The answer to the question is: Days Sales Outstanding = 167.4 days (rounded to 1 decimal place)
Accounts Receivable Turnover = 2.2 times (rounded to 1 decimal place)
Days Sales Outstanding = (Accounts Receivable / Total Credit Sales) x Number of Days in the Year
Accounts Receivable Turnover = Total Credit Sales / Average Accounts Receivable
To calculate the days' sales outstanding, we first need to find the accounts receivable. We can do this by taking the average of the opening and ending balances:
Accounts Receivable = (Opening Balance + Ending Balance) / 2
Accounts Receivable = ($218,000 + $157,000) / 2
Accounts Receivable = $187,500
Next, we need to find the total credit sales, which is 50% of the total sales amount:
Total Credit Sales = Total Sales Amount x 50%
Total Credit Sales = $819,000 x 50%
Total Credit Sales = $409,500
We also need to know the number of days in the year, which is typically 365:
Number of Days in the Year = 365
Now we can plug these values into the formula for days' sales outstanding:
Days Sales Outstanding = (Accounts Receivable / Total Credit Sales) x Number of Days in the Year
Days Sales Outstanding = ($187,500 / $409,500) x 365
Days Sales Outstanding = 167.3 days
Days Sales Outstanding = 167.3 x days (rounded to 1 decimal place)
To calculate the accounts receivable turnover, we need to divide the total credit sales by the average accounts receivable:
Accounts Receivable Turnover = Total Credit Sales / Average Accounts Receivable
Accounts Receivable Turnover = $409,500 / $187,500
Accounts Receivable Turnover = 2.18 times
Accounts Receivable Turnover = 2.2 times (rounded to 1 decimal place)
We can check our answers by using the formula:
Days Sales Outstanding = 365 / Accounts Receivable Turnover
Days Sales Outstanding = 365 / 2.18
Days Sales Outstanding = 167.4 days (rounded to 1 decimal place)
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An organization that writes liability insurance to cover the liability exposure for the mining engineers that belong to its associations is:_______
Risk Retention Group is an organization that issues liability insurance to cover the liability exposure for the mining engineers who are members of its associations.
Liability insurance is a type of insurance that shields an insured party against lawsuits brought about by injury to third parties and property damage. Any legal fees and payouts that an insured party is accountable for in the event that they are held legally liable are covered by liability insurance policies. Liability insurance coverage typically do not cover intentional harm or contractual obligations. Liability insurance policies compensate third parties, not policyholders, unlike other forms of insurance.
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Although technology was not specifically mentioned in the unit, there is no denying it has become such a huge part of our lives including our fitness. what are some ways that increased technology use has negatively impacted personal fitness? what are some ways that it has helped personal fitness? explain. 1 i
The negative impact of technology on our personal fitness include sedentary lifestyle and distraction. The positive impacts are access to information and tracking and motivation.
Although technology has made our lives more convenient and connected, it has also negatively impacted our personal fitness in several ways. Firstly, the sedentary lifestyle that comes with increased screen time has led to a decrease in physical activity and an increase in health problems such as obesity, heart disease, and diabetes. Moreover, technology can also be a distraction during exercise, leading to a lack of focus and intensity, and therefore less effective workouts.
However, technology has also helped personal fitness in many ways. Firstly, it has provide access to information. Technology provides a wealth of fitness resources, such as workout videos, apps, and nutrition advice, which can help individuals make informed choices about their fitness routines. Additionally, it provides tracking and motivation benefits. Fitness trackers and apps help monitor progress, set goals, and provide encouragement, which can increase motivation and adherence to fitness programs.
Overall, while increased technology use has had some negative impacts on personal fitness, it has also created many new opportunities and tools to help people stay healthy and active. As with any aspect of life, it's all about finding a balance and using technology in a way that supports our physical and mental wellbeing.
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An Indian television producer says she wants to adapt a Hindu text into an action-packed miniseries that will attract millions of viewers. Which text would be the best suited for this project
Based on the provided information, the text would be the best suited for this project is Rāmāyana.
What is Rāmāyana?Rāmāyana serves as the second major Sanskrit epics of ancient India as well as one of the crucial text of Hinduism.
