Answer:
B. $2,000 loss
Explanation:
The amount recognized for gain/ loss on disposal of asset = purchased price - depreciation - sold price
= $32,000 - $16,000 - $18,000
= - $2,000
-> loss of $2,000
Answer:
D. Earn short run economic profits
Explanation:
A cartel can be defined as a formal agreement reached (collusion) in an oligopolistic industry between two or more business firms that are saddled with the responsibility of producing goods and services in order to make price and output decisions such as price regulation, total level of output or supply, allocation of customers, market shares, territory allocation, division of profits, collusive bidding etc.
This ultimately implies that, when a group of independent firms in an oligopolistic industry collude by reaching a formal agreement to regulate supply, as well as manipulate or regulate prices, they do so to increase their profits and market dominance.
Hence, firms colluding earn short run economic profits.
"Redlining" is the practice of a lender of limiting the quantity of loans available; this is against the fair housing law.
<h3>Which loan kind will quickly and significantly reduce the principal balance?</h3>
Illumination: A loan's principle is fully repaid and equity is built up more quickly the shorter its tenure. The LARGEST and SPEEDIEST principle reduction would be achieved with a multiyear loan at the a 13% interest rate.
<h3>There are four crucial steps that must be taken when a lender processes a loan:</h3>
There are four crucial steps that must be taken when a lender processes a loan. Analyze the borrower's capacity for loan repayment. Determine the estimated value of the asset serving as loan collateral. Examine the title's marketability by doing some research.
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Answer: Differentiation strategy
Explanation:
Differentiation strategy is a strategy that differentiate a product or service, from other identical products that are offered by competitors in the market. Differentiation is development of a good or service, which is unique for customers, in terms of features, product design, quality, brand image, or customer service.
Differentiation strategy is one of the three Porter’s Generic Strategy. In this strategy, firms pick one or more dimensions that are considered to be vital by the consumers thereby creating a unique image in the market.
The use of mobile banking application will ease the traditional method of banking and makes the bank standout.
Answer: In the markets for factors of production, "(B) households provide firms with labor, land, and capital.".
Explanation: Companies and households interact between 2 markets.
The market of goods and services: is one in which companies sell products and services to homes.
The market of productive factors: it is one in which households sell productive factors to companies so that they can produce goods and services.