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professor190 [17]
2 years ago
12

The basis of competition is freedom of ______ exercised in the pursuit of ______.

Business
1 answer:
Mazyrski [523]2 years ago
8 0

The basis of competition is freedom of choice exercised in the pursuit of money.

<h3>What is competition?</h3>

Competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements.

The purpose of competition is for businesses to try to outdo each other in order to earn more.

Also, competition enable businesses come up with newer ways to please their customers, hence come up with amazing innovative ideas and better products.

Hence, the basis of competition is freedom of choice exercised in the pursuit of money.

Learn more about economic competition here : brainly.com/question/967467

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Henry Jones contributed equipment, inventory, and $57,300 cash to a partnership. The equipment had a book value of $27,800 and m
Oliga [24]

Answer:

A. $86,900

Explanation:

Henry’s capital account will be credited by the amount of $86,900. See computation below.

Cash $57,300

Equipment 34,100

Inventory 10,400

Note payable (14,900)

————

Total $86,900

*Both the equipment and the inventory will be recorded on partnership’s book at fair market value at the time of contribution.

*The partnership may absorb the obligation if it is associated with an asset contributed by partner. Thus, it will be deducted to his capital account as contribution to the partnership.

3 0
3 years ago
Rudyard Corporation had 110,000 shares of common stock and 11,000 shares of 7%, $100 par convertible preferred stock outstanding
Burka [1]

Answer:

$2.73

Explanation:

<em>Diluted Earnings Per Share = Earnings Attributed to Common Stockholders ÷ Weighted Average Number of Common Stockholders Outstanding</em>

where,

Earnings Attributed to Common Stockholders = $420,000

and

Weighted Average Number of Common Stockholders Outstanding = 110,000 + (11,000 x 4) = 154,000

therefore,

Diluted Earnings Per Share = $420,000 ÷ 154,000 = $2.73

Conclusion

Rudyard's diluted EPS is $2.73

7 0
2 years ago
Apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology.
Vikki [24]

Answer:

Appropriate Terminology

a. If Kevin's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions supplied, you would advise your coworker to construct -------- using the data provided.

bar chart or histogram

b. However, if Kevin's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that a -------- would be more appropriate.

table

Explanation:

A bar chart or graph represents categorical data with rectangular bars.  It can be used to visualize data distributions, compare data groups, and to track periodic changes in data.  Tables are versatile organization tools that can communicate information with or without the use of other graphical tools.

4 0
2 years ago
At December 31, 2021, Moonlight Bay Resorts had the following deferred income tax items: Deferred tax asset of $102 million rela
masha68 [24]

Answer:

Moonligh Bay Resorts will report a Non-current liability of $126 million

Explanation:

The question is to determine whether Moonlight Bay Resorts is to report an asset (current or non-current) or a liability (current or non-current) in its December 31st 2021 Balance Sheet

The step is to determine the classification of the items in the balance sheet

This is done as follows

Description                                                                           Amount ($)

Total Deferred Tax liability (168 million + 120 million)        288 million

(Deferred tax liabilities related to

both current and non-current assets)

Total Deferred tax asset (102 million + 60 million)              (162 million)

The net deferred tax liability                                               126 million

Since, under the International Financial Reporting Standards Deferred Tax Liability is a Non-current liability, it means <u>Moonligh Bay Resorts will report a Non-current liability of $126 million</u>

7 0
3 years ago
A salamander relies on hydrogen bonding to stick to various surfaces. therefore, a salamander would have the greatest difficulty
Leni [432]

A salamander relies on hydrogen bonding to stick to various surfaces. therefore, a salamander would have the greatest difficulty clinging to a <u>surface of hydrocarbons</u><u>.</u>

<h3>What is a hydrogen bonding?</h3>

It refers to the interaction involving a hydrogen atom located between a pair of other atoms having a high affinity for electrons, such bond are weaker than an ionic bond or covalent bond but stronger than van der Waals forces.

They can exist between atoms in different molecules or in parts of the same molecule. One atom of the pair such as a fluorine, nitrogen or oxygen atom, is covalently bonded to a hydrogen atom whose electrons it shares unequally.

Read more about hydrogen bonding

brainly.com/question/12798212

#SPJ1

4 0
1 year ago
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