The consumer surplus that is transferred to the monopolist as a result of the monopolist taking over the market is

The Step Company has the following information for the year just ended: Budget Actual Sales in units 15,000 14,000 Sales $ 150,0

alekssr [168]

Answer:

$7,000 Favourable

Explanation:

Calculation to determine what The Step Company's sales-price variance is:

Using this formula

Sales Price Variance = (Actual Sales Price – Budgeted Sales Price) * Actual Sales Volume

Let plug in the formula

Sales Price Variance=[($ 147,000÷14,000)-(150,000/15,000)]*14000

Sales Price Variance = ($10.5 – $10) * 14000

Sales Price Variance = $7,000 Favorable

Therefore The Step Company's sales-price variance is: $7,000 Favorable

The Step Company has the following information for the year just ended: Budget Actual Sales in units 15,000 14,000 Sales $ 150,000 $ 147,000 Less: Variable Expenses 90,000 82,600 Contribution Margin $ 60,000 $ 64,400 Less: Fixed Expenses 35,000 40,000 Operating Income $ 25,000 $

5 0

3 years ago

7.Research on neurotransmitters indicates that:A)a single synapse generally uses several dozen neurotransmitters.B)neurotransmit

astra-53 [7]

Answer:

Option A

Explanation: Research on neurotransmitters indicates that a single synapse generally uses several dozen neurotransmitters

6 0

3 years ago

Three examples of solutions to the problems of a monopoly are harnessing the benefits of ________, ________ trade barriers, and

Sever21 [200]

Answer:

1. harnessing the benefits of competition.

2. reducing trade barriers

3. regulating markets.

Explanation:

harnessing the benefit of competition

The use of competition in a market will enable consumers get the best possible prices, quantity, and quality of goods and services. competition in a market will also boost innovation allowing each firm producing similar goods to improve the quality of their products so as to gain more market share.

Reducing trade barriers

When trade barriers such as quota, embargo, tariffs are reduced in the market, it becomes easier for firms to compete with a other firms. Reduction of trade barriers will encourage more firms to enter a market that previously had a single supplier of a commodity .

Regulating market

A regulated market is a kind of market where government control the force of demand and supply like determining who is allowed to enter the market and determine what price to be charge. Markets that are natural monopolies are usually regulated to avoid exploitation of consumers

5 0

3 years ago

Question 2 of 10

Fiesta28 [93]

Answer:

a is it i think

Explanation:

4 0

3 years ago

Read 2 more answers

ECG Monitors is forecasting that sales next year will be $8,640,000, a 20 percent increase over current sales. ECG has total ass

Rama09 [41]

Answer:

$ 620,000

Explanation:

The increase is assets is the amount the firm will need to finance:

Current Assets: 3,840,000

Forecast Assets: 3,840,000 x ( 1 + 20%) = 4,608,000

Assets to finance: 4,608,000 - 3,840,000 = 768,000

A portion of this will be financed by the supplier as the accounts payable will increase:

Curent Account Payable: 740,000

Forecast A/P: 740,000 x (1 + 20%) = 888,000

Financiation provided by the supplier: 888,000 - 740,000 = 148,000

The rest will requiere addtional financiation through equity or other means.

Total Financiation needed: 768,000 - 148,000 = 620,000

3 0

3 years ago