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3 years ago

A(n) ________ industry is one that is characterized by a large number of firms of approximately equal size.

1 answer:

8 0

An fragmented industry is one that is characterized by a large number of firms of approximately equal size. fragmented industry is the large of the share and market to be able to influence the industry direction. fragmented industry in individual owner and individual business are used.

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Mary dislikes having to convince prospective customers to buy products that she believes are inferior to others in the market. h

faltersainse [42]

The inconsistency described above is known as cognitive dissonance. It is a theory that describes the tendency of an individual to find consistency of the cognitive functions. When this is not met, some behaviors and attitudes are to be changed in order to eliminate the inconsistency.

3 0

3 years ago

Crane Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on lar

Novay_Z [31]

Answer:

The company should replace the equipment.

Explanation:

The cost analysis is calculated as follows;

Retain Replace Net Income

Equipment Equipment Increase (Decrease)

Operating expenses $146,400 0 $146,400

($24,400*6)

Repair costs $39,000 0 $39,000

Rental revenue 0 -$60000 $60,000

($10,000*6)

New machine cost 0 $166,500 -$166,500

Sale of old machine 0 -$24,500 $24,500

Total cost $185,400 $82,000 $103,400

From the calculation above, the equipment should be replaced as it incur a lesser cost compare to when it is retained.

8 0

3 years ago

What market structure has many relatively small buyers and sellers, a standardized product, good information to both buyers and

Ganezh [65]

Answer:

Perfect Competition

Explanation:

Perfect competition is a market characterized by many buyers and sellers that have full information and faces no barrier in entry and exit of the markets. It is the ideal form of market structure where competition is at is greatest possible value. The numerous buyers and sellers are engaged in trade of a homogeneous good in the market. It is also characterized by no long run economic profit and no control over prices.

5 0

3 years ago

Read 2 more answers

Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-st

Katarina [22]

Answer:

MULTI-STEP

Sales Revenue 96,948.00

Sales commissions (8,428.00)

Net Sales 88,520.00

COGS (61,018.00)

Gross Profit 27,502.00

Depreciation (11,336.00)

Delivery Expense (3,138.00)

Salaries expense (5,348.00)

Operating Income 7,680.00 

Rent revenue 17,678.00

Interest expense (2,308.00)

Non-Operating 15,370.00

Earning Before Taxes 23,050.00

Income Tax (9,518.00)

Net Income 13,532.00

Shares 40,550

EPS 0.33

ONE-STEP

Sales Revenue 96,948.00

Sales commissiones (8,428.00)

Net Sales 88,520.00

COGS (61,018.00)

Gross Profit 27,502.00

Rent Revenue 17,678.00

Depreciation (11,336.00)

Delivery Expense (3,138.00)

Salaries expense (5,348.00)

Interest expense (2,308.00)

EBT 23,050.00

Income Tax (9,518.00)

Net Income 13,532.00

Explanation:

The multi-steps calcualte the operating income and the non-operating income (from other activities and interest which aren't directly linked to the main activity of the company) While the one step just calcualte directly through earnings before taxes after solving gross profit.

6 0

3 years ago

Read 2 more answers

1. Descriptive research is conducted for all of the following reasons except ________. a. to describe the characteristics of rel

Softa [21]

Answer: c. To understand which variables are the cause and which variables are the effect of a phenomenon

Explanation:

The options include:

a. To describe the characteristics of relevant groups, such as consumers, salespeople, organizations, or market areas

b. to determine the degree to which marketing variables are associated

c. to understand which variables are the cause and which variables are the effect of a phenomenon

d. to determine the perceptions of product.

Descriptive research simply refers to a research type that is used in the description of a population that the researcher is studying.

It simply answers questions such as when, what or how in the research. The subject of the research is being described here.

From the options given, we should note that the descriptive research isn't conducted to understand which variables are the cause and which variables are the effect of a phenomenon.

5 0

2 years ago