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NISA [10]
3 years ago
7

Which firm is the oligopolist? Choose one: Firm A is in retail. It is one of the largest and most popular clothing stores in the

country. It also competes with many rivals and faces intense price competition. Firm B is in the auto rental business. It is not the nation’s largest rental company, but significant barriers to entry enable it to serve customers across the United States more conveniently and at a lower price than local rivals. Firm C is a restaurant in a small, isolated community. It is the only local eatery. People drive from miles away to eat there.
Business
1 answer:
skelet666 [1.2K]3 years ago
3 0

Answer:

Firm B is in the auto rental business. It is not the nation’s largest rental company, but significant barriers to entry enable it to serve customers across the United States more conveniently and at a lower price than local rivals.

Explanation:

For the given options we considered Firm B to be treated as the oligopolist as the firm nor its competitors would have the major impact over the market also there are entry & exit barriers from the market

So the firm B should be chosen as the oligopolist

Therefore the same should be considered and relevant

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A business entity operated and taxed like a partnership, but with limited liability for the owners, is called a:
Masteriza [31]

Answer: A. limited liability company.

Explanation:

A Limited Liability Company (LLC) is a type of company that is operated and taxed like a partnership for instance, profits that flow to the partners are taxed on the partner's income but not on the firm to prevent double taxation. This is called Flow-Through Taxation.

They operate with limited Liability for the owners because the owners are only personally liable for the debts and liabilities the company has up until the capital they invested. Anything past this and they cannot be held liable.

8 0
3 years ago
Renue Spa had the following balances at December 31, Year 1: Cash of $15,000, Accounts Receivable of $61,000, Allowance for Doub
Phoenix [80]

Answer:

Explanation:

provision For Doubtfull Accounts Yr.3

Opening Bal.                                        =                         3,750

For the Year (215000*2%)                   =                          4300

Write-off                                                =                        -2100

Closing Balance (3750+4300-2100)  =                        5950

Account Recievable For Yr.3

Opening Bal.                                        =                         61000

Sales For the Year (215000*2%)         =                          215000

Provision For the Year                         =                        -4300

Cash Recived from Debtors                =                        218000

Closing Balance                                   =                        53700

Net Realizable Value of Recievables

Closing Debtors                                    =              53700  

Closing Provision                                  =              -5650

Net Realizable Value                             =             47750

C) Collectible Amount              

Provision For the Year                          =            4300

Previously writte of recoverred          =            -500

Total bad debts for the year                 =            3800    

5 0
3 years ago
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies sug
wlad13 [49]

Answer:

The present yearly net operating income or loss is  - $90,000

Explanation:

The computation of present yearly net operating income or loss is shown below:

Net income / Net loss = Sales - Variable cost - Fixed cost

The sales - variable cost is equal to contribution

Than, Contribution - fixed cost = net income

where,

Sales = Present Sales volume × Selling price

         = 15,000 × $70

         = $1,050,000

Variable cost = Present volume × Variable cost per unit

                     = 15,000 × $40

                     = $600,000

And, fixed cost = $540,000

So, net income / loss = $1,050,000 - $600,000 - $540,000

                                   = - $90,000

Hence, the amount shows negative which means the company has suffered a loss of $90,000

Thus, the present yearly net operating loss is  - $90,000

8 0
3 years ago
How is Change Management related to Baselining?
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Answer:

hope it helps..

Explanation:

Change management is an important part of project management in which the original project plan, represented by the baseline, is used to measure and assess project execution. ... The initial baseline is created by copying the data from the project after the project plan is completed, prior to starting.

8 0
4 years ago
What is the only bone in the human body not connected to another bone?
Gemiola [76]

Answer:

Hyoid bone

Explanation:

The hyoid is anchored by muscles from the anterior, posterior and inferior directions, and aids in tongue movement and swallowing.

4 0
3 years ago
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