The statement of cash flows for Surmise Company for the year ended December 31, 2024, needs to be prepared using the indirect method due to insufficient information for the direct method. Assumptions will be made regarding changes in account balances. Notably, a seven-year lease agreement was entered into for a building, with annual lease payments of $8 million starting in 2024. A spreadsheet or T-account analysis can assist in this process.
To prepare the statement of cash flows using the indirect method, changes in various account balances need to be analyzed. Cash flows from operating activities can be determined by adjusting net income for non-cash items and changes in working capital. The assumption can be made that the decrease in accounts receivable is due to the collection of outstanding balances, and the increase in the allowance for uncollectible accounts reflects an increase in bad debt expense. Prepaid expenses may have increased due to the prepayment of certain expenses.
Regarding the lease liability, the annual lease payments of $8 million are made at the beginning of each year, so the lease liability should increase by $8 million. The decrease in bonds payable may indicate repayment of debt, while the increase in notes payable suggests borrowing during the year. Changes in other account balances, such as inventory and accumulated depreciation, should be considered as well.
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In today's economy, personal selling has evolved to take on elements of customer service and marketing research. Why is this the case?
a. It is less expensive to deliver service and conduct research with the sales staff.
b. It is more time efficient because salespeople are already interacting with customers.
c. Personal selling focuses more on developing customer relationships than on generating transactions.
d. It allows salespeople to earn higher commissions for doing more work.
e. None of the above is correct.
straight salary
The "Personal-Selling" take on elements of customer service and marketing research is because (c) "Personal-Selling" focuses more on developing customer relationships than on generating transactions.
The "Personal-Selling" is defined as a sales-strategy that involves face-to-face interaction between a salesperson and a potential customer.
In the past, personal selling was often seen as a transactional-process where the primary goal was to close a sale.
In today's economy, personal selling has evolved to take on a more relationship-oriented approach, where the goal is to build long-term relationships with customers.
To build these relationships, salespeople must engage in activities that go beyond simply closing a sale. They must also provide customer service and support, answer questions and concerns, and conduct marketing research to understand customers' needs and preferences.
Therefore, the correct option is (c).
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In today's economy, personal selling has evolved to take on elements of customer service and marketing research primarily because of option c. Personal selling focuses more on developing customer relationships than on generating transactions.
Marketing research is the process of collecting, analyzing, and interpreting data related to consumer preferences, buying habits, and market trends. It is a critical component of marketing strategy and helps businesses make informed decisions about product development, pricing, promotion, and distribution. Marketing research methods may include surveys, focus groups, observation, and data analysis of sales figures, customer feedback, and online activity. The insights gained from marketing research can help businesses identify new opportunities, optimize marketing campaigns, and better understand their target audience. Effective marketing research can provide businesses with a competitive advantage by helping them make data-driven decisions that lead to more successful outcomes.
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8
Select the correct answer.
What step can an organization take to improve its culture?
OA.
conduct regular development programs for employees
OB. employ people belonging to a certain age group only
OC. keep its number of employees to a minimum
OD. employ people with similar financial backgrounds
Reset
Next
Answer: A. conduct regular development programs for employees
Explanation: Culture is the lens through which we perceive the world. It is fundamental to what you see, how we interpret what we see, and how we express ourselves. We can improve employees' abilities, knowledge, and personal growth by implementing frequent development programs. This will encourage a culture of constant learning, improvement, and involvement. This will boost morale and possibly improve overall cultural organization. We may accomplish this by holding numerous seminars and workshops to educate individuals about organizational culture, which will assist employees in making better decisions. We can also teach employees about David Hoopes model to learn more about organizational culture. It involves-
Ethnocentricity
Awareness
Understanding
Accept/Respect
Appreciate/value
Selective Adoption
Multiculturalism.
Therefore, to improve the organizational culture, we can conduct regular development programs for employees.
