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3 years ago

Two conditions allow a single seller to become a monopolist. those two conditions are that the firm must:

Business

1 answer:

navik [9.2K]3 years ago

5 0

There are two conditions that allow a single seller to become a monopolist. These two conditions are as follows:

1. The firm must have something unique to sell

<span>2. The firm must have a way to prevent potential competitors from entering the market.</span>

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Houseman, Inc. anticipates sales of 43,000 units, 41,000 units, and 44,000 units in July, August, and September, respectively. C

Semenov [28]

Answer:

Total= 42,400 units

Explanation:

Giving the following information:

Houseman, Inc. anticipates sales of 43,000 units, 41,000 units, and 44,000 units in July, August, and September, respectively. Company policy is to maintain an ending finished-goods inventory equal to 30% of the following month's sales.

We will assume that the beginning inventory for July equals the 30% policy.

Production:

Sales for July= 43,000

Ending inventory= (41,000*0.3)= 12,300

Beginning inventory= (43,000*0.3)= (12,900)

Total= 42,400 units

7 0

3 years ago

Mountaineer excavation operates in a low-lying area that is subject to heavy rains and flooding. because of this, mountaineer pu

nordsb [41]

Answer:

1. Recore the purchase of insurance in advance on March,1.

Debit Prepaid Insurance $36,000

Credit Cash $36,000

2. Record the adjusting entry on December, 31.

Debit Insurance Expense $30,000

Credits Prepaid Insurance $30,000

Explanation:

Mountaineer excavation purchases one year of flood insurance in advance on March 1, paying $36,000 ($3,000/month). The company records the insurance as the prepaid Insurance:

Debit Prepaid Insurance $36,000

Credit Cash $36,000

On December, 31, the last day of the following 10 months, the company records an adjusting entry that Credits Prepaid Insurance for $30,000 ($3,000/month times the 10 months) and Debits Insurance Expense for $30,000

Debit Insurance Expense $30,000

Credits Prepaid Insurance $30,000

5 0

3 years ago

19. Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $2.30 a share. The company has promise

Westkost [7]

Answer:

The maximum that should be paid for the stock today is P0 = $19.82758621 rounded off to $19.83

Explanation:

Using the zero growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = Dividend / r

Where,

r is the required rate of return

P0 = 2.3 / 0.1160

P0 = $19.82758621 rounded off to $19.83

4 0

2 years ago

In which of the following jobs would leadership be most important?

Svetradugi [14.3K]

Answer:

CEO

Explanation:

Being a CEO, you have to have leadership.

Hope this helped!

8 0

3 years ago

Read 2 more answers

Required information Problem 17-3A Applying activity-based costing LO P1, P3, A1, A2, C3 [The following information applies to t

oksano4ka [1.4K]

Answer:

Craft Pro Machining

The overhead cost for each unit of the jobs:

Job 3175 Job 4286

Number of units 200 units 2,500 units

Direct labor hours 500 DLH 4,375 DLH

Plantwide overhead rate = $371.28205

Overhead allocation $185,641.03 $1,624,358.97

Unit overhead cost $928.21 $649.74

Explanation:

a) Data and Calculations:

Production Activity Indirect Labor Indirect Materials Other Overhead Grinding $ 320,000

Polishing $ 135,000

Product modification 600,000

Providing power $ 255,000

System calibration 500,000

Total overhead cost $1,810,000

Additional information on the drivers for its production activities follows.

Grinding 13,000 machine hours

Polishing 13,000 machine hours

Product modification 1,500 engineering hours

Providing power 17,000 direct labor hours

System calibration 400 batches

Job 3175 Job 4286

Number of units 200 units 2,500 units

Machine hours 550 MH 5,500 MH

Engineering hours 26 eng. hours 32 eng. hours

Batches 30 batches 90 batches

Direct labor hours 500 DLH 4,375 DLH 4,875 DLH

Plantwide overhead rate based on direct labor hours:

= Total overhead costs/Total direct labor hours

= $1,810,000/4,875

= $371.28205

5 0

3 years ago