During this week of low production, the price for pallets does not change at all. Given this observation this firm likely faces Oligopoly. Below is further explanation on Oligopoly.
What is Oligopoly?An oligopoly is a market featured by a small number of firms who realize they are interdependent in their pricing and output policies. The number of firms is small enough to give each firm some market power.
Therefore, the correct answer is Oligopoly.
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On January 1, $68,000 cash is borrowed from a bank in return for a 6% installment note with 24 monthly payments of $3,014 eac
(Round your answers to the nearest whole dollars.)
1. Prepare the journal entry to record the issuance of the note.
2. Prepare the
journal entry to record the first monthly interest payment.
View transaction list
Journal entry worksheet
Answer:
bro is this even a question
Explanation:
I don't know if I'm slow or if their is no question
Interest expense debit $340 note payable account debit $2, 674 cash account credit $3,014 is the entry for the first-month entry to payment.
What is the difference between account payable and note payable?Accounts payable are short-term liabilities incurred for purchases made with suppliers and merchants on credit. Long-term liability accounts known as notes payable are incurred as a result of funding provided by banks and other lending institutions.
Cash 68,000
Notes Payable 68,000
(Issuance of installment note)
For the first monthly payment, $68,000 is the initial amount borrowed and the interest rate is 6% per annum or 0.5% per month. Therefore, the interest portion of the payment is: Interest Expense = Outstanding Balance x Interest Rate
= $68,000 x 0.005
= $340
The remaining amount of the payment is applied towards reducing the outstanding balance: Payment = Installment Amount - Interest Expense
= $3,014 - $340
= $2,674
The journal entry to record the first monthly interest payment is:
Interest Expense 340
Notes Payable - Current Portion 2,674
Cash 3,014
(Record first monthly payment)
Thus, The "Notes Payable - Current Portion" account represents the portion of the note that is due to be paid within the current year (i.e. within the next 12 months).
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8) If the GDP of the economy is lower than the equilibrium GDP,
a) Inventories would fall below the desired level and thus firms increase their production.
b) Inventories would be above the desired level and thus firms increase their production.
c) Inventories would fall below the desired level and thus firms decrease their production.
d) Inventories would be above the desired level and thus firms decrease their production.
If the GDP of the economy is lower than the equilibrium GDP d) Inventories would be above the desired level and thus firms decrease their production.
What is Gross domestic product (GDP)?Gross domestic product (GDP) serves as the monetary value that can be attributed to all finished goods and services in a country.
Therefore, once there is low , firms will decrease their production because inventory will be high.
made within a country during a specific period. GDP provides an economic snapshot of a country,
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(Related to Checkpoint 6.4) (Present value of a perpetuity) What
is the present value of a $
4,500 perpetuity discounted back to the present at
13 percent?
The present value of $4,500 perpetuity discounted at 13% is $34,615.38.
What is the present value of perpetuity?A perpetual annuity is a series of equal and indefinite cash flows.
The formula for calculating the present value of a perpetuity is:
Periodic cash flow/interest rate
Data and Calculations:Perpetual annuity = $4,500
Discount rate = 13%
Present value of the perpetuity = $34,615.38 ($4,500/0.13)
Thus, the present value of $4,500 perpetuity discounted at 13% is $34,615.38.
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A hotel company that starts to sell the same linens and accessories on line that are found in the hotel is using
which of the following strategies to keep up revenue in the maturity stage?
O product modification
O brand extension
O marketing mix modification
O market modification
Answer:
Brand Extension
Explanation:
Just took the test and passed.
Courses that are at the college level and require an exam to evaluate student achievement level are called
Advanced Placement® courses
career and technical education courses
dual enrollment courses
International Baccalaureate® courses
Courses that are at the college level and require an exam to evaluate student achievement level are called Advanced Placement courses
What is an Advanced Placement course?Advanced Placement courses are also known as AP courses that give students the chance to undertake a college assessment.
In summary, AP exams are used to ascertain the level of preparedness of students for college.
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Answer: A
Explanation:
The College Board Advanced Placement® (AP) Program offers more than 30 college-level courses, each with an exam to evaluate the level of student achievement in that subject. Students who earn a score of 3 or higher on an AP Exam might earn college credit.
Tony's Pizza's production function is shown in the table below.
Output (pizzas per day)
Labor
(workers) Plant 1 Plant 2 Plant 3 Plant 4
1 8 11 13 14
2 18 22 24 25
3 26 30 33 35
4 31 36 40 43
5 34 40 45 50
6 35 42 48 54
7 33 40 47 54
Ovens 1 2 3 4
FACULTY OF COMMERCE, MANAGEMENT AND LAW
Page 14 of 14
a) Suppose Tony operates Plant 2. He hires 2 workers and produces 20 pizzas a day. Is the pizzeria
technologically efficient? Why or why not? (5 marks)
b) Suppose Tony operates Plant 1. He hires 2 workers and produces 18 pizzas per day. Is Tony's
Pizza technologically efficient? Why or why not? Can Tony increase production to 22 pizzas a day
in the short run? If yes, how? (10 marks)
c) Suppose Tony operates Plant 3. What is the marginal product of labor when the fourth worker is
hired? When operating Plant 3, does Tony experience diminishing marginal returns? Explain.
