Answer:
Monopoly
Oligopoly
monopolistic competition
Perfect competition
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
examples of monopolistic competition are restaurants
A monopoly is when there is only one firm operating in an industry. there is usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is an utility company
An oligopoly is when there are few large firms operating in an industry. there is high barriers to entry and exit of firms
Answer:
The argument that the higher courts had decided the cases of similar facts and circumstance in such a way that he can expect that the court rules in his company's favor is a valid argument. The argument is based on the doctrine of stare decisions. The meaning of the doctrine stare decisions is to stand on decided cases. It is a common practice to decide the case based on the former decisions of the judicial systems. It is a set principle that if the court of higher rank has set a precedent then lower court must adhere to it. Therefore, this argument is a valid argument.
The courts are bound to follow the rule set by its higher authority. However, it is not always necessary to obligate its precedents and sometimes, the court can depart from this rule. This could be done only in the circumstances where it is found that the precedent is simply incorrect or due to social changes or technological changes made the precedent inapplicable. Therefore, the court in this case can not necessarily be ruled as the other courts had done.
Answer:
b. $87000
Explanation:
The book value is the value of an asset after deducting accumulated depreciation and fair value of an asset is the market-driven value of the asset which in most cases is the real value.
Accounting to IAS 16 (Property, plant and equipment) non-current assets should be recorded either the cost model or the revaluation model but since market-driven values are more relevant and reliable entities opt to record their assets at fair value . Secondly Fair Value Accounting requires entities to use market values as a basis for recording certain assets.
In this case the fair value of the asset is greater than the book value. Therefore, asset received by Carla Vista Co. is recorded at fair value (i.e at $87000).
Answer:
It allows you to convince your clients: Prototypes allow you to sell your idea and can be tools for your most demanding clients. Experiencing a beta version of the website or app is invaluable, both for you and your customers, as they can view your ideas live.
Explanation:
Answer: 6956,27
Explanation:
This is a case of multiple cash flow. The future value is the sum of Cash Flows of each period. And each cash flow must be updated with the corresponding discount rate.
So we have to add the future value of each individual cash flow to determine the future value of the investment in Year 4.
<em>(Calculations can be seen in the attached).</em>
