Answer: $25000
Explanation:
From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.
Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.
120% × x = $30000
1.2x = $30000
x = $30000/1.2
x = $25000
Therefore, the amount paid for the property is $25000
Answer:
PMT = $3875.00
Explanation:
given data
annuity selling = $14,427.59
time = 4 year
interest rate = 5 %
solution
we get here annual annuity payment that is express as
PMT = 
..................................1
put here valuer and we get
PMT = 
solve it now and we get
PMT = $3875.00
so here value of the annual annuity payment (PMT) is $3875.00
A purpose of government regulation in a mixed-market economy is to protect A) Property rights
Answer:
<u>b. We cannot find adequate industry averages</u>
Explanation:
- Ratio analysis is a process for determining also to interpret the relationship between the items of financial statements. It aims to provide a meaningful understanding of the position of the organization.
- There are five basic types of ratios as the profitability, the liquidity, the activity, debt, and market thus its use for an intra and inter-firm comparison, useful in locating weaker areas, helpful in addressing the operating efficiency and simplifies accounting data.
Answer:
see below
Explanation:
An Oligopoly market structure is one that has few firms dominating an industry with many buyers. The few firms may be selling an identity or differentiated product.
The features of an oligopoly market include
1. Heavy Advertising
Each of the firms will advertise to win customers. Because the firms offer similar or differentiated products, there is heavy advertising to try to get a bigger market share.
2. Interdependence
There are few firms competing for many buyers. What one of the firms does elicits reactions from the others. If one of the firms reduces its prices, there are higher chances that the others will also follow suit. To avoid unhealthy competition, these firms engage in collaborations.
3. Barriers to Entry
It requires heavy capital expenditure to participate in an oligopoly market. The amount of capital required acts as a barrier to entry. The domination by a few firms and intense advertisement scares away new entrants.
4. Price-setters
Each firm is able to set its price. All the firms do not sell uniform products; hence they are able to set their pri