Therefore, for the Indian television producer to adapt a Hindu text into an action-packed miniseries which will make the program to get millions of viewers is Rāmāyana.
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Suppose that Third Fidelity Bank currently has $200,000 in demand deposits and $130,000 in outstanding loans. The Federal Reserve has set the reserve requirement at 10%.
Reserves?
Required Reserves?
Excess Reserves?
At the tip of a year once a corporation earns a profit-bound portion of its maintenance within the business to satisfy future contingencies, growth prospects, etc. This quantity of cash unbroken aside is termed as reserves.
Reserves:
= Demand Deposits - Loans
= $200,000-$130,000
=$70,000
What are Required Reserves?
=Demands Deposits x Require Reserve Ration
= $200,000x0.1
=$20,000
What are Excess Reserves?
=Demands Deposits x Required Reserve Ratio
=$200,000x0.1
=$20000
Excess reserves are a security buffer of types. monetary corporations that carry excess reserves have an additional life of safety in the event of sudden loan loss or important money withdrawals by customers. This buffer will increase the protection of the banking industry, particularly in times of economic uncertainty.
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Steel mill inc. Makes steel forms of substandard quality. Tower building company has never bought or used a steel mill form, but files a suit against the firm, alleging that its products are defective. The defendant’s best ground for dismissal of the suit is that the plaintiff does not have:.
The best ground on which the defendant ( Company S ) can dismiss the suit filed by the plaintiff (Company T) is the standing to sue.
What is standing to sue?Standing to sue refers to a situation where the plaintiff who has filed the case must prove with appropriate proof of having damages or injuries in respect of the conduct of the defendant.
In the provided case, Company T has to prove that the products of Company S are actually defective through appropriate evidence. If Company T can't able to prove their alleged claim before the court, then the case is decided in the favor of the defendant party, that is, Company S.
Therefore, the standing to sue can be used as a ground by Company S for dismissing the claim of Company T.
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7. What is the purpose of the risk score and how is it calculated?
a tax imposed on the sellers of a good will raise the
A tax imposed on the sellers of a good will raise the price buyers pay and lower the effective price sellers receive.
What is tax?The term tax is referring as, A tax is a mandatory commercial as the undertaking charge or some other type of levy bring down on the taxpayer (an individual or legal entity) by a polity social group.
As, when the tax imposed on the sellers of a good will raise the overall cost of production that of the good will increase, as this quantity was supplied at the every price level.
Therefore, As a result, the demand of the supply analysis, the curves will shift in the left as responses in the tax.
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With respect to personal finance, what is the name of the most commonly used credit scoring system intended to help lenders predict how likely an individual is to repay a loan, or make credit payments on time?.
FICO Score i.e. Fair Issac Corporation Score is the most commonly used credit scoring system intended to help lenders for personal finance
The Fair Isaac Corporation developed a credit score called a FICO score (FICO). Borrowers' FICO scores and other information from their credit reports are used by lenders to evaluate their credit risk and decide whether or not to grant credit.
When calculating credit worthiness, FICO scores use information from five categories: payment history, current debt load, credit kinds used, length of credit history, and new credit accounts.
Between 300 and 850 is the full FICO score range. A "good" credit history is often indicated by scores in the 670 to 739 area, and most lenders will view these scores favourably. In comparison, it could be challenging for consumers with credit score in the range of 580 to 669 to acquire financing at competitive rates.
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Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your recommendation for the best financial choice in their situation.
Answer: first one
As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.
Explanation:
credit to mohammedalm2
Is the capacity to have inventory present when and where it is desired by a customer?
Product Availability is the capacity to have inventory present when and where it is desired by a customer.
What is product availability?Product availability is the ability of a store to meet customer demand for a specific item. Retailers may provide thorough information on product availability to help customers with planning and decision-making.
Consistent product availability is essential to the success of your retail business because it provides the framework for your merchandising and draws in your target audience by providing them with the necessities to meet their needs.
Thus, it is product availability.
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What are some benefits to private ownership? Select three answers.Private ownership provides offices for government workers.Private ownership provides land or goods for all citizens to use.Private ownership can make it possible for a business to earn money.Private ownership might help a person move to another economic class.Private ownership allows a person to own goods that may increase in value.
