What are two examples of Secondary or non-core activities?

Suppose there are 5 gas stations in Durham. All of them sell, among other things, 87 octane regular unleaded gas. Which of the f

Gnoma [55]

Answer:

b

Explanation:

An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.

Oligopolies are characterised by:

Firms that set the market price for their products
profit maximisation
high barriers to entry or exit of firms
downward sloping demand curve

87 octane gas in Durham is the same in each of the five stations, so the product is undifferentiated

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

A monopolistic competition is when there are many firms selling differentiated products in an industry.

A monopoly is when there is only one firm operating in an industry.

An example of a monopoly is a utility company

4 0

3 years ago

Greg was looking at different websites to complete his paper for his accounting class. He found several websites that ended in .

Masteriza [31]

In this question the options are missing; here are the options:

Which best describes how Greg could find more information about the website to check for its validation?

Greg could assume it is valid because it is a .net.

Greg could look at the contact page to validate Frank's expertise.

Greg could look to see if the website was updated recently,

Greg could assume it is valid since Frank is not selling anything.

The answer to this question is B. Greg could look at the contact page to validate Frank's expertise.

Explanation:

One of the key factors that make a source to be credible is the expertise of the author because if the author is an expert in the area, the source is generally considered as credible. For example, the words of Isaac Newton are a credible source if these are related to areas such as maths, physics, or astronomy because he was an expert in this area. In this context, one way Greg could validate this source is by checking who is Frank Smith to verify if he is an expert in the topic. This makes option B correct.

3 0

3 years ago

Select the account classification that matches with the description.

Trava [24]

Answer:

E. Revenues

Explanation:

The sale of products or services brings about revenue to the business.

The revenue according to the accrual concept is recognized when an entity has performed its obligation of delivering goods or rendering services to its customers.

Sale revenue has the expenses deducted from it in a bid to ascertain the company's profitability or the bottomline

5 0

4 years ago

Martinez Company's ending inventory includes the following items.

lozanna [386]

Answer and Explanation:

The computation of the lower of cost or market for ending inventory applied separately to each product is presented below:

Product Units (A) Cost per Unit Market per Unit Minimum cost (B) Value (A × B)

Helmets 24 $50 $54 $50 $1,200

Bats 17 $78 $72 $72 $1,224

Shoes 38 $95 $91 $91 $3,458

Uniforms 42 $36 $36 $36 $1,512

Total cost $7,394

First we take the lower unit of cost or market and after than the lower unit should be multiplied with the number of units so that the ending inventory could come

6 0

3 years ago

On January 1, Mitzu Co. pays a lump-sum amount of $2,750,000 for land, Building 1, Building 2, and Land Improvements 1. Building

krek1111 [17]

Answer:

January 1, 202x

Dr Land 2,162,109

Dr Building 2, 742,626

Dr Building 3, 2,262,000

Dr Land improvement 1, 385,065

Dr Land improvement 2, 168,000

Cr Cash 5,719,800

Explanation:

total purchase cost $2,750,000

Building 2 = $796,500

Land improvement 1 = $413,000

Land = <u>$1,740,000</u>

total = $2,949,500

proportional purchase cost building 2 = $2,750,000 x $796,500/$2,949,500 = $742,626

proportional purchase cost land = $2,750,000 x $1,740,000/$2,949,500 = $1,622,309

proportional purchase cost land improvements 1 = $2,750,000 x $416,000/$2,949,500 = $385,065

additional costs to land = $346,400 + $193,400 = $539,800

additional building 3 = $2,262,000

additional land improvement 2 $168,000

January 1, 202x

Dr Land 2,162,109

Dr Building 2, 742,626

Dr Building 3, 2,262,000

Dr Land improvement 1, 385,065

Dr Land improvement 2, 168,000

Cr Cash 5,719,800

4 0

3 years ago