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3 years ago

What characteristic is somewhat shared by perfect competition and

Business

1 answer:

kakasveta [241]3 years ago

8 0

Answer:

Ease of entering

Explanation:

The main difference between perfect competition and monopolistic competition is that firms sell a similar product in perfect competition. In monopolistic competition, firms sell differentiated products.

In both market structures, their many seller and buyers. There is the ease of entry and exit for suppliers. In both markets, there are no dominant suppliers.

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Riley operates a plumbing business, and this year the three-year-old van he used in the business was destroyed in a traffic acci

Mnenie [13.5K]

Answer:

$4,600

Explanation:

Data provided in the question:

Purchasing cost of the van = $20,000

Adjusted basis = $5,800

Worth of the van at the time of accident = $6,000

Insurance reimbursement = $1,200

Now,

The amount of Riley's casualty loss deduction will be

= Adjusted basis - insurance reimbursement

Amount of Riley's casualty loss deduction = $5,800 - $1,200

Amount of Riley's casualty loss deduction = $4,600

3 0

3 years ago

How long will it take for the dollar's purchasing power to be 3/4ths of what it is now, if the general inflation rate is expecte

vaieri [72.5K]

Answer:

5.61 years

Explanation:

Let the Present value be 'x'

Data provided in the question:

Future value = $\frac{3}{4}x$

Inflation rate, i = 5% = 0.05

Now,

Using the compounding

let number of years be n

thus,

Future value = Present value × [ 1 - inflation rate ]ⁿ

$\frac{3}{4}x$ = x × (1 - 0.05)ⁿ

0.75 = 0.95ⁿ

on taking log on both the sides , we get

log(0.75) = n × log(0.95)

-0.125 = n × (-0.0223)

n = 5.61 years

or, n = 11.89 years

8 0

3 years ago

List at least 6 things your credit card company must clearly disclose to consumers.

never [62]

It is important to review the credit card disclosure for information on APRs, Penalties, Grace periods, Minimum financing charges, Calculation methodologies, and Fees.

An explanation of all the fees, charges, interest rates, and conditions that a consumer can encounter when using the credit card is contained in a credit card disclosure. The legislation requires disclosure of this information by organizations that provide credit cards. The disclosures on credit cards offer clear information about costs and charges. They also encourage rivalry. To allow consumers to evaluate credit cards more effectively, it is legally necessary of all credit card companies to give the same price information. They can pick the one that better serves their tastes in terms of price.

The interest rate that a client will pay on outstanding balances is the most obvious example of a cost listed on a credit card disclosure. Basic elements like the monthly payment deadlines will also be covered in the disclosure.

Learn more about Credit Card here:

brainly.com/question/28800758

#SPJ4

8 0

1 year ago

Your venture has net income of $600,000 taxable income of $1,000,000 operating profit of $1,200,000 total financial capital incl

Butoxors [25]

Answer:

EVA = -$180,000

Explanation:

given data

net income = $600,000

taxable income of $1,000,000

operating profit = $1,200,000

total financial capital = $9,000,000

tax rate = 40%

WACC = 10%

solution

we get here EVA that is express as

EVA = NOPAT - Invested Capital × WACC ..................1

and here

NOPAT = EBIT × ( 1 - Tax Rate ) .........2

put here value

NOPAT = operating profit × (1 - Tax Rate)

NOPAT =$1,200,000 × (1 - 0.40)

NOPAT =$720,000

so put in equation 1 we get

EVA = NOPAT - Invested Capital × WACC

EVA = $720,000 - $9,000,000 × 10%

EVA = -$180,000

3 0

3 years ago

3.63 cubic yards + 1.53 cubic yards

Lady_Fox [76]

5.16 cubic yards is the answer.

6 0

3 years ago