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3 years ago

You are told that the four-firm concentration ratio in an industry is 20.

Business

1 answer:

marin [14]3 years ago

3 0

Answer:

Correct option is (C)

Explanation:

Concentration ratio estimates the position or size of a company as compared to the industry in terms of percentage. It states the firm's share in the industry. There are two firm, four firm and eight firm concentration ratios.

In four-firm concentration ratio, the four firms combined together holds 20 percent of industry sales. 80 percent is held by other firms. Higher ratio indicates that there are less competitors in such markets while lower ratio indicates more competition.

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Nona Curry started her own consulting firm, Curry Consulting Inc., on May 1, 2022. The following transactions occurred during th

larisa86 [58]

Curry Consulting Inc.'s Income Statement for the month ended May 31, 2022 is as follows:

Service Revenue $5,600

Expenses:

Office Rent Expense $600

Advertising Expense 150

Salaries Expense 2,500

Utilities Expense 180

Total expenses $3,430

Net Income $2,170

Data Analysis:

May 9, Service Revenue $1,400

May 15, Service Revenue $4,200

Total Service Revenue for the month = $5,600 ($1,400 + $4,200)

May 2, Office Rent Expense $600

May 5, Advertising Expense $150

May 17, Salaries Expense $2,500

May 30 Utilities Expense $180

Thus, the income statement for the month of May, 2022 produces a net income of $2,170 which is the difference between the total service revenue and the total expenses.

Read more about preparing the income statement at brainly.com/question/24257787

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3 years ago

Alan Jackson invests $20,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 yea

kondaur [170]

Answer:

a. $32,800

b. $37,019

c. $37,460

Explanation:

a. The computation of Total Amount Withdrawn by Alan when simple interest is shown below:-

Accumulated amount of money = Invested amount + (Rate of interest × Number of years)

= $20,000 + ($20,000 × 8% × 8)

= $32,800

b. The computation of Total Amount Withdrawn by Alan when annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest)^Number of years

= $20,000 × (1 + 0.08)^8

= $20,000 × 1.85093

= $37,019

c. The computation of Total Amount Withdrawn by Alan when semi annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest × Number of years ÷ 200)^16)

= ($20,000 × (1 + 0.08 × 8 ÷ 200)^16)

= $20,000 × 1.87298

= $37,460

Therefore we have applied the above formulas.

5 0

4 years ago

The third party which is authorized to make a final decision in a dispute is called the ______.

sesenic [268]

The third party which is authorized to make a final decision in a dispute is called the arbitrator.

7 0

4 years ago

McFarlane, Inc. reports the following information:

alukav5142 [94]

Ccc. ...........................

6 0

3 years ago

The may bank statement for accounting services shows a balance of $6,300, but the balance per books shows a cash balance of $7,9

vichka [17]

The adjusted cash balance at the end of August should be $8,180.

<h3>The May bank statement for Accounting Services shows a balance of $6,300, but the balance per books shows a cash balance of $7,980. Other information includes the following:</h3>

-A check for $200 to pay the electric bill was recorded on the books as $20.

-Included on the bank statement was a note collected by the bank for $400 plus interest of $30.

-Checks outstanding totaled $260.

-Bank service charges were $50.

-Deposits in transit were $2,140.

The adjusted cash balance at the end of August should be

A. $7,980.

B. $9,810.

C. $7,620.

D. $8,180.

Solution:

$6,300 + 2,140 - 260 = $8,180.

$7,980 - 180 - 50 + 430 = $8,180

The adjusted cash balance at the end of August should be

D. $8,180.

To learn more about the sum, refer

brainly.com/question/9682084

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2 years ago