Answer:
A. You would choose Bank A because its EAR is higher
Explanation:
Bank A pays 3% interest compounded annually on deposits, while Bank B pays 2.25% compounded daily
EAR of Bank A = 3%
EAR of Bank B = (1+2.25%/365)^365 - 1
EAR of Bank B = 2.275% effectively annually
Based on the EAR (or EFF%), which bank should you use?
You would choose Bank A because its EAR is higher.
Answer:
False
Explanation:
The characteristics of a sole proprietorship are as stated below;
- Sole proprietorship is the simplest and easiest form of business setups
- The personal responsibility of the owner are unlimited.
- The business is owned by one person
- The business is taxed based on the personal income of the owner
From these characteristics, if the sole proprietorship acquires a legal business name, the owner then has unlimited liability.
Answer:
What is the final cost of the merchandise inventory for Jones Manufacturing from this purchase?
$8340
Explanation:
Purchased_________________________ 10000
Freigth Bill_________________________ 500
Credir terms________________________ 2/10 n/30
Returned __________________________ 2000
Purchase____________________________ 10000
Return____________________________ 2000
Net inventory 8000
Discount %_________________________ 2%
Discount ___________________________ 160
Net inventory_______________________ 7840
Freigth Bill_________________________ 500
Final cost__________________________ 8340
Answer:
A) A firm in an oligopolistic market has to consider its own impact on price when making production decisions
Explanation:
A perfectly competitive market is a market with many firms selling identical product. There are free entry and free exist and the decision of a firm does not affect the price in the market as all firms are price takers. Therefore, each firm is independent under perfectly competitive market and production decisions of a firm in a perfectly competitive market does not affect the price in the market nor will it cause any reaction from other firms.
However, Oligopolistic market is a market where there are few firms which are 3 or more firms but not more than 20 firms selling identical or differentiated product.. Firms in oligopolistic market are interdependent which implies that the decision of one firm can affect price and this can cause reaction from other firms and then lead to a price war. A price war occurs when each firm continually reduces its own price in order to increase its market share which causes other firms to react reducing their own prices and this will make none of the firms to gain in the end. In order to avoid the price war, each firm in an oligopolistic market has to consider its own impact on price when making production decisions.
Answer:yes I agree. It is my company and I don’t want to lose money!!
Explanation:
