Answer:
The correct answer is option c.
Explanation:
Pure monopoly refers to a market where there is a single producer selling a product with no close substitutes. Such type of market is very rare.
There is restriction on entry and exit of firms in the market. The firm operating in this market is a price maker and faces a downward-sloping demand curve.
No close substitutes, single seller and barriers to entry are essential conditions for a pure monopoly to exist.
Answer:
20%
Explanation:
Ownership of XYZ Corp. in ABC Partnership = 100% of ABC Partnership * Percentage owned by XYZ Corp.
= 100% * 50%
= 50%
Ownership of Nancy = Interest in ABC Partnership + Ownership of XYZ Corp. in ABC Partnership * Interest of Nancy In XYZ Corp.
= 10% + (50% * 20%)
= 10% + 10% = 20%
Answer:
Allocated MOH= $432,000
Explanation:
Giving the following information:
Predetermined overhead rate of $8.00 per machine-hour
Actual machine-hours worked= 54,000 hours
<u>To calculate the allocated overhead, we need to use the following formula:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 8*54,000
Allocated MOH= $432,000
Answer:
a. are more actively listening to customers and helping to solve their problems.
Explanation:
The purpose of public relations is to educate and eventually convince the public, potential clients, investors, etc, to maintain a positive impact or favorable opinion of the company.
Therefore, Public relations is the most effective way to interact with customers, listening to them, and solve their queries so that company can gain their trust by fulfilling their needs within the prescribed time.
Answer:
Check the following calculations that follow the answer
Explanation:
a) Amount of net pay = wages – income tax – FICA tax = 53000 – 7300 – 2775 = $42,925
b) Total Payroll Cost = wages + FICA Taxes + unemployment taxes
= 53000 + 2775 + 280 = $56,055
