Inventory methods have an impact on the amount of Cost of Goods Sold, Gross Profit, Income from Operations, Income before Income Tax Expense, Income Tax Expense, and Net Income.
Inventory refers to all of the items, goods, merchandise, and materials held by a company for the purpose of reselling in the market for profit. For instance, if a newspaper vendor uses a vehicle to deliver newspapers to customers, only the newspaper is considered inventory. The car will be regarded as an asset.
The main goal of the inventory is to guarantee that there is a constant supply of materials for operations.
To know more about Inventory, click here,
https://brainly.com/question/14184995
#SPJ4
Answer:A
Explanation:
what term describes the legal procedure of removing a tenant from a property because there is a breach of the lease or rental agreement?
Eviction describes the legal procedure of removing a tenant from a property because there is a breach of the lease or rental agreement.
One who pays rent for the residence they occupy, as well as for any land or structures they utilize, is referred to as a renter. Clear requirements for the tenant's benefit were put on the landlord by regulations. Tenant farmers were commonly entrusted with the care of landowners' estates.
Paying rent is the tenant's first and most important responsibility. The need to pay rent used to be regarded as an independent responsibility, which meant that it didn't matter whether the landlord had broken any covenants or not; the renter still had to do so.
To know more about Tenant here
https://brainly.com/question/11443047
#SPJ4
holly, incorporated has a building that originally cost $445,000. holly expects to be able to sell the facility for $107,000 at the end of its useful life. the balance of the related accumulated depreciation account is $204,000. the depreciable cost of the facility is:
Consequently, $338,000 is the facility's depreciable cost. The cost of an asset that can be depreciated over time is its depreciable cost.
What is accumulated depreciation?A reduction in an asset's book value due to recognized life-to-date depreciation is referred to as accumulated depreciation. Alternatively, accelerated depreciation is a type of depreciation in which a greater amount of depreciation is recognized earlier in an asset's life. The amount of depreciation that has been taken into account as an expense on the income statement since the company acquired the asset until the balance sheet's date is represented on the balance sheet by the word "accumulated depreciation". The gross amount of the fixed asset is decreased by the accumulated depreciation, which is recorded in a counter asset account, which has a credit balance. Since it is not an asset or liability, it is not documented.
What kind of asset is accumulated depreciation?Accumulated depreciation is the total amount of depreciation costs associated with a specific asset since the asset first came into use. It is a contra-asset account, meaning it has a negative balance that cancels out the balance in the asset account it usually goes with.
Briefing:Depreciable Cost = Cost - Residual Value
Depreciable Cost = $445,000 - $107,000
Depreciable Cost = $338,000
Consequently, the facility's depreciable cost is $338,000. An asset's depreciable cost is its purchase price when it can be depreciated over time.
To know more about Accumulated Depreciation visit:
https://brainly.com/question/28609793
#SPJ4
Metropolitan Symphony sells 200 season tickets for $50,000 that represents a five concert season. The amount of Unearned Ticket Revenue after the second concert is $20,000. True or False
True - Metropolitan Symphony sells 200 season tickets for $50,000 which represents a five-concert season. The amount of Unearned Ticket Revenue after the second concert is $20,000.
A metropolitan area or metro is a area that includes a densely populated city agglomeration and its surrounding territories sharing industries, commercial regions, shipping network, infrastructures and housing.[1][2] A metro place usually contains a couple of essential towns, jurisdictions and municipalities: neighborhoods, townships, boroughs, towns, cities, exurbs, suburbs, counties, districts, as well as even states and countries just like the eurodistricts. As social, financial and political institutions have changed, metropolitan areas have end up key monetary and political areas.
Learn more about Metropolitan here
https://brainly.com/question/1164653
#SPJ4
henderson company uses the gross profit method to estimate ending inventory and cost of goods sold when preparing monthly financial statements required by its bank. inventory on hand at the end of july was $120,500. the following information for the month of august was available from company records: purchases $ 215,000 freight-in 4,800 sales 346,000 sales returns 8,600 purchases returns 3,900 in addition, the controller is aware of $12,000 of inventory that was stolen during august from one of the company’s warehouses. required: calculate the estimated inventory at the end of august, assuming a gross profit ratio of 25%. calculate the estimated inventory at the end of august, assuming a markup on cost of 25%.
