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3 years ago

A market situation where a small number of sellers compose the entire industry is called

Business

1 answer:

Nadusha1986 [10]3 years ago

4 0

Answer:

The correct answer is: oligopoly.

Explanation:

A market structure where there are only a few firms is called an oligopoly market. These firms can be producing either identical products or differentiated products.

Because of few firms, there is a high degree of competition in the market. The firms are price makers and face a downward sloping curve.

There is interdependence in the market such that the economic decisions of a firm affects the price, profits and output level of its rivals. So the firms have to consider the reaction of its rivals before making an economic decision.

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All of the following questions are open-ended problems. You must compute an answer for every problem. For percentage answers, ca

DerKrebs [107]

Solution :

13. Net income = total assets x ROA

= $ 1,000,000 x 12%

= $ 120,000

Net Income for company is $120,000.

Net Profit margin = 4.25%

Total sales = net income / net profit margin

= $ 120,000 / 4.25%

= $ 2,823,529

Total sales for company is $ 2,823,529

14. Debt ratio = 72%

So weight of debt = 72%

Weight of equity = 1 - 72%

= 28%

Debt equity ratio $=\frac{72 \%}{28 \%}$

= 2.57

Debt equity ratio is 2.57

15. Debt ratio = 42.50%

So, weight of debt = 42.50%

Weight of equity = 1 - 42.50%

= 57.50%

Weight of equity is 57.50%.

Return on equity = 15%.

Return on assets = 57.50% × 15%

= 8.625%

Return on assets is 8.625%.

16.

Debt Equity ratio = 1.45

Weight of debt = 59.18%

Weight of equity = 40.82%

Return on assets = 16%

Return on equity = 16% / 40.82%

= 39.20%

Return on equity is 39.20%.

17.

Total Assets turnover = Sales / Total Assets

= (Net Income / Total Assets) / (Net Income / Sales)

= ROA / Net Profit margin

= 7.50% / 15%

= 0.50

Total Assets turnover is 0.50.

8 0

3 years ago

Select all of the true statements regarding Gary Hamel's thoughts on management:

SIZIF [17.4K]

Answer: • management innovation is essential to future organizational success

• we must look at management as a process, and then make improvements and innovation ongoing and systematic

• much of management theory is dated and doesn't fit the current realities of organizational life

Explanation:

The true statements regarding Gary Hamel's thoughts on management are:

1. management innovation is essential to future organizational success

2. we must look at management as a process, and then make improvements and innovation ongoing and systematic

3. much of management theory is dated and doesn't fit the current realities of organizational life

According to Gary Hamel, yesterday's best practices of organizations can not be creative or adaptable for the business challenges tomorrow.

7 0

3 years ago

A characteristic found only in oligopolies is products that are slightly different. interdependence of firms. break even level o

Delvig [45]

Answer:

The correct answer is the interdependence of firms.

Explanation:

An oligopoly market is a market structure where there are a few firms. these firms are interdependent. Price and output decisions of a firm affect its rivals. An oligopoly firm faces a downward-sloping demand curve.

In other market structures like monopolistic or perfect competition, the firms are not interdependent.

7 0

3 years ago

What do the income effect, the substitution effect, and diminishing marginal utility have in common?

Sveta_85 [38]

Answer:

They all help explain the downsloping demand curve

Explanation:

The options to the question wasn't provided. The complete question can be in the attached image.

The demand curve slopes downward from left to right. This indicates that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Income effect is a change in quantity demanded when real income change. Quantity demanded increases when real income increases and decreases when real income falls.

Substitution effect says that consumers would substituite to the consumption of a cheaper good when the price of a good originally consumed increases.

Diminishing marginal utility states that as consumption increases, utility derived from consumption falls and quantity demanded falls.

I hope my answer helps you

3 0

3 years ago

On January 1, 2018, Orangewood Industries bought a new cash register for $7,500. Orangewood plans to use the cash register for 4

masya89 [10]

Answer:

Depreciation expense for the year ended December 31, 2018 equals: $1,725

Explanation:

Orangewood uses straight-line depreciation, Depreciation Expense each year is calculated by following formula:

Depreciation Expense = (Cost of asset − Residual Value)/Useful Life

In Orangewood:

Cost of ash register is $7,500. The company plans to use the cash register for 4 years and then sell it for $600, therefore, Residual Value is $600 and Useful Life is 4 years.

Depreciation Expense each year = ($7,500-$600)/4 = $1,725

The cash register was bought on January 1, 2018. Depreciation expense for the year ended December 31, 2018 equals: $1,725

7 0

3 years ago