A very small number of firms producing a homogeneous product
Explanation:
An oligopoly is a corporate structure regulated by a few firms. It has been said that a market is highly competitive as divided by a few companies. Although only a few businesses rule, other small businesses will exist on the market as well.
Another oligopoly example is automotive manufacturing;
Ford (F), GMC and Chrysler are the main car manufacturers in the United states. In spite of smaller mobile operators, Verizon (VZ), Sprint (S), AT&T (T), and T-Mobile (TMUS) continue to be the industry's leading network.
Answer:
True.
Explanation:
When an incremental rate of return analysis is conducted correctly, the alternative identified as best by the present worth method will also be identified as best by the incremental ROR analysis. When more than one alternative can be selected from those available, the alternatives are said to be mutually exclusive.
Answer:
Gold Corp.
The stand-alone sales price is $135
Explanation:
a) Data and Calculations:
Selling price of desks = $500 per unit
Selling price of chairs = $150 per unit
Combined price of desks and chairs = $650
50% discount coupon on chairs = $75 (50% * $150)
Normal discount price of chairs = $135 ($150 * 90%)
Combined price of desks and discounted chair = $575 ($500 + $75)
Allocation of transaction price:
Desk = $575 * $500/$635 = $452.76
Chair = $575 * $135/$635 = $122.24
Total = $575
Answer:
$5,000
Explanation:
Under the accrual accounting method, revenue is recognized and recorded in the books once the recognition criteria is met i.e once the goods or service has been delivered.
Under this system as well expenses are recorded once incurred.
As such, the time of cash payment does not affect the recognition of revenue. When revenue is earned and cash is yet to be paid, the entries required are debit accounts receivable and credit revenue.
On payment of cash, the entries are posted between cash and accounts receivables.
Answer:
Benchmark.
Explanation:
In this scenario, Mr. and Mrs. Smith were interested in purchasing a vacant lot. However, they first wanted the property surveyed. When the surveyor came out to measure the property he began measuring from the iron spike embedded in the middle of the street. In this case, the iron spike would be known as benchmark.
In real estate, benchmark can be defined as an indicator which is used by individuals or group of developers to measure and define properties such as a land. Iron spikes and wood stakes could be used as a benchmark for indicating ownership or measurement of a property.