Oriole Company purchased 300 of the 1000 outstanding shares of Skysong Company's common stock for $660000 on January 2, 2021. Du
ring 2021, Skysong Company declared dividends of $140000 and reported earnings for the year of $270000. If Oriole Company uses the equity method of accounting for its investment in Skysong Company, its Equity Investments (Skysong) account at December 31, 2021 should be __________.
A successful Information System implementation adds to an organization’s efficiency and <u>capability</u>. A successful implementation also makes the organization more <u>productive</u>.
An information system is a linked series of hardware and software designed to collect, store and process data. It is a better tool that is used to support operations, process, intelligence and IT in the organization. It helps in uplifting the function, performance and productivity of the organization.
Structured database and knowledge base created by the disciplined information reporting system helps better understanding and development. The reliable and relevant information provided pull the entire organization towards one direction to achieve the corporate goals and objectives.
A pure monopolist's demand is less elastic than a monopolist's competitors which is less elastic than a pure competitor.
In monopolistic competition, there is a great deal of nonprice competition, inclusive of advertising, trademarks, and emblem names. In natural competition, there is no nonprice opposition. In a pure monopoly, there is the simplest company. Its product is unique and there aren't any close substitutes.
As there are substitutes, the demand curve facing a monopolistically competitive firm is more elastic than that of a monopoly where there aren't any close substitutes. If a monopolist increases its fee, some purchasers will select no longer purchase its product—however, they will then need to shop for a completely extraordinary product.
The firm's demand curve is fantastically elastic, however no longer perfectly elastic. It's miles greater elastic than the monopoly's demand curve because the vendor has many opponents producing near substitutes; it's far less elastic than the natural competition because the seller's product is differentiated from its rivals.