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4 years ago

List the different types of market structures that big data benefits the least and benefits the most.

1 answer:

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The market structures that most benefit from Big Data are the competition Monopolistic, which is a type of imperfect competition such that many producers sell products in a market but the products are not identical (heterogeneous products), and they differ from each other by the brand, the quality or the location. In monopolistic competition, a firm takes the prices of its rivals as data and ignores the impact of its own prices on the prices of other companies; and Oligopoly, a market structure in which there are few relevant competitors. Each of them has a certain capacity to influence the market variables (such as price and equilibrium quantity), on the other hand, the one that benefit the least from Big Data is the monopoly, as it is a market structure where there is a single offer a certain good or service, that is, a single company dominates the entire supply market.

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How many career fields are there?<br> A. 6<br> B. 9<br> C. 11<br> D. 17

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The answer is A, there are 6 career fields

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3 years ago

Read 2 more answers

Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departme

hjlf

Answer:

$17.97 per unit

Explanation:

Using weighted average method, Equivalent units = Units that are completed during the period + Equivalent units in process at the end of period.

Equivalent units = 8,500 + 2,000*90%

Equivalent units = 8,500 + 1,800

Equivalent units = 10,300

Cost per equivalent unit for materials = (Beginning costs + Current costs) / Equivalent units

Cost per equivalent unit for materials = ($13,000 + $172,100) / 10,300 units

Cost per equivalent unit for materials = $185,100 / 10,300 units

Cost per equivalent unit for materials = $17.97 per unit

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3 years ago

Different companies use different bases in computing the predetermined overhead rates. From the following estimated data, comput

algol13

Answer:

Paper Rock Scissors

Machine-hours (D / A) 4 2.06 3.00

Direct Labor-hours(D / B) 8 9 9.62

Direct Labor- cost (D / C) 0.5 0.59 0.91

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

We will dive the overhead among the roposer cost driver in each case:

Paper Rock Scissors

A.-Machine-hours 100,000 210,000 125,000

B.-Direct Labor-hours 50,000 48,000 39,000

C.- Direct Labor- cost 800,000 735,000 410,000

D.- overhead cost 400,000 432,000 375,000

Machine-hours (D / A) 4 2.06 3.00

Direct Labor-hours(D / B) 8 9 9.62

Direct Labor- cost (D / C) 0.5 0.59 0.91

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3 years ago

"Izzo Company completed its fourth year of operations ended December 31, 2019. Prepare the (1) Income Statement for the year end

m_a_m_a [10]

Answer and Explanation:

The Preparation of the income statement is shown below:-

Izzo Company

Income statement

For the year ended December 31, 2019

Particulars Amount

Service Fee Revenue $275,000

Total Revenue a $275,000

Expenses:

Supplies expense $8,000

Insurance expense $4,000

Rent expense $10,000

Salaries expense $56,000

Total Expense b $78,000

Net Income (a-b) $197,000

2. The preparation of the balance sheet is shown below:-

Izzo Company

Balance sheet

For the year ended December 31, 2019

Assets

Current assets:

Cash $213,000

Accounts Receivable $16,000

Supplies Inventory $32,000

Total current assets $261,000

Property, plant, and equipment:

Building $80,000

Total Long-term assets $80,000

Total Assets $341,000

Liabilities

Current liabilities:

Account Payable $34,000

Total current liabilities $34,000

Long term liabilities

Notes payable [long term] $32,000

Total long term Liabilities $32,000

Stockholders` Equity

Contributed capital $80,000

Retained Earnings * $195,000

Total stockholders` equity $275,000

Total liabilities and stockholders

equity $341,000

*Note

Beginning Balance $200,000

Add: Net Income $197,000

Less:

Cash Dividends ($202,000)

Retained Earnings Closing

Balance $195,000

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4 years ago

Marilyn is the operations manager of a new hair salon in an upscale urban neighborhood. Customers in this neighborhood expect hi

Crank

Marilyn shall experience the critical problem in covering the operational cost for running the business if she is unable to find the way to meet customers' demand for quality

Explanation:

Retail business management needs to execute market research and should able to compare its nature of service with other retail services of the same business. As the Operations Manager, Marilyn should be able to capture the present pulse of the customers' needs which in turn increases the demand of the customers.

Absorbing the new market trend and fashion related to the profession of salon techniques, Marilyn should provide training to the staff in an upscale urban neighborhood. It will fetch the positive effects of fetching good results in attracting more demanded customers.

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4 years ago