Calculate the estimated inventory at the end of August, assuming a gross profit ratio of 30%: It is $93,700. Calculate the estimated inventory at the end of August, assuming a markup on the cost of 25%. It is $69,600.
What is the estimated inventory?The gross profit approach uses current-period data on net sales and the cost of products available for sale along with the company's business gross profit percentage to estimate the value of estimated inventory. Net sales minus cost of goods sold = gross profit.
The basic formula is that ending estimated inventory equals beginning inventory + net purchases with fewer COGS. The ending inventory of the previous period is your starting inventory. The products you have purchased but also added to your stock count are the net purchases.
Learn more about Estimated Inventory here:
https://brainly.com/question/24109656
#SPJ1
The returns on the common stock of New Image Products are quite cyclical. In a boom economy, the stock is expected to return 32 percent in comparison to 14 percent in a normal economy and a negative 28 percent in a recessionary period. The probability of a recession is 25 percent while the probability of a boom is 10 percent. What is the standard deviation of the returns on this stock?
19.94 percent
E(r) = (0.10 0.32) + (0.65 0.14) + (0.25 -0.28) = 0.053
Var = 0.10 (0.32 - 0.053)2 + 0.65 (0.14 - 0.053)2 + 0.25 (-0.28 - 0.053)2 = 0.039771
Std dev = 0.039771 = 19.94 percent
The error margin of profits on this stock is 19.94%. Choice A is correct as a result.
What is the fundamental meaning of economy?A community's resource allocation is ultimately determined by a collection of interrelated processes for production and consumption collectively referred to as an economy. The creation and use of services and products in its entirety satisfy the needs of those who reside there and conduct business there.
Which are some instances of economy?The traditional economy, which uses a country's traditions and history to direct the production and sale of goods, is a well-known illustration of an economy. The main pillars of market societies are agriculture, fisheries, & hunting.
To know more about Economy visit:
https://brainly.com/question/18461883
#SPJ4
The complete question is-
The returns on the common stock of New Image Products are quite cyclical. In a boom economy, the stock is expected to return 32 percent in comparison to 14 percent in a normal economy and a negative 28 percent in a recessionary period. The probability of a recession is 25 percent while the probability of a boom is 10 percent. What is the standard deviation of the returns on this stock?
A. 19.94 percent
B. 21.56 percent
C. 25.83 percent
D. 32.08 percent
E. 39.77 percent
What are two current rising or resurgent powers that the video mentions that may be planning on changing the established international system?.
China and Russia are two current rising or resurgent powers that the video mentions that may be planning on changing the established international system.
Is China a comfortable place to live?Over the past 40 years, China has rescued more people from poverty (800 million and counting) than any other country in history. China has a greater quality of living than the majority of other countries, including the West. In China, everyone has a beautiful life that keeps becoming better.
Is China a socialist or communist country?The socialist market economy (SME) is the economic system and model for economic growth used by the People's Republic of China. The system is a market economy, with a predominance of public ownership and state-owned enterprises.
To know more about China visit:
https://brainly.com/question/9695945
#SPJ4
the efficient scale of the firm is the quantity of output that a. minimizes average total cost. b. maximizes profit. c. maximizes marginal product. d. minimizes average variable cost.
Out of the choices provided above, it can be concluded to state that the efficient scale is quantity of output that minimizes the average total costs of the firm. Therefore, the option A holds true.
The average total costs can be referred to or considered as the summation of all the costs incurred by a producer in the process of production of its goods and/or services. It is the aggregate of the fixed costs as well as the variable costs of the firm, which show the efficiency of the firm during a given particular period.
Learn more about average total costs here:
https://brainly.com/question/29306232
#SPJ4
what is the total stockholders' equity based on the following account balances? line item description amount common stock $375,000 paid-in capital in excess of par 90,000 retained earnings 190,000 treasury stock 15,000 a.$640,000
$640,000 is the total stockholders' equity based on the following account balances.
stockholdersA stockholder is a corporation shareholder or a person who owns at least one share of an organization's capital stock. Stockholders are the majority of the company's owners, and they often obtain the company's success in the form of increasing stock worth. Stockholders have classified into two types: Equity shareholders are the company's true owners and members, with voting rights and control over its operations. After paying the preferred stockholder, dividend payments are made to equity shareholders.
