The microeconomic graphs for both monopolistic competition and oligopoly are drawn exactly the same as the monopoly graph. This statement is false.
In comparison to the demand curve for oligopoly, the demand curve for monopoly is less elastic. Demand curves in monopolistic competition slope downward.
Because it can only raise demand by lowering prices, which means it must also cut the prices of all of its units of production, its marginal revenue will thus always be lower than the market price, exactly like for a pure monopoly.
When there is insufficient competition, market arrangements called monopolies and oligopolies arise. An oligopoly occurs when a small number of relatively large enterprises create similar but slightly different items, whereas a monopoly occurs when a single company provides goods that have no direct competitors.
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Forecast for July, using a 4-period weighted moving average. Assume the following weights: 0.4; 0.3; 0.2; and 0.1
Month Actual Demand
January 480
February 520
March 535
April 550
May 590
June 630
a. More than 0 but less than or equal to 500
b. More than 500 but less than or equal to 545
c. More than 545 but less than or equal to 600
d. More than 600 but less than or equal to 650
e. None of the choices are correct
Answer:
c. More than 545 but less than or equal to 600
Explanation:
The computation is shown below:
Forecast for July is
= 0.4 × June + 0.3 × May + 0.2 × April + 0.1 × Mar
= 0.4 × 630 + 0.3 × 590 + 0.2 × 550 + 0.1 × 535
= 592.5
So, it is more than 545 but lower than or equal to 600
Therefore the option c is correct
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $160,200 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% of the first $7,000 paid to its employee and SUTA taxes are 3% of the first $8,500 paid to its employee.
Gross Pay through August 31 Gross Pay for September
a. $ 6,400 $ 800
b. 18,200 2,100
c. 153,900 8,000
Compute BMX’s amounts for each of these four taxes as applied to the employee’s gross earnings for September under each of three separate situations (a), (b), and (c). (Round your answers to 2 decimal places.)
To calculate BMX Company's amounts for each of the four taxes as applied to the employee's gross earnings for September, we will use the provided tax rates and the gross pay for each situation.
Situation (a):
Gross Pay for September: $800
FICA Social Security taxes: 6.2% of the first $160,200 = 0.062 * $800 = $49.60
FICA Medicare taxes: 1.45% of gross pay = 0.0145 * $800 = $11.60
FUTA taxes: 0.6% of the first $7,000 = 0.006 * $800 = $4.80
SUTA taxes: 3% of the first $8,500 = 0.03 * $800 = $24.00
Situation (b):
Gross Pay for September: $2,100
FICA Social Security taxes: 6.2% of the first $160,200 = 0.062 * $2,100 = $130.20
FICA Medicare taxes: 1.45% of gross pay = 0.0145 * $2,100 = $30.45
FUTA taxes: 0.6% of the first $7,000 = 0.006 * $2,100 = $12.60
SUTA taxes: 3% of the first $8,500 = 0.03 * $2,100 = $63.00
Situation (c):
Gross Pay for September: $8,000
FICA Social Security taxes: 6.2% of the first $160,200 = 0.062 * $8,000 = $496.00
FICA Medicare taxes: 1.45% of gross pay = 0.0145 * $8,000 = $116.00
FUTA taxes: 0.6% of the first $7,000 = 0.006 * $8,000 = $48.00
SUTA taxes: 3% of the first $8,500 = 0.03 * $8,000 = $240.00
Please note that the calculations are based on the information provided, and the amounts are rounded to 2 decimal places.
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2. The demographics of your target market are likely to
over the course of
years
Your target market's demographics are likely to change over time. See why below.
What exactly is demographics?Marketing demographics are factors that are used to categorize and segment a market, such as age, geographic location, education level, occupation, income, and so on. Marketing demographics make use of publicly available data.
Demography is the statistical study of human populations. Demographers use census data, surveys, and statistical models to assess population size, migration, and structure.
Demographic characteristics can be easily identified. A few examples are age, gender, family circumstances, education level, income, occupation, and race.
As a result, these characteristics evolve throughout time.
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Fill in the "description" column for the below table by mentioning if it is elastic, inelastic or unit
elastic.