Answer:
Private ownership can make it possible for a business to earn money
Private ownership might help a person move to another economic class
Private ownership allows a person to own goods that may increase in value.
Explanation:
Private ownership is a type of system that allocates objects and things to a particular individuals to use and manage as they please, to the exclusion of others and to the exclusion of any detailed control by society. Legally, private ownership refers to the ownership of property by non-governmental legal entities. Financial benefits or loss,that may arise from the ownership of the property is left to the owner alone to manage.
Ownership is termed as the state or the fact that the owns the rights and the control over the property or the following asset of the firm or the corporate.
The correct options are:
Private ownership can make it possible for a business to earn money Private ownership might help a person move to another economic class Private ownership allows a person to own goods that may increase in value.
Private ownership is a type of system that allocates objects and things to a particular individual to use and manage as they please, to the exclusion of others and to the exclusion of any detailed control by society. Legally, private ownership refers to the ownership of property by non-governmental legal entities. Financial benefits or loss, that may arise from the ownership of the property are left to the owner alone to manage.
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Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Motor Works, Inc. has declared a $20,000 cash dividend to shareholders. The company has 5,000 shares of $15-par, 10% preferred stock and 10,000 shares of $20-par common stock. The preferred stock is non-cumulative. How much will the preferred and common stockholders receive on the date of payment?
Answer: $7,500 preferred stock, $12,500 common stock
Explanation:
Given that:
Total cash Dividend = $20,000
Preferred stock:
5,000 shares of $15-par, 10%
Therefore ;
preferred stock balance = number of share × price × rate
5000 × $15 × 0.1 = $7,500
Balance of common stock is therefore ;
Total cash Dividend - balance of preferred stock
$20,000 - $7,500 = $12,500
1(a). (TRUE or FALSE?) If projects A & B are mutually exclusive and their NPVs are less than zero, accept both projects.
1(b). (TRUE or FALSE?) Internal rate of return method shows how many years take to recoup the initial investment.
1(c). (TRUE or FALSE?) Any time you consider investing in a project, you will not actually receive the IRR unless you can reinvest the project’s intervening cash flows at the IRR.
The correct answer is-
1(a). FALSE. If projects A & B are mutually exclusive and their NPVs are less than zero, accept both projects.
1(b). FALSE. Internal rate of return method shows how many years take to recoup the initial investment.
1(c). TRUE. Any time you consider investing in a project, you will not actually receive the IRR unless you can reinvest the project’s intervening cash flows at the IRR.
1(a). FALSE. If projects A & B are mutually exclusive and their net present values (NPVs) are less than zero, it would not be advisable to accept both projects. When projects are mutually exclusive, it means that choosing one project automatically excludes the other. In such cases, it is generally recommended to accept the project with the higher positive NPV or reject both projects if their NPVs are negative. Accepting both projects with negative NPVs would likely result in a net loss for the company.
1(b). FALSE. The internal rate of return (IRR) method does not directly show how many years it takes to recoup the initial investment. The IRR is the discount rate at which the present value of the project's cash inflows equals the present value of its cash outflows, resulting in an NPV of zero. It represents the rate of return generated by the project over its entire duration. While it is related to the payback period (the time it takes to recover the initial investment), the IRR does not provide a direct measure of the payback period.
1(c). TRUE. Any time you consider investing in a project, the actual realization of the internal rate of return (IRR) depends on the ability to reinvest the project's intervening cash flows at the IRR. The IRR represents the rate of return that equates the present value of the project's cash inflows with the present value of its cash outflows. If the intervening cash flows can be reinvested at the IRR, then the project will achieve the calculated IRR. However, if the company cannot reinvest the cash flows at the IRR, the actual realized rate of return may differ from the IRR.
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Which industries employ the largest number of people in the United States?
The education and health services industry employed the largest number of people in the United States.
The education and health sectors are important pillars of the US economy. The health sector was instrumental in the post-2008 economic recovery. Employment growth here is about seven times that of the overall economy.The growth is driven by an aging population and increase in lifestyle diseases.
