Answer and Explanation:
Direct competition is a type of competition where two or more businesses offers the same kind of product and compete in the similar market.
The examples like dominos versus pizza hut in terms of food, HP versus Dell in terms of laptop
So in this examples they sell the same kind of products and compete each other
Answer:
SANDHILL CO.
Income Statement
For the Year Ended April 30, 2022
<u>Revenues</u>
Sales revenue $6,200
<u>Expenses</u>
Cost of Goods Sold $1,000
Depreciation expense $315
Income tax expense $175
Insurance expense $360
Interest expense $460
Salaries & Wages expenses <u>$850</u>
Total Expenses <u>$3,160</u>
Net Income <u>$3,040</u>
<u />
SANDHILL CO.
Retained Earnings Statement
For the Year Ended April 30, 2022
Retained Earnings, May 1, 2021 $1,700
Add: Net Income <u>$3,040</u> $4,740
Less: Dividends <u>$310 </u>
Retained Earnings, April 30, 2022 <u>$4,430</u>
Answer:
The statement is not an express warranty, because it doesn't involve a negotiation of terms between Salazar and Mitsubishi. It is an employee of the company that imploy Salazar to bring the car should the car gives problem, and didn't involve an agreement between the two parties ( Salazar and Mitsubishi)
Explanation:
What is express warranty?
An express warranty arises from the parties’ negotiations in a sales transaction. Express warranties are often included in the written terms of a contract. An “express” warranty by a seller is created by:
Any statement of fact or promise relating to the goods sold which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the statement or promise.
Any description of the goods sold which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the description.
Any sample or model, which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the sample or model.
An express warranty may be created even if the seller does not use formal words such as “warranty” or “guarantee,” and even if the seller does not have a specific intention to make a warranty. However, an express warranty is not created merely because the seller makes a statement as to the value of the goods, or as to seller’s opinion of the goods. Generally, statements made by a seller during the course of contract negotiations are treated as statements of fact, unless it can be shown that the buyer could only have reasonably considered the statement to be an opinion.
Answer and Explanation:
The computation is shown below:
TC = 25 + q^2
Now
Marginal cost is
= dtc ÷ dQ
= 2q
Average variable cost (AVC) = q
We Assuming perfect competition so there is a free entry so no profits
Therefore
ATC = P
ATC = TC ÷ q
= q + 25 ÷ q
Now
MC = MR = P = ATC
2q = q + 25 ÷ q
q = 25 ÷ q
q^2 = 25
So, Quantity per firm = q = 5
Now
P = MC = MR = ATC
= q + 25 ÷ q
= 5 + 25 ÷ 5
= 5 + 5
= 10
hence, equilibrium price is 10
Now
Q = 35 - P
= 35 – 10
= 25
Hence, Market quantity (Q) = 25
And, the number of firms i.e n
N = Q ÷ q
= 25 ÷ 5
= 5
Answer:
The correct answer is: disabilities, sexual orientation, religious preferences, and even personality differences such as extroverts and introverts.
Explanation:
Diversity refers to the difference, the existence of the variety or the abundance of things of different characteristics. The term comes from the Latin language, from the word "diversitas".
The concept of diversity is applicable in many and of the most different cases, for example it can be applied to the different living organisms, to the different ways of applying techniques, to the diversity of individual choices, among others. Below we explain some forms of diversity.
There are different types of diversity:
Biodiversity or biodiversity.
Cultural diversity.
Sexual diversity
Functional diversity.
Ethnic diversity.
Linguistic diversity.