To know more about stockholders visit the link
https://brainly.com/question/1551797
#SPJ1
a call option with a stike price of 100 is priced at 20 what is tis intrinscic value if the underlying stock is trading at 150
A call option with a strike price of 100 is priced at 20. The intrinsic value if the underlying stock is trading at 150 will be 50 as current trading price - strike price.
Stock in the financial industry refers to all of the shares used to divide ownership of a corporation or business. Based on the total number of shares, each share of stock represents a small portion of the company's ownership. This typically entitles the shareholder to that proportion of the company's earnings, the proceeds from the sale of the company's assets, or voting power.
Not all classes of stock are created equal; some may have enhanced voting privileges, no voting limitations, or a particular priority to receive profits or liquidation proceeds ahead of or behind other classes of shareholders.
To know more about Stock here-
https://brainly.com/question/28663581
#SPJ4
based on the information provided in the mini-case, which of the following best describes redbox? group of answer choices a. it is either a joint venture or a franchise agreement between outer wall and mcdonald's ventures, llc. b. it is a franchise agreement between outer wall and mcdonald's ventures, llc. c. it is a nonequity strategic alliance between outer wall and mcdonald's ventures, llc. d. it is either a joint venture or an equity strategic alliance between outer wall and mcdonald's ventures, llc.
Based on the information provided in the mini-case the following best describes Redbox it is a franchise agreement between the outer wall and McDonald's ventures, LLC. Hence Oprion B.
But Redbox is returned. it's constructed its personal streaming operation. And the agency's stock is rather inexplicably one of the hottest on Wall Street, while Netflix (NFLX) has plummeted. stocks of Redbox are up more than 20% this 12 months, approximately fifty five% inside the past month, and almost 2 hundred% inside the beyond three months.
Redbox absolutely states that the discs are due via next day at 9 pm. For a person picking the disc on Friday at 11:fifty nine PM, the disc could be due on Saturday at nine PM when you consider that Saturday is the following day. For a person who waits for 2 extra mins and selects the disc on Saturday at 00:01 am.
Learn more about Redbox here:
https://brainly.com/question/29382569
#SPJ4
A hiking boot’s profits are declining because new competition has entered the market, but its cost has also declined due to increased volume of production. What stage of the product development life cycle is the hiking boot in?.
A hiking boot’s profits are declining because new competition has entered the market, but its cost has also declined due to increased volume of production. Maturity stage of the product development life cycle is the hiking boot in.
What exactly does "maturity stage" mean?Sales start to level off from the phase of rapid expansion when they reach the mature stage. In order to remain competitive in the face of the escalating competition, businesses now start to lower their pricing.
What happens at maturity?The amount of time until a bond's owner receives interest payments is known as the bond's term to maturity. The face value, or par value, of the bond is paid to the owner when it matures. If the bond has a put or call option, the term till maturity may change.
To know more about maturity visit:
https://brainly.com/question/17221449
#SPJ4
of the three financial ratios discussed in this chapter, which do you think is the most important financial ratio? why?
Return on equity, Because it serves as a gauge of a company's success in generating profits for its stockholders.
What is meant by financial ratio?A financial ratio, also known as an accounting ratio, is the difference in magnitude between two specific numbers obtained from the financial accounts of an organization. There are numerous standard ratios that are frequently used in accounting to assess the overall financial health of a firm or other entity.
What does return on equity mean?The company's ability to generate returns on the investments it has received from its shareholders is measured by its return on equity. Description: Return on Equity is calculated mathematically as Net Income or Profits/Equity. Shareholder's The difference between a company's assets and liabilities is effectively the denominator.
To know more about accounting ratio, visit:
brainly.com/question/29611668
#SPJ4
McFriendly Software recently developed new spreadsheet software, Easy-Calc, which it intends to market by mail through ads in computer magazines. Just prior to introducing Easy-Calc, McFriendly receives an unexpected offer from Jupiter Computer to buy all rights to the software for $10 million cash.
