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2 years ago

Which situation could be the best example of an oligopoly?

Business

2 answers:

AURORKA [14]2 years ago

5 0

Answer:

B. A new producer of a smart phone operating system is trying to enter the market but cannot because most cell phone makers use one of two popular operating systems.

Explanation:

I got it correct on Edg.

Darya [45]2 years ago

3 0

Answer:

The answer is most likely A. new producer of power tools has entered the market and is relying on low prices to attract consumers.

Explanation:

In an oligopoly, there is only a handful of companies operating in the industry and they all present similar types of goods and services (but they can differ too)

The goods and services are closedly priced in an oligopoly market. This means that the price between the goods offered by the companies in the market do not change much between the companies.

So a new manufacturerentering the market has to use a market penetration strategy and set the prices low.

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A professor records the majors of her 30 students as follows: Accounting Economics Undecided Finance Management Management Finan

vampirchik [111]

Answer: Nominal

Explanation:

When the Nominal measurement scale is used, it means the data was sorted into labels or names which is why it is sometimes referred to as Named data. For instance, sorting dogs in a park into their species i.e Husky, American Bull, German Shephard etc.

There is no quantitative value and usually there is no ordering method to this measurement scale.

The professor sorted her students according to their majors which in this case acted as labels so the Professor was using the Nominal measurement scale.

3 0

1 year ago

When you buy an e-book at Amazon, it uses ________ to recommend an e-book by a similar author within the same genre.

Anarel [89]

Answer:

The correct word for the blank space is: the purchases history.

Explanation:

Purchases history allows businesses to have an idea of what the preferences of its customers are or how they can change over time. It is a helpful tool firms can use to offer similar or complementary products that may be of interest to their customers and that may end up increasing the organization's revenues if the consumer makes the additional purchase.

8 0

1 year ago

Which investment has the least amount of risk?

exis [7]

Answer:

A. standard deviation = $500, expected return = $5,000

Explanation:

For analysis which investment involved the least amount of risk we need to determine the coefficient of variation i.e. shown below:

As we know that

Coefficient of variance = standard deviation ÷ expected return

A = $500 ÷ $5,000 = 0.10

B = $700 ÷ $500 = 1.40

C = $900 ÷ $800 = 1.125

D = $400 ÷ 350 = 1.143

As it can be seen that investment A has the leas amount of risk hence, the same is to be considered

5 0

1 year ago

Periodic inventory by three methods The beginning inventory for Midnight Supplies and data on purchases and sales for a three-mo

dybincka [34]

Answer:

1. We have:

Inventory on March 31 = $1,010,625

Cost of merchandise sold for the three-month period = $10,891,875

2. We have:

Inventory on March 31 = $881,250

Cost of merchandise sold for the three-month period = $11,021,250

3. We have:

Inventory on March 31 = $980,975.27

Cost of merchandise sold for the three-month period = $10,921,524.73

4. We have:

Details FIFO LIFO Weighted Average

$ $ $

Sales 19,875,000 19,875,000 19,875,000

Cost of Goods sold (10,891,875) (11,021,250) (10,921,525)

Gross Profit 8,983,125 8,853,750 8,953,475

Inventory, March 31 1,010,625 881,250 980,975

Explanation:

1. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system.

Note: See part 1 of the attached excel file for the determined inventory on March 31 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system.

From the part 1 of the attached excel file, we have:

Inventory on March 31 = $1,010,625

Cost of merchandise sold for the three-month period = $10,891,875

2. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system.

Note: See part 2 of the attached excel file for the determined inventory on March 31 and the cost of merchandise sold for the three-month period, using the last-in, first-out method and the periodic inventory system.

From the part 2 of the attached excel file, we have:

Inventory on March 31 = $881,250

Cost of merchandise sold for the three-month period = $11,021,250

3. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system.

Note: See part 3 of the attached excel file for the determined inventory on March 31 and the cost of merchandise sold for the three-month period, using the weighted average cost method and the periodic inventory system.

From the part 3 of the attached excel file, we have:

Inventory on March 31 = $980,975.27

Cost of merchandise sold for the three-month period = $10,921,524.73

4. Compare the gross profit and the March 31 inventories, using the following column headings.

Details FIFO LIFO Weighted Average

$ $ $

Sales 19,875,000 19,875,000 19,875,000

Cost of Goods sold (10,891,875) (11,021,250) (10,921,525)

Gross Profit 8,983,125 8,853,750 8,953,475

Inventory, March 31 1,010,625 881,250 980,975

Download xlsx

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1 year ago

On May 31, the Cash account of Teasel had a normal balance of $5,900. During May, the account was debited for a total of $13,100

KengaRu [80]

5555555 explanation for what you wanna get you know how

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2 years ago