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3 years ago

9

When executives from competing firms meet to decide which of them will submit the lowest bid on a contract, they are indulging i

n?

1 answer:

mariarad [96]3 years ago

7 0

That is called "price fixing"

You might be interested in

When does the company go in loss

Sedbober [7]

When they spend more than they are able to pay back! Hope this helped! BRANLIEST plz!

4 0

2 years ago

Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: Direct

larisa [96]

Answer:

cost of goods manufactured= $990,000

COGS= $1,010,000

Explanation:

Giving the following information:

Direct materials used $360000

Beginning work in process $40000

Direct labor 280000

Ending work in process 20000

Manufacturing overhead 330000

Beginning finished goods 50000

Operating expenses 430000

Ending finished goods 30000

First, we need to calculate the total manufacturing costs:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 40,000 + 360,000 + 280,000 + 330,000 - 20,000

cost of goods manufactured= 990,000

Now, we can determine the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 50,000 + 990,000 - 30,000= $1,010,000

7 0

3 years ago

Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.50 percent, a par value of $1,000 pe

katrin [286]

Answer:

2.9652%

Explanation:

to determine the cost of debt we must use the FMV of the bonds plus the YTM:

first bond:

FMV = 1.09 x $1,000 = $1,090 x 3,600 bonds = $3,924,000

YTM = {C + [(F - P)/n]} / [(F + P)/2] = {17.5 + [(1000 - 1090)/16]} / [(1000 + 1090)/2] = (17.5 - 5.625) / 1045 = 1.136% x 2 = 2.27% annual

second bond:

FMV = 0.95 x $2,000 = $1,900 x 3,950 bonds = $7,505,000

YTM = {C + [(F - P)/n]} / [(F + P)/2] = {59.4 + [(2000 - 1900)/42]} / [(2000 + 1900)/2] = (59.4 + 2.38) / 1950 = 3.168% x 2 = 6.34% annual

total debt = $3,924,000 + $7,505,000 = $11,429,000

weighted average after tax cost of debt:

{($3,924,000/$11,429,000 x 2.27%) + ($7,505,000/$11,429,000 x 6.34%)} x (1 - 0.40) = (0.779% + 4.163%) x 0.6 = 4.942% x 0.6 = 2.9652%

6 0

3 years ago

K owns a variable annuity with an assumed interest rate of 4%. If the actual performance of the separate account(s) is 5%, the e

pickupchik [31]

Answer:

Since the actual performance of the separate account is actually higher than the assumed interest by 1 %, this means that K will be paid 1% more on the value of his/her annuity account.

Explanation:

An annuity account is a policy holder's investment account where the insurance company invests on behalf of the annuitant. The insurance company determine an assumed interest rate that will cover for the insurance company costs and the profit margin that will be paid to the annuitant periodically.

Annuity interest help investors plan for retirement income since the annuitant knows how much they expect to receive upon maturity of the policy. Knowing how to calculate the value of an annuity can also help investors to consider other investment options.

An assumed interest rate that is determined by the insurance company. This is the value of the annuity account and the annuitant should not be paid below the value of this rate. The actual interest rate is the actual performance of the investment in the market. If this rate increases, then the value of payment to be made to the annuitant also increases.

In our case, the actual performance of the separate account is actually higher than the assumed interest by 1 % this means that K will be paid 1% more on the value of his/her annuity account.

4 0

3 years ago

The country of Lilliput has low unemployment and high consumer spending, and small businesses are thriving. However, prices are

lara31 [8.8K]

Answer:

Raise the income tax, which gives citizens less money to spend, and buy more services from civilian - owned businesses, which creates more jobs.

Explanation:

To prevent inflation, Lilliput's government should raise the income tax, which gives citizens less money to spend and buys more services from a civilian-owned business, which creates more jobs.

In this way, it can increase employment and reduce consumer spending which in turn will prevent inflation.

7 0

3 years ago