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alex41 [277]
3 years ago
11

Bart works as an accountant for Good Times Restaurant. He is responsible for not only keeping the books current but also for mak

ing daily bank deposits for Good Times. Bart has been struggling financially, so he decides to put some of the daily bank deposits for Good Times into his personal account, instead of the bank account of Good Times. Every day, for one month, he takes ten percent of the cash receipts from Good Times and deposits them into his personal checking account. When the manager of Good Times discovers what Bart is doing, she contacts the police, and Bart is arrested. Bart can be found guilty of:____.
a. robbery.
b. larceny.
c. hacking.
d. embezzlement.
Business
1 answer:
GenaCL600 [577]3 years ago
7 0
Embezzlement. He is taking (stealing) asserts that we’re entrusted to him. Bad Bart!
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An important similarity between a monopolistically competitive firm and a purely competitive firm is that:_________-a. realize a
marusya05 [52]

Answer:

a. realize an economic profit in the long run.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

Hence, one of the ways in which some monopolistic competitors try to become more like monopolists is through the use of designer labels.

This ultimately implies that, when there are barriers to entry it may result in monopolistic competition among the sellers of goods having no close substitutes. These barriers consist of economies of scale, network externalities, copyright law, trademark, patent, governmental policies etc.

In a purely competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a purely competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

An important similarity between a monopolistically competitive firm and a purely competitive firm is that realize an economic profit in the long run and these profits tends toward zero as both firms continue in the market.

6 0
2 years ago
A firm considers its regular warranty liability to be an existing liability of uncertain amount. At year-end, the firm estimates
kakasveta [241]

Answer:

$40 and $20

Explanation:

Based on the information provided within the question it can be said that in this scenario there would be two sets of standards. The first would be the international accounting standards which recognizes the midpoint of the range, which in this case is $40. While the second is the U.S standard which recognizes the low point of the range, which in this case is $20.

5 0
2 years ago
Read 2 more answers
The time it takes for a new policy to register its full impact on the economy after it has been put in force is known as the
Elan Coil [88]

The answer is effectiveness lag. The effectiveness lag is where the desired result that they are waiting for is based on the amount of time that it would take in terms of the monetary policies or the fiscal effect to produce.

7 0
3 years ago
You are offered a chance to buy (cash outflow) an asset for $200,000 that is expected to produce cash inflows of $100,000 at the
madreJ [45]

Answer:

15.65%

Explanation:

The computation of the internal rate of return is shown below:

Given that

Years        Cash outflow/ cash inflow

0                 -$200,000

1                   $100,000

2                 $77,000

3                  $52,000

4                 $40,000

The formula is

= IRR()

AFter applying the above formula, the internal rate of return is 15.65%

7 0
2 years ago
Which of the following statements is NOT CORRECT? a. Sunk costs are the costs associated with "the road not taken". They represe
Ann [662]

Answer:

A

Explanation:

Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered in making future decisions.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity costs are costs associated with "the road not taken".

An example of opportunity cost : you quit your job where you ern $50,000 to start your business. the opportunity cost of starting your business is $50,000 - your salary that you would be forgoing to start your business

6 0
3 years ago
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