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2 years ago

In order to sell more goods and/or services, what must a monopoly do?

1 answer:

7 0

<span>In order to sell more goods and/or services, what must a monopoly do? Reduce price and increase output. A monopoly is when a company or a product has control in the industry. The supply or trade of this item or service is limited. For a monopoly to sell even more, they should reduce the price and increase their output because they have no competitors.

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2 years ago

Johnson Corporation unadjusted trial balance at year-end include the following accounts. Compute the uncollectible account expen

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Answer:

Explanation:

The journal entries are shown below:

A. Uncollectible Expense A/c Dr $11,520

To Allowance for doubtful accounts A/c $11,520

(Being the uncollectible expense is recorded)

The computation is shown below:

= $1,152,000 × 1%

= $11,520

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To Allowance for doubtful accounts A/c $12,960

(Being the uncollectible expense is recorded)

The computation is shown below:

= $1,152,000 × 1.5% × 75%

= $12,960

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= $12,000 - $2,184

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2 years ago

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Answer:

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Explanation:

Sales for the period 161,000

Desired ending inventory 4,600

Total production needs 165,600

Beginning Inventory (6,100)

Production for the third quarter 159,500

The sales for the period and the desired ending inventory are the total units we need for the quarted.

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2 years ago

For a repayment schedule that starts at EOY four at $Z and proceeds for years 4 through 9 at $2Z, $3Z,..., what is the valu

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Answer:

$778.05625

Explanation:

The computation of the amount of repayment is shown in the attachment below:

Given that

Proceeds for year 4 through 9 at $2Z, $3Z

The Principal of the loan amount = $10,000

Interest rate = 7% per year

Based on the given information, the value of Z or the amount of repayment is

= Principal of the loan amount ÷ Total annuity

= $10,000 ÷ 12.85254119

= $778.05625

6 0

2 years ago

In order to sell more goods​ and/or services, what must a monopoly​ do?

In order to sell more goods and/or services, what must a monopoly do?