There are numerous reasons why it is a good idea to know the engine size of a vehicle. The size of an engine will let a driver know the horespower that the car has. It will also let the person know how much fluids are needed in the car such as oil, transmission fluid, radiator fluid, etc. The size of the engine is also needed when a person goes to buy a battery for the car. The size of the engine is also needed when you go and buy parts for the car.
When companies in a competitive market are incurring a monetary loss, a number of the firms will go out of the market. As those corporations go out, the delivery decreases.
An aggressive marketplace is a term in economics that refers to a marketplace where there are a big amount of consumers and dealers and no unmarried consumer or dealer can affect the marketplace. competitive markets have no limitations to entry, lots of buyers and sellers, and homogeneous products.
The four popular forms of market systems consist of ideal opposition, oligopoly market, monopoly market, and monopolistic opposition.
A competitive market creates opposition amongst customers. which means one patron competes with another for an amazing or carrier, specifically for dwindled stock. for example, when it comes to buying tickets to a wearing event or music concert, customers often compete to buy high-quality seats.
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Answer:
mason complete the additional work $5000 after that he sell and get profit $200
Explanation:
given data
spent on restoration = $3500
sell car = $2800
additional work = $2000
car price = $5000
to find out
What should Mason do
solution
we say here after spending $3500 selling cost is $2800 so
loss will be 3500 - 2800 = $700
so if additional work is $2000
total present value will be = ( $2800 + $2000 )
total present value = $4800
so now if he sell car at $5000
he get profit = ( $5000 - $4800 )
profit = $200
so mason complete the additional work $5000 after that he sell and get profit $200
Answer:
a. 105
b. For machining $130
For assembly $50
Explanation:
a. The computation of the company's current plant-wide overhead rate is shown below:-
Current plant-wide overhead rate = Total manufacturing overhead ÷ Total direct labor hours
= $1,050,000 ÷ 10,000
= 105
b. The computation of refined departmental overhead rates is shown below:-
Departmental overhead cost = Overhead cost of department ÷ Cost driver of department
For machining
= $650,000 ÷ 5,000
= $130
For Assembly
= $400,000 ÷ 8,000
= $50