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An e-commerce manufacturer wants to invest $85000 in making the factory mold for a new product. Each unit will cost $2.10 to make, plus an additional $0.15 in packaging. This good will sell for $30 each but the manufacturer will incur the $5/unit shipping cost.
1. What is the fixed cost?
2. What is the variable cost?
3. What is the contribution margin?
4. What is the break-even point?
5. How many units must be sold to earn $75000 in profit?
The fixed cost is $85,000.
The variable cost per unit is $7.25.
The contribution margin is $22.75.
The break-even point is 3,736.26.
The units to be sold to have a profit of $75,000 is 7033
What are the cost functions?A fixed cost is a cost that does not change with the level of output of the good produced. Variable cost is the cost that changes with the level of output. Contribution margin is selling price per unit les variable cost per unit. Breakeven point is the point where total selling price is equal to total cost price.
Variable cost = $2.10 + $0.15 + $5 = $7.25
Contribution margin = selling price - variable cost
$30 - $7.25 = $22.75
Break-even point = $85000 / $22.75 = 3736.26
Profit = selling price - cost price
$75,000 = (30y) - ($85,000 + 7.25y)
Where y is the number of units
$75,000 = 22.75y - 85,000
$160,000 = 22.75y
y = 7033
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GirlyJ welcome and for other people
Answer:
hi mate how ya doing it been a good day
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
What are some well paying animal related jobs that don't require lots of school?
Answer:
groomer, kennel attendant, veterinary assistant, trainer, Animal Control worker.
Explanation:
these are all examples of high paying animal related jobs that do not require less of school, though depending on the facility, they may require schooling.
Agnes earns $25,000 as salary. His deductions include a tax of $3,400 and medical expenses of $1,250. He also receives a travel allowance of $1,050. What will be his net pay?
As a result of the computation, Agnes' net compensation is $21,400.
What exactly is a travel allowance?A travel allowance is a payment made by an employer to an employee to cover the costs associated with traveling for work purposes. It is a reimbursement or an advance payment for expenses such as transportation, lodging, meals, and other incidental expenses that the employee may incur while traveling for business.
To calculate Agnes's net pay, we need to subtract his deductions from his gross pay (salary + allowances):
Gross pay = salary + allowances
Gross pay = $25,000 + $1,050
Gross pay = $26,050
Deductions = tax + medical expenses
Deductions = $3,400 + $1,250
Deductions = $4,650
Net pay = gross pay - deductions
Net pay = $26,050 - $4,650
Net pay = $21,400
Therefore, Agnes's net pay is $21,400.
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True or false: An EAP only contains information on what happens during an emergency.
What are scarce resources
Answer:
Scarce resources are resources that are in limited availability.
Explanation:
Hope this helped:)
Answer:
Limited Goods or goods that are running out
Explanation:
Economic Definition of scarce resource. Defined. Scarce goods are also termed economic goods. Scarce resources are used to produce scarce goods. Like the more general society-wide condition of scarcity, a given resource is scarce because it has a limited availability in combination with a greater productive use.
Which describes the purpose of non-sufficient funds fees? A: penalize customers for writing checks for money they don't have
B:make sure customers keep sufficient funds in their account
C: pay for the costs of having bank employees
D: collect funds for withdrawals from a competitor’s machine
Answer:
A: penalize customers for writing checks for money they do not have
Explanation:
A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.
In Financial accounting, a bank statement can be defined as an official summary or list of financial transactions, which typically comprises of the amount of money that has been paid into or withdrawn from an account by an individual or business entity over a specific period of time.
Generally, a bank statement usually has the following information charges, deposits, withdrawals, including the opening and closing balance for each account held at a given the period. Thus, bank customers are advised to frequently reconcile their records with bank statements in order to prevent non-sufficient funds (NSF) checks.
A non-sufficient funds (NSF) checks refers to a check that is not honored by the bank of the issuer due to the fact that the individual or business entity has an insufficient fund. It is also known as a bounced or bad check.