(10 marks)
d) Suppose Tony currently uses Plant 3. Can he increase production from 40 to 50 pizzas per day in
the short run? In the long run? If yes, how? (5 marks)
A technological efficiency is achieved, when a given output achieves the maximum possible output.
Why the pizzeria is technologically efficient?
a) Suppose Tony operates Plant 2. He hires 2 workers and produces 20 pizzas a day. Is the pizzeria technologically efficient? Why or why not?
The firm is not technologically efficient. The production function shows that with 2 ovens and 2 workers it is possible to produce 22 pizzas a day.
b) Suppose Tony operates Plant 1. He hires 2 workers and produces 18 pizzas per day. Is Tony's Pizza technologically efficient? Why or why not? Can Tony increase production to 22 pizzas a day in the short run? If yes, how?
Tony's Pizza technologically efficient. The production function shows that 18 pizzas is maximum output that 2 workers can produce with 1 oven. Tony can increase production to 22 pizzas per day in the short run by hiring more labor.
c) Suppose Tony operates Plant 3. What is the marginal product of labor when the fourth worker is hired? When operating Plant 3, does Tony experience diminishing marginal returns? Explain.
When the 4th worker is hired, the marginal product of labor is the change in output, 40 pizzas-33pizzas= 7 pizzas, divided by the change in the labor input, 1 worker. So, the marginal product of labor for the 4th worker is 7 pizzas per day.
Tony experiences diminishing marginal returns because the marginal product of labor diminishes as more workers are hired.
d) Suppose Tony currently uses Plant 3. Can he increase production from 40 to 50 pizzas per day in the short run? In the long run? If yes, how?
If Tony uses Plant 3, he cannot increase production from 40 to 50 pizzas per day in the short run. The short-run production function for plant 3 shows that the maximum output that the firm can produce with this plant is 48 pizzas per day.
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How vape advertisers target teens and children?
Answer:
Explanation:
children or teens who see other people having vapes at there age they might want one too.
This market structure has a single seller.
A. an oligopoly
B. perfect competition
C. a monopoly
D. monopolistic competition
Answer:
c. monopoly
Explanation:
mono in ancient Greek means alone, therefore implying that monopoly means singular.
This is your first month working as a bookkeeper and you notice a discrepancy when trying to reconcile the bank statement to the book balance. There is missing check listed on the bank statement not recorded on the books. You bring this concern to your supervisor, and she responds that the accounting manager needs it done asap and to force it to reconcile. How would you handle this situation.
Please help!!
Declaring bankruptcy has a negative effect on your credit report and it stays on your report for ____ years.
10
1
50
Forever
Answer:
D or Forever
Explanation:
In the case of predatory pricing schemes, who is the prey?
OA. the wholesalers
OB. the competitors
OC. the distributors
OD. the regulators
Competitors. Firms join an union and set market prices below their costs, even if they lose money in the short term because they are driving out competitors.
What exactly is a predatory pricing strategy?Prices are set low in a predatory pricing system in order to drive out competitors and create a monopoly.
Consumers may benefit in the short term from cheaper costs, but they will suffer in the long run if the programme succeeds in removing competition, which would result in higher prices and a reduction in choice.
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30 points question is easy
30 points question is easy
so?
If you put money into a compound interest account with 7.2% interest rate how many years will it take to double your money?
Answer:
It would take 2 years
Explanation:
7x2=14 witch is the 7.2% interest rate so it would take two years 2 double your money
On July 1, a company receives an invoice for $800 with the terms 1/10, net 30. On July 15, the payment should be $692 $790 $792 $800 $808
The payment to be received on July 15 should be equivalent to $800.
What are payments?The amount received for the purpose served or promised to be served by a seller is known as a payment. Generally, discounts are offered for making early payments.
The discount offered for a period of 30 days cannot be redeemed for payment done within 15 days.
Thus, option D holds true that the payment of $800 shall be received on July 15.
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Is the amount of one product that must be given up in order to produce an additional unit of another product?
The amount of one product that must be given in order to manufacture an additional unit of another product is referred to as Opportunity Cost.
What is an opportunity cost?The opportunity cost of a particular activity choice refers to the loss of value or benefit that could be incurred through conducting that activity, relative to accomplishing an alternative activity offering a better return in value or gain.
Hence, Opportunity Cost refers to the amount of one product that must be given in order to manufacture an additional unit of another product.
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what is required when opening up a checking account?
A. copy of your last paycheck.
B. initial deposit.
C. salary.
D. credit card.
Answer:
B.
Explanation:
because you need a minimum of $25 to activate an account
When considering the education and training a career requires you must be aware of _____.
a. the amount of time it will take
b. the amount of money it will take
c. the amount of effort it will take
d. all of the above
Please select the best answer from the choices provided A B C D
Answer:
The answer is simply D because all of these options happen during this period.
