A purely competitive industry has a very <u>large </u>number of sellers, whereas the other three market structures reflect a progressively <u>smaller </u>or <u>decreasing </u>number of sellers.
What are three examples of a market that is only competitive?
Agrarian goods like corn, wheat, and soybeans are excellent examples of a market that is purely competitive. Monopolistic competition is similar to pure competition in that it has few barriers to entry and many suppliers.
What exactly is a product whose market is only competitive?
The characteristics of a market with pure competition the products that are sold are identical. Every seller is the same. It is simple for new businesses to enter the market. Products are priced according to what customers are willing to pay.
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Answer:
The current ratio is 2.98
Explanation:
total current assets = cash + receivables + inventory + other current assets
= $102 million + 94 million + 182 million + 18 million
= $396 million
total current liabilities = accounts payable + current portion of long term debt
= $98 million + $35 million
= $133 million
current ratio = current assets/current liabilities
= [$396 million]/[$133 million]
= 2.98
Therefore, The current ratio is 2.98
Answer:
A's segment profit margin is: $151,000
Explanation:
<u>Calculation of A's segment profit margin</u>
Sales revenue $ 810,000
Less Variable operating expenses ($319,000)
Controllable Contribution $491,000
Less Fixed expenses:
Traceable to A and controllable by A ($230,000)
Traceable to A and controllable by others ($111,000)
Profit Margin $151,000
Answer:
See explanation section
Explanation:
Req. A & B
If there is an increase in the net income over the year, the company is in profitability condition. As Omega industries are getting increased net income, it suggests their profitability.
EVM or enterprise value multiplier allows a company to compare the capital structure that the company uses. It is commonly used for valuing a business.
Req. C, D & E
In a financial plan, if the sales increase, it should be because of increasing working capital and fixed assets. We know, additional assets can generate more revenues.
A firm can collect approximately 8% of its annual sales at any given time. It can be found through the following way-
since the days' sales in receivables for 30 days in a year, the percentage of annual sales = (30 ÷ 365) × 100 = 8.22% or 8%
Answer:
Manager gives a subordinate an unwarranted compliment instead of honest criticism.
Explanation:
Filtering is when the sender manipulates the information so its received more favorably. A compliment instead of an honest critique is an example of this. It doesn't help the employee improve.