Hence, the purpose of non-sufficient funds fees is to customers for writing checks for money they do not have. In the United States of America, the fee charged for non-sufficient funds (NSF) checks is between $27 to $35.
You have a $4 million portfolio consisting of a $100,000 investment in each of 20 different stocks. The portfolio has a beta of 1.1. You are considering selling $100,000 worth of one stock with a beta of 0.9 and using the proceeds to purchase another stock with a beta of 1.4. What will the portfolio's new beta be after these transactions?
Answer: 1.112375
Explanation:
Number of stocks = 20
Portfolio beta(Bp) = 1.1
Worth of stock to be sold(Ss) = 100,000
Portfolio worth(Wp) = 4,000,000
Beta of stock to be sold(Bs) = 0.9
Beta of other stock to be purchased(Bo) = 1.4
Therefore, new worth of portfolio (Np) :
(4,000,000 - 100,000) = 3,900,000
Bp = (Ss / Wp)Bs + (Np / Wp)Br
Where Br = Beta of what is left after the sale of the $100,000 stock
1.1 = (100,000 / 4,000,000)0.9 + (3,900,000/4,000,000)Br
1.1 = (0.025 × 0.9) + (0.975)Br
1.1 = 0.0225 + 0.975Br
1.1 - 0.0225 = 0.975Br
Br = 1.0775 / 0.975
Br = 1.105
New beta(Bn) :
(Ratio of sold stock × Bo) + (ratio of stock left × Br)
(100,000/4000000)1.4 + (3900000/4000000)1.105
Bn = (0.025 × 1.4) + (0.975 × 1.105)
Bn = 0.035 + 1.077375
Bn = 1.112375
How could government – sponsored grants for the private development of new technologies result in a lower national debt?
Answer: Making initial development private saves the government from funding all of the research.
Explanation:
A grant refers to an amount of money that is financial assistance thats given by the government or an organization to an individual or firm for a specific purpose. A grant is different from a loan as it isn't meant to be paid back.
Government award grants for the development of technologies, community projects, home insulation etc.
With regards to the question, a government – sponsored grants for the private development of new technologies may result in a lower national debt when the government makes the initial development private thereby saving the government from funding all of the research.
when does the right to enforce patent protection begin
ALL of the following are reasons firms change from labour intensive to capital intensive EXCEPT:
Quality
Finance
Technology
Quantity
Answer:
quantity.
Explanation
terms will change from labor-intensive to capital-intensive to increase the efficiency of Labor which will ultimately result in the increase production
Answer:
Quantity
Explanation:
Whether they implement more labours or decrease the amount of labours it hardly matters the production or quantity of productionSo option D is correct
Which education or training would best benefit graders, sorters, and equipment operators in the food product and processing system?
A. a bachelor’s degree
B. a master’s degree
C. an internship
D. a PhD
Answer:
c. an internship
Explanation:
just took the test on edge and I look at one of the answers and it said PhD so I put it and I summited it and it was wrong and gave me the right answer
Required Journal entry
Paid salary and wages Rs 55,000
PLEASE HELP
Answer:
Date Account Title Debit Credit
XX-XX-XX Salary and Wages expense Rs. 55,000
Cash Rs. 55,000
The Salaries and Wages expense account will be debited to show that this expense was incurred as expenses have a debit balance,
Cash was used to pay for the salaries and wages so it will be credited because Assets are credited when they reduce.
The most recognizable resources that a firm uses to manufacture its products, such as the firm's plant and equipment, are categorized as _____ resources.
Tangible resources are the most recognizable resources that a firm uses to manufacture its products, such as the firm's plant and equipment.
What are tangible resources?Tangible resources or asset is resources that have a finite monetary value and are usually a physical form. They are physical assets owned by a company that can be quantified with relative ease and are used to carry out its business .
