Answer:
A monopolist does not have a supply curve because price and quantity are decided at the same time.
Explanation:
A supply curve is generally upward sloping showing a direct relationship between the price level and quantity supplied. In case of a perfectly competitive market, the demand curve is a horizontal curve, showing marginal; revenue and average revenue. The firm here is a price taker and decides the quantity to be supplied according to the price level. The firm is able to maximize profit at the level of output where the price is equal to marginal cost.
However, in case of a monopoly, the firm is a price maker. There is no unique relation between price and quantity. The price and quantity to be supplied are determined at the same time at the point where marginal revenue is equal to marginal cost.
Answer:
a. $92,000
Explanation:
Journal Entries
Dr. Cr.
Purchase of Inventory
Raw Material Inventory $76,500
Cash / Account Payable $76,500
Transferred to production
Work in Process $88,700
Manufacturing overhead $3,300
Raw Material Inventory $92000
So, Raw Inventory account is credited By $92,000.
Answer:
Explained below:
Explanation:
A staffing management plan refers to the plan produced to help businesses primarily identify and later procure the workers at all levels and in all departments of the business organization. The purposes of a staffing management plan to :
Classify staffing needs.
Build timelines.
Establish funds considerations.
Devise and implement talent acquisition strategies.
Construct and execute an on boarding schedule.
Identify and design suitable training bodies and methods.
Follow the plan until it reaches effectiveness.
It addresses the requirements of the organization in many ways, depending upon its business model, its structure, and the system in which it finishes projects and reaches deadlines.
Answer:
have a lower claim on assets than simple debentures
Explanation:
<em>Subordinated debenture have a lower claim on asset than simple debentures.</em>
They are a form of debt or loan without any security and occupy the bottom in the scale of debt repayment.
Subordinated debentures represent an investment with higher risk due to lack of security or backing collateral, but as expected, they come with higher returns when compared to their unsubordinated counterparts.
Answer: $70610
Explanation:
Following the information given, the issue price of the bond will be:
= $6,140,000 × 1.04
= $6,385,600
The premium on bonds payables will be:
= $6,385,600 - $6,140,000
= $245,600
Cash interest Payables will be:
= 6,140,000 × 5% × 3/12
= $76,750
Bond Premium amortization for Each Year will be:
= 245,600 / 10
= $24,560
Then, the premium amortized will be:
= $24,560 × 3/12
= $6,140
Therefore, the interest expenses on Dec 31 will be:
= Cash interset Payables - Premium amortized
= $76,750 - $6,140
= $70,610
