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3 years ago

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7. A company's marginal revenue is $10, its marginal cost is $10, and its price is $10. This company is operating in a/an ______

_ market structure. A. perfect competition B. oligopoly C. monopolistic competition D. monopoly

2 answers:

Sphinxa [80]3 years ago

8 0

The Answer is C. monopolistic competition

serious [3.7K]3 years ago

3 0

Answer:C monopolistic competition

Explanation:

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An insured submits a claim form that has been intentionally and falsely altered in order to receive a benefit. which term best d

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Fraudulent is a term that best describes this submission.

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4 years ago

LaQuesha Jackson has made a considerable fortune. She wishes to start a perpetual scholarship for engi- neering students at her

jarptica [38.1K]

Answer:

A) EUAC = 38625.09 / 3.4869 = 11077.354

B) $83225.79

Explanation:

A ) Determining the EUAC of providing the scholarship

EUAC = sum of present values / sum of present value factors

present value is calculated as ( p ) = year * present value factor

the present value factor for the various(4) years are : ( 1.000, 0.9091,0.8264,0.7513 ) = 3.4869

present value for the 4 years =( $10000 , $9,090.91, 8264.46, 11269.72 )

total = $38625.09

therefore EUAC = 38625.09 / 3.4869 = 11077.354

B ) THE MONEY LAQUESHA MUST DONATE

interest rate for perpetuity = 1.10 ^4 - 1

= 1.4641 -1 = 0.4641

therefore amount to be donated = total present value / interest rate for perpetuity

= 38625.09 / 0.4641 = $83225.79

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3 years ago

Nil co. uses a predetermined factory overhead application rate based on direct labor cost. for the year ended december 31, nil’s

Novosadov [1.4K]

Answer: “over-applied by $30,000”

<span>We know that the Manufacturing Overhead is applied using direct labor cost as the driver. The predetermined application rate using the direct labor cost is calculated:</span>

Rate = Estimated Overhead/Estimated Driver

Rate = $600,000/($6.00 x 50,000)

Rate = $600,000/$300,000

Rate = $2 of overhead is applied for every $1 of direct labor cost

Since the actual direct labor cost is $325,000, therefore:

Manufacturing Overhead = $325,000 x $2

Manufacturing Overhead = $650,000

Since actual Manufacturing Overhead is only equal to $620,000, this means that it is “over-applied by $30,000”

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3 years ago

what are the two fundamental qualitative characteristics that make accounting information useful for decision making?

Charra [1.4K]

Answer:

The answer is relevance and faithful representation.

Explanation:

Accounting information that is not relevant useful.

Relevance is when the accounting information in timely and use for taking major business and economic decisions.

Another one is faithful representation. Accounting information must be faithfully represented. It must be objective and free from bias.

If Accouting information is to be faithfully represented, it must have the following:

1. Completeness. There must be full disclosure of information. No material item or information must be omitted.

2. Error-free It must be 99percent error free.

3. It must be free from bias. Objectivity is the key.

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3 years ago

A revenue that is foregone (or given-up) as a result of doing a another activity is known as:________

Vitek1552 [10]

Revenue that is foregone (or given up) as a result of doing another activity is known as an opportunity cost

This is further explained below.

<h3>What does the opportunity cost?</h3>

Generally, In the context of microeconomic theory, the opportunity cost of a certain action refers to the value or gain that is lost as a result of participating in that activity as opposed to participating in an alternative activity.

To put it another way, it indicates that if you choose one activity over another, you will not be able to participate in the other choice.

In conclusion, An opportunity cost is the amount of potential income that is lost as a direct consequence of a decision to engage in another activity instead.

Read more about opportunity cost

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2 years ago