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Alex787 [66]
2 years ago
5

In one of the case studies in the textbook, Cy Chesterly was the vice president in charge of sales for one of the largest machin

e parts manufacturers in the Midwest. He was an excellent salesman and helped build the company into one of the most successful in the industry. While Chesterly was known to go overboard on the entertainment expenses, he really went wild when it came to buying personal items-vacations, furniture, and jewelry to name a few.
How was he caught?
Business
1 answer:
Damm [24]2 years ago
8 0

Answer:

A new president was hired and he found Chesterly out while reviewing the accounting records.

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In the long run equilibrium, a monopolistic competitor will produce to the point at which A) actual average total costs are at t
Artemon [7]

Monopolistic competition is the economic market model with many sellers selling similar, but not identical, products. The demand curve of monopolistic competition is elastic because although the firms are selling differentiated products, many are still close substitutes, so if one firm raises its price too high, many of its customers will switch to products made by other firms. This elasticity of demand makes it similar to pure competition where elasticity is perfect. Demand is not perfectly elastic because a monopolistic competitor has fewer rivals then would be the case for perfect competition, and because the products are differentiated to some degree, so they are not perfect substitutes.

Monopolistic competition has a downward sloping demand curve. Thus, just as for a pure monopoly, its marginal revenue will always be less than the market price, because it can only increase demand by lowering prices, but by doing so, it must lower the prices of all units of its product. Hence, monopolistically competitive firms maximize profits or minimize losses by producing that quantity where marginal revenue equals marginal cost, both over the short run and the long run.

3 0
3 years ago
Match each entity on the left to the correct establishment on the right.
Mumz [18]

The group or organization matchup is given below;

  • Non-state actor - terrorist.
  • International Organization -World Trade Organization, United Nations.
  • Nation-state - Canada.

<h3>What is a Nation state?</h3>

The term nation-state is known to be a any country that is territorially held together as a sovereign state.

Note that in this kind of country, it is one that is governed in the name of a community of its own people who identify or see themselves as a nation.

See full question below

Match the group or organization on the left with its correct category on the right.

non-state actor:

terrorist

International Organization:

World Trade Organization,

United Nations

nation-state: Canada

Learn more about Nation-state from

brainly.com/question/19454824

8 0
2 years ago
On november 1, 2018, the bagel factory signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued inter
Salsk061 [2.6K]

Answer:

A) debit interest expense, $1000

Explanation:

to determine the accrued interest expense = $100,000 x 6% x 2/12 = $1,000

the journal entry should be:

December 31, 2018, accrued interest expense on note payable:

Dr Interest expense 1,000

    Cr Accrued interest payable 1,000

Accrual accounting establishes that expenses must be recognize during the period that they occur regardless of when they are paid. So we must recognize 2 months worth of interest.

6 0
3 years ago
Eddie just landed his first job out of college, and he’s excited about the position. However, Eddie needs to be dressed up every
Reptile [31]

Answer:

Why is it important to assess various credit options before making a decision on how to pay for

Explanation:

at questions should Selena ask before deciding on this option?

OPTION 3: Get a private college loan from her bank, Wells Fargo, which is currently offering fixed rates between 5.94% and 10.92%

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What questions should Eddie ask before deciding on this option?

OPTION 2: Use $1250 of the $1500 he has saved in an Emergency Fund

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What questions should Eddie ask before deciding on this option?

OPTION 3: Get a loan from Lending Club at an APR of 24.99%

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What questions should Eddie ask before deciding on this option?

Selena is about to enter her senior year of college, when all of a sudden she realizes her school raised the tuition cost, and she’s short $6600 in her financial aid package.

OPTION 1: Charge the payments on the joint credit card account she shares with her mom, at a 14.99% APR

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What questions should Selena ask before deciding on this option?

OPTION 2: Apply for a Federal Student Loan to coverhe’s excited about the position. However, Eddie needs to be dressed up every day and has no appropriate clothes right now. Eddie figures it will cost about $1250 to start a professional wardrobe.

OPTION 1: Open a 0% (for the first 6 months) credit card

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What questions should Eddie ask before deciding on this option?

OPTION 2: Use $1250 of the $1500 he has sa

Eddie just landed his first job out of college, and he’s excited about the position. However, Eddie needs to be dressed up every day and has no appropriate clothes right now. Eddie figures it will cost about $1250 to start a professional wardrobe.

OPTION 1: Open a 0% (for the first 6 months) credit card

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CONS

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OPTION 2: Use $1250 of the $1500 he has saved in an Emergency Fund

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What questions should Eddie ask before deciding on this option?

OPTION 3: Get a loan from Lending Club at an APR of 24.99%

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OPTION 3: Get a private college loan jsiaolqhs alkas

4 0
3 years ago
Consider the market for film streaming services, tv screens, and tickets at movie theaters. for each pair, identify whether they
Trava [24]

Film streaming and tv screens: Compliments (if you are watching more netflix, hulu, etc you will care more about having a good tv to watch on)

Film streaming and movie tickets: Substitutes (you will either watch netflix or go to the movies, not both at the same time)

TV screens and movie tickets: Substitutes (if you are going to the movies, it doesn't matter what kind of TV you have)

3 0
3 years ago
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