Price
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
$8.0
$9.0
Quantity
20
18
16
14
12
10
8
6
Total Revenue
(Price x
Quantity)
$40
$54
$64
$70
$72
$70
$64
$54
Slope Point Elasticity Description
-2.00
$0.10
-0.20
-2.00 $0.17
-0.33
-2.00
$0.25
-0.50
-2.00
$0.36
-0.71
-2.00
$0.50
-1.00
-2.00 $0.70
-1.40
-2.00
$1.00
-2.00
-2.00
$1.50
-3.00
Answer:
Explanation:
Price Quantity Total Revenue Description
$2.0 20 $40 Elastic
$3.0 18 $54 Elastic
$4.0 16 $64 Elastic
$5.0 14 $70 Unit Elastic
$6.0 12 $72 Inelastic
$7.0 10 $70 Inelastic
$8.0 8 $64 Inelastic
$9.0 6 $54 Inelastic
The description for each value is as follows:
-2.00: Elastic
-0.20: Inelastic
-0.33: Inelastic
-0.50: Inelastic
-0.71: Inelastic
-1.00: Elastic
-1.40: Elastic
-2.00: Elastic
What defines the elasticity of the demand?To determine whether the demand is elastic, inelastic, or unit elastic, there is need to look at the absolute value of the slope of the point elasticity.
Price Qty Total Rev Slope Point Elast. Des.
$2.0 20 $40 -2.00 Elastic
$3.0 18 $54 -0.20 Inelastic
$4.0 16 $64 -0.33 Inelastic
$5.0 14 $70 -0.50 Inelastic
$6.0 12 $72 -0.71 Inelastic
$7.0 10 $70 -1.00 Elastic
$8.0 8 $64 -1.40 Elastic
$9.0 6 $54 -2.00 Elastic
Based on the given values, it is seen that when the absolute value of the slope of the point elasticity is less than 1, it indicates inelastic demand. When it is exactly 1, it represents unit elastic demand. And when it is greater than 1, it indicates elastic demand.
Therefore, the description for each value is as follows:
-2.00: Elastic
-0.20: Inelastic
-0.33: Inelastic
-0.50: Inelastic
-0.71: Inelastic
-1.00: Elastic
-1.40: Elastic
-2.00: Elastic
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I NEED HELP!! THIS IS SO CONFUSING!!
Explanation:
AD decreas price level increases and real GDP increase
Which Airlines lounges are the best ?
Answer:
Air France La Première Lounge, Paris is the first best Airline lounge in the World.
Explanation:
The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.
In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.
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is the discipline of managing the flow of materials and transportation activities to ensure adequate customer service at reasonable cost.
Logistics is the discipline of managing the flow of materials and transportation activities to ensure adequate customer service at reasonable cost.
Give a brief account on logistics.The term "logistics" describes the total process of controlling the way resources are obtained, stored, and delivered to their intended location. Determining the efficiency and accessibility of potential distributors and suppliers is a part of logistics management. Logistics managers are regarded as logisticians. Military personnel used the term "logistics" to describe the way they acquired, stored, and transported equipment and supplies.
The phrase is increasingly frequently used in the business world, especially by firms in the manufacturing industries, to describe how resources are managed and transported around the supply chain. A resource or input must be available in the proper quantity and timing, transported to the proper location in good condition, and delivered to the proper internal or external customer. This is the essence of logistics management.
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Estate has an ROI of 16% based on revenues of $400,000. the residual income is $14,000 and the investment turnover is 2. what is the hurdle rate? With Explanation
If Estate has an ROI of 16% based on revenues of $400,000. the residual income is $14,000 and the investment turnover is 2. The hurdle rate is 9%.
How to find hurdle rate?First step is to find the investment turnover using this formula
Investment turnover=Sales/invested capital
Investment turnover = ($14,000 / $400,000) × 2
Investment turnover = 0.035 × 2
Investment turnover =0.07
Second step is to find the hurdle rate using this formula
Hurdle rate = ROI - Investment turnover
Hurdle rate = 0.16 - 0.07
Hurdle rate = 0.09× 100
Hurdle rate = 9%
Therefore the hurdle rate is 9%.
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Using activity-based costing to make decisions
Dino Dog Collars uses activity-based costing. Dino's system has the following features:
Predetermined Overhead
Activity
Allocation Base
Allocation Rate
Purchasing Number of purchase orders $ 65.00 per purchase order
Assembling Number of parts
0.36 per part
Packaging Number of finished collars
0.25 per collar
Each collar has four parts, direct materials cost is $9.00 per collar, and direct labor cost
is $4.00 per collar. Suppose Animal Hut has asked for a bid on 25,000 dog collars. Dino
will issue a total of 150 purchase orders if Animal Hut accepts Dino's bid.
Requirements
1. Compute the total estimated cost Dino will incur to purchase the needed materials
and then assemble and package 25,000 dog collars. Also compute the cost per collar.
2. For bidding, Dino adds a 40% markup to total cost. What total price will the
company bid for the entire Animal Hut order?
