BUSINESS HIGH SCHOOL

A new real estate professional is getting to know licensees at his new firm, Tremont Homes. One licensee tells him there's an unwritten agreement with a neighboring firm that Tremont serves the mid-town area, and everyone who has prospective clients in that area refer their leads to Tremont. What's this an example of

Answers

Answer 1
Answer:

Answer:

Market allocation.

Explanation:

Market allocation refers to a form of horizontal trade arrangement in which various competitors decide to limit their respective business practices to particular aspects such as particular territories, specified products, particular regional zones, and specific set of customers. Therefore, market allocation provides competitors the opportunity to establish large channels of local monopolies. As per the question, Tremont establish monopoly in that area and it unfairly limits the options of customers.

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Indicate how each of the following developments would affect the supply of money, the demand for money, and the interest rate. development effect on... supply of money demand for money interest rate the fed’s bond traders buy bonds in open-market operations. an increase in credit-card availability reduces the cash people hold. the federal reserve reduces banks’ reserve requirements. households decide to hold more money to use for holiday shopping. a wave of optimism boosts business investment and expands aggregate demand.

Answers

1) The Fed's bond traders buy bonds in open-market operations.
- Increase supply of money
-Decrease demand for money
2) Increase in Credit Card availability reduces the cash people hold
- Increase supply of money
- Decrease demand for money
3) The federal reserve reduces banks' reserve requirements 
- Decrease supply of money
- Increase demand for money
4) Households decide to hold more money to use for holiday shopping.
- Decrease supply of money
- Increase demand for money
5) A wave of optimism boosts business investment and expands aggregate demand. 
- Increase supply of money
- Decrease demand for money 

A monopoly exists when _____ provides a good or service.

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A company controls the market for a good or service

13 ___________ is associated with success for managers and salespeople.

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Extroversion is associated with success for managers and salespeople. If you are extroverted, and know your way around people, you will be more likely to be successful when it comes to these kinds of jobs.

Supply curves are created when the data from a answers:
a. demand curve is graphed.
b. demand schedule is graphed.
c. supply schedule is graphed.
d. store's daily receipts is collected

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Supply curves are created when the data from a supply schedule is graphed. The correct answer is C. 

A firm with $900,000 in sales, cash on hand of $1,150,000, liabilities of $400,000 and total assets of $2 million has a total asset turnover of ______ times.

Answers

Answer:

0.45

Explanation:

Total Asset turnover is the relationship between the total asset and the total sales.  It measure the turnover generated by assets and shows how fully a company is utilizing its assets.

It is calculated as  Net Sales / Average Total asset.

Average total asset is calculated as  Asset at Beginning  + Asset at closing / 2

Applying the formula

The total sales = $900,000  while the total asset is $2, 000,000

$900,000/$2,000,000 =  0.45

Note: The beginning and closing Asset were not given so $2,000,000 is regarded to as the average asset.

Gilbert Company made an ordinary repair to a delivery truck during 2016 at a cost of $500 and capitalized the repair cost. What is the effect on the 2016 financial statements as a result of the incorrect capitalization?

Answers

Answer:

The answer is:

Asset will be overstated

Net income will be overstated

Explanation:

Because of the incorrect capitalization(the process of converting or adding to a firm's asset):

1. Assets are overstated. Assets that shouldn't are added to the entire assets are added. So it's increasing the company's asset whereas it's not.

2. Net income are overstated. Because depreciation too will have to be charged for the asset that wasn't there, therefore, net asset will be overstated.
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