Which characteristic of competitive markets is mainly responsible for ensuring that prices will be kept low?

a. similar goods

b. many sellers

c. easy entry into and exit from the market

d. many buyers

e. differentiated goods?

Like-kind property is real property held for investment or use in a trade or business exchanged for real property held for investment or use in a trade or business. Taxpayers must defer gain or loss realized on the exchange of like-kind property.

Mortech Company had net income of $250,000 based on variable costing. Beginning and ending inventories were 50,000 units and 48,000 units, respectively. Assume the fixed overhead per unit was $0.75 for both the beginning and ending inventory.

Suppose you own a restaurant were does the revenue come from

Each year you need to power wash your deck. You can rent a power washer for $38 per day. If you go with this option, you will pay $38 each year starting today up to and including year 10 If you buy the power washer, you will pay $175 today and the

Margin of Safety Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. Unit variable cost is $45 (includes direct materials, direct labor, variable factory overhead, and variable selling expense).

Eaton Electronics uses a periodic inventory system. On March 31, Eaton has two plasma TVs on hand at a cost of $1,800 each (serial numbers 11534892 and 11534894).

When I called about the cost of these items, it was implied that my total would only be $35.00

EB4. LO 3.1A product has a sales price of $90 and a per-unit contribution margin of $30. What is the contribution margin ratio?

Tuna eat sardines and other small fish. Suppose the consumption efficiency of tuna is 40%, the assimilation efficiency is 30%, and the production efficiency is 20%.

Your cellular phone contract is due for renewal and the company offers you a new free phone. Since you want to use your new phone, you decide to recycle your old phone. Your action a.