Answer:
B. one firm has the exclusive ownership of a scarce resource.
Explanation:
Monopoly can be regarded as market structure whereby a single seller thrives, this is a structure whereby the seller sells a unique product in the market. As far as monopoly market is concerned, no competition is been encontered by the manufacturer , because he is the only one selling goods with no close substitute. As a result of this there is restrictions of the entry of other sellers in the market.
It should be noted that monopoly may exist because one firm has the exclusive ownership of a scarce resource.
Answer:
a)
Variable cost per unit=$10.08
Contribution per unit=$13.92
b)
Contribution margin ratio=58%
Variable cost ratio= 42%
c) Break-even units=3,000 units
Explanation:
Variable cost per unit
= 4.98 + 2.10 + 1.00 + 2.00 = $10.08
Variable cost per unit=$10.08
Contribution per unit = Selling price per unit - Variable cost per unit
= 24 - 10.08 =13.92
Contribution per unit=$13.92
b)
Contribution margin ratio= contribution/selling price= 13.92/24 × 100=58%
Contribution margin ratio=58%
Variable cost ratio = variable cost/selling price= 10.08
/24× 100 = 42%
Variable cost ratio=42%
c)
Break-even units = Total general fixed cost/contribution per unit
= (26,500 + 15,260)/ 13.92 = 3000 units
Break-even units=3,000 units
The reason that they do this because rotating crops has the
capability of keeping the nitrogen from being depleted in the soil as nitrogen
fixing bacteria are likely to be found in the nodules of the roots of the
soybeans and not on the corn’s roots that makes soybeans the next after the corn
is planted first.
Answer:
$304,000
Explanation:
Calculation to determine How much was DJ's net income
Net cash inflow from operating activities ($262,000)
Less Account spayable decrease ($26,000)
Less Prepaid asset increase ($20,000)
Add Depreciation expense $32,000
Add Accounts receivable decrease $26,000
Add Loss on sale of depreciable asset $21,000
Add Wages payable increase $15,000
Less Unearned revenue decrease $21,000
Add Patent amortization expense $15,000
Net income $304,000
Therefore DJ's net income is $304,000
Answer: 2.91 years
Explanation:
The discounted payback period calculates how long it takes for the cummulative discounted cash flow to equal the amount invested.
Please check the attached image for the table explaining how the answer was gotten.