Answer:
If Aquataste sticks to the agreement, Waterland has an incentive to renege on the agreement by producing 350 gallons because Waterland’s profits would then increase from $375 to $525.
Explanation:
If Waterland and Aquataste both produce 250 gallons each and charge $1.50 per gallon.
There would be 500 gallons in total, and the total revenue would be
$1.50 × 500 = $750
which when shared equally between Waterland and Aquataste would result in each of them getting $375 each.
But if Aquataste sticks to the agreement, Waterland has an incentive to renege on the agreement by producing 350 gallons, still charging $1.50 and Waterland’s profits would then be
$1.50 × 350 = $525
Hope this Helps!!!
Answer:
Every bloody thing About Kim jung un, makes ya feel angry.
Explanation:
That's the answer to a question not a question
thanks for the points I guess.
If you edit the question i'll answer in the ask for details part
Answer:
See explanation
Explanation:
If Blossom Company received on December 13 (Assuming perpetual inventory system was used), the journal entry to record the receipt -
Debit Cash $466,970
Debit Sales Discount $9,530
Credit Accounts receivable $476,500
Giving 2% discount to the customer after the sales return and allowances because the customer paid the amount within the terms 2/10, n/30.
As the customer failed to pay on December 13 and paid on January 2, the company did not receive the sales discount. And the following journal entry will be required -
Debit Cash $476,500
Credit Accounts receivable $476,500
After deducting the sales returns, Blossom company will receive the payment.
The answer is C. price fixing