Instructions
a. Is the $10 million offer "relevant" financial information?
b. Describe McFriendly's opportunity cost if (1) accepts Jupiter's offer and (2) turns down the offer and markets Easy-Calc itself. Would these opportunity costs be recorded in McFriendly's accounting records? If so, explain the journal entry to record these costs.
c. Briefly describe the extent to which the dollar amounts of the two opportunity costs described in part b are known to management at the time the decision is made to accept or reject Jupiter's offer.
d. Might there be any other opportunity costs to consider at the time of making this decision? If so, explain briefly
Yes, the $10 million offer is pertinent financial information because it represents the opportunity cost the company would incur if it chose to market the product internally.
Opportunity Cost
Opportunity Cost is defined as the benefit that would have been attained if a different course of action had been taken.
Example: Need to decide between chocolate and vanilla ice cream. Choose chocolate
The opportunity cost is the pleasure you would have experienced from vanilla ice cream.
Out-of-Pocket-Costs
Define the costs that have not yet occurred and that could differ depending on the possible courses of action.
In our instance: advertising expenses
McFriendly will have to pay for advertisements if they decline the offer.
Know more about opportunity cost visit:
https://brainly.com/question/13036997
#SPJ4
assume that a major research study determines that consumption of apples significantly reduces the risk of cancer. each of the following statements accurately describes the short-run effect in the market for apples except
The supply of apples will increase. (The increase in demand causes movement along the supply curve, not a shift in the supply curve.)
Shift in the supply curve: Variations in the cost of production and linked factors can cause a whole supply curve to move to the right or left. As a result, a bigger or lower amount is provided at a specific price.
Assuming no other things change, supply curves show how prices and quantity delivered are related. The ceteris paribus assumption refers to this. This also happens when other variables are not kept constant.
The link between quantity on the x plane and price on the vertical axis is known as a demand curve or a supply curve. A demand or supply curve is based on the supposition that no other essential economic variables, outside the product's price, are altering.
Learn more about the supply curve here:
https://brainly.com/question/26430220
#SPJ4
Sabine's company produces personal floatation devices (life jackets). The long-run average total cost of producing 100 life jackets is $4, while the long-run average cost of producing 110 life jackets is also $4. Between production levels of 100 and 110 life jackets, sabine is experiencing:
Sabine is experiencing diminishing returns.
What is diminishing returns?The law of diminishing returns is a concept in economics that asserts, under the assumption that all other factors remain constant, that when investment in a certain sector increases, the profit rate from such an investment could no longer increase. Fixed costs, low demand, harm to workers, and decreased productivity all lead to diminished marginal returns.
Reduction alludes to a steady decrease in scope, magnitude, quantity, or intensity. diminish implies a decrease in size rather than a rise in population. decrease highlights a noticeable loss and suggests deducting it from a total. Reduce means a lowering or pulling down.
To know more about Diminishing returns, visit:
https://brainly.com/question/19070161
#SPJ1
hyperion enterprises had asset turnover of .40 in 2022. if net assets were $678,000 at the beginning of the year and $895,000 at the end of the year, what were net sales for 2022? $217,000
Average assets are equal to (Begging assets + Ending assets) / 2. Average Assets = (678000 + 895000) /2 = 786500
Net sales are equal to Average Assets times Asset Turnover.
Net sales equals 0.40 x 786.500 = 314,600.
What does a favourable asset turnover ratio look like?Finally, it is selling for a significant percentage of its total asset worth. Depending on the company model, a number between 0.25 and 0.5 is considered to be favourable for enterprises.
What does the total asset turnover ratio mean?According to one interpretation of the asset turnover ratio, the ratio gauges how well a business utilises its assets to generate sales. A larger ratio is preferable since it shows that assets are being used more effectively. A lower ratio, on the other hand, shows that the organisation is not utilising its resources as effectively.
To know more about turnover visit:-
https://brainly.com/question/29214829
#SPJ4
what is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 5.4%, compounded semiannually, so that the account will have a future value of $120,000 at the end of 16 years? (round your answer to the nearest cent.)
The size of the payments that must be deposited for the conditions of the future value given above will be $22,299.
