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Sonbull [250]
3 years ago
13

Metropolitan Power and Light is a monopoly in the electrical generation and distribution industry. Since it does not face any co

mpetition in its industry, it has become quite lax in research and development and has not made any improvements to its efficiency. It also spends lavishly on its corporate retreats because it has a high level of guaranteed profits every year. Its actions are an example of:
Business
1 answer:
____ [38]3 years ago
7 0

Answer: x-inefficiency.

Explanation: Since it does not face any competition in its industry, the actions of Metropolitan Power and Light are an example of x-inefficiency which is a situation in which monopolies find themselves wherein they do not have to act efficiently since they are protected from competitive pressures. X-inefficiency is also applied to analyzing the average costs in imperfectly competitive markets whose average costs are higher than they would be if the market was more efficient.

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A house is appraised for $25,000, and shows an assessed value of $20,000. The taxes on the house are $300 annually. What would t
pashok25 [27]

Answer:

$600

Explanation:

In this situation, first we have to know that tax levy on assessed value.

<u>Computation of tax rate:</u>

Appraised Value = $25,000

Assessed value = $20,000

Tax = $300

Tax rate = ($300 / $20,000) x 100 = 1.5%

Assume Appraised Value = $45,000

Assume Assessed value = $40,000

Calculation of tax value = Assessed value x tax rate

= $40,000 x 1.5%

= $600

5 0
3 years ago
Zack developed software that helps farmers to plow their fields in a manner that prevents erosion and maximizes the effectivenes
Reil [10]

Answer:

$60,000 or $12,000

Explanation:

1. Since Zack expects Sparky to use the developed software for a period of five years, we could assume that the revenue for the first year of the contract would be $60,000.

2. Or if we Spread out the average revenue for a period of five years from the licensing fee, 60,000 / 5 (years) would give us 12,000 dollars per year.

5 0
3 years ago
Navajo Corporation traded a used truck (cost $25,000, accumulated depreciation $22,500) for a small computer worth $4,125. Navaj
bulgar [2K]

Answer:

Calculation of Gain or Loss:

Book Value of Truck:

= 25,000 - 22,500

= $2,500

Gain on Exchange:

= 4,125 - 2,500 - 625

= $1,000

Therefore, the journal entry is as follows:

Accumulated Depreciation A/c Dr. $22,500

computer A/c                              Dr. $3,125

                   To Truck                                            $25,000

                   To Cash                                              $625

(To record the Truck)

6 0
3 years ago
Congress missed the fact that various agencies with responsibility for supervising the banking industry were negligent in identi
stira [4]

Answer:

oversight.

Explanation:

Oversight can be defined as an unintentional failure to notice a mistake or error, or an unintentional failure to act upon an event caused by an error.

Both the FED and the SEC should have noticed that the financial system was in a really bad shape way before Bear Stearns and Lehman Brothers collapsed, or AIG (and others) needed a huge bailout. Apparently both the FED and SEC were all too optimistic about the market and their optimism blinded them. As always the consequences of negligent public servants were paid mostly by the average taxpayer.

5 0
3 years ago
Amy wants to move a paragraph in her document from the middle to the end. How can she do that?
Sav [38]
Copy and paste it to where it's needed

?



4 0
3 years ago
Read 2 more answers
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