Suppose that a firm in a competitive market succeeds in producing a superior product and selling it at a price that generates a large demand. as a result, the firm's market share is almost 100 percent. meanwhile, other firms are trying to regain their market shares through research and development. is this firm a monopolist?

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.