Answer:
are like a private tax that redistributes income from consumers to monopoly sellers.
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
For example, a public power company is an example of a monopoly because they serve as the only source of power utility provider to the general public in a society.
The higher prices charged by monopolists are like a private tax that redistributes income from consumers to monopoly sellers because the consumers are left with no choice than to patronize these monopolists for essential goods and services since they are the only seller.
Answer C would be correct because it provides new assets to the corporation.
Answer:
A. Both are provided by your employer at the employer’s expense.
Explanation:
Disability insurance is a type of insurance that covers a worker providing a source of income in an event that the worker would not be able to continue work as a result of a disability. Employers usually offer disability insurance for their employees.
Life insurance is a type of insurance in which the insurance company pays a beneficiary a death benefit upon the death of an insured person. Employers usually offer disability insurance for their employees.
Purchase the machine because the expected rate of return exceeds the interest rate
Answer:
$50,400
Explanation:
Cash Balance as per bank statement $62,900
[$69700+$25300-$20400+$87600-$99300]
Less: Outstanding checks at April 30, 2020 <u>$12,500</u>
Adjusted Cash balance per bank <u>$50,400</u>
So, the cash balance per books at April 30, 2020 is $50,400