Concentrated industries differ from fragmented industries in that in concentrated industries:
What will be an ideal response?
businesses tend to keep their competition rather polite.
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Consider a bond that has a present value of $1,000. If the annual rate of interest is 7 percent, the future value of the bond after a year is
A. $930.00. B. $934.58. C. $1,000.00. D. $1,070.00.
Qualitative forecasting methods are most appropriate when there is good historical data available or when experts do not have market intelligence that is critical in making the forecast
Indicate whether the statement is true or false.
Quentin questions whether there is consideration for his contract with Rainey to exchange his performance with the Saxophone Symphony for her payment of a certain amount. To constitute consideration, there must be A) ?a payment
B) ?a performance. C) a bargained-for exchange. D) ?serious thought underlying each party's intent to contract.
On January 1, 20X8, Parent Company acquired 90 percent ownership of Subsidiary Corporation, at underlying book value. The fair value of the noncontrolling interest at the date of acquisition was equal to 10 percent of the book value of Subsidiary Corporation. On Mar 17, 20X8, Subsidiary purchased inventory from Parent for $90,000. Subsidiary sold the entire inventory to an unaffiliated company for $120,000 on November 21, 20X8. Parent had produced the inventory sold to Subsidiary for $62,000. The companies had no other transactions during 20X8.Based on the information given above, what amount of sales will be reported in the 20X8 consolidated income statement?
A. $120,000 B. $58,000 C. $90,000 D. $62,000