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4 years ago

Confronted with the same unit cost data, a monopolistic producer will charge:

Business

1 answer:

mojhsa [17]4 years ago

4 0

Answer:

C. a higher price and produce a smaller output than a competitive firm.

Explanation:

A monopolistic producer will charge a higher price when confronted with the same unit cost data. The producer will also produce less of the item to make it appear more in demand. In turn, this allows the producer to make more money by spending less on labor and materials. Their overhead is reduced as well. This is seen as a competitive way to market their product and make it seem better and that it sells faster so keeping up with demand is difficult, even though it is completely false.

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Wealth that is earned, saved and loaned out to make a profit is called _______________.

Elena L [17]

The correct answer is (a.) capital. The wealth that is earned, saved and loaned out to make a profit is called capital.Capital is also the money or wealth that an entrepreneur must have to produce services and good for the consumers.

8 0

3 years ago

Read 2 more answers

Determine the (a) working capital, (b) current ratio, and (c) quick ratio. Round ratios to one decimal place.The following data

kramer

Answer:

a. The working capital is $625,000

b. The current ratio is 2.82

c. The quick ratio is 2.08

Explanation:

In order to calculate the working capital first we need to calculate the Current Assets and the Current Liablities as follows:

Current Assets = Cash + Accounts receivable + Inventory + Prepaid Expenses + Temporary investments

= 154,000+210,000+240,000+15,000+350,000

=$969,000

Current Liablities = Accounts payble + Accrued liablities + Income tax payable + Notes payable,short term

= 245000+4000+10000+85000

=$344,000

a. Therefore, working capital = Current Assets - Current liabilities

= 969000 - 344000

= $625,000

b. To calculate the current ratio we have to use the following formula:

current ratio = Current Assets / Current liabilities

=969,000 /344,000

= 2.82

c. To calculate the quick ratio we have to use the following formula:

quick ratio = (Cash + Accounts receivable + Temporary investments ) / Current liabilities

= (154,000+210,000+350,000) / 344,000

= 2.08

7 0

4 years ago

HELP ASAPPPP HELPPP PLEASE HELP ME NO LINKS

Alenkinab [10]

Umhow are we supposed to help u with this?

7 0

3 years ago

BMW is planning to make a big push into markets around the world with its MINI brand. If BMW has valuable know-how that cannot b

Vaselesa [24]

Make more money and invest in the future of cars

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3 years ago

The accountant for Eric's Plumbing Equipment Company recently made a journal entry consisting of a debit to Work in Process and

lara31 [8.8K]

Answer:

The use of raw material in the production process

Explanation:

The journal entry for recording the raw material used for the production process is shown below:

Work in Process Inventory A/c Dr XXXXX

To Raw Materials Inventory A/c XXXXX

(Being the raw material used for the production process is recorded)

For recording this transaction, we debited the Work in Process inventory account and credited the Raw Materials Inventory account

5 0

3 years ago