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vampirchik [111]
2 years ago
8

Assume there are six companies in a certain industry. Four companies have $10 sales apiece, while two companies have $5 sales ea

ch. What is the industry's four-firm concentration ratio?
Business
1 answer:
antoniya [11.8K]2 years ago
5 0

Answer:

An industry consists of six firms with annual sales of $300, $500, $400, $700, $600, and $600, respectively. a. What is the industry's four firm concentration ratio? b. What is the industry's Herfindahl-Hirschman index? c. Is this industry highly concentrated? Explain.

Explanation:

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Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,770 and two j
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Answer:

Explanation:

WORK IN PROCESS INVENTORY    

May 1 balance 3770 May 31 Finished Goods 9234

31-May Material 11470    

31-May labour 13870    

31-May Overheads 9431.6    

may 31 Balance 29307.6    

JOB COST SHEET      

Job no. Beg. WIP Material Labour Overheads Total  

430 1340 3850 3400 2312 10902  

431 0 4680 8170 5555.6 18405.6  

TOTAL 1340 8530 11570 7867.6 29307.6  

Note: Total cost of Job 429 transferred to Finished goods:  

Beginning cost  2430    

Add: Material  2940    

Add: Labour  2300    

Add: Overheads (2300*68%) 1564    

Total cost of Job 429  9234  

4 0
3 years ago
Alphonse is attending college next year. He received this offer from a university. His parents told him they would pay for his r
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Answer:

the answer is A, B, and D.

Explanation:

just took the test and these were the answers. please give me brainliest!

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3 years ago
A __________ is a written document that details the business idea, the target market and the business's competitive advantage, f
Alina [70]

Answer:

business plan

Explanation:

A<u> business plan</u> is a written document that details the business idea, the target market and the business's competitive advantage, financial resources available for the business, and the qualification of the management.

7 0
3 years ago
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6 0
3 years ago
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Managers that must analyze data from 500 hotels to determine when to discount rooms based on occupancy patterns would be placed
andrey2020 [161]

Answer:A. Manager's need to analyze large amounts of information.

Explanation: One of the major roles and responsibilities of managers is the analysis of data and information before making any decisions. All managers must be effective and efficient in data analysis or in the analysis of Information in order to effectively perform and conduct the business of Management adequately.

Data analysis is a strategic need of management and it mainly sometimes involves large amount of information or data.

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