Tangible resources include:
CashInventoryVehiclesEquipmentBuildings and investmentsHence, tangible resources are the most recognizable resources that a firm uses to manufacture its products, such as the firm's plant and equipment.
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your quickbooks online client spends a lot of time away from their office and you’re sure they would benefit from the mobile app.
Your Quickbooks Online client is frequently out of the office, and you are confident that they would benefit from using the mobile app to make purchases or manage payroll.
anywhere to work. To enter transactions, keep track of spending, send invoices to clients, and send reports from anywhere, use your mobile device. The Android version may look different but contains similar capabilities. Despite the fact that you can do the majority of your payroll duties using the mobile app, you must sign in to QuickBooks Payroll on the web in order to complete specific operations and the initial payroll setup. Digital payments are transactions that happen online or through other digital platforms without a physical exchange of money. This indicates that both the payer and the payee exchange money via electronic means.
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do you derive the income for which you are claiming treaty benefits?do you derive the income for which you are claiming treaty benefits?
Yes, in order to claim treaty benefits, it is necessary to derive the income for which the benefits are being claimed.
1. Determine the income for which you are claiming treaty benefits: Identify the specific type of income you are receiving, such as dividends, interest, royalties, or capital gains.
2. Review the applicable tax treaty: Consult the tax treaty between your country of residence and the country from which the income is derived. Analyze the provisions related to the specific type of income you are receiving.
3. Understand the eligibility criteria: Familiarize yourself with the requirements outlined in the tax treaty for claiming treaty benefits. These criteria may include conditions related to residency, ownership, limitation on benefits, and specific provisions for the type of income in question.
4. Establish eligibility for treaty benefits: Ensure that you meet all the criteria specified in the tax treaty. This may involve proving your residency status, meeting certain ownership thresholds, or satisfying any other relevant conditions.
5. Document the derivation of income: Gather all the necessary documentation and evidence to substantiate that you are indeed deriving the income for which you are claiming treaty benefits. This may include financial statements, contracts, invoices, or any other relevant records.
6. Apply for treaty benefits: Complete the required forms or applications as per the tax authorities' guidelines. Clearly indicate the specific income for which you are seeking treaty benefits and provide all the supporting documentation as requested.
7. Review and compliance: Ensure that you have accurately completed the application and complied with any additional requirements or procedures specified by the tax authorities. Double-check all the information provided to minimize errors or discrepancies.
8. Submit the application: Submit your application for treaty benefits to the relevant tax authority. Follow any instructions regarding submission methods, deadlines, or accompanying materials.
9. Monitor the application: Keep track of the progress of your application and respond promptly to any additional requests for information or clarification from the tax authorities.
10. Maintain records: Retain copies of all the relevant documents, applications, and correspondence related to your claim for treaty benefits. These records will be essential for future reference or in the event of an audit or review by tax authorities.
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do you feel that countries and companies need explicit strategies for technology development, given the tremendous amount of largely spontaneous creativity that occurs today, often in areas where new technologies are not expected to exert a great influence.
Countries and businesses require explicit strategies for technological development, according to the current market and business scenario, companies and countries use the most recent and up-to-date technologies.
What is meant by explicit strategies?Explicit strategies for technological development are unnecessary for countries and businesses. They may desire it in order to improve business processes and adapt to new technologies. Explicit strategies are those that are well defined and implemented in order to have clear technological development to the specified business structures. Implicit strategies, on the other hand, tend to confine companies and countries to a specific way of thinking, resulting in more concise technological development. This strategy would aid in simulating innovation and creativity in technological development.Because of the increase in technological advancement and Internet usage, our reliance on technology and its applications has changed in all aspects of our daily lives. Businesses must address the current demands of modern customers and the market, so IT-enabled solutions are required to achieve organizational goals and objectives.To learn more about strategy refer to :
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Yes i feel that countries and companies need explicit strategies for technology development, given the tremendous amount of largely...in areas where new technologies are not expected to exert a great influence.
