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3 years ago

Select the items that describe a monopoly.

Business

2 answers:

arsen [322]3 years ago

4 0

Well obviously 3 is one of the answers. So is 1. and 2

bija089 [108]3 years ago

3 0

I would answer one and three. Four isn't a typical description, and resources don't necessarily have to be used efficiently in a monopoly because of the lack of competition. If I helped, a thanks would be appreciated!

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What is the rationale behind the ceiling when applying the lower-of-cost-or-market method to inventory?

Taya2010 [7]

Answer:

The correct answer is letter "D": Prevents overstatement of the value of obsolete or damaged inventories.

Explanation:

The lower-of-cost-or-market method values assets according to the lowest value possible choosing between the market value or the asset's historical cost. This accounting principle is useful to avoid exaggerating the value of obsolete or damaged assets the firm might have in stock.

5 0

3 years ago

Landis Company purchased $2,000,000 of 8%, 5-year bonds from Ritter, Inc. on January 1, 2018, with interest payable on July 1 an

yanalaym [24]

Answer:

correct option is c. $51,240

Explanation:

given data

fair value of Ritter Inc = $2,120,000

Landis Company purchased = $2,000,000

rate = 8 %

time = 5 year

bonds sold = $2,083,160

rate = 7%

premiums July 1 = $7,080

premiums December 31 = $7,320

solution

we get here Landis Company comprehensive income as separate component of stockholders' equity that is express as

comprehensive income = fair value of Ritter - ( bonds sold - premiums July 1 - premiums December 31 ) ..................1

put here value and we get

comprehensive income = $2,120,000 - ( $2,083,160 - $7,080 - $7,320 )

comprehensive income = $51240

so correct option is c. $51,240

7 0

3 years ago

Which of the following tells you how much your credit card interest will be if you only pay the minimum balance each month? A La

PIT_PIT [208]

The answer is D
because it tells u the percentage rate of how much u would be getting back

3 0

3 years ago

Question 8 (1 point)

Lelechka [254]

Capitalism because it was on the day they did it

5 0

2 years ago

Read 2 more answers

Wilson Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of

mrs_skeptik [129]

Answer:

Please see attached solution

Explanation:

a. Total manufacturing overhead costs allocated $356,400

b. Variable manufacturing overhead spending variance $40,500U

c. Fixed manufacturing overhead spending variance $17,600U

d. Variable manufacturing overhead efficiency variance $19,500F

e. Production volume variance $39,200F

Please find attached detailed solution to the above questions

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3 years ago