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Stolb23 [73]
3 years ago
14

An industry is composed of 10 firms, all with equal sales (e.g. firm 1 sales are 10% of the market, firm 2 sales are 10% of the

market). The four-firm concentration ratio in this industry is _______ (expressed as a decimal).
Business
1 answer:
Gelneren [198K]3 years ago
5 0

Answer:

0.40

Explanation:

The four firm concentration ratio = 10%+ 10% + 10% + 10% = 40% =0.40

I hope my answer helps you

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Diego, age 28, married Dolores, age 27, in 2018. Their salaries for the year amounted to $47,230 and they had interest income of
horrorfan [7]

Answer:

$2,587

Explanation:

The computation of the tax liability is shown below:

In the case of the married couples, the range of taxable income up to $19,050 would be charged a tax rate is 10%. Above $19,050 till $77,400, the tax rate is levied for 12%.

Since the taxable income is $24,730

So, the tax liability would be

= $19,050 × 10% + ($24,730 - $19,050) × 12%

= $1,905 + $681.60

= $2,587

3 0
3 years ago
Chance is a traveling marketing representative for a publishing company. He is an independent contractor and was hired without n
Yuki888 [10]

Answer:

hold Chance but not the company liable

Explanation:

In this scenario Chance is an independent contractor so his actions are not representative of the companie's.

When an independent contractor causes damages while working the company will not be held liable for his negligence.

So in this scenario where Chance negligently runs a stop sign and causes an accident and Judy is injured. Only Chance is liable

5 0
3 years ago
At the beginning of 2021, Artichoke Academy reported a balance in common stock of $154,000 and a balance in retained earnings of
professor190 [17]

Answer and Explanation:

The preparation of the statement of the stockholder equity and balance sheet would be shown in the attachment below:

The formulas for ending retained earning balance and stockholder equity  is

Ending retained earnings = Opening retained earnings + net income - dividend paid

And, the ending equity is

= Opening equity + additional shares

The same would be shown in the attachment

4 0
2 years ago
Hercules Company purchased a computer for $4,800 on December 1. It is estimated that annual
julsineya [31]

Answer:

Debit Depreciation Expense, $960; Credit Accumulated Depreciation, $960.

Explanation:

Depreciation is an expense recorded in the income statement. An expense account is created to record annual depreciation in a given year. Since depreciation is an expense,  an increase is captured by debiting the account. The depreciation amount will be credited to the accumulated depreciation account as per the rules of double-entry accounting.

Accumulated depreciation is the natural contra entry account for the depreciation account. The account is used to recorded accumulated depreciation up to the current period. Accumulated depreciation account is because it reduces the book value of the asset.

5 0
3 years ago
Pinkin Inc. needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of the phone. Pinkin
IgorLugansk [536]

Answer:

See below

Explanation:

Total costs = Product costs + Administrative costs

= ($75 × 30,000) + $85,000 - ($50 × 30,000) + $65,000 = $3,900,000

Total cost per unit =Total cost / Units expected to be sold= $3,900,000 /30,000 = $130

Markup per unit = Total cost per unit × Markup percentage = $130.00 × 25% = $32.5

4 0
3 years ago
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