Federal and regional laws prevent incumbent firms from dramatically lowering prices or otherwise retaliating when a new entrant joins an industry.
Answer the following statement true (T) or false (F)
False
Incumbents with deeper pockets than new entrants are able to withstand price competition for a longer time and wait for the new entrants to exit the industry-then raise prices again. Other weapons of retaliation include increased product and service innovation, advertising, sales promotions, and litigation.
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On April 1, 2019, Orbit Services received $8000 in advance of performing the services from a customer for three months of service — April, May and June. What would be the journal entry to adjust the accounts at the end of May? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A) Debit Service Revenue $2667, and credit Unearned Revenue $2667. B) Debit Unearned Revenue $5333, and credit Service Revenue $5333. C) Debit Unearned Revenue $8000, and credit Service Revenue $8000. D) Debit Service Revenue $5333, and credit Accounts Receivable $5333.
All of the following are true statements concerning the use of stocks EXCEPT:
a. There is no legal obligation to pay dividends. b. The sale of stock can improve the balance sheet. c. Shareholders never have to be repaid. d. Firms give up some control to voting shareholders. e. Dividends are paid out of pre-tax profits.
Which statement regarding the physical presence of retail stores is true?
A. Unlike in the past, most retail transactions now occur over the Internet. B. Most retail transactions occur in physical stores. C. Customers rarely integrate their digital and in-store shopping experiences. D. The number of physical stores is declining because more individual purchases are being made online. E. There are no advantages to shopping in a store versus shopping for the same product online.
The landlord's duty to provide quiet enjoyment of the premises and the landlord's duty to deliver and maintain the premises in a habitable condition are one and the same
a. True b. False Indicate whether the statement is true or false