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2 years ago

Which one of the following is a characteristic of an oligopoly

Business

2 answers:

kotegsom [21]2 years ago

6 0

Answer:

a small number of firms selling a homogeneous or a differentiated product

Explanation:

if this is one of the choices this is correct

oksano4ka [1.4K]2 years ago

4 0

The three most important characteristics of oligopoly are: (1) an industry dominated by a small number of large firms, (2) firms sell either identical or differentiated products, and (3) the industry has significant barriers to entry. hope this helps!

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On December 31, Patterson Company had the following list of account balances.

ElenaW [278]

Answer:

Patterson Company

Balance sheet as at December 31

Fixed Assets:

Equipment $50,800

Less: Accumulated Depreciation, Equipment $10,700

Buildings $119,000

Less: Accumulated Depreciation, Buildings $63,900

Total Fixed Assets $95,200

Current Assets:

Accounts Receivable $44,000

Prepaid Rent $14,700

Cash $39,900

Supplies $10,800

Total current Assets $109,400

Current Liabilities:

Accounts Payable $42,300

Salaries Payable $8,900

Total current liabilities $51,200

Total Net Assets = $153,400

Shareholders Equity:

Capital Stock $57,000

Retained earnings $96,400

Shareholders equity $153,400

Income statement.

Service Revenue 121,600

Supplies Expense 9,000

Gross Profit 112,600

Less expenses:

Depreciation Expense, Equipment 4,600

Depreciation Expense, Buildings 8,300

Rent Expense 11,000

Salaries Expense 6,100

Net income $82,600

Dividends $17,300

Transfer to retain earnings $65,300

Beginning Retained Earnings 31,100

Closing retained earnings $96,400

5 0

3 years ago

A business which spills oil that impacts land on which homes and businesses are built,but which compensate those whom it injures

uranmaximum [27]

False the business must assist in clean up if homes

4 0

3 years ago

Read 2 more answers

Monette Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of

hoa [83]

Answer and Explanation:

The preparation of cash collection budget is shown below:-

Cash Collection Budget

For the month of January through March

January February March Quarter

Cash sales $43,500 $37,500 $58,500 $139,500

Collection on Credit sales

20% month of sale $20,300 $17,500 $27,300 $65,100

40% month after $33,600 $40,600 $35,000 $109,200

24% two months after $17,640 $20,160 $24,360 $62,160

Total Cash collection $115,040 $115,760 $145,160 $375,960

Working Note 1

November December January February March

Total Sales $105,000 $120,000 $145,000 $125,000 $195,000

Cash sales $31,500 $36,000 $43,500 $37,500 $58,500

Credit sales $73,500 $84,000 $101,500 $87,500 $136,500

Credit sales is 70% of Total sales every month

Cash Sales is 30% of Total sales every month

Working Note 2

January February March Quarter

Cash sales $43,500 $37,500 $58,500 $139,500

Cash collection from credit sales of

November $17,640 $17,640

December $33,600 $20,160 $53,760

January $20,300 $40,600 $24,360 $85,260

February $17,500 $35,000 $52,500

March $27,300 $27,300

Total collections $115,040 $115,760 $145,160 $375,960

6 0

2 years ago

For most companies, the web ______ the threat that new competitors will enter the market by ______ traditional barriers to entry

Andrei [34K]

Answer: b. Increases, decreasing

Explanation: For most companies, the web increases the threat that new competitors will enter the market by decreasing traditional barriers to entry. Traditional barriers to entry include

a. Economies of scale

b. Product differentiation

c. Capital requirements

d. Switching costs

e. Access to distribution channels

f. Cost disadvantages

g. Government policy

thus, by reducing some of these barriers to entry the Web increases the threat of new competition.

7 0

3 years ago

Assets are 300,000 and equity is 100,000, assets increase 80,000 liabilities increase 50,000. what is equity at year end?

mojhsa [17]

<span>Assets - equity = liabilities
So liability before the increase is:
300, 000 - 100, 000 = 200, 000
And if assets increases by 80, 000. Hence new assets = 380, 000. Liabilities increases by 50, 000; hence new liability = 250, 000.
New Equity = New Assets - New liability.
New Equity = 380, 000 - 250, 000 = 130, 000.</span>

6 0

3 years ago

Which one of the following is a characteristic of an oligopoly​

Which one of the following is a characteristic of an oligopoly