The emergence of online education has also added significantly to the growth in jobs in the education industry. In 2021, these industries employed about 35 million people. These sectors also receive the highest public investment. But there are significant problems here. This includes the continuing gender pay gap.
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1. Describe how SaksFirst builds loyalty for Saks Fifth Avenue.
SaksFirst built loyalty for Saks Fifth Avenue by broadening its reach and offering more benefits like:
free membership for cardholders without minimum spending earning points toward SaksFirst card with first purchases and free shipping from Saks stores.How do brands build loyalty?Customers only continue to buy or patronize a brand if they feel they can trust the company, this is brand loyalty. Loyalty can be achieved through engaging customers, being reliable, keeping the price reasonable and incentives.
In the case of SaksFirst, they built loyalty by offering free memberships to Saks Fifth avenue customers, giving points for first card purchase and free shipping.
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Why doesn't the Lorax do anything to stop the Once-ler (hint: he's a symbol)? What does this tell us
about the future of business decisions?
Answer:
The Lorax is a symbol of environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. This tells us that if we do not take steps to balance economic growth and environmental sustainability, it could lead to long-term negative consequences for the environment and future business decisions.
Explanation:
The Lorax is a children's book by Dr. Seuss that explores the environmental impact of economic growth and consumerism. In the story, the Once-ler begins cutting down Truffula trees to make a product called Thneeds, despite the warnings of the Lorax, who speaks for the trees and the animals that depend on them.
The Lorax represents environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. The Once-ler's actions are driven by his desire for profit, and he continues to cut down trees despite the negative impact it has on the environment. The Lorax, as a symbol of environmental awareness, is unable to stop the Once-ler from destroying the ecosystem, which ultimately leads to the disappearance of the Truffula trees and the animals that depend on them.
This lack of balance between economic growth and environmental sustainability is a lesson that has implications for future business decisions. If businesses prioritize profit over environmental sustainability, it could lead to long-term negative consequences for the environment, which could ultimately harm the economic viability of those businesses. It is important for businesses to consider the environmental impact of their decisions and take steps to balance economic growth and sustainability for the long-term health of the environment and economy.
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Using the percentage-of-receivables basis, Continental Industries estimates it has total bad debts of $25,150. If Continentalâs trial balance shows an Allowance for Doubtful Accounts with a debit balance of $8,750, which of the following adjusting entries should the firm make? Bad Debt Expense = Debit of $16,400; Allowance for Doubtful Accounts = Credit of $16,400 Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $16,400 Bad Debt Expense =Debit of $16,400; Allowance for Doubtful Accounts = Credit of $33,900 Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
Answer:
Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
Explanation:
Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
Should the firm make the following adjusting entries:
Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
What is Bad Debt Expense?When a receivable is no longer collectible because a customer is unable to fulfil their obligation to pay an outstanding debt due to bankruptcy or other financial problems, a bad debt expense is recognized. For example, if a company with $2,000,000 in sales expects 2% of sales to be uncollectible, their bad debt expense would be $40,000 ($2,000,000 * 0.02). Consider a roofing company that agrees to replace a customer's roof on credit for $10,000. A bad debt is any loan or outstanding balance that a company considers uncollectible. Bad debt is normal and expected for businesses that provide loans and credit to customers. There will almost certainly be customers who are unable to repay their debts.Therefore,
Should the firm make the following adjusting entries:
Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
When a firm's allowance account has a debit balance, the firm must add the debit balance ($8,750) to the required balance ($25,150) when making the adjusting entry (resulting in a credit of $33,900). The same amount should be deducted from the Bad Debt Expense.
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Refer to the graph. Which area indicates a surplus?
(A)
(B)
(C)
(D)
Answer:
D
Explanation:
What are closing costs?
Fees added for the cleaning of a home
Fees for renovating/remodeling the home
Fees added when buying a house such as title transfer fees and lawyer fees
Fees paid by the local township
Answer:
C) Fees added when buying a house such as title transfer fees and lawyer fees
Explanation:
Sometimes news organizations have biases because:
A. they are concerned about a national crisis.
B. the government pays them to be biased.
C. they need to make money and get advertisers.
D. the audience has to be influenced.
Answer:
c
Explanation:
Sometimes news organizations have biases because they need to make money and get advertisers. Hence, option C is correct.
