BUSINESS HIGH SCHOOL

_____ are rules that prevent the creation and behavior of monopolies.Patents
Competitions
Antitrust laws

Answers

Answer 1
Answer: These are called anti trust laws, or competition laws. These laws protect the purchaser from being bullied in their purchases by large companies. Antitrust laws are in the US, while China calls them Anti-monopoly laws, and Europeans call them Competition laws.
Answer 2
Answer:

antitrust laws..........

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Abbey Co. sold merchandise to Gomez Co. on account, $25,700, terms 2/15, net 45. The cost of the goods sold was $14,731. Abbey Co. issued a credit memo for $3,100 for merchandise returned that originally cost $1,458. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co. on the above transactions?

Answers

Answer:

Abbey Co.

Amount of gross profit earned by Abbey Co:

Net Sales =            $22,600

Cost of goods sold  13,273

Gross profit            $8,327

Explanation:

a) Data and Calculations:

Sales = $25,700

Sales returns = 3,100

Net Sales = $22,600

Cost of goods sold =               $14,731

Inventory returned                     1,458

Adjusted cost of goods sold $13,273

The gross profit is a function of sales revenue and cost of good sold.  It is the first profit that is determined in the income statement.  It tells the efforts of management to turn sales revenue into some profits, which will be used to offset the period's expenses before the net income could be arrived at.

Explain the following statement: Although the balance sheet can be thought of as a snapshot of a firm’s financial position at a point in time, the income statement reports on operations over a period of time.

Answers

Answer:

The balance sheet shows the financial position on a specific date. It provides a snapshot of the asset, liabilities and equity position of the company.

whereas in case of income statement it shows the revenues and expenditure incurred during a period of time.

Explanation:

Which action will help increase a low FICO score?A.) Reducing credit card balances.
B.) Holding payment on bills.
C.) Applying for credit more frequently

Answers

Reducing credit card balances is the action will help increase a low FICO score. 

The FICO mortgage score is between 300 and 850. Higher scores indicate lower credit risk. Each individual actually has 65 credit scores for the FICO scoring model because each of three national credit bureaus, Equifax, Experian and TransUnion, has its own database.

When ski butternut reduced the first time skier package from $135 to $75, first time skiers:a. experienced unitary elasticity for ski lessons.

b. saw a profit maximization scheme based on discounting the first visit and charging a lot more once the skier is hooked.

c. saw a perceived reasonable value for an activity they haven't tried yet.

d. bartered for lower priced rentals?

Answers

Answer:

When ski butternut reduced the first time skier package from $135 to $75, first time skiers:

a. experienced unitary elasticity for ski lessons.

b. saw a profit maximization scheme based on discounting the first visit and charging a lot more once the skier is hooked.

c. saw a perceived reasonable value for an activity they haven't tried yet.

d. bartered for lower priced rentals?

Explanation:

The correct answer is 'b', The ski butternut used a strategic approach where they are offering a discounted package for first timers to attract them and once the skiers are comfortable and hooked they would again increase their prices and charge the skiers the high price now.

Which of the following is NOT a chief advantage of mass transit over other forms of transportation?a. Economy.
b. Energy conservation.
c. Flexible door-to-door service.
d. Freedom from car owner responsibilities.

Answers

I believe it's D. Freedom from car owner responsibilities. Mass transit or public transit enable to carry a bigger number of persons in one way transport. Thus, it helps the economy to grow at the same time, it saves energy since in just 1 transport a lot of people can already ride on it. Plus, it gives flexible door to door services

One key to effective implementation is setting: schedule of events milestones milestones
good managers in motion
goals

Answers

Is setting scheduled of events and milestones

Setting milestones alone is not enough in order to achieve effective implementation. You should also set aside a deadline to achieve your milestones so you can always keep track on your progress in achieving your Goals
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