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Arada [10]
3 years ago
9

What is perfect competition in economics?

Business
2 answers:
Ede4ka [16]3 years ago
5 0
When you and your opponent battle back and forth having to either drop your prices or higher them.
Sergio [31]3 years ago
4 0

A market structure in which a large number of firms all produce the same product

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Process costing would be most likely used by a A. salsa company. B. soft drink manufacturer. C. cereal company. D. all of the ab
Lana71 [14]

Answer:

All of the above would use process costing.

Explanation:

Process costing can be defined as a method of assigning manufacturing costs whereby the cost of each unit produced is assumed to be the same cost for every unit.

Process costing is most commonly applied when goods are produced in large numbers and when the costs linked to individual units cannot be easily differentiated from each other.

Under process costing, costs rise over a fixed period of time, and are then assigned to all the units produced throughout that period.

4 0
3 years ago
A government annually allocates $5 billion of its total tax revenue to weather related disaster relief, $21 billion to healthcar
Murrr4er [49]

Answer:

15.90%

Explanation:

TO calculate the percentage of its budget is allocated annually to healthcare we need to calculate total tax revenue in a year by multiplying the quarterly tax revenue by 4. and then divide the health care allocation percentage by dividing the amount of health care by total tax revenue in a year.

Quarterly tax revenue = $33 billion

Number of quarters in a year = 4

Yearly tax revenue = $33 billion x 4 = $132 billion

Annual allocation to healthcare = $21 billion

Annual allocation to healthcare = ($21 billion/$132 billion) x 100

Annual allocation to healthcare = 15.90%

5 0
3 years ago
_____ aims to increase traffic in retail stores using special sales on a limited number of products and higher everyday prices o
uysha [10]

low pricing aims to increase traffic in retail stores using special sales on a limited number of products and higher everyday prices on others.

Stores can therefore attract customers with the low prices and once the customer is there, they will more than likely purchase one of the higher priced items.

6 0
3 years ago
Turnbull Co. is considering a project that requires an initial investment of $1,708,000. The firm will raise the $1,708,000 in c
Soloha48 [4]

Answer:

The WACC for this project is 10.605%

Explanation:

The WACC or the weighted average cost of capital is the weighted average return that the company is expected to pay its capital providers.The WACC is calculated by multiplying the cost of each component by their respective weights in the capital structure. The WACC is calculated using the following formula,

WACC = wD * (1-tax) * rD  +  wP * rP  +  wE * rE

Where,

  • wD, wP and wE represents the weight of debt, preferred stock and common equity respectively as a proportion of total capital.
  • rD, rP and rE is the cost of debt, preferred stock and equity respectively.
  • The (1-tax) is used in debt component to calculate the after tax cost of debt

WACC = 750000/1708000 * (1-0.25) * 0.096  +  78000/1708000 * 0.107  +  880000/1708000 * 0.135

WACC =  0.10605 or 10.605%

6 0
4 years ago
LO 1.2Who are the primary users of the information gathered by managerial accountants?
Oduvanchick [21]

Answer:

managers of the organization

Explanation:

Management Accounting - The main purpose of accounting is to provide a database for business leaders to make the right decisions. Management accounting performs the same function as an area of ​​accounting. Simply the information that the management accounting reveals is intended for internal users of the enterprise, and some literature has described it as "good" data.

Internal users use management accounting data to develop strategies, plan work, make decisions, and optimize resource use.

The main differences between the Financial Accounting (FA) and the Management Accounting (MA) are the dual registration system in the FA. The FA should comply with the legislation and the monetary measure. MA has no legal requirement, and natural, labor and so on. Dimensions can be used. One of the most important differences is that the FA reflects on what has happened, and MA prepares predictive reports on what has happened and about future events.Thus, MA calculations help in making decisions on internal procedures, budgeting and other projected reports.

4 0
3 years ago
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