What is organizations?a group of people who work together in an organized way toward a common objective: the World Health Organization. The essay was about international aid organizations. more occurrences.
A structured grouping of people, such as a company, nonprofit, political party, or club, is known as an organization. These speciality schools are mostly run by nonprofit organizations. a report from the International Labor Organization.
The majority of firms today use one of three types of organizational structures: functional, departmental, or matrix. The advantages and disadvantages of each form must be considered by owners before deciding which to utilize for their business.
Thus, option C is correct.
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in a perfectly competitive market with 5,000 firms, the equilibrium price and quantity are $0.70 and 3.0 million units. the demand curve facing a firm in this market is represented by:
The demand curve facing a firm in a perfectly competitive market is represented by a horizontal line at a 0.70 equilibrium price.
What is perfectly competitive market?A perfectly competitive market is one in which the number of buyers and sellers is very large, all engaged in buying and selling a homogeneous product without any artificial restrictions and possessing perfect knowledge of market at a time.
In a perfectly competitive market, a firm cannot change the price of a product by modifying the quantity of its output.
In a perfectly competitive market, the price of a product is determined by the forces of market demand and market supply and the price is set at such a level that the quantity demanded is equal to the quantity supplied. In terms of the demand and supply curves, this occurs where the market demand and the market supply curves intersect.
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Who has the power to begin the process of raising taxes in the United States?
All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.
Who is in charge of tax increases?In accordance with Article I, Section 8, Clause 1, the Congress shall have the authority to impose and collect taxes, duties, imposts, and excises in order to pay off debts, fund the nation's general welfare, and provide for the common defense. However, all duties, imposts, and excises must be applied equally across the board.
Can a state impose a tax increase?According to the Commonwealth of Australia Constitution Act of 1900, both the federal government and state governments have the authority to levy taxes. The main limitations on the federal government's ability to do so are that its taxes cannot discriminate against particular states or regions of states, and it may only levy federal taxes on excise and customs duties.
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what is business and what is occupation
Answer:
Business:
A person's regular occupation, profession, or trade.
Occupation:
A job or profession.
Explanation:
I looked them up in a dictionary.
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What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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when would sunk costs be irrelevant for current decision making?
Sunk cost are always irrelevant when making current decisions.
Sunk cost is the cost that has already been incurred and cannot be recovered. Sunk cost should not be considered when making future economic decisions.
An example of sunk cost: A farmer buys a piece of land for $100,000. He plants on the land. Years later, the land becomes infertile. The farmer is considering selling the land. In this question, the cost of the land is sunk cost. The sunk cost is $100,000. The farmer should not consider this cost when determining if to sell the land or not.
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What is the average rate of return on a standard savings account?.
The average rate of return on a standard savings account is quite low, generally around 0.05% to 0.10%.
A savings account is a financial account that banks and credit unions provide. Savings accounts offer interest on deposits. Interest is a percentage of the deposit paid by the financial institution to the account owner. It is a type of passive income. The average rate of return on a standard savings account is typically lower than that of other forms of investment because it is very safe, with virtually no risk.
It is an excellent place to keep cash that you don't intend to spend soon. The earnings generated on savings accounts are negligible and will not keep pace with inflation. As a result, keeping a large portion of your funds in a savings account is not a great strategy.
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Suppoe that the government regulate the price that a natural monopolit can charge to be equal to the firm' average total cot. Then the firm will
A natural monopolist can charge to be equal to the firm's average total cost. Then the firm will: average cost pricing rule. The correct answer is false.
A monopoly, as defined by way of Irving Fisher, is a market with the "absence of competition", creating a situation wherein a particular person or employer is the only supplier of a particular factor.
A monopolist refers to a character, institution, or corporation that dominates and controls the marketplace for a particular accuracy or carrier. With this lack of competition and shortage of substitute goods or offerings approach the monopolist wields sufficient power inside the market to rate high expenses.
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how are you avalon23413?
Answer:
im great
Explanation: