In a perfectly competitive market, state the condition (clearly) that causes firms to enter the market? When does the entry and exit of firms from the perfectly competitive industry end? (micro economic question)....write it in your own words :)

Answer:

B

Explanation:

Answer:

1,800 units

Explanation:

With regards to the above, we need to find first the contribution margin of Q drive.

Contribution margin of Q drive = Selling price - Variable costs per unit

= $90 - $30

= $60

We will also find contribution margin of Q drive plus

Contribution margin of Q drive plus = Selling price - Variable costs per unit

= $135 - $45

= $90

Therefore, the combine contribution margin for both drive

= 30% × $60 + 70% × $90

= $18 + $63

= $81

The next step is to find the total break even point

= Crane company's fixed costs / Combined contribution margin

= $486,000 / $81

= 6,000 units

Furthermore, it means that Q drive would be sold at the break even point = Total break even point × Sales mix

= 6,000 × 30%

= 1,800 units

Answer: B. shifts the budget constraint outward

Explanation:

An increase in the income of a consumer will bring about an outward shift of the budget constraint. This is because when the income of a consumer rises, such consumer can buy more goods and services.

Also, a decrease in income will result into an inward shift of the budget constraint. This is because lesser goods are purchased.

Answer:

Product

Explanation:

The product structure is a structure that gives an overview of the product to the customers and according to the customer needs and wants the product could be customized. Also the company have to see the customer taste and preferences and modify there products from time to time so that the company could able to accomplish its sales target

Here in the question, the company focused on each and every different industry that the company serves

So this represents the product structure

Answer: C) Marginal cost may change but marginal revenue remains the same

Explanation:

In a perfect competition the price is set by the market which means that one individual firm cannot change the price. This means that the marginal revenue for everyone is the same. If your firm decided to double its output, total revenue might change but marginal revenue will remain the same.

The marginal cost may change as well because marginal cost is unique to firms so if your firm wants to double output, it might find that it will cost more or less to produce an additional unit of a good.

Answer: $1275000

Explanation:

From the question, we are informed that a theater generates $100,000 per year in net income and it is expected to grow at 2% per year.

The selling price of the theater if someone offers to buy will be:

= net income × (1+g) / (r-g)

= $100,000 × (1 + 2%) / (10% - 2%)

= $100,000 × (1.02) / (0.08)

= $1275000

The amount of money which the theater owner should charge as the selling price of the theater is:

According to the given question, we are asked to calculate the selling price of a movie theater, when we factor in the net  income, expected growth, etc.

As a result of this, we can see that to make the necessary calculations, we have to take note of some important things such as:

Net income

Expected growth rate

The net income is $100, 000 per year

The expected growth rate is 2% per year

With this in mind, the owner can calculate the selling price as net income × (1+g) / (r-g) which would give us $100,000 x 91.02)/ (0.08)

= $1275000

Therefore, the correct answer is $1275000

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Answer:

a. $4.00 per unit

Explanation:

Variable costs are those costs that varies with output level e.g labor cost, while fixed costs are those costs that do not change irrespective of output level. eg rent.

Given that ,

Total cost = $890,000

Total fixed cost = $800,000

Variable cost = Total cost - Total fixed cost

Variable cost = $890,000 - $800,000 = $90,000

Number of units = 200,000

Fixed cost per unit = Total fixed cost / Number of units

Fixed cost per unit = $800,000 / 200,000 = $4 per unit

Answer:

Manufacturing cost= $92.5

Explanation:

Giving the following information:

Predetermined overhead rate= $4.2 per machine hour

Job 664:

2.5 machine hours

$26.00 of direct materials

4 hours of direct labor for $14 per hour.

To allocate overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 4.2*2.5= $10.5

Now, the manufacturing cost:

Manufacturing cost= 10.5 + 26 + 4*14

Manufacturing cost= $92.5

Answer:

the number of units purchased in September is 33,000 units

Explanation:

The computation of the number of units purchased in September is shown below:

= September sales + desired ending inventory - beginning inventory

= 31,000 + 41,000 × 20% - 31,000 × 20%

= 31,000 + 8,200 - 6,200

= 33,000 units

This is the answer but the same is not provided in the given options

hence, the number of units purchased in September is 33,000 units

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Answer:

d.

Explanation:

This scenario will result in an increase in the equilibrium price and an uncertain impact on the equilibrium quantity. This is because when customers in a market want a product but there is very little supply exists it makes the product more valuable and thus increases the price since consumers are willing to pay more for that product to get their hands on it. Scarcity increases price always, but while the supply and demand of a product are not the same this causes an uncertain impact on the equilibrium quantity.

Answer:

b. increase

Explanation:

These changes have caused competition to greatly increase. This is mainly because with these changes anyone from around the world can provide the same services/products that a local retail business can provide while reaching customers from all over the world. Therefore, also competing with any retail brick-and-mortar business from any part of the world. Customers can easily communicate with these online businesses and purchase their products/services from the comfort of their homes and usually at a much better price.

Answer:

c. $44,000

Explanation:

Calculation for the amount that will be recorded as cash dividends

Cash Dividend=(25,000 shares- 3,000 Treasury stock) * $2 per share

Cash Dividend=22,000*$2 per share

Cash Dividend=$44,000

Therefore the amount that will be recorded as cash dividends is $44,000

Answer:

Bonds pay periodic interest and the repayment of par value at maturity.

Explanation:

The main disadvantages that businesses face when issuing bonds are:

Answer:

1: Increased output: The first and most important advantage of group work is, that it increases total productivity

2: More resources :The more member you have in a group, the resources you have at the end of the day...

3: Reliability: Project are safer with team than with individual.

4: proper decision making

5:Exposure to diversity.

Answer:

andvatage whem itsits when couple enoustryied withcouple walangjowa ble

Explanation:

!)

Explanation:

A company's organizational structure can be defined as the organization of the company's activities so that it operates more efficiently and effectively and achieves its objectives and goals.

Therefore, the structural dimensions of a company including formalization, standardization and centralization will directly influence the innovation of an organization in relation to several variables such as its internal environment, processes, products and services, as there are organizational structures that are more focused on innovation than others, such as the horizontal structure in relation to the vertical, since the vertical structure is the most rigid and with a higher hierarchy, while in the horizontal structure there is greater autonomy of employees and greater participation in the decision-making process, which is a more flexible environment open to innovation.

Answer:

b. $.66

Explanation:

The computation of the per share value for the one year is

Given that

Current Price = $43

Possible Prices = $42 and $46

Now

u = [($46 - $43) ÷ $43] + 1

= 1.06977

And

d = 1 - [($42 - $43) ÷ $43]

= 0.9767

And,

Risk-Free Rate = T-Bill Rate = Rf = 4.1 %

Now the up move price probability is

= [(1 + Rf) - d] ÷ [u - d]

= [(1.041) - 0.9767] ÷ [1.06977 - 0.9767]

= 0.69088

And,  

Exercise Price = $ 45

Now

If the Price is $42, so Payoff = $0

And

if the Price is $46, so Payoff =is

= ($46 - $45)

= $1

Finally the call price is

= [0.69088 × 1 + (1 - 0.69088) × 0] ÷ 1.041

= $0.66367

= $0.66

Answer:

The modern Financial System is based on a central bank that controls the monetary base (but not the money supply), and in fractional reserve banking. The implicaton of this, is that banks loan out some of the money that they obtain as deposits, and in this process they create money.

Explanation:

The Financial System is influenced by this process of money creation, because when the money that circulates in the economy (the money supply) changes, interest rates also change.

Interest rates are the price of investment, and the most important indicator that a financial manager has to take into account when making a financing decision.

Financial managers must also take into account the different types of financial institutions that exist, from hedge funds, to commercial banks, to cooperatives, and the different types of securities, from stocks, to bonds, to derivatives and futures.

Answer:

-900000000000000000000000000

Answer and Explanation:

The computation of the arithmetic and geometric return for the stock is shown below:

Arithmetic return is

= (16% + 23% + 15% - 11% + 30% - 5%) ÷ 6

= 11.33%

And,

Geometric return is

= ((1 + 16%) × (1 + 23%) × (1 + 15%) × (1 - 11%) × (1 + 30%) × (1 - 5%))^(1 ÷ 6) - 1

= 10.33%

The same is to be considered

Answer:

Pre-tax income= $50,000

Explanation:

Giving the following information:

Selling price per unit=$15 each

Unitary variable cost= $10

Fixed costs= $200,000

Sales in units= 50,000

First, we will determine the unitary contribution margin:

Unitary contribution margin= 15 - 10= $5

Now, the pre-tax income:

Pre-tax income= 50,000*5 - 200,000

Pre-tax income= $50,000

Answer: Savings on taxes of -$50,008‬

Explanation:

Book Value = $450,000

Selling Price = $271,400

Book Value is more than selling price so there is a Capital loss.

