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3 years ago

Explain why the supermarket industry is an oligopoly

Business

1 answer:

Misha Larkins [42]3 years ago

4 0

Answer and explanation:

An oligopoly is when the market is controlled by a small group of two or more companies. Oligopoly firms may consent to market collusion, and build obstacles to new trade entry. If the businesses do not, they will be forced to lower their prices and open the markets to new and smaller firms.

<em>Supermarkets are oligopolies because in every market there are a few companies offering the same products just like them with small differentiation between one and another, providing those goods to relatively similar prices. </em>

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Swifty Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, S

cupoosta [38]

Answer:

Required 1 Balances :

Direct Materials = $432,000

Work in Process = $183,060

Finished Goods = $40,000

Required 2 total manufacturing costs for September :

Total manufacturing costs = $905,060

Explanation:

Ending September balance of the Direct Materials,

Raw Materials T - Account

Debit :

Opening Balance $31,500

Purchases $3,708,000

Totals $3,739,500

Credit :

Ending Balance $3,307,500

Work In Process $432,000

Totals $3,739,500

Ending September balance of Work in Process,

Work in Process T - Account

Debit :

Opening Balance $152,000

Raw Materials $432,000

Labor Cost $291,060

Overheads Applied $166,000

Totals $1,041,060

Credit :

Ending Balance $183,060

Transfer to Finished Goods $858,000

Totals $1,041,060

Ending September balance Finished Goods .

Finished Goods T - Account

Debit :

Opening Balance $260,000

Transfer from Work In Process $858,000

Totals $1,118,000

Credit :

Ending Balance $40,000

Trading Account $1,078,000

Totals $1,118,000

Calculation of Total Manufacturing Cost

Raw Materials $432,000

Labor Cost $291,060

Overheads Incurred $182,000

Total Manufacturing Cost $905,060

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3 years ago

If a police department tracks arrests, clearance rates, crime rates, and citizen satisfaction surveys to evaluate how well they

ch4aika [34]

Answer: Performance budgeting

Explanation:

Performance budgeting is referred to as or known as the practice or habit of developing and reforming budgets that are mostly based on relationship in between the program funding scale and the expected outcome from the program. This performance budgeting technique is referred to as the tool which administrators tends to use in order to manage the budget.

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3 years ago

Penland Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the fi

ratelena [41]

Answer and Explanation:

a. The journal entries are shown below:

Cash Dr $2,040,000 (40,000 shares × $51)

To Preferred stock $2,000,000 (40,000 shares × $50)

To Paid in capital in excess of par - Preferred stock $40,000

(Being the issuance of preferred stock is recorded)

Since the cash is increased so it would be debited along with it the stockholder equity is also increased so preferred stock is credited and the remaining balance is transferred to the paid in capital

Cash Dr $3,360,000 (60,000 shares × $56)

To Preferred stock $3,000,000 (60,000 shares × $50)

To Paid in capital in excess of par - Preferred stock $360,000

(Being the issuance of preferred stock is recorded)

b. The posting is as follows

Preferred Stock

Date Debit Date Credit

1-Feb $2,000,000

1-Jul $3,000,000

Paid in capital in excess of par - Preferred stock

Date Debit Date Credit

1-Feb $40,000

1-Jul $360,000

c. As we know that the stockholder equity comprises of common stock, preferred stock, retained earning, treasury stock, etc

So, the presentation of the accounts is

Preferred stock, $50 par value, 100000 outstanding and issued - $5,000,000

Paid in capital in excess of par - Preferred stock - $400,000

These amount are a sum of preferred stock and paid in capital in excess of par

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4 years ago

Ramiro has been a forklift driver for the local grocery store for six years. He earns $32,000 a year. He works with a nice crew.

Cloud [144]

Answer:

D. Social Context

Explanation:

Social context generally refers to the immediate social setting in which people live and go about their daily activities. Social context or rather social environment in the workplace has a relatively strong connection to job satisfaction. Here, Ramiro is said to work with a nice crew which obviously makes doing the work a whole lot better, also plays softball on the weekends and volunteer in the same group with his coworkers. These social context he has going with his coworkers makes the job satisfactory for him. He's very active with his coworkers both on the job and off the job. If the reverse were to be the case, say, maybe he doesn't get along with his coworkers, the work becomes very unsatisfactory.

Pay cannot be the reason for his satisfaction because the pay is relatively low. Also, the fact he's been doing the same thing for 6 years shows promotion has nothing to do with his satisfaction. Neither does the work stress or the work itself.

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4 years ago

Amy recently opened a business and realizes that she needs assistance with the multiple projects that her business is completing

yan [13]

Answer:

The correct answer is B

Explanation:

Human resources are the one which is used for both the department who is responsible for managing the resources in relation to the employees and the people who work for the company or firm.

It is umbrella, the term which is used to define the development as well as the management of the employees in the business or firm.

So, Amy opened a business, for that she needs assistance with the projects so require to have the human resource management facilitating function, which she is practicing.

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3 years ago