Some producers are forced to sell their products at the prevailing market price because of (C) a high degree of similarity to competitor's products.
<h3>
What is the prevailing market price?</h3>
- Prevailing Market Price refers to the market's published wholesale price and, in the absence of a declared wholesale price, the prevailing market price of any commodities.
- The term "prevailing market conditions" refers to the average amount of rent paid by operators of similar sized and placed lodges throughout the country, as determined in good faith by the national protected area authority.
- Because of their great degree of similarity to competitors' products, some producers are forced to offer their items at the prevailing market price.
- The average wage paid to similarly employed workers in a certain occupation in the area of anticipated employment is described as the prevailing wage rate.
Therefore, some producers are forced to sell their products at the prevailing market price because of (C) a high degree of similarity to competitors' products.
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The complete question is given below:
Why are some producers forced to sell their products at the prevailing market price?
A. price takers find market analysis is too costly
B. they are very small players in the overall market
C. high degree of similarity to competitor's products
D. they can increase output without affecting the quality
The best answer for this question would be A. :)
The answer is "polyphonic"
Hope this helps:)
The unadjusted cost of goods sold is $395,000
<h3>What is cost of goods sold?</h3>
Cost of Goods Sold (COGS) is what measure the direct cost incurred in the production of any goods or services.
The unadjusted cost of goods is computed as:
= Cost of goods manufactured - ( Ending finished goods -Beginning finished goods inventory )
= $410,000 - ( $125,000 - $110,000)
= $410,000 - $15,000
= $395,000
Hence, the unadjusted cost of goods sold is $395,000
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Answer:
13.82%
Explanation:
Data provided in the question:
Sales = $325,000
Net income = $19,000
Assets = $250,000
Total-debt-to-total-assets ratio = 45.0% = 0.45
Now,
Total asset turnover = Sales ÷ Total assets
= $325,000 ÷ $250,000
= 1.3
Profit margin = Net income ÷ Sales
= $19,000 ÷ $325,000
= 0.05846
Equity multiplier = 1 ÷ [ 1 - Debt to asset ratio]
= 1 ÷ [ 1 - 0.45 ]
= 1.818
thus,
ROE = Profit margin × Total asset turnover × Equity multiplier
= 0.05846 × 1.3 × 1.818
= 0.1382
or
= 0.1382 × 100%
= 13.82%
