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3 years ago

An industry that has many companies offering the same basic product, but with some slight difference is

1 answer:

6 0

An industry that has many companies offering the same basic product, but with some slight difference is B. monopolistic competition.

Monopolistic competition is found in industries where slight differences of a product is possible but they basically offer the same thing. A few examples of monopolistic competition are those in the restaurant or hospitality career field. These businesses offer food or hotel rooms which are what their competitions offer as well, but what they include within their packages or their food offerings may differ.

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A 10-year German government bond (bund) has a face value of €100 and a coupon rate of 5% paid annually. Assume that the interest

cestrela7 [59]

Answer:

€92.64

Explanation:

The present value i.e PV formula is used that is shown in the attached spreadsheet

The NPER reflects the time period.

Given that,

Future value = €100

Rate of interest = 6%

NPER = 10 years

PMT = €100 × 5% = €5

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the answer would be €92.64

8 0

3 years ago

Rusties Company recently implemented an activity-based costing system. At the beginning of the year, management made the followi

Delicious77 [7]

Answer:

a. Labor Cost Rate= 13 $ per DLH

b. Purchase orders Rate= $ 3 per order

c. Product testing Rate = $ 15 per test

d. Template etching Rate = $ 23 per template

e. General factory Rate= $ 6 per MHs

Explanation:

Data

Activity Activity Expected Overhead Expected

Cost Pool Measure Cost Activity

Labor-related Direct labor-hours $16,380 1,260 DLHs

Purchase orders Number of orders $1,920 640 orders

Product testing Number of tests $4,275 285 tests

Template etching Number of templates $805 35 templates

General factory Machine-hours $42,600 7,100 MHs

The activity rate can be obtained by dividing the total cost of each activity with the total cost of the driver allocated to it.

Calculations

Activity Rate = Expected Overhead Cost/ Expected Activity

a. Labor Cost Rate= $16,380 / 1,260 DLHs= 13 $ per DLH

b. Purchase orders Rate= $1,920/ 640 orders= $ 3 per order

c. Product testing Rate = $4,275 /285 tests= $ 15 per test

d. Template etching Rate = $805 /35 templates= $ 23 per template

e. General factory Rate= $42,600/ 7,100 MHs= $ 6 per MHs

3 0

3 years ago

Sheffield Corp., public camping ground near the Four Corners National Recreation Area, has compiled the following financial info

Valentin [98]

Answer:

(a) $40,000

(b) See explanation below

Explanation:

(a) Net Income for 2019

Revenues during 2019 Camping fees = $140,000

Revenues during 2019 General store 50,000

Expense during 2019 $150,000

Net Income = Total Revenue - Expenses

Net Income = $140,000 + $50,000 - $150,000

Net Income = $40,000

(b) Prepare a balance sheet

Assets

Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . .$. 23,000

Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . .2,500

Equipment . . . . . . . . . . . . . . . . . . . . . . . . .140,000

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$165,500

Liabilities

Accounts Payable . . . . . . . . . . . . . . . . . . . . 11,000

Notes Payable . . . . . . . . . . .. . . . . . . . . . . . 60,000

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .71,000

Stockholders' Equity

Common Stock . . . . . . . . . . . . . . . . . . . . . . 20,000

Retained Earnings . . . . . . . . . . . . . . . . . . . . 74,500

Total Stockholders' Equity . . . . . . . . . . . . . . . . . . . . . . .94,500

Total Liabilities and Stockholders' Equity . . . . . . . . . . . . . . . . . . .$165,500

Liabilities + Equity

4 0

3 years ago

Jeters Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5

HACTEHA [7]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

June 1:

Inventory: 120 units for $5= $600

June 12:

Purchase: 370units for $6= $2,220

June 23:

Purchase: 200 units for $7= $1,400

June 30:

Ending Inventory 230 units

Units sold= 460

Under FIFO method, the first units-in are the first to go out. Therefore, the ending inventory has the value of the last units purchased.

Inventory= 200*7 + 30*6= $1,580

COGS= 120*5 + 340*6= $2,640

Under LIFO method, the lasts units-in are the first out.

Inventory= 120*5 + 110*6= $1,260

COGS= 260*6 + 200*7= $2,960

Under the average cost method, we calculate an average buying price and then calculate the ending inventory and cost of goods sold:

Average price= (5 +6 +7)/3= 6

Inventory= 230*6= $1,380

COGS= 460*6= $2,760

The highest ending inventory is from FIFO method.

8 0

3 years ago

"Your team is allocated a project involving a major client, the Beswick Company. Although the organization has many clients, thi

ser-zykov [4K]

Answer:

B. a high degree of centrality

Explanation:

According to the model of power, there are four contingencies of power which are; centrality ,substitutability, visibility and discretion and each may be high or low within the organization, depending on the scenario.

Centrality refers to how dependent others are, on the person or group holding power, and to what extent the actions of those holding power can affect the people depending on them.

The higher the number of people dependent on the power holder, the higher the degree of centrality.

Therefore, my team has a high degree of centrality because the work of several other teams are dependent on my team's performance.

6 0

3 years ago