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3 years ago

_____ is the part of the total sales held by one seller. For example, a monopolist holds 100 percent of total sales.

1 answer:

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Market share is the part of the total sales held by one seller.

For example, a monopolist holds 100 percent of total sales. The 100 percent refers to the market share. In a monopoly, only one business has the good or service that is being offered in the market. Thus, consumers have no other choice but to purchase said good or service from the monopolist.

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Wagner Enterprises and Stone Services both disposed of an old asset. When completing the journal entry, Wagner Enterprises inclu

In-s [12.5K]

Answer:

Wagner Enterprises and Stone Services

Disposal of old asset:

It could be that Stone Services exchanged its old asset with a new one with a company. In that situation, the debit goes to New Equipment, while the credit is to the old Equipment. Another reason could be that Stone Services sold the old asset on account. In this situation, the debit goes to the Accounts Receivable account, while the old asset is credited accordingly.

Explanation:

When a company disposes of an old asset, it credits the asset account and transfers the amount to the Sale of Asset account. The same is done for the accumulated depreciation, in reverse. When cash is realized from the disposal, the Sale of Asset account is credited, while Cash account is debited. Then, the difference in the Sale of Asset account will be a gain or a loss, depending on the net book value and the cash realized from the sale.

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3 years ago

Princess Cruise Company (PCC) purchased a ship from Mitsubishi Heavy Industry. PCC owes Mitsubishi Heavy Industry 500 million ye

Illusion [34]

Answer:

Explanation:

In the case of forwarding hedge:

The future dollar cost will be = FX receiveable ÷ Foward exchange rate

= 500 million yen ÷ 110 yen/dollar

= $4.55 million

For money market hedge:

Present value of yen payable = $500 \ yen \div (1+ \dfrac{5}{100})$

$= \dfrac{500 \ yen }{1.06}$

= 476.20 million yen

PCC would convert dollars to yens at the spot market rate and borrow yen such that it would get 500 million yen at maturity(i.e after one year) for Mitsubishi to receive it.

Dollars needed to get these yen = 476.30 yen ÷ 124 yen/dollar

= $3.84 million

Future Value of these dollars (for comparison with the foward market hedge) = $3.84 × (1 + 0.08)

= $4.15 million

Hence, the money market hedge is better as the dollar cost is lower than the forward market hedge to meet the obligation.

On the maturity date, the spot rate is 110 yen/dollar

Ad the strike price = 0.0081 /dollar

It is better for the company to go for the strike price due to the fact that it has a lower rate than the spot rate.

Now;

The premium amount = 500000000 yen × 0.014 dollar / yen

= 70000 dollars

However; the Future dollar-cost payable = 500000000 yen × 0.0081 dollar /yen

= 4050000 dollars

By applying option hedge, the total dollar cost required to meet the obligation = (4050000 + 70000) dollars

= 4120000 dollars

The dollar cost needed from the option hedge required to matching the forward hedge is determined by subtracting it from the premium amount:

Thus;

for option hedge, dollar cost needed = (4550000 - 70000) dollars

= 4480000 dollars

The required future spot rate = 500000000/4480000

= 111.61 yen/dollar

As a result, at the future spot rate of 111.61 yen/dollar, PCC will be unconcerned about and indifferent about the option or forward hedge because the future dollar cost of meeting the obligation will be the same.

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3 years ago

In a local survey, 100 citizens indicated their opinions on a revision to a local land-use plan. Of the 62 persons giving favora

Thepotemich [5.8K]

Answer: The probability that a randomly selected citizen has a favorable or unfavorable opinion is 1 or 100%.

In this question, we have only two answers favorable or unfavorable.

A person can't have both opinions at the same time.

So these events - favorable and unfavorable are mutually exclusive events i.e one event cannot occur when the other occurs.

Let P(F) be the probability of a person who has a favorable opinion

P(UF) be the probability of a person who has an unfavorable opinion

$\boldsymbol{\mathbf{P(F) = \frac{Total people with favorable responses}{Total people in the survey}}}$

$\boldsymbol{\mathbf{P(F) = \frac{62}{100}}}$

$\boldsymbol{\mathbf{P(UF) = \frac{No. of people with unfavorable opinion}{Total number of people in the survey}}}$

$\boldsymbol{\mathbf{P(UF) = \frac{38}{100}}}$

Now, the probability of either one of two mutually exclusive events occurring is:

$\boldsymbol{\mathbf{P(F or UF) = P(F) + P(UF)}}$

$\boldsymbol{\mathbf{P(F or UF) = \frac{62}{100} + \frac{38}{100} = \frac{100}{100}=1}}$

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3 years ago

A mixed-market economy is one in which

GalinKa [24]

Answer:

both the government control and the private sector exist

Explanation:

The mixed-market economies are economies that have primarily developed from the command economies, but have implemented market economy elements as well. In this type of economies we have a situation where the governments still have a very important role in the economy, while in the same time, the private businesses are also thriving. The government is usually in control of the most important and abundant natural resources, thus providing security for the country's people and economy. The private businesses are able to operate freely, and they collaborate with the government as a business partner., with both of them being dependent on each other.

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4 years ago

Davison Toaster Corp. sells its products for $250 per unit. It has the following costs:

dolphi86 [110]

Answer:

Break-even point in units= 1,860

Explanation:

Giving the following information:

Selling price= $250 per uni

Fixed costs= 109,900 + 290,000= $399,900

Unitary variable cost= 29 + 6= $35

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 399,900 / (250 - 35)

Break-even point in units= 1,860

7 0

4 years ago