A company limited by shares incorporated with two directors. One of them died of a heart attack during the pandemic of COVID19. Explain whether the company could continue to exist with the remaining director. Support your answer based on the Companies Act 2016.
Answers
The company limited by shares incorporated with two directors can continue to exist with the remaining director. This is in accordance with the Companies Act 2016, which states that a private company can operate with only one director.
Thus, the remaining director can continue to run the company without any legal impediment. However, the company must still follow the regulations and provisions outlined in the Companies Act 2016, including maintaining proper records and filing annual returns.
Under Section 122(1) of the Companies Act 2016, a private company must have at least one director, while a public company must have at least two directors. The death of one of the directors does not necessarily mean that the company must be dissolved or that the remaining director cannot continue to operate the business. As long as the company is properly registered and follows the regulations outlined in the Companies Act 2016, it can continue to operate with a single director. However, it is advisable to appoint a new director to ensure that the company has adequate leadership and management.
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Related Questions
the theory of motivation with the highest generalizability is probably:
Answers
The theory of motivation with the highest generalizability is probably Maslow's Hierarchy of Needs.
Maslow's theory proposes that people have a hierarchy of needs, ranging from basic physiological needs such as food and water to higher-level needs such as self-actualization. According to Maslow, individuals are motivated to fulfill their needs in order of priority, starting with the most basic needs and moving up the hierarchy.
Maslow's theory is widely accepted and has been applied in a variety of contexts, including education, business, and psychology. It is also relatively simple and easy to understand, which makes it a popular choice for researchers and practitioners alike. In addition, Maslow's theory emphasizes the importance of individual differences in motivation, which has helped to inform many research studies and practical applications.
Overall, Maslow's Hierarchy of Needs is likely the theory of motivation with the highest generalizability, as it has been widely accepted and applied in a variety of contexts and emphasizes the importance of individual differences in motivation.
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If the rate of increase of total utility declines as the quantity consumed of a good increases, it follows that marginal utility must be
Answers
Answer:
negative
Explanation:
Marginal utility refers to the additional satisfaction that a consumer obtains from getting one more unit of a good. Marginal utility is negative if the overall utility decreases with the consumption of one more unit.
As the rate of increase of total utility declines, the quantity consumed of a good increase. It follows that marginal utility must be negative.
As a software developer working for a large clothing store chain, you are responsible for creating software used to connect retail store computers to a central database at the head office. recently, some friends of yours suggested that you publish your software under the gpl. what are some direct benefits to publishing your software under the gpl? to publish software made for a company under the gpl, you need the company's permission because the company owns any software that it pays developers to create. when you approach people in your company regarding oss and explain how companies benefit from releasing software as open source, you are asked what benefits the company will receive from funding an open source project over time. your company also wants to know what the procedure is for releasing and maintaining oss. what benefits will you offer them? where could you send them to gain more information on procedures involved in the open source community?
Answers
Answer and Explanation:
software published under general public license(GPL) makes the software an open source software meaning that the public are free to change, study, share and run the program as they please.
Benefits of open source software/GPL include:
-General feedback and quick identification of bugs in software code
-Community contribution to new features, therefore costing the company less in releasing new features
- quick popularity of software as different people come to use and contribute to development
-open source softwares are even more important as they form stepping stones for even better software, reusability, code can be reused for other software development and there won't be any need to code that same functionality
If the company wishes to get more information on opens piece software's and communities or procedures regarding development of open source software, they could check out open source initiative,www.opensource.org, a non-profit organization dedicated to promoting and protecting open source communities and softwares
A company introduces a new product at low pricing to help capture a large market share early this is called
Answers
A company introduces a new product at low pricing to help capture a large market share early this is called price skimming.
When a new type of product enters the market, price skimming is often used then. The goal here is to gather as much revenue as possible while the consumer demand is high and competition has not entered the market.
So once these goals are met, the original product creator will mostly lower prices in order to attract more cost-conscious buyers while remaining competitive toward any lower-cost similar items entering the market.
