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3 years ago

The model of competitive markets relies on these three core assumptions:

Business

1 answer:

Karolina [17]3 years ago

4 0

Answer:

B. No, no free entry

Explanation:

With a patent granted to one pharmaceutical company to produce and sell an experimental AIDs drug, all doors of free entry and exit have been locked against other pharmaceutical companies. This implies that one of the major ideals of a competitive market is violated. Without free entry and exit, there cannot be many sellers, and we cannot discuss about the possibility of firms producing identical products because there is only one drug.

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North Dakota Corporation began operations in January 2020 and purchased a machine for $27,000. North Dakota uses straight-line d

andrew-mc [135]

Answer and Explanation:

The Journal entry is shown below:-

Income tax expense Dr, $40,025

To Deferred tax liability $2,025

To Income tax payable $38,025

(Being income taxes for the year 2020 is recorded)

Working note:-

Excess depreciation = ($27,000 × 50%) - ($27,000 ÷ 4)

= $13,500 - $6,750

= $6,750

For Deferred tax liability = $6,750 × 30%

= $2,025

For Income tax payable = ($157,000 - $23,500 - $6,750) × 30%

= $126,750 × 30%

= $38,025

6 0

3 years ago

Your company produces mass spectrometers for sale to colleges and universities throughout the United States. On February 12, the

Jobisdone [24]

Answer:

As the Company has received a Cheque of $10,000,000 for payment in full. The Company though have not started the production it can consider such amount and cancel the contract and being a misc Income in its profit and loss account.

Though the product is being sold to an university and such organisation work on No profit no loss situation hence it can consider manufacturing 10 units and selling such units to the university at least the university also does not incur a loss of such a huge amount.

7 0

3 years ago

If Penny bought a stock for $80 dollars and could sell it 15 years later for 4 times what she originally paid, what is Penny’s r

snow_lady [41]

Answer:

10%

Explanation:

Data provided in the question

Purchase value of the stock = $80

Number of years = 15

Times = 4

So, the return on owning this stock is

= Number of times^(1 ÷ number of years) - 1

= 4^(1÷15) - 1

= 4^0.0666666667 - 1

= 1.0968249797 - 1

= 0.0968249797

= 10% round off

All other things that are mentioned in the question is not relevant. Hence, ignored it

6 0

3 years ago

Question 2: Global production company wants to collect data from the computer

lesya [120]

Answer:

ANswer to the following question is as follows;

Explanation:

Companies aim to acquire data from computer customers by surveying their business in the worldwide production market. This kind of data collecting delivers a more comprehensive survey than individual data gathering, is less costly, and saves time, and has a high response rate.

According to the present market circumstances, I recommended utilising a postal survey and in-person interviews study as a company researcher.

6 0

3 years ago

Which of the following does the aggregate expenditure macroeconomic model seek to explain? A. inflation B. the business cycle

horsena [70]

Answer:

B. the business cycle

Explanation:

Macroeconomics studies how an economy behaves, this means, how the markets work on a large scale by analyzing inflation, economic growth, DCP, etc.

I hope you find this information useful and interesting! Good luck!

4 0

3 years ago