What makes zumiez different from its competitors

If consumers view the output of any firm in a market to be identical to the output of any other firm in the market and the marke

hichkok12 [17]

Answer:

B. will be horizontal

Explanation:

A type of market where output is identical to the output of any other firm in the market and the market has many firms and transaction costs are low is the perfect competition.

The demand curve is horizontal because in this type of market, price is set by the forces of demand and supply. Buyers are sellers are price takers and they don't have any influence over prices. At the going market price, sellers sell all the quantities of their products.

But if they attempt to increase price, quanitity demanded would fall to zero as consumers would easily shift to other sellers. Also, there would be no incentive to reduce price because they would be earning a loss.

I hope my answer helps you

7 0

3 years ago

Adjustment for Unearned RevenueOn June 1, 20Y2, Herbal Co. received $42,890 for the rent of land for 12 months.Journalize the ad

serious [3.7K]

Answer:

Dr unearned rent $25,019

Cr rental income $25,019

Explanation:

The cash received on June 1 20Y2 for 12 months rent would have been debited cash while the unearned rent account would have been debited with the same amount.

As of December 31, 20Y2, the rent of 7-month(June-December) have now been earned and adjusted as follows:

earned rent for 7 months=$42,890*7/12=$25,019

The earned rental income would be debited to unearned rent and credit to rental income

6 0

3 years ago

Pre-Fab purchased some machinery two years ago for $337,600. These assets are classified as five-year property for MACRS. The MA

faltersainse [42]

Answer:

$153,566.80

Explanation:

Book value of old machine = Machinery Cost*(1 - Accumulated depreciation)

Book value of old machine = $337,600*(1 - 0.20 - 0.32)

Book value of old machine = $337,600*0.48

Book value of old machine = $162,048

Loss on sale = Sale value - Book value

Loss on sale = $149,000 - $162,048

Loss on sale = -$13,048

Tax saving due to loss (cash inflow) = $13,048 * 0.35

Tax saving due to loss (cash inflow) = $4,566.80

Total cash inflow = $4,566.8 + $149,000

Total cash inflow = $153,566.80

Therefore, the after-tax salvage value from this sale is $153,566.80.

6 0

3 years ago

A customer of a brokerage firm in liquidation has an individual account with $300,000 in securities. The customer and his wife h

OLEGan [10]

Answer:

The correct answer is $1,100,000.

Explanation:

According to the scenario, the given data are as follows:

Customer account = $300,000

Joint account = $500,000

Customer's wife account = $300,000

So, we can calculate the amount that customer receive under SIPC by using the following formula:

SIPC =

Under SIPC each account considered as an individual account.
A maximum limit cover of $500,000 for cash and security for each individual account.

So, the amount that can receive by customer is:

Total Amount = $300,000 + $500,000 + $300,000

= $1,100,000

Hence, the total amount that customer receive under SIPC is $1,100,000.

4 0

3 years ago

Identify at least three problems, frustrations, or unmet needs that you have encountered in your life, through work experience o

yulyashka [42]

Explanation:

Problem 1: Unable to score high

During my middle school, I couldn't understand the concept properly, so I started memorizing, remember half and forgot half, so got only 50%.

Later on I understood the fact that I have to imagine and understand when the teacher teaches, and then I reached 90% in my high school.

Problem 2: Missed to make first impression

I starts to understand and progress slowly in my career path. I couldn't identify the reason though I am so skilled.

Finally I analyzed and found that I missed to make "my first impression". So after doing that, the career growth was drastic.

Problem 3: Decision making

Once I dropped my profession due to various reasons, I don't know where to move next. I was stuck.

Later on, I found that, I am good business man and started growing well.

5 0

4 years ago