1. Describe a natural monopoly and use a graph to support your answer.


2 Describe the main characteristics of a monopolistically competitive market.

The two demand-side approaches will be "Fiscal policy" and "Monetary policy".

So the above is the right answer.

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When items that were sold are returned, a credit is applied to sales returns and allowances. Sales allowances and returns are recorded as a negative revenue item.

The following journal entry is passed in order to record entries for sales returns: Return on sales - Dr. The amount of the products is transferred to the ledger in an account called the Sales returns account after the sales return book has been correctly updated and all transactions have been recorded in it.

A turn back inward A journal, daybook, or sales returns journal is used to record sales returns. It can also be used to record sales credit. To put it another way, the journal is used to track the items that recipients of products return.

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Answer:

a. Dangling Modifier:

1.

Dangling Modifier:  When beginning the meeting

Best Revision:  2. When we were beginning the meeting, the fire alarm went off

2.

Dangling Modifier :  taking the train into Boston

Best Revision: Taking the train into Boston, Katie reviewed the meeting minutes.

b. Identifying the dependent clauses:

1. Unless he responds to my request in the next 24 hours

3. When he opened the e-mail message

c. Identifying the independent clauses:

2. Meanwhile, the executive assistant printed the agenda.

d. Identifying the sentence with the correct parallel structure:

1. The systems analyst found that we needed to upgrade our equipment, revise our backup process, and implement better security measures.

e. Best option to complete the sentence:

If you _________, you will do well in this corporation.

1. write well, speak well, and use good interpersonal skills

Explanation:

a. A phrase or clause that is not directly related to the word or words it modifies is called a dangling modifier.  Usually, the word a dangling modifier modifies may be absent from the sentence.  An example is "when beginning the meeting."  The word it modifies may be "we" as in "When we were beginning the meeting, the fire alarm went off."

b. A clause which cannot make a complete sense or sentence is called a dependent clause.  It requires another clause to make a complete sense.  The clause that makes a complete a complete sentence and can stand alone without another clause is an independent clause.

c. A sentence that has grammatical structure which is balanced is said to have parallelism.  This can also be called parallel structure or construction.  This means that the items listed follow similar pattern that rhyme with one another.  Let us revise the sentence with the wrong parallel structure in this case so as to make it become a parallelism:  "The systems analyst found that we needed upgraded equipment, revised backup processes, and better implemented security measures."  By this revision, the wrong parallel sentence now has a well-structured parallelism.

A dangling modifier is a phrase or sentence that has no direct connection to the word or words it modifies. The correct options for the dangling modifier are When beginning the meeting and taking the train into Boston, and the correct options for the independent clause are Unless he responds to my request in the next 24 hours, and When he opened the e-mail message.

1.

Dangling Modifier:  When beginning the meeting

Best Revision:  2. When we were beginning the meeting, the fire alarm went off

2.

Dangling Modifier:  taking the train into Boston

Best Revision: Taking the train into Boston, Katie reviewed the meeting minutes.

b. Identifying the dependent clauses:

1. Unless he responds to my request in the next 24 hours

3. When he opened the e-mail message.

The term that a dangling modifier usually modifies may not even be present in the phrase.  An illustration might be "when the meeting starts."  The word it modifies can be "we," as in "The fire alarm went off as we were starting the meeting."

A dependent clause is a clause that cannot be used to finish a sentence or make sense on its own.  For it to make sense, another sentence is necessary.  An independent clause is one that can stand alone without the help of another clause and completes a complete sentence.

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Explanation:

Planning and Decision Making: Determining Courses of Action,

Organizing: Coordinating Activities and Resources, Leading: Managing, Motivating and Directing People, Controlling: Monitoring and Evaluating activities.

Answer:

Planning is the process of setting goals and defining the actions required to achieve the goals.  

Organizing means to arrange or order things so that they can be found or used easily and quickly

Leading means like a leader or coming or ranking first place

Someone who is “controlling” tries to control situations to an extent that is unhealthy or tries to control other people

Explanation:

Have great day :)

Answer:Ob

---ways people obtain their wants with limited resources

Explanation:

Economics as defined by Lionel Robbins is  the science  that studies human behavior as a relationship between ends and scarce means which have alternative uses.

The economy generally is filled with people having unlimited wants but the resources(  land, labour, capital and enterpreneur) to satisfying these wants are Limited and scarce . Economics studies how the society  (government and businesses)use these scarce resources to satisfy or meet its unlimited wants by  providing variety of goods and services from the scarce resources  so that people can have choices  to choose from in satisfying their limitless wants in order of preferences.

Answer:

b: ways people obtain their wants with limited resources

Explanation:

The cost of the subsidy program for the representative consumer would be $6.

In this scenario, we have a government subsidy program that reduces the price of food for poor consumers from $3 per unit to $2 per unit. The typical poor consumer has a budget of $12 and faces a price of $1 for all other goods (AOG).

To determine the cost of the subsidy program for the representative consumer, we need to consider the quantity of food that the consumer can purchase before and after the subsidy.

Before the subsidy:

With a budget of $12 and food priced at $3 per unit, the consumer can afford to purchase $12 / $3 = 4 units of food.

After the subsidy:

With the subsidy reducing the price of food to $2 per unit, the consumer can now purchase $12 / $2 = 6 units of food.

The difference in the quantity of food purchased before and after the subsidy is 6 - 4 = 2 units.

To calculate the cost of the subsidy program, we multiply the additional quantity of food (2 units) by the original price of food ($3 per unit):

Cost of the subsidy = 2 units * $3 per unit = $6.

Therefore, the cost of the subsidy program for the representative consumer would be $6.

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Answer:

The levels of poverty.

Exchange rate.

The productivity of laborers.

National debt/The total borrowings of the government.

Inequality in Income.

Real Disposable Income

The Misery Index.

Explanation:

The above are some of the distinct types of economic measurement methods that are employed to analyze the economic growth of a nation. The higher poverty level affects the economic growth negatively. Similarly, the exchange rate, the labor productivity, the amount of national debt, income inequality, etc. are the key factors that displays the economic health of a country. It helps show how well a nation has performed in a specific duration and where they are lagging behind in comparison to other nations.

Answer:

The Accounting Cycle of a Business refers to the entire process of accounting for the transactions in the business from the moment the company begins a new transaction to the end of the period where it is aggregated into other accounts and presented to relevant stakeholders.

There are 10 steps to this cycle and they are;

i ⇒ j ⇒ f ⇒ b ⇒ e ⇒ c ⇒ d ⇒ h ⇒ g ⇒ a

Answer:

the cash balance at the end of May is $37,000

Explanation:

The computation of the cash balance at the end of May is shown below:

= Opening cash balance + cash sales + received payment - paid wages - utilities

= $25,000 + $18,000 + $15,800 - $16,000 - $5,800

= $37,000

Hence, the cash balance at the end of May is $37,000

We simply applied the above formula to determine the cash balance at the end of May

Option (c) and (d), For a particular customer, a travel agency could arrange a hotel room and provide sightseeing guidance.

Travel consultants plan itineraries, suggest destinations, and book vacations on their customers' behalf. With travel agencies, individuals and groups planning vacations may purchase hotels, tickets to events, and transportation.

Sells and creates plans for travel, excursions, insurance, hotels, and lodgings. provides clients with information on vacation spots, people, cultures, customs, and activities. organizes travel, plans payments, and provides funding for necessary costs. includes information about complaints, cancellations, and refunds relating to travel.

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The AICPA sets standards for the professional conduct and independence of all certified public accountants (CPAs) who are engaged in the practice of public accounting.

This includes the requirement that all CPAs who engage in public accounting be members of the AICPA and abide by the AICPA's Code of Professional Conduct. In the case of a partnership between CPAs and non-CPAs to practice public accounting, the AICPA requires that all partnerships engaged in public accounting include at least one CPA who is a member of the AICPA. This is because the AICPA is committed to ensuring that the public receives high-quality accounting services from competent professionals who adhere to the highest ethical standards. However, the AICPA does not have specific rules for the formation or structure of partnerships in public accounting, and it does not have the authority to regulate non-CPA owners in such partnerships. This means that A) a non-CPA banker who is providing financing for the partnership may not be required to be actively engaged in the practice, B) non-CPA owners who are actively engaged as members of the firm may not be required to complete the same number of work-related CPE requirements as the CPA members, and C) non-CPA owners may be allowed to have the title "partner". It is important to note that while the AICPA may not have specific regulations for partnerships between CPAs and non-CPAs, state boards of accountancy may have more stringent requirements. Additionally, these partnerships may still be subject to other laws and regulations, such as those related to business formation and taxation.

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Key assets represent knowledge that your business has that is critical to the operation of your business. ... Basically, anything about your business that is essential to its core operation would be considered a knowledge asset.

Key assets represent knowledge that your business has that is critical to the operation of your business. ... Basically, anything about your business that is essential to its core operation would be considered a knowledge asset.

Comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.

Comprehensive car insurance is an optional coverage that provides protection against damage to your vehicle from various risks such as theft, vandalism, fire, and natural disasters. It also covers damages to your car from collisions with animals. Comprehensive car insurance provides broader coverage than liability insurance, including damage to both other people and property and your own car, making it more expensive.

Therefore, comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.

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Answer:

The total amount for repayment is $13,738.8

Explanation:
Amount to be repaid after x years=Principle amount *(1+(interest/100))^x

Using this, interest=7; x=2;

Amount to be repaid comes out to be 12000*(1.07)^2
i.e. 13,738.8.

Answer:

Environmental phenomena that have the potential to have an influence on society and the surrounding environment are referred to as natural hazards. These shouldn't be confused with other dangers, such as man-made dangers.

Natural disasters such as hurricanes, earth quakes, floods, tornados and so on.

I hope this helps man

Revising is the process of reviewing and changing a piece of writing to improve its overall clarity, coherence, and effectiveness. This can include making changes to the structure, organization, tone, word choice, and grammar of a piece of writing. The goal of revising is to ensure that the message of the writing is clear, concise, and effective in communicating the intended meaning to the reader.

Answer:

Acer Downy (Landing)

1. Journal Entries:

April 30

No Journal Entries Required

Jun. 30

Debit Warranty Expense $8,400

Credit Warranty Payable $8,400

Jul. 28

Debit Warranty Payable $5,800

Credit Cash Account $5,800

Sep. 30

Debit Legal Expenses $110,000

Credit Copyright Violation Claims $110,000

Dec. 31

Debit Warranty Expense $9,200

Credit Warranty Payable $9,200

b. Balance in Estimated Warranty Payable:

Jun. 30 Warranty Expense $8,400

Jul. 28  Cash Account       ($5,800)

Dec. 31 Warranty Expense $9,200

Balance                               $11,800

Explanation:

1. Since it is estimated that it was remote for Landing to lose the case, there is allowance made for the legal consequences.  It will be disclosed in the notes that such a lawsuit was confronting Landing.

2. Warranty costs are part the costs of its selling expenses and therefore part of its SG&A expenses.  The accounting entries are to debit Warranty Expense and to credit Warranty Liability or Payable.  Warranty expenses arise from warranty claims put forward by customers for the repair or replacement of, or compensation for non-performance or underperformance of an item as provided for in its warranty document.

3. Copyright (Intellectual Property Rights) infringement or piracy is the use of works protected by copyright law without the required permission.   The violation infringes some certain exclusive rights granted to the copyright holder, such as the right to reproduce, distribute, display, etc.

4. When a liability becomes probable, there should be an allowance for it.

Answer:

Revision of Paragraph to Incorporate a Bulleted List

A high-powered MBA program costs hundreds of dollars an hour. However, our program covers the same information. That information includes the following:

O entrepreneurship tips as well as how to start a business,

O writing a business plan and understanding taxes,

O writing a marketing feasibility study, and

O employment benefits plans.

Explanation:

To correctly understand a bulleted list, it is important to differentiate it from a numbered list.  Each bulleted paragraph is started with a symbol without the use of a number.  This means that the list is not ordered in any particular order.  On the other hand, a numbered list has a sequential or ordered number for each paragraph list.

Explanation:

1. The benefits of easy collaboration are outweighed by the disadvantages of excess noise

2. Anything and everything can be a distraction

3. The lack of security can breed mistrust

4. Privacy is essential to job satisfaction, but impossible to come by

Answer:

There are two rules to investing. Rule number one, don’t lose money. Rule number two, see rule number one.” Individual stocks are far riskier than a well-diversified basket of stocks. According to Cambridge Associates, during the 10 year period ended June 30, 2013, 55 stocks in the S&P 500 lost at least half of their market value.

Explanation:

Answer:

a municipal bond and 100 shares of ABC Corporation common stock

Answer:

C. Command

Explanation:

In a command economy, the government owns and controls all the factors of production. All the factors of production are owned and controlled by the government. The government does all the productions through its agencies.

The government prepares central economic plans that guide the country's economic activities. The central plans indicate what goods and services will be produced, their quantities, and prices. The plans also dictate how distributions will be done in the country.

Answer:

The IRS considers that every single salary paid is a distinct and unique event for taxation purposes. The employer is supposed to estimate the annual salary. But if this cannot be determined because the payroll is not regular, then every time a salary is paid, the employer should deduct an estimated amount depending on the wage-bracket tables published by the IRS. This is not exact, but the employer is responsible for doing this. If the employer withholds too much money, it will be refunded. Or if the employer doesn't withhold enough money, the employee will pay the difference.  

In an open economy, the source of supply of dollars in the foreign-currency exchange market is  Net exports. Thus the correct option is C.

The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.

When something is exported, it is sent with the intention of selling it abroad. Imports are defined as the purchase of goods from other nations due to a lack of domestic resources.

Net capital outflows are the source of dollars supply in the foreign exchange market, while net exports are the source of dollar demand. Net capital outflow connects the two markets.

Therefore, option C is appropriate.

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Based on the information available for Berlin Corporation, the step - by - step income statement would be:

                                        Berlin Corporation.

                                         Income Statement

Sales Revenue                                              $592,000

Less:  Sales Return                                       $40, 000

Net Sales                                                                           $552, 000

Less : Cost of Goods sold                                                ($156, 000)

Gross Profit                                                                         $396, 000

Less Operating expenses:                                                 (186, 000)  

Income from operations                                                    $210, 000

Other Revenue /Gains                                    12, 700

Other Expenses /Losses                                 (13, 300)        ( 600 )

Income before income taxes                                              $209 ,400

Less: Income tax expense                                                    ($62, 820)

Net Income / (Loss)                                                              $146,580

An income statement is the financial document that is used to find the amount of net income or loss that a company made in a certain period of time which is often a year or a quarter.

The main components of a net income statement are the revenue, the cost of goods sold, the gross profit, the operating expenses, and the net income.

To find the net income, subtract cost of goods sold and the operating expenses from the sales revenue.

In this case, you need to find the taxes to Berlin Corporation as well:

= Income before taxes x Income tax rate

= 209, 400 x 30%

= $62, 820

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In economics, the term "specialization" refers to the process by which individuals, firms, or countries focus their efforts on producing a limited range of goods or services.

It involves concentrating on a specific area of expertise or skill set rather than trying to produce everything that is needed. Specialization is driven by the concept of comparative advantage, which suggests that individuals or entities should allocate their resources to the activities they can perform most efficiently compared to others. By specializing, individuals can take advantage of their unique skills, knowledge, and resources to increase productivity and efficiency.

Specialization often leads to increased productivity because individuals can become more proficient and experienced in their specialized area. This efficiency gains from specialization can be attributed to factors such as the ability to develop specific expertise, use specialized tools or technology, and benefit from economies of scale.

Furthermore, specialization promotes trade and exchange between individuals, firms, or countries. By focusing on what they specialize in, individuals or entities can produce a surplus of goods or services, which they can then exchange with others who specialize in different areas. This exchange of specialized products or services allows for increased economic efficiency and a wider range of goods and services available to consumers.

Overall, specialization plays a vital role in economic development and growth by promoting efficiency, productivity, and trade. It allows individuals and entities to leverage their unique skills and resources, leading to economic specialization at both the individual and aggregate levels.

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Answer:

$36,160

Explanation:

Sales price $8 and variable costs $6 per unit. All sales are done on cash and all variable costs are paid immediately.

expected cash flow for March

Beginning cash balance    $34,000

Sales                                   $177,280

Variable costs                   -$132,960

S&A costs                           -$48,000      

without depreciation                        

ending cash balance          $30,320

desired ending cash         -$66,480

cash deficit to be                $36,160

covered by bank loan

It should be noted that in order to improve the customer relationship, one should encourage feedback.

Having a good customer relationship is important for the growth and the development of the business. It also aids profitablity.

This can be done by encouraging feedback, meeting the needs of the consumers and producing good, quality products.

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