Answer: D, overall productivity in the industry decreases.
Explanation: a producer can gain less market share from a given price cut.
Increased in competition means there are more firms and this will not effect consumers decisions.
D. all of the above because all are not physical retailers. Non-traditional sellers/retailers do their selling/business over the phone, on the internet, etc.
Answer:
A. $549000
Explanation:
Given information
Number of outstanding stock of Sherry, Inc = 60%
The cost of the land = $207,000
Fair value at the acquisition date = $549,000
By considering the above information, the value reflected in a consolidated balance sheet is $549,000.
The historical principle says that the fixed assets should be recorded at the purchase price or acquisition cost only and the same is to be considered
<span>Present
value is the current value of a future sum of money. Present value of money is
used to compute the time value of money. It is also known as ‘present discounted
value’ or ‘discounted value.’ It is the worth of money now to be paid in series
of payments at a certain interest rate to arrive at the future value.</span>
