Answer: bounded rationality
Explanation: Proposed by Herbert A. Simon, _____bounded rationality_____ means that managers are limited in the extent to which they can use the classical model of decision making, because they only have so much time and ability to process information.
In order words, Simon maintained that individuals do not seek to maximise their benefit from a particular course of action. This is because one cannot take in and process all the information that would be needed to maximize personal benefits, and that even if this was tenable, our minds would not be capable of processing it properly. In summary, the human mind necessarily restricts itself—bounded rationality.
Answer:
Earning per share is 2.44 dollars.
Explanation:
The earning per share is a financial ratio determine by dividing total profit after tax made by a company in a period with total number of outstanding shares.
The earning per share is calculated below
EPS = $ 415,000/ 170,000 = 2.44 $
This ratio is widely used in stock market and valuation of business.
Answer:
see below
Explanation:
An Oligopoly market structure is one that has few firms dominating an industry with many buyers. The few firms may be selling an identity or differentiated product.
The features of an oligopoly market include
1. Heavy Advertising
Each of the firms will advertise to win customers. Because the firms offer similar or differentiated products, there is heavy advertising to try to get a bigger market share.
2. Interdependence
There are few firms competing for many buyers. What one of the firms does elicits reactions from the others. If one of the firms reduces its prices, there are higher chances that the others will also follow suit. To avoid unhealthy competition, these firms engage in collaborations.
3. Barriers to Entry
It requires heavy capital expenditure to participate in an oligopoly market. The amount of capital required acts as a barrier to entry. The domination by a few firms and intense advertisement scares away new entrants.
4. Price-setters
Each firm is able to set its price. All the firms do not sell uniform products; hence they are able to set their pri
Answer:
A Depreciation Expense: $ 22,000; Accumulated Depreciation: $110,000
Explanation:
Given that
Purchase cost of equipment = $260,000
Depreciation at the beginning of year 2016 = $88,000
Depreciation expense = $22,000
So, the balance would be
Depreciation expense = $22,000
And, the accumulated depreciation is
= Depreciation expense + Depreciation at the beginning of year 2016
= $22,000 + $88,000
= $110,000
Answer: $20,000
Explanation: A taxpayer who spends less than $800,000 on equipment can deduct the cost of
equipment purchases up to a maximum of $250,000 per tax year. The deduction is limited to the amount that will reduce taxable income to zero.