Capital gains tax will therefore become a tax saving of;

= 28% * (271,400 - 450,000)

= ‭-$50,008‬

Explanation:

Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. Goodwill represents assets that are not separately identifiable. Goodwill does not include identifiable assets that are capable of being separated or divided from the entity and sold, transferred, licensed, rented, or exchanged, either individually or together with a related contract, identifiable asset, or liability regardless of whether the entity intends to do so. Goodwill also does not include contractual or other legal rights regardless of whether those are transferable or separable from the entity or other rights and obligations. Goodwill is also only acquired through an acquisition; it cannot be self-created. Examples of identifiable assets that are goodwill include a company’s brand name, customer relationships, artistic intangible assets, and any patents or proprietary technology. The goodwill amounts to the excess of the "purchase consideration" (the money paid to purchase the asset or business) over the net value of the assets minus liabilities. It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched. Under US GAAP and IFRS, goodwill is never amortized, because it is considered to have an indefinite useful life. Instead, management is responsible for valuing goodwill every year and to determine if an impairment is required. If the fair market value goes below historical cost (what goodwill was purchased for), an impairment must be recorded to bring it down to its fair market value. However, an increase in the fair market value would not be accounted for in the financial statements. Private companies in the United States, however, may elect to amortize goodwill over a period of ten years or less under an accounting alternative from the Private Company Council of the FASB.

Answer:

C. Quantitative.

Explanation:

Here in the question it is mentioned that the research type which is used at the time when the data is gathered from structured survey that response and are in the numerical so here the numerical means the data which can be count and we called as a quantitative

Therefore the option C is correct

hence, the same is to be considered

Answer:

c. $7,500

Explanation:

Profit Maximization is a process in which an entity determines the selling price and cost of the product that results in the highest profit.

Use following formula to calculate the maximum profit

Maximum profit = Mean demand x ( Price per unit - Cost per unit )

Where

Mean demand = 500

Price per unit = $25

Cost per unit = $10

Placing values in the formula

Maximum Profit = 500 x ( $25 - $10 )

Maximum Profit = $7,500

Answer:

Goal is a set target that a person wants to achieve, while Aim is the determined course a person sets to achieve a target.

Answer:

c) $767,464.54

Explanation:

The computation of the future value of an annuity is shown below:

As we know that

Future value of annuity F =  Payment made × ((1 + rate of interest)^t - 1) ÷ r ate of interest

= $3,400 × (1.092^35 - 1) ÷ 0.092

= $3,400 × 225.7249

= $767,464.54

Hence, the future value of an annuity is $767,464.54

Therefore the correct option is c.

Answer:

a. Journal Entry

Date     Account Titles            Debit            Credit

Dec 31  Bad Debts Expense  $16,000

            Allowance for Doubtful Accounts $16,000

To record bad debts expense.

b. Journal Entries:

Date     Account Titles            Debit            Credit

Mar 1   Allowance for

           Doubtful Accounts    $1,900

            Accounts Receivable                     $1,900

To record the write-off of uncollectible account.

Date     Account Titles              Debit            Credit

May 1    Accounts Receivable $1,900

             Allowance for Doubtful Accounts  $1,900

To record the reversal of the March 1, 2020 entries.

Date     Account Titles            Debit            Credit

May 1   Cash                           $1,900

             Accounts Receivable                    $1,900

To record the receipt of check from the customer.

c. Journal Entries:

Date      Account Titles              Debit            Credit

Dec. 31  Bad Debts Expense $40,300

             Allowance for Doubtful Accounts $40,300

To record bad debts expense and bring the Allowance for Doubtful Accounts to a credit balance of $38,300.

Explanation:

a) Adjusting journal entries are necessary to ensure that the accounts are reported in accordance with the accrual concept.