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Alexandra [31]
3 years ago
6

A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities compa

ny can set the price of electricity.
True / False.
Business
1 answer:
marissa [1.9K]3 years ago
7 0

Answer: True

Explanation: Because the company is the sole supplier of electricity in this market, they have all the market power. Market power is the ability the company has to manipulate the market by influencing prices, the level of supply it provides and thus the demand within that market. Companies within markets such as these are known as "price makers", because they are able to change prices of their goods without losing market share.

Because the public utilities company is the sole provider of electricity within this market, they have no pressure or competition from other suppliers within the market. Therefore they have the market power to freely charge higher prices by limiting the supply of electricity. Or charge lower prices by over supplying electricity to consumers.

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Which of the following statements about money that is​ correct? A. Money is a completely stable store of value. B. Credit cards
dusya [7]

Answer:

i would say the answer is D. because all the other answers are not totally right.

3 0
3 years ago
At June 30, Almond Co.'s cash balance was $10,012 before adjustments, while its ending bank statement balance was $10,772. Check
Lunna [17]

Answer:

The correct option here is B) $9,961.

Explanation:

For taking out the adjusted cash balance at June 30 we will subtract the error in ledger amount and debit memo for monthly service charge and add the interest earned from the initial cash balance before any adjustment is made.

INITIAL CASH BALANCE = $10,012

(-) ERROR IN LEDGER      = $95 -$59

                                         = $36 ( this is the amount that Almond co's have to

                                                    pay more )

(+) INTEREST EARNED    = $35

(-) SERVICE CHARGES    = $50

ADJUSTED CASH BALANCE = $9961

3 0
3 years ago
Clarksen Company uses a process costing system. The company requisitioned $93,000 of materials for Department A and $67,000 of m
VashaNatasha [74]

Answer:

The correct journal entries should be:

Department A:

Dr Work in progress inventory 93,000

    Cr Raw materials inventory 93,000

Department D:

Dr Work in progress inventory 67,000

    Cr Raw materials inventory 67,000

Explanation:

Raw materials is an asset account with a debit balance, and since we must decrease it, we have to credit the amounts. Work in progress (WIP) inventory is an asset account so it has a debit balance.

6 0
3 years ago
we are evaluating a project that costs $848,000, has an eight-year life, and has no salvage value. assume that depreciation is s
alukav5142 [94]

A project's susceptibility to undesirable fluctuations in the value of the underlying factors, such as the sales price, sales units, its indirect cost, and other variables, is assessed using sensitivity analysis.

<h3>Sensitivity analysis: What is it?</h3>

According to a specific set of assumptions, sensitivity analysis evaluates how various values of an exogenous variables impact a specific dependent variable. In other words, analyses look at how different types of ambiguity in a mathematical formula affect the overall level of uncertainty in the model.

<h3>Briefing:</h3>

Project has an eight-year lifespan, costs $848,000, and has no residual value. Over the course of the project's life, depreciation decreases linearly to zero.

Depreciation = $848,000 / 8 = $106,000

Contribution margin per unit = selling price - variable cost per unit

= 40 - 20 = $20 per unit

Accounting break-even point = (Fixed costs + Depreciation) / Contribution per unit

= (625,000 + 106,000) / 20

= 36,550 units

To know more about Sensitivity analysis visit:

brainly.com/question/14293513

#SPJ4

8 0
1 year ago
Suppose an economy is initially operating at long-run equilibrium when there is an increase in consumer optimism about the econo
sladkih [1.3K]

Answer:

The correct option is Increase and Decrease respectively

Explanation:

6 0
3 years ago
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