Answer:
Nola and Charles Collusion at Trident, IA.
Helping or Impeding Scenarios:
Helping Scenarios:
4. Nola and Charles are regulars at the same coffee house. They talk regularly
5. Charles and Nola both charge a fixed per person price for a party
Impeding Scenarios:
1. Charles develops a signature appetizer that becomes the must have in Trident
2. A party planning school opens and the new graduates are ready to plan!
3. Nola lowers her price on national television
6. Nola's marginal cost is lower than Charles's.
7. Most of the parties are given by Trident's largest employer, a water bottling plant.
Explanation:
Nola and Charles can only enter a collusion agreement secretly because it is illegal. Since the agreement is secret, it is not enforceable in the court of law. The tendency for Nola and Charles to be entangled in the prisoner's dilemma is very high. It is also not possible for them to protect their collusion for very long because they have different cost bases and core competencies that derail collusion on a sustainable large scale. Graduates of party organization and other market participants, including the large firm that hosts most of the parties in the area will end the collusion before long.
Answer: B) Only I
Explanation: The first rule regarding reporting requires that the auditor indicate in his report whether the financial statements were prepared in accordance with the generally accepted GAAP accounting principles. The term "accounting principles" used in the first information standard shall be understood to cover not only accounting principles and practices but also the methods of their application at a particular time. There is no comprehensive list of GAAP, since both written and oral principles are accepted in accounting.
Answer:
Except Materiality.
Explanation:
The qualitative characteristics of accounting information are divided into;
i. Fundamental ( Relevance (materiality) and faithful representation)
ii. Enhancing.
According to ACCA and IASB the fundamental characteristics has two major components; a. Relevance and b. faithful representation.
Relevance actually mean having material value. In accounting, a transaction has material value if it inclusion or omission can change the overall opinion of the financial statement from a profit to loss.
Answer:
a. 8.24%
Explanation:
The formula to compute the effective annual rate of the loan is shown below:
= (1 + nominal interest rate ÷ periods)^ number of period - 1
= (1 + 8% ÷ 4)^4 - 1
= (1 + 2%)^4 - 1
= 1.02^4 - 1
= 8.24%
As the interest rate is made on a quarterly basis and we know that there are four quarters in a year and we take the same in the computation part
Answer:
Letter A is correct. <u>Its licensing partner, the Oriental Land Company reaped the windfall, because the partner who bore the risk was also likely to be the biggest beneficiary from any upside gain. </u>
Explanation:
When analyzing the other Disneylandia around the world, we can see a different case in Tokyo Disneylandia, which is the first in the world that does not belong entirely to Disney. Upon being opened under a license agreement in Tokyo, Disney receives only a royalty fee, and Oriental Land Company receives a substantially favorable profit from the existing value of the Disney brand in the world, and from its stable and well-structured operations model .
So in this license agreement, Disney controls the creative part of the business, and the Oriental Land Company operates the business, which means that there are profitable advantages for both companies.