Thinking about market structure... a) For each of the following explain the degree of market power the seller has, and whether the market power is due to limited competitors, product differentiation, or both.
i) The Toyota Corolla, the best selling passenger vehicle in the world in 2017.
ii) Heartland Mills, a grower of wheat in Wichita County, Kansas.
iii) Archer Daniels Midland (ADM), the largest producer of Lysine, a standardized amino acid used by farmers as a feed additive. ADM competes with a few large corporations in Europe and Japan.
iv) McDonald's, the most popular fast food restaurant in the United States.
b) For each of the following state whether the market is most accurately described as perfectly competitive, monopoly, oligopoly, or monopolistic competition, and briefly explain your answer.
i) Seattle City Light, the sole supplier of electricity to the Seattle metro area.
ii) The aircraft manufacturing industry.
iii) The dry cleaning industry. The market for smart phones. The hotel industry.

Net income and owner's equity for four businesses four different proprietorships, jupiter, mars, saturn, and venus, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of owner's equity, are summarized as follows: total assets total liabilities beginning of the year $550,000 $215,000 end of the year 844,000 320,000 on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first determine the amount of increase or decrease in owner's equity during the year.) jupiter: the owner had made no additional investments in the business and had made no withdrawals from the business. mars: the owner had made no additional investments in the business but had withdrawn $36,000. saturn: the owner had made an additional investment of $60,000 but had made no withdrawals. venus: the owner had made an additional investment of $60,000 and had withdrawn $36,000. jupiter net income $ mars net income $ saturn net income $ venus net income $

Why has the free enterprise system been modified to include some government intervention?

The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?