Ly Company disposed of two different assets.

Diane owns a bakery where she sells cupcakes. Two blocks down there is another bakery, CC's Bakery, that sells cupcakes for $1 l

BabaBlast [244]

Answer:

competition based pricing

Explanation:

When a company engages in a competition based pricing strategy, they will set the price of their products or services taking based on the price of their main or direct competitor. The product or service provided by the competitor is used to benchmark both the price and quality of the goods and services offered by the company.

For example, Coca Cola products are used as a price reference for all the soda products sold by other companies.

8 0

3 years ago

What would cause an increase in the equilibrium price of a good?

crimeas [40]

Answer:

Demand and supply

Explanation:

Demand and supply are the two factors which effect the equilibrium of price. If demand increases and the supplies remains constant the price will increase. On the other hand when demand decrease and the supplies remains constant the price will fall. So these two factors effect the Equilibrium price of a good.

5 0

3 years ago

Sienna has a car loan with an annual interest rate of 4.8%. She will make the same monthly payment for 48 months, after which th

butalik [34]

Diego is correct because the loan has to be paid in full by a specific date.

9 0

4 years ago

Read 2 more answers

Preparing a Cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct mater

Marta_Voda [28]

Answer:

Cost of goods sold = $960,839

Explanation:

Preparing cost of goods sold budget:

Number of units to be sold = 20,000 - 675 = 19,325

As for the information provided:

Direct Materials = $14 $\times$ 19,325 = $270,550

Direct Labor hours = 1.9 $\times$ 19,325 = 36,717.5

Direct Labor Cost = $16 $\times$ 36,717.5 = $587,480

Variable overhead = $1.20 $\times$ 36,717.5 = $44,061

Fixed overhead = $1.60 $\times$ 36,717.50 = $58,748

Therefore, cost of goods sold = $960,839.

6 0

3 years ago

Which document determines the number of shares in a company? a stock prospectus an annual bill of rights a corporate charter an

Nezavi [6.7K]

Answer: Corporate charter

Explanation:

The corporate charter is also referred to as the articles of incorporation. It is a document that contains the major components that make up a company, like the objectives of the company, the structure of the company, the number of shares the company has for sale and the planned operations of the company.

When a corporate charter is approved by the state, then the company will become a legal corporation. The corporate charter also contains the names of the people that are involved in its formation.

5 0

3 years ago

Read 2 more answers