The present value of a future annuity can be calculated using the generalized formula and set of provided information, and input of the values into the formula as shown in the computation below,
Present Value = Future Value [1/(1+r)^n]
Present Value = 120,000 [1/(1+0.054)^32]
Present Value = 120000 [1/(1.054)^32]
Present Value = $22,299
Therefore, the present value of the given information will be $22,299.
Learn more about future value here:
https://brainly.com/question/14860893
#SPJ4
x-1 corp's total assets at the end of last year were $460,000 and its ebit was $52,500. what was its basic earning power (bep) ratio? x-1 corp's total assets at the end of last year were $460,000 and its ebit was $52,500. what was its basic earning power (bep) ratio? 14.27% 9.24% 12.33% 11.07% 11.41%
For the conditions given above, it can be concluded to state that the Basic Earning Power, or the BEP ratio of the company will be 11.41 percent when it has total assets of $460,000 and its EBIT amount to a total of $52,500. Therefore, the option E holds true.
The computation of the Basic Earning Power of the company can be done using the generalized formula and the information given above, as below,
Basic Earning Power = EBIT / Total Assets
Basic Earning Power = 52500 / 460000
Basic Earning Power = 0.1141
Therefore, the BEP ratio of the company will be 11.41 percent.
Learn more about the BEP ratio here:
https://brainly.com/question/14285884
#SPJ4
on january 1, 2025, blossom corporation issued $810,000, 7%, 10-year bonds at face value. interest is payable annually on january 1. blossom corporation has a calandar year-end. prepare all entries related to the bond issue for 2025
The official record of every company activity is a journal entry. A transaction is, in the broadest sense, any financial activity that has an impact on the firm.
Date Account Titles and Explanation Debit Credit
2020
Jan. 1
Cash $730,000
Bonds Payable $730,000
(To record the issue of bonds payable)
Dec. 31
Interest Expense $43,800 ($730,000 x 6%)
Interest Payable $43,800
(To record interest expenses)
The official record of every company activity is a journal entry. A transaction is, in the broadest sense, any financial activity that has an impact on the firm.
They encompass all exchanges involving the movement of money, including interest payments, depreciation, costs, and payroll. They encompass more than just the exchange of goods and services. Instead of being processed automatically like invoices or cash receipts are, general journal entries are manually entered into the general ledger.
To know more about Journal Entries visit:
https://brainly.com/question/28084065
#SPJ4
what is the marginal private benefit of the 200th unit consumed? (do not include the dollar sign $ in your answer)
The marginal private benefit of the 200th unit consumed is 4.
The details share in the above question are as follow,
It is given that,
The unit consumed is 200 unit.
We have to find the marginal private benefit.
The marginal private benefit is added value that the entity consuming or producing the product receives from the consumption or production of one more unit.
By seeing the diagram we see that,
At quantity 200, MB is eight on the demand curve and MC is four on the supply curve.
MC is marginal cost.
The marginal cost is 4.
For such question on Marginal cost.
https://brainly.com/question/11689872
#SPJ4
Note the figure missing in the question is,
What are the factors of stability that make up political risk unit of measure? strengths against shocks shock absorbers shocks themselves.
the factors of stability that make up political risk unit of measure strength against shocks and shock themselves.
Political riskPolitical risk is the risk that investors, firms, and governments face when political actions, events, or situations have a major impact on a business actor's profitability or the projected value of a specific economic activity. Political risk may be understood and handled via careful planning and investment.
To know more about Political Risk visit the link
https://brainly.com/question/19671943
#SPJ1
perpetualcold refrigeration company (prc) can borrow funds at an interest rate of 9.70% for a period of eight years. its marginal federal-plus-state tax rate is 25%. prc’s after-tax cost of debt is
The after tax cost of debt of perpetual cold refrigeration company will be 7.275% or 7.28 %.
What is after tax cost of debt?Before understanding the after tax cost of debt one must know about the cost of debt. Cost of debt is an interest cost or expected amount of return on debt instrument that an investor will earn after sacrificing the debt fund for predefined period of time.
The after tax cost of debt is referred to a rate of interest computed after eliminating the effect of corporate tax on debt return.
