Answer:
The correct answer is option d.
Explanation:
A pure monopoly is a type of market structure where there is only a single firm in the market which is producing a good with no close substitutes. Such a market also has high barriers to entry.
A pure monopolist can have economic profits in the long run because of barriers to entry.
In the short run, all types of market structures can have positive profits because the short run is too short for new firms to enter.
But in the long run, if there is no or relatively low barrier to entry, positive profit will attract other firms to join the market. This will reduce profits to zero.
But the firms cannot enter into a pure monopoly market, so the monopolist can earn positive economic profits in the long run.
Answer:
In a paragraph of no less than 125 words, describe how technology helps business professionals to be more efficient?
Technology has greatly improved business professionals in recent times, this cut across different spheres such as the development of excel used as spreadsheet to make work neat and presentable, the development of computer which helps in achieving greater efficiency than human power within a shortest timing, the development of computer programming to ensure goods are counted automatically from stock which are entered into the system which limits theft, development of cctv camera which has greatly helped in recurring past events at working places or sales offices which helps to reduce crime and captures perpetrators.
Explanation:
Her best bet would be to use the MODIFY IMAGE MENU. Hope this helps.
Answer:
What will Sam have to pay for this equipment if the loan calls for semiannual payments (2 per year)
and monthly payments (12 per year)?
Compare the annual cash outflows of the two payments.
- total semiannual payments per year = $2,820.62 x 2 = $5,641.24
- total monthly payments per year = $531.13 x 12 = $6,373.56
Why does the monthly payment plan have less total cash outflow each year?
- The monthly payment has a higher total cash outflow ($6,373.56 higher than $5,641.24), it is not lower. Since the compounding period is shorter, more interest is charged.
What will Sam have to pay for this equipment if the loan calls for semiannual payments (2 per year)?
- $2,820.62 x 12 payments = $33,847.44 ($25,000 principal and $8,847.44 interests)
Explanation:
cabinet cost $25,000
interest rate 10%
we can use the present value of an annuity formula to determine the monthly payment:
present value = $25,000
PV annuity factor (5%, 12 periods) = 8.86325
payment = PV / annuity factor = $25,000 / 8.8633 = $2,820.62
present value = $25,000
PV annuity factor (0.8333%, 60 periods) = 47.06973
payment = PV / annuity factor = $25,000 / 47.06973 = $531.13
Answer:
FOH rate based on direct labor cost is 22.8%.
Explanation:
The computation of the factory overhead rate based on the direct labor cost is as follows:
Factory Overhead (FOH) Rate on Direct Labor Cost is
= Total Estimated Factory Overheads ÷ Direct Labor Cost × 100
= [$32,000 + $25,000] ÷ $250,000 × 100
= $57,000 ÷ $250,000 × 100
= 22.8%
Therefore, FOH rate based on direct labor cost is 22.8%.
