New technologies are allowing more women and young people to start businesses. This is mainly because

Suppose a market is initially perfectly competitive with many firms selling an identical product. Over time, however, suppose th

Elodia [21]

The merging of firms results in the market being served by only three or four firms selling this same product would lead to a decrease in market output and an increase in the price of the product. This is oligopoly

Initially if it is perfectly competitive it is almost impossible for other firms to enter. Now as it is said that if they do enter and they ultimately sell the same product they don't have any control on the price of the product. This is sometimes known as oligopoly, and they try to replace the product with close substitutes.

Oligopoly- An oligopoly is a market structure in which a small number of large sellers or producers dominate a market or industry. Oligopolies are frequently the result of a desire to maximize profits, which can lead to collusion among companies.

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3 0

1 year ago

Hank, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. In late December, he performed $

drek231 [11]

Answer: a. $14,000

b. $14,106

c. January

2. $15,535

Explanation:

a. If Hank sends the bill in December.

Tax rate is 30% this year.

Amount is $20,000

After Tax Income = 20,000 * (1 - tax)

= 20,000 ( 1 - 30%)

= $14,000

b. If Hank pays Next year

Tax rate is 33%

After tax return rate of 12%

Amount is 20,000

Tax = 20,000 * 33%

= $6,600.

Because this is next year, the present value of the tax needs to be computed for better comparison.

With an after tax return of 12%, the PV will be,

= 6,600 * PV factor ( 12%, 1 period)

= 6,600 * 0.893

= $5,894

The income therefore will be,

= $20,000 - 5,894

= $14,106

c. Hank should pay in January as he would make more income.

2. Tax rate is 25% next year and income is to be received next year.

Tax = 20,000 * 25%

= $5,000

PV of $5,000 = 5,000 * PV Factor (12%, 1 period)

= 5,000 * 0.893

= $4,465

After tax income = 20,000 - 4,465

= $15,535

5 0

3 years ago

Environmental Designs issues 4,000 shares of its $1 par value common stock at $15 per share. (1) Record the issuance of the stoc

prisoha [69]

Answer:

1 Cash $60000

Common Stock $4000

Additional Paid in Capital $56000

2 Cash $60000

Common Stock $60000

Explanation:

When stock issue at Market value the cash generated above the par value will consider as Additional Paid in Capital while cash common stock no par value it will consider as share issued at market value when share issued at no par value.

8 0

3 years ago

Brand managers know that increasing promotional budgets eventually result in diminishing returns. The first one million dollars

Virty [35]

Answer:

The Expected Awareness level for the next year will be 58%

Explanation:

In order to calculate the Expected Awareness level, first we have to calculate opening awareness level using the following formula:

Opening awareness level=Closing level−Decrease in awareness per year

=80%−(1/3×80%)

=80%−26.4%

=53.6%

After having calculated the Opening awareness level we can calculate the Expected Awareness level for next year with the following formula:

Expected Awareness level=Opening awareness level+Increase in level

=53.6%+5%

=58%

7 0

3 years ago

The decision to migrate is:

likoan [24]

Answer: The decision to migrate is an investment decision based on differences in earnings.

Explanation: Migration is the process of individuals moving from an original place to a new location in search of safer place or better income. A migration for better income is an investment decision that if successful would yield an increase in earnings for the individual.

4 0

3 years ago