Hence, firms often use price skimming in order to recover the cost of development.
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How do you write a business pitch???
Answers
Answer:
A business pitch is a presentation by one or more people to an investor or group of investors.
Explanation:
have a nice day! hope this helps!
The best business pitch gets to the heart of the matter quickly in order to keep investors from losing interest or worse yet, thinking there's no point to the presentation. Get to the meat of the pitch as soon as possible; if investors don't understand the idea right away, they'll think customers won’t understand it either.
You may want to consider starting with an elevator pitch, so named because it should be short enough to deliver during a brief elevator ride. It can introduce your business pitch and is handy if you stumble across a brief opportunity to sell your idea to a potential investor (for instance, if you find yourself riding to the tenth floor with the likes of Bill Gates). An elevator pitch is a concise and carefully planned description of your company or idea that can be quickly and easily understood. In a longer business pitch, the elevator pitch can be used as the hook: a line or two in your business writing that captures the attention of potential investors.
Once you've started off your business pitch with a brief overview of your business idea, it’s time to flesh out the details. You want to get across the reasons investors should to buy in; for example, what benefits will investors receive if they provide the necessary capital? Your business pitch might include the following:
It is important to do your research. You must know your product, audience, and competitors well and should be prepared to answer any questions potential investors may have. It is important to ensure you are pitching your idea to the right people. Research potential investors and ensure your pitch idea is well-matched to their interests.
While your overall idea is the most important part of your business pitch, make sure to polish the details: be sure your numbers are correct and have evidence to validate any claims you make. Use powerful, convincing words and avoid using superlatives or hyperbole; and, of course, edit your pitch to ensure you have used proper grammar, spelling, and punctuation! You want potential investors to judge your business pitch based on merit rather than surface errors..l
Create a comic strip, poster, or other visual art presentation that illustrates the forces of supply and demand, just as the dance routine in Supply and Dance, Man illustrated it using
the example of selling canes. Invent a fictitious business and illustrate how the business's successes shift supply and demand. Identify the supply and demand factors at play.
Answers
Answer:
demand is equal to 1000 and factors is equal to 5000
What is an example of a general safety hazard?
poorly maintained equipment
contaminated water
blizzard
employee retaliation
Answers
Answer:
poorly maintained equipment
Answer:
contaminated water
Explanation:
if the water doesnt get boiled it will make you sick, contaminated water can make you sick easily so its a safety hazard
PLEASE HELP!!!
Money going out of a business is called _BLANK_.
A. income
B. expenses
Answers
Answer:
Expenses
Explanation:
Sheridan Company has 29000 units in beginning finished goods. If sales are expected to be 60000 units for the year and Sheridan desires an ending finished goods of 33000 units, how many units must the company produce? 56000 60000 64000 O 93000
Answers
The company must produce 64,000 units to meet the sales target and maintain the desired ending finished goods inventory. The correct answer is 64,000. (Opton C)
How is this so?To determine the number of units the company must produce, we need to calculate the net increase in finished goods inventory.
Beginning finished goods - 29,000 units
Ending finished goods target - 33,000 units
Sales: 60,000 units
Net Increase = Ending finished goods target - Beginning finished goods + Sales
= 33,000 - 29,000 + 60,000
= 4,000 + 60,000
= 64,000 units
Thus, it is correct to state that, the company must produce 64,000 units to meet the sales target and maintain the desired ending finished goods inventory. The correct answer is 64,000.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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the magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%
Answers
It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).
What is Operating Leverage?The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.
Magnitude of operating leverage= 4.5
Old sales= $100000
New sales= $110000
Percentage increase in sales:
(New-old)/old = (110,000-100,000)/100,000
= 10%
Consequently, a percentage rise in profit might be anticipated:
sales percentage growth times the degree of operational leverage
= 10% * 4.5
= 45%
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According to your text, elemica's web site for buying and selling chemicals is an example of ________ electronic commerce.
Answers
According to your text, Elemica's Web site for buying and selling chemicals is an example of business-to-business (B2B) electronic commerce.
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Business-to-business (B2B or, in some countries, B2B) refers to a scenario in which two businesses transact business. Even when the parties to the connection do not have equal negotiating strength in B2B trade, each party often enlists the help of professional staff and legal advice in the term-negotiation process.
Businesses that conduct business with other businesses make up a major portion of the American economy. This is particularly true for companies with 500 or more employees, of which 19,464 existed in 2015. It is thought that up to 72% of these companies primarily serve other businesses.
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5. People-based services are
in today's world. (1 point)
-decreasing
-staying about the same
-increasing
-varying from day to day
Answers
Answer:
decreasing
Explanation:
because more and more machines are made to do work
What are Generally Accepted Accounting Principles? Multiple choice question. Regulations designed to promote strong ethical conduct. Regulations companies must follow in order to be publicly traded. Minimum requirements for becoming a CPA. The concepts and rules that govern financial accounting practice.
Answers
Answer: The concepts and rules that govern financial accounting practice
Explanation:
Generally Accepted Accounting Principles are the concepts and rules that govern financial accounting practice. Thus the correct answer is D.
What is the objective of Generally Accepted Accounting Principles?The primary objective of Generally Accepted Accounting Principles is to maintain the credibility of the financial reports of any business organization. This can be done through transparency and clear transfer or exchange of financial information of any business.
Generally Accepted Accounting Principles are guidelines that cover the specifics, technicalities, and legality of corporate and business accounting. It contains a list of accepted accounting procedures to manage financial statements.
Therefore, in option D The concepts and rules that govern financial accounting practice are appropriate.
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
A restaurant customer complains to the waiter person that their meal has arrived at the table cold. After apologizing to the customer, the waiter person should:
a) remove the meal and reorder immediately
b) reheat the meal immediately
c) tell the customer that other staff are to blame
d) leave the meal on the table and reorder as soon as possible
Answers
Answer:a
Explanation:
Find the proceeds of a $4739.71, 6-year note bearing interest at 4.8% compounded semi-annually, discounted 2 years after the date of issue at 9.6% compounded annually. The proceeds are _____ $.
Answers
The proceeds of a $4739.71, 6-year note bearing interest at 4.8% compounded semi-annually, discounted 2 years after the date of issue at 9.6% compounded annually, amount to $4,122.08.
The first step is to calculate the future value of the note after 6 years, compounded semi-annually at a rate of 4.8%. Using the formula for compound interest, the future value can be determined as follows: Future Value = Principal × (1 + (interest rate / number of compounding periods))^(number of compounding periods × number of years)
Plugging in the values, we get: Future Value = $4739.71 × (1 + (0.048 / 2))^(2 × 6) = $6,620.76
Next, we need to discount this future value to the present value, taking into account that it is 2 years after the date of issue and compounded annually at a rate of 9.6%. Using the formula for compound interest in reverse, the present value can be calculated as follows:
Present Value = Future Value / (1 + (interest rate / number of compounding periods))^(number of compounding periods × number of years)
Applying the values, we get:
Present Value = $6,620.76 / (1 + (0.096 / 1))^(1 × 2) = $4,122.08
Therefore, the proceeds of the note are $4,122.08.
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Type the correct answer in the box. Spell all words correctly. The demand curve has what kind of slope?
Answers
Answer:
Usually slopes downwards
Explanation:
in a negative association
XBRL assurance is generally expected to include all of the following except: Multiple Choice Assurance that the most current, standardized XBRL taxonomy is used. Assurance that the underlying financial and nonfinancial data that is used in XBRL tagging is reliable. Assurance that the XBRL tagging is accurate and complete. Assurance that reports include all relevant financial and nonfinancial information.
Answers
Answer:
Assurance that reports include all relevant financial and nonfinancial information.