3. Suppose that instead of an ABC system, Dino has a traditional product costing
system that allocates indirect costs at the rate of $9.60 per direct labor hour. The dog
collar order will require 12,000 direct labor hours. What total price will Dino bid using
this system's total cost?
4. Use your answers to Requirements 2 and 3 to explain how ABC can help Dino
make a better decision about the bid price it will offer Animal Hut.
Dino Dog Collars calculates the cost of producing 25,000 dog collars using activity-based costing. The total estimated cost, cost per collar, and bid price are calculated with a 40% markup.
What is the importance of ABC to management decision making?ABC is an accounting methodology that assigns indirect costs to products or services based on the activities that generate those costs. Unlike traditional costing methods, which allocate indirect costs based on a single cost driver, ABC allocates costs based on multiple cost drivers, providing a more accurate picture of a product's or service's true cost. ABC's value to management decision making stems from its ability to provide more accurate and relevant cost information. Managers can use ABC to determine which activities are causing costs, where inefficiencies exist, and how to optimise processes to reduce costs and increase profitability. ABC assists managers in making informed pricing decisions by providing a better understanding of the true cost of products and services.
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When the company prepares a bank reconciliation, the outstanding checks are subtracted from the bank statement balance in order to determine the correct or adjusted bank balance. There is no need for the company to write a journal entry, as the checks were recorded in the company's general ledger account when the checks were written.
In a bank reconciliation the outstanding checks are a deduction from the bank balance (or balance per the bank statement).
How do you define a bank?Bank, a business that deals with money and its alternatives and offers various services involving money. A bank collects deposits and disburses loans in its capacity as a financial middleman.
What are different types of banks?A bank is a type of financial institution with permission to accept deposits and issue loans. Banks come in a variety of forms, such as retail, commercial, and investment banks. In the majority of nations, the national government or central bank oversees bank regulation.
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3 reasons for pricing a product
Answer:
The three reasons for pricing a product are:
Achieving market share.Investments.Supply.Your sister just deposited $13,000 into an investment account. She believes that she will earn an annual return of 10.3 percent for the next 10 years. You believe that you will only be able to earn an annual return of 9.4 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 10 years
Answer:
146,640
13,000×9.4%=1,222
1,222×120=146,640
Select the correct terms to complete the following statement:
________ is processed to become ________.
Answer:ben
Explanation:ben
9.
Which must pass through the state probate court system?
O A. Testamentary trust
O B. Living trust
O C. Pour-over trust
Before a will is written, a testamentary trust must go through probate. The correct answer is option (a).
What do you mean by probate?Before a will is written, a testamentary trust must pass through probate. In the course of probating the will, the executor will also establish the trust. Legal expenses may be deducted from the trust funds if the trustee needs legal counsel on how to manage the trust.
The term "probate" refers to a copy of a will that has been witnessed by a court official and is accompanied by a grant of management of the testator's assets. Only the will's appointed executor is eligible for a probate. A probate is also required if the will covers real estate in more than one state.
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Samantha has the following assets and liabilities. What is her net worth?
Assets
car - $4,200
savings account - $200
cash - $20
Liabilities
car loan - $1,500
credit card - $100
Relative Valuation (45 min) X KNOWLEDGE CHECK On the chart below, if the earnings per share grew from 7.61 on December 31, 2018, to 7.82 on June 30, 2019, what would the implied earnings yield be?
The implied earnings yield be 4.1%.
Thus, the correct option is B.
What do you mean by earnings?The net advantages of a corporation's operations are its earnings. Additionally, earnings are the source of corporation tax obligations.
EBIT and EBITDA are two additional terms that are more specifically utilized for a study of certain areas of company operations. There are other other names for earnings that are frequently used, including income and profit.
Earnings are the sum of money that a person or organization receives over a specific time period.
They can be found on an income statement for a business and are used to gauge how profitable it is. Better financial performance is typically indicated by higher recurring earnings, which can also have a beneficial effect on stock values.
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Consider a simplified situation where you have two credit cards. Credit card 1 has a balance of $1,132 and has a 5% interest rate. Credit card 2 has a balance of $5,273 and a 14% interest rate. What is the best strategy to reduce your debt? (Assume consolidation, balance transfers, and other debt management strategies are not options)
Group of answer choices
Figure out the maximum amount of money you can afford to pay and pay it equally on both cards.
Pay the minimum on both cards.
Pay the minimum on card 1 and as much as possible on cart 2. When card 2 is paid off pay as much as possible on card 1.
Pay the minimum on card 2 and as much as possible on card 1. When card 1 is paid off pay as much as possible on card 2
Answer:
This is a question about what's often called the "avalanche method" versus the "snowball method" of paying off debt.