Give a brief account on technological development.The process of developing new technologies or methods through invention, innovation, and spread is known as technological change (TC) or technological development. In essence, technological change includes the creation of technologies (including processes) and their commercialization or release as open source through research and development (producing emerging technologies), the continuous improvement of technologies (in which they frequently become less expensive), and the dissemination of technologies throughout industry or society (which sometimes involves disruption and convergence). To put it simply, better and more technology are the foundations of technological change. The "Linear Model of Invention," which was once used to illustrate technological change, has largely been abandoned in favour of a model of technological change that incorporates innovation at all stages of research.
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In which careers could someone be self employed? Check all that apply. Greenhouse Manager Animal Breeder Public Parks Groundskeeper Food Inspector Baker Recycling Facility Inspector Agricultural Equipment Operator.
The careers where an individual can be self employed include:
Greenhouse manager.Animal breeder Baker.Agricultural equipment operator.A self-employed person simply means an individual who earns their living from any independent pursuit of economic activity.
It's the state of working for oneself. Examples include greenhouse manager, animal breeder, baker, and gricultural equipment operator.
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Answer:
Greenhouse manager.
Animal breeder
Baker.
Agricultural equipment operator.
Explanation:
PLZ HELP EXTRA POINTS!!!
The Constitution set up a federal system of government by ____.
A. distributing power among three branches of government
B. dividing power between the National Government and the States
C. providing a formal amendment process
D. giving the President the power to veto an act of Congress
Answer: its A
Explanation:Because it based on the three banches.
Compare and contrast the procedures used in both statements of cash flows in the readings and discuss the case of and its impact on ethics in financial reporting in a research paper. Key on the differences between the Indirect and Direct Methods of Reporting the Statement and quirks of each.
See Accounting Standards Update (ASU) Statement of Cash Flows - Topic 230.
In financial reporting, statement of cash flows is used to reveal the sources and uses of cash by a company over a period of time. There are two methods for presenting cash flow statements: direct method and indirect method. The direct method and the indirect method are the two methods of presenting the cash flow statement.
The direct method is more specific and precise, while the indirect method is more common and straightforward. The direct method presents actual cash inflows and outflows during the reporting period. On the other hand, the indirect method begins with net income and makes necessary adjustments for non-cash transactions and cash flows not affecting operating activities.The direct method provides a more precise picture of the company's cash inflows and outflows. However, since the direct method requires a lot of information, it is often more expensive to use. In comparison, the indirect method is less expensive because it only requires a single line item to determine operating cash flow. This is the most significant difference between the two methods. In conclusion, the statement of cash flows is a vital component of financial statements. It depicts the flow of cash into and out of a company over a specified time. The direct method and the indirect method are the two methods used to present the cash flow statement. They both have quirks and differences, which must be considered. Therefore, in financial reporting, it is important to choose the method that best fits the company's needs.Learn more about cash flow:-
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
To examine
the weekly payroll of all employees, one would look at the:
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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What are the three types of money you should use when paying for college, and what type of money are scholarships and grants?.
Loans, grants, and work-study are the three categories of federal financial aid.
Grants are typically offered based on financial need, whereas scholarships are merit-based and given to students based on their academic performance, extracurricular involvement, field of study, and other factors.
Financial aid is cash that you are given or lent in order to help you pay for college. Financial aid that you don't have to pay back includes grants and scholarships. They are known as gift aid because of this.
Some college finance methods are:
Try to get a scholarship. Obtain a college grant by applying. Like scholarships, grants for college are based on financial need and are not repaid.Federal student loans and private student loans.Work study programmes at colleges.To know more about college scholarship refer to the given link:
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Starbucks created the Starbucks College Achievement Plan that offers eligible
employees full tuition to earn a Bachelor's degree in partnership with Arizona State
University. This action represents the
dimension of social responsibility.
The aforementioned action represents the philanthropic activities dimension of social responsibility.