Explanation:
XBRL assurance can be regarded as opinions of auditor on a financial statement or other business report that is published in XBRL, this opinions of the auditors allows to know whether these published report or statement is
complete, relevant or accurate and fairly presented. An XBRL reportcan be regarded as "instance" and it is is an electronic file. It should be noted that XBRL assurance is generally expected to include all of the following
✓Assurance that the XBRL tagging is accurate and complete.
✓Assurance that the most current, standardized XBRL taxonomy is used.
✓Assurance that the underlying financial and nonfinancial data that is used in XBRL tagging is reliable.
On March 1, 2017, Carla Vista Co. Acquired real estate, on which it planned to construct a small office building, by paying $79,000 in cash. An old warehouse on the property was demolished at a cost of $8,000; the salvaged materials were sold for $1,660. Additional expenditures before construction began included $1,160 attorney's fee for work concerning the land purchase, $4,400 real estate broker's fee, $8,660 architect's fee, and $13,800 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land.
Answers
Answer:
The reported cost of the land = $99,560
Explanation:
In order to calculate the cost of the land, it is important to note that the amount recorded as cost of the land, includes the actual amount paid as the market price of the land, including all the necessary costs incurred to make the land ready for use. These include: attorney's fees, cost of demolition of old properties, broker's fees etc.
To calculate the net cost of the land, let us identify all the transactions done in the purchase of the land. This is done as follows:
market value of land = $ 79,000
cost of demolition = $ 8,000
additional expenses = $ 1,160
attorney's fee = $ 4,400
broker's fee = $ 8,660
salvaged materials = $ 1,660 (minus)
Total = $ 99,560
Note that the amount gotten from sale of salvaged materials is subtracted from the cost of land, because it is an income, not expenditure, while the architect's fee is not used in the calculation because, it doesn't meet the criteria for cost of land, instead it is part of the cost of building after the acquisition of the land.
PLEASE ANSWER QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Manuel wants to better manage his money and has started to seriously focus on financial planning. He has looked at his accounts and his other resources. What is the NEXT step Manuel should take in the financial planning process?
Identify his short-term and long-term financial goals.
Identify his potential goals.
Periodically review and revise his financial plan.
Answers
Answer: A. Identify his short-term and long-term financial goals.
Explanation:
You're welcome :)
After going over his accounts and resources, Manuel should reflect on his short-term and long-term financing.
What is short and long-term finance?Short period financing methods cast off a mortgage to make a purchase, commonly with a time period of much less than 365 days. Trade credit, commercial bank loans,commercial paper and secured loans.
Long period finance may be described as any economic device with an exceeding one year, consisting of financial institution loans, bonds, leasing, and different sorts of debt finance, public finance instruments.
So from the above declaration, it's clear that short and long-time period financing, is the ideal answer.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
Problem 7-28 (Algo) Unearned revenues-subscription fees LO 7-3 [The following information applies to the questions displayed below.] Evans Limited publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $35 in advance for a one-year subscription. During the month of August 2022, Evans Limited sold 320 one-year subscriptions and received payments in advance from all new subscribers. Only 55 of the new subscribers paid their fees in time to receive the August newsletter; the other subscriptions began with the September newsletter. Table 6-4, Table 6-5 Note: Use appropriate factor from the table provided. Problem 7-28 (Algo) Part a - Horizontal model Required: a. 1. Use the horizontal model to record the effects of subscription fees received in advance during August 2022. Indicate the financial statement effect. 2. Use the horizontal model to record the effects of subscription revenue earned during August 2022 . Indicate the financial statement effect. Complete this question by entering your answers in the tabs below. Use the horizontal model to record the effects of subscription revenue earned during August 2022. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. RequiredA2, Complete this question by entering your answers in the tabs below. Use the horizontal model to record the effects of subscription revenue earned during August 2022 . Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. RequiredA2>
Answers
The financial statement effects of these entries are as follows:
- The decrease in unearned revenue will be reflected in the Balance Sheet, specifically under the Liabilities section.
- The increase in subscription revenue will be reflected in the Income Statement, specifically under the Revenue section.
