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3 years ago

When one group controls an industry or market by being the only provider, this is called _____.

1 answer:

6 0

When one group controls an industry or market by being the only provider, this is called MONOPOLY.

Mono - Greek monos means one or single
Poly - Greek polein means to sell.

Monopoly is a market where only one sells a certain good or service. In this type of market there is no competition thus the monopolist is not driven to improve his commodity because consumers have no other choice but to buy his product.

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Perrette Motor Company rebuilds automobile engines that have been damaged or are in need of extensive repair. The rebuilt engine

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Answer:

Perrette Motor Company

Computation of the cost per equivalent unit for materials and conversion for the month:

1. Material cost per equivalent unit: $1,100

2. Conversion cost per equivalent unit: $1,350

Explanation:

a) Data and Calculations:

Units % of completion Equivalent unit

Materials Conversion Materials Conversion

Beginning WIP 120 50% 50% 60 60

a) Started and

Completed 530 100% 100% 530 530

b) Ending WIP 220 50% 30% 110 66

Equivalent units 640 596

Cost of production:

Materials Conversion

Beginning WIP $68,000 $73,200

Started & completed 636,000 731,400

Total cost $704,000 $804,600

Equivalent units 640 596

Cost per equivalent unit $1,100 $1,350

b) When calculating the equivalent units under the weighted average process costing method, the units beginning work-in-process are not taken into consideration, but the costs are.

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3 years ago

In its first month of operations, Vaughn Manufacturing made three purchases of merchandise in the following sequence:

olga nikolaevna [1]

Answer:

$Ending\ Inventory = \$1920$ --- FIFO

$Ending\ Inventory = \$1200$ -- LIFO

Explanation:

Solving (a):

FIFO method

This means that the first items to be listed were sold out and only 240 of the last item is left

This implies that the following units were sold

340 units at $5; 440 units at $7 and (540 - 240) units at $8

So: We're left with

$Ending\ Inventory = 240 * \$8$

$Ending\ Inventory = \$1920$

Solving (b):

LIFO method

This means that the last items to be listed were sold out and only 240 of the fist item is left

This implies that the following units were sold

540 units at $8; 440 units at $7 and (340 - 240) units at $5

So: We're left with

$Ending\ Inventory = 240 * \$5$

$Ending\ Inventory = \$1200$

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4 years ago

Organizational variables include decision rights, business processes, formal reporting relationships, and ____________. 1. forma

Dovator [93]

Answer:

The correct answer is number (4): informal networks.

Explanation:

Organizational variables are those components of the organization that influence in the decision-making. There are four main organizational variables:

Decision rights: authority to initiate, approve, implement, and control decisions.
Business processes: tasks needed to fulfill corporate goals.
Formal reporting relationships: structure to set up the coordination line within the firm.
Informal networks: groups that transmit information outside the formal reporting relationships.

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4 years ago

A few years ago, in order to gain market share, Blackboard™, a well-known management system software company used by many colleg

ASHA 777 [7]

Answer: <em>A horizontal merger</em>

Explanation:

A horizontal merger is known as or referred to as a business consolidation or merger that tends to occur between a firm which operate in the vicinity or same industry. The competition is higher among the organizations and companies that are operating or working in same space, that is mostly concerned with potential gains and synergies in the market share are way greater for the firms merging.

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3 years ago

The day-to-day living conditions of modern Americans are very different from what they were in the 20th century. While doing res

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Answer:

To the first question: C) C. There has been economic growth in our society.

To the second question: E). Economics.

Explanation:

To the first question:

A is false because there has been several recessions in the past 100 years

B is false because markets have failures, causing the recessions mentioned above.

D is false because there are still poor countries, and the concept of "invisible hand" isn't properly explained

To the second question:

The field of economics is the most accurate description of what the researchers are focusing.

En option A they talk about the monetary variable and status of the GDP (recession is associated as decreasing in GDP)

Option B talks about the markets.

C outright spells "economic"

D "the invisible hand" is a concept invented by Adam Smith, the father of modern economics

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4 years ago