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caityi9619
14.04.2020 •
Business
Companies delivering mixed concrete know that it cannot be shipped farther than 25 miles because the concrete might harden in the truck. Carter Concrete Supply Co is the only supplier of mixed concrete to customers within a 30-mile radius. Carter Concrete Supply Co is an example of which one of the following competitive structures?
A. Monopoly
B. Oligopoly
C. Monopolistic competition
D. Pure competition
E. Monopsony
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Ответ:
A. Monopoly
Explanation:
Monopoly is a market structure in which there is a single producer of a good that has no close substitutes.
Since Carter Concrete Supply Co is the only supplier of mixed concrete to customers within a 30-mile radius, it is an example of monopoly competitive structure.
Ответ:
premium liability (coupon oustanding) $ 1,500
Explanation:
We will recognize a liablity based on expected coupon redemption of 10%:
Sold 1,000,000 deluxe snack = 1,000,000 coupon
from this we expect 10% will be redeem: 1,000,000 x 10% = 100,000
Then, calculate the cost that this coupon will generate:
Thre will be 100,000 redeem coupons which, every 10 is traded for a 1.50 silver chip clip:
100,000 / 10 x $ 1.50 = $ 15,000
For the sales of we have a premium liablity of 15,000
premium expense 15,000
premium liaiblity 15,000
We also purchase this silver chip clip:
Premium Inventory 15,000
Cash 15,000
During the year, we adjust for the chips clips distributed:
9,000 x $ 1.50 = 13,500
This decreases both, the liablity and the premium inventory.
Premium Liability 13,500 debit
Premium Inventory 13,500 credit
Adjusted year-end balance:
15,000 - 13,500 = 1,500