To record the effects of subscription fees received in advance during August 2022 using the horizontal model, we need to consider the following:
1. Increase in Cash: Since Evans Limited received payments in advance from new subscribers, the company's cash will increase. This increase in cash will be recorded as a debit (+) in the Cash account.
2. Increase in Unearned Revenue: The subscription fees received in advance are considered unearned revenue because the service (monthly newsletters) has not been provided yet.
Therefore, the company will record an increase in the Unearned Revenue account. This increase will be recorded as a credit (+) in the Unearned Revenue account.
The financial statement effects of these entries are as follows:
- The increase in cash will be reflected in the Balance Sheet under the Assets section.
- The increase in unearned revenue will also be reflected in the Balance Sheet, specifically under the Liabilities section.
To record the effects of subscription revenue earned during August 2022, we need to consider the following:
1. Decrease in Unearned Revenue: As the company provides the monthly newsletters to the subscribers, the unearned revenue is recognized as earned revenue.
Therefore, we need to decrease the Unearned Revenue account. This decrease will be recorded as a debit (-) in the Unearned Revenue account.
2. Increase in Subscription Revenue: The revenue earned from the subscriptions will be recorded as an increase in the Subscription Revenue account. This increase will be recorded as a credit (+) in the Subscription Revenue account.
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which of the following statements is true of open-market operations? a. open-market operations involve the fed's purchase and sale of foreign exchange. b. open-market operations involve clearing checks. c. open-market operations involve lending money to member banks. d. open-market operations involve the fed's purchase and sale of government securities. e. open-market operations involve accepting deposits from member banks.
Answers
The correct statement about open-market operations is that open-market operations involve the fed's purchase and sale of government securities. (Option D).
What is Open Market Operations?The federal funds rate and other interest rates are changed by the Federal Reserve through open market operations. This is done to either stimulate or slow the economy. The Fed can expand the money supply and lower the fed funds rate by customarily purchasing Treasury securities. It can also raise the Fed Funds Rate by selling securities off its balance sheet. As a result, interest rates are under upward pressure and money is taken out of circulation.
Any country's central bank participates in open market activities, which deal with the selling and purchasing of Treasury bills and other government property, in order to regulate the amount of money in the economy.
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Mega Company is considering the purchase of a new machine. The invoice price of the machine is $85,100, freight charges are estimated to be $3,910, and installation costs are expected to be $5,520. The annual cost savings are expected to be $23,000 for 10 years. Calculate the cash payback period. (Round answer to 2 decimal places, e.g. 15.25.) Cash payback period___ years
Answers
Cash payback period is 4.11 years.
To calculate the cash payback period for Mega Company's new machine purchase, follow these steps:1. First, we need to determine the total initial investment, which includes the invoice price, freight charges, and installation costs:
Total investment = Invoice price + Freight charges + Installation costs
Total investment = $85,100 + $3,910 + $5,520
Total investment = $94,530
2. Now, we'll use the annual cost savings and the total investment to calculate the cash payback period:
Cash payback period = Total investment / Annual cost savings
Cash payback period = $94,530 / $23,000
3. Finally, we'll round the answer to two decimal places:
Cash payback period = 4.11 years
So, the cash payback period for Mega Company's new machine purchase is 4.11 years.
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A decrease in the demand for eggs due to changes in consumer tastes, accompanied by a decrease in the supply of eggs as a result of an outbreak of Avian flu, will result in Group of answer choices
Answers
Answer:
a decrease in the equilibrium quantity of eggs; the equilibrium price may increase or decrease
Explanation:
Here are the options
a decrease in the equilibrium quantity of eggs and no change in the equilibrium price.
a decrease in the equilibrium quantity of eggs; the equilibrium price may increase or decrease.
a decrease in the equilibrium price of eggs; the equilibrium quantity may increase or decrease.
a decrease in the equilibrium price of eggs and no change in the equilibrium quantity.
Only a change in the price of a good leads to a movement along the demand curve of that good. Also, only a change in the price of the good would lead to an increase or decrease in the quantity demanded of that good.
