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aliya0001 [1]
3 years ago
9

The textile industry in Pakistan is growing over the time due to the modernization, high standards of living and increasing dema

nd for good material at reasonable price. Many fabric brands like as Gul Ahmed, Sana Safinaz, Warda, Nadia Hussain, Firdous Lawn, Bareeze Lawn, Khaadi, Kayseria, Nishat and many others jointly make the textile industry in Pakistan. As there are more than 50 top fabric brands in Pakistan which are concerned with design, production and distribution of yarn, cloth and clothing but in the face of this high competition, Khaadi is efficacious enough to capture the enormous market share and profit. It has specialized in hand-woven products and other textiles. It has 45 branches working across Pakistan. Estimated annual revenue of Khaadi is 100 Million $.
Being a student of economics, you’re required to identify the market structure category in which this Khaadi brand falls. Justify your answer by applying any two key characteristics of that market structure on the given industry.
Business
1 answer:
stepladder [879]3 years ago
3 0

Answer:

The correct answer is, Oligopoly.

Explanation:

This is so true that in Pakistan, the textile industry has grown at a much bigger pace in the past recent years. There are many brands that are mentioned in the question that are concerned with the design and production of yarn, cloth and clothing, but they face high competition.

According to the question, Khaadi is the brand in Pakistan which is capturing the most of the market share and profit. According to the characteristics, Khaadi fall under the market structure of Oligopoly. Oligopoly is the market structure in which only few of the firms are dominating in the industry.

So now defining the two characteristics of Khaadi as oligopoly; one is, Khaadi is the dominating brand with the highest market share in the textile industry. Secondly the products of Khaadi are homogeneous but differentiated because of the specialized hand woven products, which other brands hardly practice.

So Khaadi falls under the Market Structure of Oligopoly.  

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Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. F
masha68 [24]

Answer:

Closing Units =  (710 units - 490 units)= 220 units

a) FIFO : closing inventory = $14,040

   Mar 18 purchase 20 *$62 =$1,240

  Mar 25 purchase 200 *$64 = $12,800

b) LIFO : closing inventory = $12,780

Mar 1 opening = 90 * $52 =$4,680

Mar 18 purchase = 110 * $62 = $6,820

Mar 25 purchase = 20*$64 =1,280

c) Weighted Average Method (WAM) :

WAM= (Opening cost + purchases cost)/(opening units +units purchased)

       = ($7,800+$14,250)/(150+250) = $55.125 cost before Mar 9 sale

WAM(after the first sale) = ($4,961.25 +$6,820 + $12,800)/(90+110+200)

                                        = $61.45

Closing Inventory = $61.45*220 =$13,519

d) Specific Identification :Closing Inventory = $13,070

Mar 01 opening = 60 *$52 =$3,120

Mar 5 Purchase = 30*$57 =$1,710

Mar 18 Purchase = 40*$62 =$2,480

Mar 25 Purchase = 90*$64 =$5,760

Explanation:

The Question is incomplete. I have provided the missing part of the question below.

Date Activities Units Acquired at Cost Units Sold at Retail

Mar. 1  Beginning inventory  150 units  $52.00/unit    

Mar. 5  Purchase  250 units  $57.00/unit    

Mar. 9  Sales      310 units  $87.00/unit

Mar. 18  Purchase  110 units  $62.00/unit    

Mar. 25  Purchase  200 units  $64.00/unit    

Mar. 29  Sales      180 units  $97.00/unit

     Totals  710 units   490 units

5 0
3 years ago
Promissory estoppel is​ a(n) _____ doctrine that permits a court to order enforcement of a contract that lacks​ _____.
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Promissory estopplel is a contractual agreement based on a promise rather than on a written contract but is still enforceable and legal such as in regarding payment for services rendered so that the contractor is protected financially.
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3 years ago
A farmer and a meatpacker use the commodity markets to reduce their risk. One agrees to buy live cattle in the future at a fixed
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Answer:

A farmer is the one that owns the cattle and is ready to sell it on the market demand, while the meatpacker is the one who buys the product and sells it in different parts to the end consumers.

Since they both are using the commodity market to reduce the risk, the farmer will be the one who agrees to sell the cattle in the future at a fixed rate, while the meatpacker will be the one who agrees to buy the cattle in the future at a specified price fixed by him.

Hope this helps. ThankYou.

3 0
3 years ago
Industries’ capital structure features 63 percent equity, 7 percent preferred stock, and 30 percent debt. If the before-tax comp
djyliett [7]

Answer:

16.091%

Explanation:

The computation of the WACC is shown below:

= (Weightage of debt × cost of debt) × ( 1- tax rate) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of  common stock) × (cost of common stock)

= (0.3 × 9%) × ( 1 - 21%) +  (0.07 × 9.5%) +  (0.63 × 11.60%)

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Croft Corporation produces a single product. Last year, the company had a net operating income of $89,000 using absorption costi
Maksim231197 [3]

Answer:

21,200 units

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= Net operating income under absorption costing - Net operating income under variable costing

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= $14,400

Now the inventory units increased by

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= 1,200 units

And, the production units are 22,400

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= 21,200 units

This is the answer and the same is not provided in the given options

4 0
3 years ago
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