The avalanche method involves paying off the debt with the highest interest rate first, which minimizes the total interest you'll pay. The snowball method involves paying off the smallest debt first, which can provide a psychological boost, but may lead to paying more interest overall.
Given the balances and interest rates on these credit cards, you would save the most money by using the avalanche method. This is because Credit Card 2 has a much higher interest rate, and a balance that's also higher than Credit Card 1.
The more interest a balance accrues, the more you ultimately have to pay back. So, it's best to eliminate the highest-interest debt first if you're solely aiming to pay as little as possible in the long run.
Therefore, the best strategy in this case, to reduce your debt in the most cost-effective manner, is to:
"Pay the minimum on card 1 and as much as possible on card 2. When card 2 is paid off, pay as much as possible on card 1."
Note that this advice is focused on minimizing your total payments. There can be psychological benefits to paying off smaller debts first (the "snowball method") because it can feel like you're making more progress. But if you're looking to pay the least amount of money overall, focusing on the debt with the highest interest rate is the way to go.
Economics* IMPORTANT
What will most likely happen if Karla pays off her car loan early?
A. her credit score will increase
B. her interest rate will go up
C. her credit score will decrease
D. her credit score will stay the same
Answer:
It can actually hurt your credit score because open positive accounts can have a greater impact than closed ones.
why are questioned documents important in forensic science; what type of document problems might a document examiner solve; forensic science definition; forensic science careers; forensic analyst; forensic science colleges
In forensic science, the examination of papers that might be contested in court is known as a "questioned document examination" (QDE). Its main objective is to use scientific procedures and methodologies to offer proof regarding a suspect or dubious document.
A "questioned document examination" is the term used in forensic science to describe the study of documents that could be disputed in court (QDE). Its major goal is to provide evidence supporting a questionable or suspect document using scientific methods and techniques. When a document is contested in court, evidence may be presented to prove alterations, the document's chain of custody, physical damage, forgery, origin, legitimacy, or other issues. In many QDE, the questioned document or one of its components is compared to a set of established standards. The most common type of test includes handwriting, and the examiner makes an effort to identify any potential authorship issues. Asking a document examiner to confirm that a questioned item originated from the same source as the known source is a typical practice.
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The term initial public offering describes a transaction in which a firm sells securities directly to an investor or to a small group of investors.
a. True
b. False
Answer:
The term initial public offering describes a transaction in which a firm sells securities directly to an investor or to a small group of investors is False.
Explanation:
A first sale of stock or stock dispatch is a public contribution wherein portions of an organization are offered to institutional financial backers and typically additionally retail financial backers. An IPO is ordinarily endorsed by at least one speculation banks, who likewise organize the offers to be recorded on at least one stock trades.Learn more about transaction refer:
https://brainly.com/question/20860810Why did Mirabeau B. Lamar easily win the presidency in 1838?
Question 1 options:
He ran against Sam Houston.
He was against an annexation to the United States.
He believed in expanding the Texas Rangers and Navy.
He refused to accept recognition from Europe.
Why is it important to pay more than the minimum payment on your credit card each month?
Answer:
so you dont have to pay as much next month
Explanation:
Juan would like to give his
newly born grandson a gift of
$10,000 on his 18th birthday.
Juan can earn 7% annual
interest on a certificate of
deposit How much must he
deposit now in order to achieve
his goal?
Answer:
7%+18=10,000
Explanation:
I think that's how it goes u just need to solve it
Anderson Steel Company began 2018 with 550,000 shares of common stock outstanding. On March 31, 2018, 140,000 new shares were sold at a price of $50 per share. The market price has risen steadily since that time to a high of $55 per share at December 31. No other changes in shares occurred during 2018, and no securities are outstanding that can become common stock. However, there are two agreements with officers of the company for future issuance of common stock. Both agreements relate to compensation arrangements reached in 2017. The first agreement grants to the company president a right to 42,000 shares of stock each year the closing market price is at least $53. The agreement begins in 2019 and expires in 2022. The second agreement grants to the controller a right to 47,000 shares of stock if she is still with the firm at the end of 2026. Net income for 2018 was $5,200,000.
Required:
Compute Anderson Steel Company's basic and diluted EPS for the year ended December 31, 2018. (Enter your answers in thousands.)
Answer:
EPS = $7.94
diluted EPS = $7.94, since there are no diluted shares in 2018
Explanation:
January 2018 = 550,000 common stocks
March 31 = 140,000 new shares issued = 105,000 weighted stocks
net income = $5,200,000
EPS = net income / weighted common stocks = $5,200,000 / (550,000 + 105,000) = $5,200,000 / 655,000 stocks = $7.939 ≈ $7.94 per stock
there are no diluted shares since the agreement with the president of the board starts in 2019, and we are calculating the EPS for 2018. The same applies to the controller, since her agreement starts in 2026.
