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3 years ago

What are the likely reason(s) that the market for dress shirts is not perfectly competitive? please select all that apply?

Business

2 answers:

tekilochka [14]3 years ago

4 0

Answer:

Dress shirts are not a standardized (homogeneous) product.

Explanation:

Standardized products are more homogeneous in their characteristics and therefore more easily found, and the price also tends to be more influenced by competition, tending to be lower than the differentiated ones in the same range. Moreover, these products end up attracting a large number of producers and establishes imperfect competition between them.

The market characteristic of imperfect competition is one that is characterized by the great possibility for sellers to influence demand and prices by means of product differentiation, advertising, lower added value, brand, etc.

An example of a standardized product that establishes an imperfectly competitive market is the dress shirt.

s2008m [1.1K]3 years ago

3 0

Brand competition. price. location.

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Wayman Corporation reports the following amounts in its December 31, 2021, income statement.

MrRissso [65]

Answer:

Wayman Corporation

Multiple-step income statement

Sales $425,000

Less: Cost of goods sold $135,000

Gross Profit $290,000

Operating Expenses

Salary Expenses $45,000

Utility Expenses $55,000

Advertising Expenses $35,000

Total Operating Expenses ($135,000)

Net Operating Income $155,000

Other Income and Expenses

Interest expense $25,000

Net Income before Tax $130,000

Income tax expense $55,000

Net Income $75,000

6 0

3 years ago

Implementing a system of independent checks is one of the most effective ways to deter fraud. Which one of the following is NOT

Yanka [14]

Answer: The correct answer is d. Single endorsement of checks

Explanation: To achieve independent checks employees can be transfered, made to go on mandatory vacation or periodical audit done.

However, single endorsement of checks creates room for fraud as the employee will be at liberty to access the companies fund without checks and balances.

8 0

3 years ago

In 2017, Wildhorse Corporation had net cash provided by operating activities of $486,000, net cash used by investing activities

Nata [24]

Answer:

1. Cash at December 31, 2017 is $413,000.

Explanation:

As per IAS-7, which deals with the Statement of Cash Flow, the year end Cash balance should be calculated as follows under indirect method:

Cash opening balance

Add: Net cash provided by operating activites

Less: Net cash used by investing activities

Add: Net cash provided by financing activities

Note: The terms "Provided" and "Used" are the basis of addition and subtraction.

Calculation

300,000 + 486,000 - 932,000 + 559,000 = $413,000.

3 0

3 years ago

A product that represents a novel idea requiring little financial investment would be displayed in the ________ of the entrepren

Anit [1.1K]

Answer:

upper-left quadrant

Explanation:

A product that represents a novel idea requiring little financial investment would be displayed in the upper-left quadrant of the entrepreneurial strategy matrix.

A model of entrepreneurial venturing uses a four-cell matrix to identify proper business strategies. This matrix involves reducing risks and increasing innovation within a cell.

4 0

3 years ago

Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:Unit Sal

ser-zykov [4K]

Answer:

Results are below.

Explanation:

Giving the following information:

Sales:

April 82,000

May 90,000

June 122,000

July 96,000

Desired ending inventory= 15% of the following month's unit sales.

The inventory at the end of March was 12,300 units

To calculate the production required, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

April:

Sales= 82,000

Desired ending inventory= 90,000*0.15= 13,500

Beginning inventory= (12,300)

Total production= 83,200

May:

Sales= 90,000

Desired ending inventory= 122,000*0.15= 18,300

Beginning inventory= (13,500)

Total production= 94,800

June:

Sales= 122,000

Desired ending inventory= 96,000*0.15= 14,400

Beginning inventory= (18,300)

Total production= 118,100

4 0

3 years ago