A market structure in which many firms sell products that are similar but not identical is known as.

On January 1, 2019, Oriole Company purchased the following two machines for use in its production process.

Zarrin [17]

Answer and Explanation:

The journal entries are shown below:

1 Equipment $53,420

To Cash $53,420

(Being the equipment is purchased for cash is recorded)

The computation is given below:

= Cash price of machine + sales tax + shipping cost + insurance during shipping + installation and testing cost

= $49,500 + $3,650 + $100 + $60 + $110

= $53,420

2. Depreciation expense $9,614

To Accumulated Depreciation - Equipment $9,614

(Being the depreciation expense is recorded)

The computation is shown below:

= ($53,420 - $5,350) ÷ ( 5 years)

= $9,614

5 0

3 years ago

When producers receive a subsidy, sellers receive a:

Vesnalui [34]

Answer:

b. lower price than the pre-subsidy equilibrium, and buyers pay a lower one.

Explanation:

A subsidy is a governments intervention in the form of cash or tax cuts. The government offers subsidies to producers to motivate them to produce more or to lower their cost of production. As a result, there will be more products in the market or goods will be cheaper.

Equilibrium price refers to the price determined by the forces of supply and demand. It is the intersection of the demand and supply curve. It is the price that buyers are willing to pay for a certain quantity of a product; all other factors held constant.

Should a producer receive a subsidy, It will lower his cost of production. The producer's output will cost less. He can afford to offer sellers a lower price as a result of the subsidy. The traders will be able to sell the products in the market at a low price compared to a situation with no subsidy.

7 0

3 years ago

a segment should probably be dropped when the segment blank . multiple select question. has a positive segment margin but cannot

andrew11 [14]

A segment should probably be dropped when the segment has important side effects on other segments cannot cover its own costs. The correct option is B.

<h3>What is a segment margin?</h3>

The profit or loss generated by one component of a business is referred to as segment margin.

Segment margin only considers the segment's revenue and expenses.

By analyzing a company's strengths and weaknesses, segment margin can provide an accurate picture of where it is performing well and where it is not.

If a segment cannot cover its own costs, it should be dropped unless it has significant side effects on other segments.

Thus, the correct option is B.

For more details regarding segment margin, visit:

brainly.com/question/15357689

#SPJ4

5 0

2 years ago

An angry customer approaches a supermarket associate to complain. After hearing the complaint, what is the first thing the assoc

BaLLatris [955]

Answer: The associate should say something like " I understand why you feel that way. How can I improve or fix this situation for you?" and try to diffuse the situation. After the customer leaves, the supermarket associate should report this to the manager.

Hope this helps! :)

Explanation:

8 0

3 years ago

Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2013. The manufacturing cost

Taya2010 [7]

Answer:

b. $3,115,234

Explanation:

Opening Balance as on 01.01.2013 $21,000,000

Less: Payment of First Instalment on 01.01.2013 <u>$3,002,038</u>

Net Balance as on 01.01.2013 $17,997,962

Add: Interest at 9% up to 30.06.2013 $1,619,816

Less: Payment of 2nd instalment on 30.06.2013 <u>$3,002,038</u>

Balance as on 01.07.2013 $16,615,740

Interest at 9% up to 31.12.2013 $1,495,417

Total interest revenue to be reported on the lease during the calendar year 2013 = $1,619,816 + $1,495,417 = $3,115,234

7 0

3 years ago