Formula for Post tax cost of Debt (kd) = Debt Interest × (1 - t) where is t is a tax rate. 9.70% (1-0.25) = 7.28%
Therefore the marginal federal-plus-state tax rate is 25% then post tax Kd will after removing the tax benefit on trading in equity to know the weighted average cost of capital.
To know more about after tax cost of debt refer:
https://brainly.com/question/14241273
#SPJ1
What is a serial advanced technology attachment (SATA) cable used for?
A. to connect storage devices to the motherboard
B. to connect RAM to the CPU
C. to connect the heat sink to the motherboard
D. to connect the HDD to the CPU
Based on computer technology and operations, the serial advanced technology attachment (SATA) cable used to connect storage devices to the motherboard
What is a serial advanced technology attachment (SATA) cable?Serial advanced technology attachment (SATA) cable is a device often referred to as a computer bus that serves as the interface between host bus adaptors and mass storage devices.
Generally, Serial ATA host adapters and devices transmit via a single high-speed seven-wire serial cable rather than through the parallel bus used in previous technologies.
Various SATA devices are available, which can be used for transmitting data from the computer to the mass storage devices.
There are three main types of SATA cable connections for computers are:standard two-connection SATA cables, three-connection SATA cables, and eSATA cables.Hence, in this case, it is concluded that the correct answer is to connect storage devices to the motherboard
Learn more about SATA here: https://brainly.com/question/29035982
#SPJ1
question is defined as the degree to which the abilities, knowledge, skills, and other characteristics of a person match the job demands.
The degree to which a person's skill, knowledge, skills, and other traits match the job expectations matches job demand is referred to as person-job fit.
What exactly is job demand theory?Job demands, as well as job and personal resources, activate separate processes, according to JD-R theory (Demeroutietal., 2001). Job demands can wreak havoc on one's health: having high job demands, such as an enormous workload, leads to chronic overtaxing and, eventually, burnout. A basic tenet of JD-R theory is that, regardless of whether people work in academics, manufacturing, transportation, or finance, their job characteristics can be divided into two categories: job demands and job resources. Occupational demands are job features that necessitate persistent effort and so incur physiological and psychological costs.
To know more about job-demand visit:
brainly.com/question/1698521
#SPJ4
the concept of identifying customer needs; understanding and influencing customer behavior through ongoing communication strategies in an effort to acquire, retain, and satisfy the customer is known as
'The concept of identifying customer needs; understanding and influencing customer behavior through ongoing communication strategies in an effort to acquire, retain, and satisfy the customer is known as customer relationship management.
Customer relationship management is the process by which a company or other organization manages its interactions with customers, typically using data analytics to go through large amounts of information.
Customer Relationship Management (CRM) is the technology for managing all relationships and interactions between a business and its customers and prospects. Our goal is simple. to improve business relations. CRM systems help businesses stay connected with customers, streamline processes, and improve profitability.
Customer Relationship Management (CRM) is the combination of practices, strategies, and technologies companies use to manage and analyze customer interactions and data throughout the customer lifecycle. The goal is to improve customer service relationships, support customer retention, and drive revenue growth.
Learn more about CRM https://brainly.com/question/23823339
#SPJ4
question content areamanagers of what type of decentralized units have authority and responsibility for revenues, costs, and assets invested in the unit? a.production center b.cost center c.profit center d.investment center
Investment center is the type of decentralized units have authority and responsibility for revenues, costs, and assets invested in the unit.
An investment center differs from a cost or profit center in that the latter is measured against the amount of capital used, whereas the former is measured against the amount of raw costs or profits.
A profit center is a division that is in charge of both costs and revenues. An investment center is a division in charge of costs, revenues, and asset investment. The performance measures used to evaluate managers differ depending on the type of responsibility center in question.
Hence, the correct answer "D".
To know more about investment center, click here.
https://brainly.com/question/16268924
#SPJ4
after you’ve talked to a referral about your job search, what should you do? check all that apply. cut off communication.
After we've talked to a referral approximately our job search, ask whether we can live in touch throughout our Communication. Ship our referral a casual thank-you notice, Ask whether we are able to stay in contact at some stage in our process seek.