Explain how passengers benefited from the competition in South Africa.
The passengers benefited from the competition in South Africa by the deregulation as it included the variety of the airlines in the domestic countries.
what is deregulation?Deregulation refers to the removal of the restrictions on any particular industry. The south Africa deregulated the airlines industries.
They were immensely benefited with removal of the restrictions through very low fares rate of the airlines in the domestic countries and by this decision the monopoly of any particular industry was removed.
Thus the passengers were greatly benefited by the deregulation of the airlines industries.
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[tex]\fbox\color{cyan}{Question}[/tex]
What is the difference between micro and macroeconomics?
[tex] \small \red{\boxed{{\colorbox{white}{ANSWER}}}} [/tex]
microeconomics
Macroeconomics seeks to find a general perspective, at a national level,
micro
while microeconomics focuses on the individual's perspective, at a consumer level.
that's my answer
A cash book is a
A. journal
B. ledger
C. Both journal and ledger
D. None of the above.
Answer:
both journal and leadger
Answer:
Both Journal as well as ledger
Explanation:
Cash book acts as both Journal and ledgerCashbook registers the transactions for first time so it works as journal.Then it transfers them to ledger accounts by saving itOption C
Which of the following account should not be entered in the debit side of the Trial balance?
A. Insurance A/c
B. Capital A/c
C. Debtors A/c
D. Rent A/c
Correct answers will be MARK AS BRAINLIEST
Don't answer if you don't know
Answer:
Debtors
Explanation:
Debts can be added but debtors can't
Trial list is the list of all balances of an individualRent is his balanceCapital A/c is also hisInsurance is also hisDebtots account is not of any use
So option C is correct
If an increase of oil prices leads to the overall price of goods to rise, what type of inflation is a
likely cause?
O
Deflation
o Hyperinflation
o Cost-push inflation
o Demand-pull inflation
h
When an increase in oil prices results in the overall rise in the price of goods then cost-push inflation is likely to occur. Thus the correct answer is B.
What is inflation?When the prices of goods and services increase over the duration of time affecting the purchasing capacity of an individual is referred to as inflation.
When prices of goods and services increase as a result of growing manufacturing and raw material costs, this is referred to as cost-push inflation. Supply-side variables like rising wages and costs create cost-push inflation.
Therefore, option B cost-push inflation is the appropriate answer.
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how do you make a lot of money fast
please help i have none
Answer:
you gottaa start working and saving up
Explanation:
40 points fast easy question. ………….
Please help!!
If you accidentally forget to pay your credit card bill, you should immediately call a credit reporting agency instead of the credit card company to avoid paying a late fee.
True
False
Answer:
false
Explanation:
An overlooked bill won't hurt your credit as long as you pay before the 30-day mark, although you may have to pay a late fee.
A business sells goods to customers value Gh¢3,240
plus VAT at 17.5%. How much will the customer pay
for the goods including VAT?
The amount paid by the customer when a business sells goods to customers value Gh¢3,240 plus VAT at 17.5% is Ghc3807.
How to calculate the amount?From the information given, a business sells goods to customers value Gh¢3,240
plus VAT at 17.5%.
The amount paid by the customer will be:
= 3240 + (17.5% × 3240)
= 3240 + 567
= 3807
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Why do you think it is important to start exploring careers in middle school?
Answer:
Career exploration gives young students more time to understand the working world, so they can prepare for success. Once they discover their potential career, they can set realistic goals and work towards that job. They may be more open to talking to guidance counselors or people working in the field.
On January 1, 2021, Fargo corporation purchase a significant influence shares investment in Concord corporation for $250,000. This investment balance represents 30% of the equity of the Concorde corporation. During 2021, Concord corporation reported net income of $60,000 on November 15, 2021 Concord corporation paid cash dividends of 25,000 to its shareholders. Using this information what is the 2021 year and balance in Fargo corporations investment in Concord corporation account
The year-end balance in Fargo Corporations in 2021 Investment will be, 258000.
Amount paid for investment= 250000
Add: Share of net income = 60000*30%
= 18000
Less: Dividends received = 25000*40%
= 10000
What is year-end balance?Year-end adjustments are changes that need to be made to the balance sheet and profit and loss statement in order to ensure that the year-end reports are an accurate reflection of the company's accounts.
The year-end closing process identifies any balances or deficits on the company's books, which are then carried over into the new fiscal year.
Thus, 2021 year-end balance in Fargo Corporations Investment will be, 258000.
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When would your credit card company charge you an overlimit fee?
A. When you take a cash advance on your credit card
B. When you pay your bill late
C. When you transfer the balance from one credit card to another
D. When you charge more than your current credit limit
Which of the following characteristics are not associated with perfect competition?
i) Influence over market price.
ii) Product differentiation.
iii) Complete information.
iv) Agreements between sellers to control supply.
v) Economic profit in the long ru