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3 years ago

There are 10 firms in an industry, and each firm has a market share of 10 percent. the industry's herfindahl index is

1 answer:

5 0

Herfindahl index is a number that allows us to determine the concentration of the firms of a certain industry in a certain location. This can be computed by squaring the market shares of each company and summing up all the squared marked shares. This is as shown below.

square of market shares = (10^2) = 100

Since there are 10 companies, we may multiply the calculated value by 10 to give the final answer of, 1,000.

Answer: 1,000

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Harding, Jones, and Sandy, a partnership, is in the process of liquidating. The partners have the following capital account bala

Radda [10]

Answer: Cash to be distributed to Harding = $ 17000, Jones = $ 3000 

Explanation:

It has been indicated that the ($9,000) deficit will be covered with a forthcoming contribution

∴ The Remaining Capital Balance is = (24000 + 24000) = $48000

∵Total cash Available = $20000

Loss = 48000 - 20000 = $ 28000

Loss will be shared between Harding & Jones in ratio = 16:48

∴ Harding Capital balance = $\frac{(24000 - 28000)\times16}{16+48}$ = $ 17000

∴ Jones Capital balance = $\frac{(24000 - 28000)\times48}{16+48}$ = $ 3000

Cash will be Distributed in their capital balance ratio

Therefore,

Cash to be distributed to Harding = $ 17000, Jones = $ 3000

7 0

3 years ago

World Company expects to operate at 80% of its productive capacity of 50,000 units per month. At this planned level, the company

slega [8]

Answer:

Following are the solution to this question:

Explanation:

Please find the complete question in the attachment file.

Applied to fixed overhead

Overhead fixed by DL hr. $=\frac{50000}{25000}\ \ \ \ \ \ \ \ \ \ \ =2$

DL hours standard $=35000 \times \frac{25000}{50000 \times 80\%} \ \ \ \ \ \ \ \ \ \ \ \ =21875$

Application of fixed overhead $= 21875 \times 2.0 \ \ \ \ \ \ \ \ \ \ = 43750$

Variance in volume

Application of total fixed overhead $= \$43,750$

Fixed total estimates Superfast $=\$50,000$

Variance of volume $= \$6,250$

5 0

2 years ago

The transactions of Spade Company:

diamong [38]

Answer:

Trial Balance

Debit Credit

Cash $8,982

($16,500 - $479 + $1,947 - $9,125 - $530 + $1,469 - $800)

Common Stock $16,500

Office Supplies $479

Office Equipment $9,125

Accounts Payable ($9.125 - $9,125) $0

Service Fees ($1,947 + $3,498) $5,445

Accounts Receivable ($3,498 - $1,469) $4,967

Rent Expense $530

Dividends $800

Totals $21,945 $21,945

Explanation:

A trial Balance is a list of balances that are extracted from the ledger accounts from which the financial statements are prepared.

First Record the Transaction, then determine account balances.

Cash $16,500 (debit)

Common Stock $16,500 (credit)

Office Supplies $479 (debit)

Cash $479 (credit)

Office Equipment $9.125 (debit)

Accounts Payable $9.125 (credit)

Cash $1,947 (debit)

Service Fees $1,947 (credit)

Accounts Payable $9,125 (debit)

Cash $9,125 (credit)

Accounts Receivable $3,498 (debit)

Service Fees $3,498 (credit)

Rent Expense $530 (debit)

Cash $530 (credit)

Cash $1,469 (debit)

Accounts Receivable $1,469 (credit)

Dividends $800 (debit)

Cash $800 (credit)

5 0

2 years ago

A computer shop with three processes (repair, upgrade, and checkout) has two types of customers (upgrade and repair/enhance). A

netineya [11]

Answer:

2upgrade and 21 repair \enhance

6 0

2 years ago

Art is working on a research paper. On Monday, he checked out 19 books from the library. On Thursday, he returned 7 of the books

Oliga [24]

19-7 is 12 Adding 11 more would make it 23

3 0

3 years ago

Read 2 more answers