Problem on pricing and output decisions
Provide an example of a company that fits the following categories and briefly explain why the company fits this category:
a. Perfect Competition
b. Monopoly
c. Monopolistic Competition
d, Oligopoly"
Expected delivery within 24 Hours
Why is there so much advertising in monopolistic competition? Pick a product that you have purchased in a monopolistically competitive market structure and tell us how advertising
Eager Co. receives $20,000 cash in advance for 4 months of legal services on October 1, 2011, and records it by debiting Cash and crediting Unearned Revenue both for $20,000.
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Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $2,400,000. The building was completely furnished.
Angel's net income for the year ended December 31, 2011, was $6 million. The income tax rate is 20%. What is Angel's basic earnings per share for 2011, rounded to the nearest cent?
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Kendall borrowed $750,000 on a construction loan at 12% interest on January 1, 2011. This loan was outstanding throughout the construction period. The company had $4,500,000 in 9% bonds payable outstanding in 2011 and 2012.
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