The following cost data for the month of May were taken from the records of the Terrence Manufacturing Company: Depreciation on factory equipment $1,000 Depreciation on sales office 500 Advertising 7,000 Wages of production workers 28,000 Raw materials used 47,000 Sales salaries and commissions 10,000 Factory rent 2,000 Factory insurance 500 Materials handling 1,500 Administrative salaries 2,000 Based upon this information, the manufacturing cost incurred during the month was: Group of answer choices
Answer:
80,000
Explanation:
Cost data of the month of May was taken from Terrence manufacturing company
The manufacturing cost incurred during the month can be calculated as follows
= wages of production workers + raw materials + materials handling + factory rent + factory insurance + depreciation of factory equipment
= 28,000 + 47,000 + 1,500 + 2,000 + 500 + 1,000
= 80,000
Hence the manufacturing cost incurred during the month is 80,000
I want to create a projject to get funds for education for all people who can not afford them
Create and distribute your fundraising effort. Organize offline fundraising activities. Ask nearby companies to reciprocate donations. Sponsor group activities. Gather contributions for a school fundraiser are some method.
What is fundraising?Fundraising, often known as fund-raising, is the process of soliciting and accumulating voluntarily contributed funds from people, businesses, nonprofit organizations, or state agencies.
The ideas that are used for fundraising can be:
Make clever online donation forms.Launch a dough fundraising campaign.Hold a shoe sale to raise money.Make a fundraising event using pledges.Organize a scratch-off ticket school fundraiser.Start a peer-to-peer crowdfunding campaign.Offer school supplies for sale to raise money.Encourage the community to make matching gifts.Learn more about fundraising , Here:
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The question is incomplete, the complete question will be :
I want to create a project to get funds for education for all people who can not afford them. What can be the ideas that are used for fundraising
within the relevant range of activity . multiple select question. variable costs do not change in total, only per unit the assumption that cost behavior is strictly linear is reasonably valid fixed costs remain constant in total and vary per unit
Within the relevant range of activity, the fixed costs remain constant in total. The Option C is correct.
Why do fixed costs remain constant?Rent and lease costs, salaries, utility bills, insurance, and loan repayments are all examples of fixed costs. Some taxes, such as business licenses, are also fixed costs. Because you must pay fixed costs regardless of how much you sell, you should exercise caution when adding fixed costs to your small business.
Fixed costs are costs that remain constant regardless of whether sales or production volumes increase or decrease. This is because they are not directly involved in the manufacturing or delivery of a product or service. As a result, fixed costs are categorized as indirect costs.
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A foreign company whose sales will not affect Lattimer's market offers to buy 4,300 units at $6.80 per unit. In addition to existing costs, selling these units would add a $0.18 selling cost for export fees. Lattimer’s annual production capacity is 25,000 units. If Lattimer accepts this additional business, the special order will yield a:
Answer:
$2,021 profit
Explanation:
The computation is shown below:
The Incremental Revenue from special order is
= 4,300 units × $6.80
= $29,240
The existed variable cost per unit is
= $92,250 ÷ 15,000 units
= $6.15
Now the new incremental cost is
= $6.15 + $0.18
= $6.33
And, the total incremental cost is
= 4,300 units × $6.33
= $27,219
So, the yield would be
= $29,240 - $27,219
= $2,021 profit
what is production possibility curve
A production–possibility frontier, production possibility curve, or production possibility boundary, or transformation curve/boundary/frontier is a curve which shows various combinations of the amountsis a curve which shows various combinations of the amounts of two goods which can be produced within the given resources and technology/a graphical representation showing all the possible options of output for two products that can be produced using all factors of production, where the given resources are fully and efficiently utilized per unit time.
visit a local specialty retail store (e.g., sporting goods, cooking products, electronics) or look in your own kitchen/pantry and identify a generic product or commodity that might be "de-commoditized" and dif- ferentiated through innovation.
A commodity that might be de-commoditized and differentiated is cool max. This cool max is all-season technology which keeps the body warmer in winter and keeps the body cooler in summer.
How coolmax might be de-commoditized through innovation?Cool max is all-season technology which keeps the body warmer in winter and keeps the body cooler in summer. This helps the store to differentiate its offering from its competitors and it will also help in attracting more audience towards the product. So this is also a sort of innovation which has de-commoditized products.
Thus cool max might be de-commoditized through innovation.
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