in the industry would be following the same practices and doing the same thing.
Answer:
Ratio will be 0.92
So option (A) will be the correct option
Explanation:
We have given net cash flow from operating activities = $37570
So net operating cash flow = $37570
Current liabilities at the bugging of the year = $38400
Current liabilities at the end of the year = $43200
So average current liabilities 
We have to find the ratio of operating cash flow to current liabilities
So ratio will be 
So option (A) will be the correct option
It is true that because of the substitution problem, the CPI tends to overstate the true change in the price of the typical basket of consumer goods.
<h3>What is CPI?</h3>
- A consumer price index measures a market basket of goods and services that households have purchased at a weighted average price.
- The measured CPI fluctuates to reflect changes in prices over time.
- One of the most popular methods for determining inflation and deflation is the CPI.
- An essential gauge of an economy's health is inflation. The CPI and other indexes are used by governments and central banks when making economic decisions.
- The decision to raise or cut interest rates is crucial among these.
- If the CPI increases, it indicates that the average rate of change in price over time has increased. The cost of living and income are eventually changed as a result of this.
Learn more about CPI here:
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Answer:
Miller's retained earnings on December 31, 2016 is $9,000,000.
Explanation:
Miller's retained earnings on 31 December 2016 = retained earnings on January 1, 2016 + net income - declared dividends
= $8,000,000 + $1,500,000 - $500,000
= $ 9,000,000
Therefore, Miller's retained earnings on December 31, 2016 is $9,000,000.
Answer:
$206000.
Explanation:
Given: Asset purchase value = 
Residual value after five years= 
Estimated useful life of asset= five years.
Now, we will calculate depreciation per year using straight line method.
Depreciation= 
⇒ Depreciation = 
∴ Depreciation expense per year = 