Select the items that describe perfect competition.

Crane Corporation had income from operations of $6,433,500. In addition, it suffered an unusual and infrequent pretax loss of $7

OverLord2011 [107]

Answer:

Kindly check explanation

Explanation:

Given the following :

Income from operations before income tax and extraordinary item = $6,433,500

Income tax expense = (0.3 × 6,433,500) = $1,930,050

Income before extraordinary item ($6,433,500 - $1,930,050 = $4,503,450

Extraordinary event - loss from eruption = $778,800

Less:Applicable income tax : (1 - 0.3) × 778,000) = $544,600

Less : Interest revenue = $18,630

Less : write down on building = $56,090

Net income = $4,503,450 - (544,600 + 18,630 + 56,090) = $3,884,130

Income before extraordinary item = $4,503,450 / 4,958,200 = 0.9082832 = 0.91

Extraordinary loss = 544600 / 4,958,200 = 0.1098382 = 0.11

Net income = 3,884,130 / 4,958,200 = 0.7833750 = 0.78

3 0

4 years ago

The result of a prisoner’s dilemma in a duopoly is often that even though Firm A and Firm B could make the highest combined prof

mestny [16]

Firms in the oligopoly typically act more like competitors.

Explanation:

The result of a prisoner's dilemma in a duopoly is often that even though firm A and B could make the highest combined profits by cooperating, in producing lower level of output and act like a monopolist. The two firms end with an increasing output and earn only $400 in each profits.

Since the number of sellers in an oligopoly grows larger, the market looks like a competitive market. There are more chances to get incentive or cheat if the person or firm cooperated.

The prisoner's dilemma is a game that tells why cooperation is difficult to maintain for oligopolists. in this game the strategy of each actor is to defect.

6 0

3 years ago

A firm's bonds have a maturity of 14 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 7 years at $1

Dafna1 [17]

Answer:

YTM = 6.51%

YTC = 6.40%

Explanation:

We need to solve using excel goal seek or bond formulas to generate the yield (interest rate) which matches the future couponb and maturity payment with the current selling price of the bond:

Present value of the coupon

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 40.000 (1,000 x 8% / 2 payment per year)

time 28 (14 years x 2 payment per year)

rate 0.032529972 (generate using goal seek tool)

$40 \times \frac{1-(1+0.0325299719911398)^{-28} }{0.0325299719911398} = PV\\$

PV $727.8688

Pv of the maturity (lump sum)

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 28.00

rate 0.032529972

$\frac{1000}{(1 + 0.0325299719911398)^{28} } = PV$

PV 408.06

PV c $727.8688

PV m $408.0612

Total $1,135.9300

As this is a semiannual rate we multiply it by 2

0.032529972 x 2 = 0.065059944 = 6.51%

We repeat the procedure with changing the time and end-value to adjust for the callabe conditions:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 40.000

time 14 (7 years x 2 payment per year)

rate 0.032015131

$40 \times \frac{1-(1+0.0320151313225188)^{-14} }{0.0320151313225188} = PV\\$

PV $445.6984

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,073.00 (call price)

time 14.00

rate 0.032015131

$\frac{1073}{(1 + 0.0320151313225188)^{14} } = PV$

PV 690.23

PV c $445.6984

PV m $690.2316

Total $1,135.9300

Againg his will be a semiannual rate so we multiply by two:

0.032015131 x 2 = 0.064030263 = 6.40%

5 0

3 years ago

What common misconseptions about paying taxes exist? check all that apply

11Alexandr11 [23.1K]

Answer:

The answer is:

1.A person who is unable to pay taxes does not have to pay them.

If you unable to pay your taxes, the amount of payment that you have to pay this year would be accumulated to the tax payment next year.

2.A person who chooses not to pay taxes does not have to pay them.

Paying taxes is an obligation of all working citizens, not a right. We do not get to choose whether we have to pay taxes or not.

3.Simply forgetting to file taxes will not result in jail time.

Since there is no actual intend to not paying your taxes, simply forgetting it usually would only resulted in fines from the IRS.

8 0

4 years ago

The process of asking questions of a speaker based upon responses with the goal of uncovering the truth is:

solniwko [45]

Answer:

d. Socratic questioning

Explanation:

Socratic questioning -

After the work of Socrates , Socratic questioning was developed .

According to this ,

As socrates developed an educational method , which focus to develop and discover answer by asking various students , some questions ,

Hence , by this method of asking question,

The person can get ideas about various new factors and ability of the person.

Hence , from the question,

The correct option is d. Socratic questioning .

6 0

3 years ago