Answer: the correct answer is B. (i) and (iii) only
Explanation:
A natural monopoly is a monopoly in an industry in which huge infrastructural costs and other fences to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors.
(i) multiple firms would likely each have to pay large fixed costs to develop their own network of pipes. This is true but often times it is just one big company the one that serves the whole market or a partnership of two or (rarely) three companies that works as a big company.
(iii) a single firm can serve the market at the lowest possible average total cost. This is true because a natural monopoly has scale economies that's why it can offer the lowest possible average total costs.
Answer:
a. Current ratio = current assets / current liabilities
- 2014 = $90,717 / $62,939 = 1.44
- 2015 = $100,617 / $66,442 = 1.51
b. Quick ratio = (current assets - inventory) / current liabilities
- 2014 = ($90,717 - $51,163)/ $62,939 = 0.63
- 2015 = ($100,617 - $56,295)/ $66,442 = 0.67
c. Cash ratio = (cash + cash equivalents) / current liabilities
- 2014 = $11,135 / $62,939 = 0.18
- 2015 = $13,407 / $66,442 = 0.20
d. NWC to total assets ratio = net working capital / total assets
- 2014 = $27,778 / $417,173 = 0.07
- 2015 = $34,175 / $458,177 = 0.07
e. Debt-equity ratio = total debt / total equity
- 2014 = $106,939 / $310,234 = 0.34
- 2015 = $105,442 / $352,735 = 0.30
equity multiplier = total assets / total equity
- 2014 = $417,173 / $310,234 = 1.34
- 2015 = $458,177 / $352,735 = 1.30
f. Total debt ratio = liabilities / assets
2014 = $106,939 / $417,173 = 0.26
2015 = $105,442 / $458,177 = 0.23
long-term debt ratio = long term liabilities / assets
- 2014 = $44,000 / $417,173 = 0.11
- 2015 = $39,000 / $458,177 = 0.09
Answer:
Land contract
Explanation:
Land contract is the agreement or the contract among the seller and the buyer of the real property in which the seller provides or offer the buyer option of financing in the purchase and the buyer repay the amount in the resulting loan which is in installments.
In this contract, the seller retain or have the legal title of the property, while allows the buyer to take the possession of the property for the most of the purposes other than the legal ownership.
If the title does not pass until the payment in full is made, then it is a land contract.