Other factors other than the change in the price of the good would lead to a shift of the demand curve. Some of those factors include :
1. a change in consumers' expectation
2. a change in the taste of consumers
3. a change in income
A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.
Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :
1. A change in the price of input
2. A change in the number of suppliers
3. Government regulations
A decrease in the demand for eggs would lead to a leftward shift of the demand curve for eggs. Price and quantity would fall as a result.
a decrease in the supply of eggs would lead to a leftward shift of the supply curve for eggs. Price would increase and quantity would fall.
Taking these two effects together, there would be a fall in equilibrium quantity and equilibrium price can either rise or fall depending on if demand or supply has a greater effect.
In order to reduce the possibility that a technological paradigm shift will render your skills obsolete, you should
a. Encourage others to keep their skill sets current
b. Try to keep your company from adopting new technology
C. Keep tabs on the newest technical advances
d. Adopt a technology proof career, like carpentry
Answers
Answer:
a. Encourage others to keep their skill sets current
b. Try to keep your company from adopting new technology
Explanation:
Continuous updating and upgrading one's skills is a sure way of remaining relevant in a rapidly changing work environment. Many organizations are always seeking ways of modernizing their work processes. As companies adopt technology to enjoy increased efficiency, workers without matching skills are declared redundant.
Continuous training and learning are necessary to reduce the possibility of one's skill being declared obsolete. To survive in the new technology era, a worker and his colleagues can embrace and learn to work with new technology or work hard to prevent their company from acquiring it.
Answer:
c.
Keep tabs on the newest technical advances
Explanation: CORRECT ON EDGE 2021
For purposes of monetary policy, the Federal Reserve has targeted the interest rate known as the: a) Treasury bill rate. b) prime rate. c) discount rate. d) federal funds rate.
Answers
The Federal Reserve's monetary policy decisions regarding the d). federal funds rate have significant impacts on the overall economy.
For purposes of monetary policy, the Federal Reserve has targeted the interest rate known as the federal funds rate. This is the interest rate at which depository institutions (such as banks) lend or borrow funds from one another overnight, to meet their reserve requirements mandated by the Federal Reserve.
The Federal Reserve uses various monetary policy tools to influence the federal funds rate, such as open market operations, discount rate changes, and reserve requirement changes. By increasing or decreasing the federal funds rate, the Federal Reserve can affect the supply of money in the economy, which in turn affects economic activity such as borrowing, spending, and investment.
The federal funds rate is an important interest rate that affects other interest rates in the economy, such as the prime rate and the interest rate on Treasury bills.
Therefore the correct option is d).
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In the accounting equation, assets are equal to which two things?
A. Debits + equity
B. Debits + accounts
C. Liabilities + equity
D. Liabilities + accounts
Please select the best answer from the choices provided
A
B.
OOOO
С
D
Answers
Answer:
C. Liabilities + equity
Explanation:
Edg 2021 ...
For each market, determine whether each market is likely to have sufficient barriers to entry to allow individual firms to make positive economic profits in the long run. Classify each market as possessing sufficient barriers to entry or not possessing sufficient barriers to entry. Sufficient barriers to entry No significant barriers to entry Answer Bank the market for lawn-care services the market for wireless telecommunications (such as mobile phone service) the market for sport-utility vehicles the market for aspirin
Answers
The markets that have adequate entrance barriers are the market for wireless telecommunications, sport-utility vehicles or don't have enough entry barriers are market for lawn-care services and aspirin.
The wireless telecommunications industry is a shining example of a sector with high enough entry barriers. This is due to the high cost of installing the network towers and other necessary equipment to run telecommunication networks. Therefore, the cost of admittance is a barrier.
The demand for sport-utility vehicles, which may be pricey to construct, is the same. Additionally, consumers are familiar with the brands of the firms in the market because it doesn't need a lot of expertise or specific equipment, the market for lawn care services has minimal entry barriers.
Thus, the market with barriers and without any entry barriers are listed in the description.
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