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3 years ago

Suppose that there are small, but nontrivial, barriers to entry into

Business

1 answer:

Fudgin [204]3 years ago

3 0

Answer:

Firms make normal profits

Explanation:

Monopolistic competition is characterized by many firms selling similar but differentiated products. Each firm sets its price because they sell slightly different products. There are insignificant or no barriers to entry or exit in a monopolistic competition.

It is possible to make abnormal profits in monopolistic competition in the short run. Due to ease of entry and exit, a firm with abnormal profits will face competition from new entrants. In the long-run, no firm will dominate the market, which means all firms will be making normal profits.

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A consumer electronics company is considering marketing a new model of TV screen. In the past 40% of the TV screens marketed by

In-s [12.5K]

Answer: The answer is attached

Explanation:

Probability is the likelihood or the chance of an occurrence of an event happening. Probability is the number of ways to achieve success in a total number of possible outcomes.

The calculation for the above question is attached

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3 years ago

Jada Company uses the allowance method to account for uncollectible receivables. On June 2, Jada wrote off a $15,000 account rec

goblinko [34]

Answer:

Allowance for uncollectible accounts 15,000 debit

Acounts Receivables 15,000 credit

Allowance for uncollectible accounts 15,000 credit

Cash 15,000 debit

Accounts Receivables 15,000 credit

bad dent expense 830 debit

Allowance for uncollectible accounts 830 credit

Explanation:

We decrease both, teh allowance and account receivables to leave the net amount of A/R the same

Then, we reverse that entry as we recovery the account

Last, we proceed to record the collection of the account like any other.

The adjusting entry will recognize the bad debt expense against the allowance to decrease the net receivables

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3 years ago

Gains are: a) Inflows from selling a product or service to a customer b) Increases in equity resulting from transfers of assets

valkas [14]

Answer:

C) Increases in equity from peripheral transactions of an entity

Explanation:

A) Is the description of Revenue

B) Social capital increase

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4 years ago

Ethics is so important in financial accounting and reporting that the government has passed a law regulating ethical actions of

devlian [24]

<span>Ethics is incredibly important when it comes to financial reporting and accounting, so important that the government saw fit to pass a law that regulates the actions of businesses and how ethical they are when it comes to how they report. The reason that ethics is so very important when it comes to the economy of the country is because if there is a reason to believe that companies are using unethical practices in reporting, it allows investors and creditors to back away and not offer any more financial backing.</span>

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4 years ago

What document explains your rights and responsibilities as a federal student loan borrower?

Semenov [28]

The document that explains your rights and responsibilities as a federal student loan borrower is "Mastery Promissory Note (MPN)."

Mastery Promissory Note (MPN) is a document that contains the rights and responsibilities of an individual getting a federal student loan.

Generally, students are expected to sign this document after getting a federal student loan.

It serves as a legally binding agreement that the student will pay back their loan.

Hence, in this case, it is concluded that the document that explains your rights and responsibilities as a federal student loan borrower is "Mastery Promissory Note (MPN)."

Learn more here: brainly.com/question/24801462

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3 years ago

Read 2 more answers