Name, address, phone variety, what corporation they may be with, process identify, and 2 or three people that virtually such or give us good tips. communique is the act of giving, receiving, and sharing information in different phrases, talking or writing, and listening or analyzing. Appropriate communicators pay attention cautiously, communicate or write surely, and admire different reviews.
Communication is commonly described because of the transmission of information. The term also can refer just to the message communicated or to the field of inquiry reading such transmissions. there are many disagreements approximately its precise definition.
Learn more about Communication here
https://brainly.com/question/25793182
#SPJ4
an oligopolistic market structure is distinguished by several characteristics, one of which is difficult entry. which of the following are other characteristics of this market structure? check all that apply. market control by a few large firms neither mutual interdependence nor mutual dependence mutual interdependence market control by many small firms either similar or identical products. Which of the following are other characteristics of this market structure?
Check all that apply.
A) Market control by many small firms
B) Difficult entry
C) Mutual interdependence
D) Market control by a few large firms
E) Mutual dependence
An oligopolistic market structure is distinguished by several characteristics, one of which is a difficult entry. Market control by many small firms.
Oligopoly markets are markets dominated by way of a small range of suppliers. They can be located in all countries and across a huge variety of sectors. some oligopoly markets are aggressive, even as others are substantially much less so, or can at least appear that way.
Oligopoly is a shape of imperfect competition and is usually defined because of competition among a few. hence, an Oligopoly exists when there are top ten dealers in a market selling homogeneous or differentiated merchandise. a great instance of an Oligopoly is the cold beverages industry.
Learn more about the oligopolistic market here:
https://brainly.com/question/13635083
#SPJ4
1. Working from the table above, if Patricia wants to expand output from 450 web pages per month to 525 web pages per month her average cost per web page will go from ______________ to ______________.
Product
100
220
350
450
525
550
570
area
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
acre
Need
Ceca EL)
$3,000
$ 6,000
$ 9,000
$ 12,000
$ 15,000
$ 18,000
$21,000
Total
$5,000
$ 8,000
$ 11,000
$ 14,000
$ 17,000
$ 20,000
$ 23,000
$ 26,000
Marginal
Cost
$30
$25
$23
$30
$40
$120
$150
If Patricia wants to expand output then her average cost web page will go from 37.77 to 38.09.
Using average cost formula,
Average cost = [tex]\frac{Total Cost}{Number of units}[/tex]
In case 1,
= [tex]\frac{17000}{450}[/tex]
= 37.77
In case 2,
then the average cost will be,
= [tex]\frac{20000}{525}[/tex]
= 38.09
In economics, the average cost, also known as unit cost, is calculated by dividing the entire cost by the quantity of an item or service delivered. How much businesses charge for their products is significantly influenced by the average cost. The total cost of an enterprise consists of both fixed and variable costs. The average cost is a measure that companies can use to gauge their profitability. The average cost illustrates the relationship between a unit's selling price, manufacturing expenses, and sales costs. The average cost illustrates the relationship between a unit's selling price, manufacturing expenses, and sales costs. By considering average expenses, businesses can more accurately evaluate their short- and long-term profitability.
To learn more about average cost: https://brainly.com/question/25325504
#SPJ4
which of the following is an appropriate responsibility of the board? performing a review of the procurement function of the organization. reviewing the internal audit activity’s engagement work schedule submitted by the chief audit executive. recommending the assignment of specific internal audit staff members for specific engagements. reviewing the engagement records of the public accounting firm to determine the firm’s competence.
It is the Board's reasonable responsibility to review the delegated work plan for internal audit activities submitted by the Chief Audit Officer.
The board acts on behalf of the shareholders make general policy decisions and provide oversight. The board has a duty of loyalty to shareholders. In other words, the board has financial and other responsibilities for keeping the company running efficiently so that shareholders do not suffer losses.
The duties of the Board are to establish a governance framework, including a compliance framework, to ensure that the organization meets its obligations. It sets the strategic direction that helps the organization achieve its objectives. Monitor your organization's financial performance.
The Chief Audit Officer's role is to monitor and review the adequacy, effectiveness, and correct functioning of the internal control system.
To learn more about chief audit officers
https://brainly.com/question/28104091
#SPJ4