Answer:
Letter a is correct. <em>Monopolistic competition is similar to monopoly because both market structures are characterized by firms being price makers rather than price takers.</em>
Explanation:
<u>
A monopoly</u> is an economic situation whose main characteristic is imperfect competition, that is, only one company owns a market for a particular good or service and for this reason is able to influence the price of that good or service for its own benefit.
<u>Monopolistic competition</u> resembles monopoly in that it is characterized by business competition for similar but not equal products, so they are also capable of making the price, since similar products sold on the market cannot be considered perfect substitutes.
Answer:
Dr Cash account 50,000
Cr Bonds Payable account 50,000
Explanation:
The company received $50,000 in cash. Since cash is an asset and it increased when the bonds were issued, it should be debited.
The company has to pay bonds worth $50,000. Since bonds payable is a liability and it increased when the bonds were issued, it should be credited.
Answer:
Marginal tax rate = 34%
Average tax rate = 22.25%
Explanation:
The marginal tax rate is the rate of tax income earners incur on each additional dollar of income. As the marginal tax rate increases, the taxpayer ends up with less money per dollar earned than he or she had retained on previously earned dollars.
DATA
Income level = 100,000
Corporation Tax rates
0-50,000 = 15%
50,000 - 75,000 = 25%
75,000 - 100,000 = 34%
Marginal tax rate = 34%
Solution
Income tax owed = (15% x 50000)+(25% x 25000)+(34%*25000)
Income tax owed = 22,250
Average tax rate = 22,250/100000
Average tax rate = 22.25%
Answer:
Here the correct option is (d) identified a problem or frustration; identified an opportunity or need.
Explanation:
Identified a problem or frustration; identified an opportunity or need. Airbnb began when Gebbia and Chesky identified a drag or frustration; the corporate grew because it identified a chance or need. that they had a drag of not having enough money to pay the rent, and that they identified a chance or need in letting strangers live there which they will afford, unlike an upscale bedroom.
Answer:
$26,000
Explanation:
Joy Elle’s Vegetable Market
Cash flow from Financing Activities
Issuance of Stock $50,000
Less: Repaid Note payable $22,000
Less: Paid Dividend <u>$2,000</u>
Net Cash provided by financial activities <u>$26,000</u>
-Acquired land by issuing common stock is a Non cash investing and financing activities under cash flow
-Sold a long-term investment for cash is an investing activities under cash flow
-Acquired an investment in IBM stock for cash is an Investing activities under Cash flow
