When comparing cash management options, the higher the

Assume that Big Drug Company BDC was one of ten drug manufactures who produced and sold in the Cleveland area a drug that was fo

frozen [14]

Answer:

Market share liability

Explanation:

Market share is the fraction or percentage that will be taken of the total available market or the market segment that is being supplied by the company. The responsibility for market share or market share liability is a rule originating in the United States of America, regarding the proof of the causal link and the responsibility of a plurality of causes of the damage.

Under this rule, when it is probable that a plurality of manufacturers of a particular product have caused damage, but it cannot be known for sure who among them caused it to a specific victim, they all respond in proportion to their respective market share . Faced with the possibility of allowing victims to remain empty-handed and manufacturers do not respond at all, or to the fact that they all have to respond jointly, the responsibility for market share may constitute an intermediate route that ensures that the victim can obtain some compensation in proportion to the probability that the defendant caused the damage

7 0

3 years ago

T-Shirt Enterprises is selling in a purely competitive market. Its output is 300 units, which sell for $1 each. At this level of

FinnZ [79.3K]

When the level of output, marginal cost is $1 and average variable cost is $1.50. The firm should "produce no output units".

<h3>What is purely competitive market?</h3>

Perfect competition refers to a fictitious market structure. If there is perfect competition, there are no monopolies.

The following characteristics of this kind of structure are crucial:

All enterprises sell the same product, which is a homogeneous or commodity good.
Every business is a price taker, meaning that they have no control over the market price for their goods.
Market share has no bearing on price adjustments.
The product being supplied and the pricing each business is seeking with in past, present, or future are all completely or perfectly known to buyers.
Resources such as labor and capital are totally movable.
There are no fees for businesses to enter or exit the market.

Each genuine market can be categorized as imperfect since they all occur beyond the level of the ideal competition model.

To know more about the purely competitive market, here

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8 0

1 year ago

Debbie needs to know how much she will pay on her car loan. Using the simple interest formula, how much will she pay with a prin

Natalka [10]

Answer:

how much will she pay with a principal balance of $12,000, an interest rate of 5 percent, and a 60-month loan? Total amount 13.859. Interest 1.859 Principal 12.000

Explanation

Due Interest Principal Balance

12.000

year 1 2.772 600 2.172 9.828

year 2 2.772 491 2.280 7.548

year 3 2.772 377 2.394 5.154

year 4 2.772 258 2.514 2.640

year 5 2.772 132 2.640 0

13.859 1.859 12.000

6 0

2 years ago

Consider the market for a breakfast cereal. The cereal's price is initially $3.003.00 and 7070 thousand boxes are demanded per

arlik [135]

Answer:

0.539

Explanation:

Price elasticity of demand measure the responsiveness of demand against the change in price of the product. It shows how much demand changes if there is the change in price.

Under mid-point method the price elasticity can be calculated as follow

where

S = Quantity

P = Price

Change in Quantity = ( S2 - S1 ) / [ ( S2 + S1 )/2 ]

Change in Quantity = ( 6,060 - 7,070 ) / [ ( 6,060 + 7,070 )/2 ]

Change in Quantity = -1,010 / 6,565

Change in Quantity = -0.153846

Change in price = ( P2 - P1 ) / [ ( P2 + P1 )/2 ]

Change in price = ( $4,004 - $3,003 ) / [ ( $4,004 + $3,003 )/2 ]

Change in price = $1,001 / $3,503.5

Change in price = 0.285714

Elasticity of Supply = Change in Quantity / Change in Price

Elasticity of Supply = -0.153846 / 0.285714 = -0.5385

Elasticity of Supply = -0.539

3 0

2 years ago

The following three independent sets of facts relate to contingent liabilities: 1. In November of the current year an automobile

aalyn [17]

Answer:

Situation 1 is a probably contingency. This recall is occurring and can be estimated as costing $2 million. This amount should be charge to the warranties payable and warranties expense accounts.

Date

Particulars

Ref.no

Debit $

Credit $

Warrantee expenses

20,00,000

Warranty payable account

20,00,000

[To record the estimated claims]

Comment

Step 3 of 3

Situation 2 is a reasonable contingency. The costs are possible and there are rough estimates for cleanup but there are also rough estimates about reimbursements for property damage. This situation would be disclosed on the balance sheet.

Situation 3 is a remote contingency. There is a small change that there could be property damage but there is no way to determine how much or what the costs could be. There is no amount marked down for this situation

Explanation:

5 0

2 years ago