What is CSR?CSR is abbreviation for corporate social responsibility and it can be defined as a business organization's (company's) obligation to act in a manner that benefits and adds significant value to the society and the people living in the environment where it operates, and usually as it conduct its business operations.
Basically, corporate social responsibility (CSR) is typically focused on improving the society through any positive and beneficial means possible.
Corporate social responsibility requirements stages.Generally speaking, there are four different corporate social responsibility requirements stages and these include the following:
Financial and economic viability.Compliance with legal and regulatory requirements.Ethics, principles, and values.Philanthropic activities such as offering eligible employees full tuition, in order to enable them a Bachelor's degree.In this context, we can reasonably infer and logically deduce that the aforementioned action represents the philanthropic activities dimension of social responsibility.
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a) Suppose Portugal and England are close trading partners,
where Portugal sells wine to England and buys textiles in exchange.
The resulting trade balance of Portugal is in a deficit. How would
the �
If Portugal has a trade deficit with England, it means that the value of its imports of textiles from England exceeds the value of its exports of wine to England. A trade deficit indicates that Portugal is importing more goods than it is exporting, resulting in a negative trade balance.
The trade deficit can have several implications for Portugal. Firstly, it implies that Portugal is relying heavily on imports to meet its domestic demand for textiles. This can indicate a potential competitiveness issue in Portugal's textile industry, as it is unable to produce textiles at a competitive price compared to England.
Secondly, the trade deficit implies that Portugal is not generating enough export revenue from its wine sales to offset its import expenditure on textiles. This can put pressure on Portugal's foreign exchange reserves and may require the country to borrow or attract foreign investment to finance the trade deficit.
To address the trade deficit, Portugal could focus on improving the competitiveness of its textile industry through technological advancements, investment in research and development, and skill development of its workforce. Additionally, promoting and marketing Portuguese wine in international markets to increase export volumes and diversify export destinations can help improve the trade balance.
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Analyse the causes of a reduction in borrowing by households
Answer:
Overall, a reduction in borrowing by households can be driven by a range of factors, including economic conditions, changes in interest rates, tighter lending standards, debt burden, and shifts in consumer behavior.
Explanation:
There are several reasons why households might reduce their borrowing:
Economic conditions: Economic downturns or recessions can lead to a decline in household incomes, making it difficult for households to continue borrowing. In such situations, households may need to cut back on expenses and reduce their borrowing to avoid falling into debt.
Increase in interest rates: A rise in interest rates can make borrowing more expensive, which can discourage households from taking out loans or credit. Higher interest rates can also increase the cost of existing loans, which may make it difficult for households to repay their debts.
Tighter lending standards: Lenders may become more cautious in their lending practices, which can make it more difficult for households to obtain loans or credit. This could be due to regulatory changes, such as the introduction of stricter lending criteria or a crackdown on predatory lending practices.
Debt burden: If households already have high levels of debt, they may choose to reduce their borrowing in order to avoid becoming overburdened with debt. This can be particularly true if they are struggling to make repayments on their existing loans or if they are concerned about the impact that further borrowing could have on their credit rating.
Changes in consumer behavior: Households may choose to reduce their borrowing as a result of changes in consumer behavior, such as a shift towards more frugal spending or a focus on saving rather than borrowing. This could be driven by factors such as a desire to reduce financial risk or a growing awareness of the importance of financial sustainability.
Overall, a reduction in borrowing by households can be driven by a range of factors, including economic conditions, changes in interest rates, tighter lending standards, debt burden, and shifts in consumer behavior.
Which situation describes an oligopoly market structure? A. One company builds and sells all of the cars available in a developing country. B. Many different vendors sell the same few T-shirt designs to fans at a concert. C. Solar panels are only available from two companies operating in a country. D. A government gives one company full control over water treatment in a city.
Answer:
Answer C
Explanation:
Answer:C)
Explanation:just got it right<3