Answer:
varies depending on the state
Explanation:
For example, the Florida Real Estate Commission's (FREC) fines range from $250 to $5,000.
For first offenders, administrative fines range from $250 to $1,000, and the license can be suspended or revoked.
For repeat offenders, administrative fines range from $1,000 to $5,000, and the license can be suspended or revoked.
Answer:
Number of units it can sell and the number of customers it can serve
Explanation:
The ultimate market constraint (limit) on the amount of pricing power that can be exercised by a monopoly firm is the <u>number of units it can sell and the number of customers it can serve.</u>
<u>Generally</u>.
The price-setting ability of a monopolist faces two kinds of constraints:
1. Number of Units: The monopolist's price setting ability is limited by capacity as cannot sell more than a given quantity of its products
2. Number of Customers: The monopolist is additionally unable to serve more than a given number of consumers.
These 2 factors constrains the pricing power of the monopolist
Answer:
Direct ownership provides a firm with equity ownership rights and management control rights.
Explanation:
Direct Ownership refers to the ownership of an equity interest in an enterprise; such equity interest includes : the right to take part in the voting rights in that enterprise; the right to receive unburdened economic interest (such as dividends) entitled to the shareholders of that enterprise; and Broad-based BEE schemes, employee share option schemes (ESOPs) and other employee share schemes, where the beneficiaries have the the capacity to elect and remove trustees and also have the absolute right to receive economic benefits .
Thus, Direct ownership provides a firm with equity ownership rights and management control rights.
Answer:
Annual depreciation= $4,000
Explanation:
Giving the following information:
The cost of the machine was $29,000. Its estimated residual value was $9,000 at the end of estimated 5-year life.
<u>To calculate the depreciation expense, we need to use the following formula:</u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (29,000 - 9,000)/5
Annual depreciation= $4,000
