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igomit [66]
3 years ago
5

Assume that the market for chocolates is perfectly competitive. Which of the following statements would be true in this​ case? A

. Jill starts to produce chocolates​ today, but the addition of her supply into the market does not decrease the market price. B. Terry uses soy milk for producing his​ chocolates, while Donna uses almond milk for producing hers. C. ​Jessica, a chocolate​ seller, sometimes sets her price lower or higher than the price at which other sellers sell their chocolates. D. Pam wants to produce chocolates but she is unable to as Roy controls all the cocoa farms in the region.
Business
1 answer:
Burka [1]3 years ago
4 0

Answer:  Option A                      

Explanation: In simple words, perfect competition refers to market structure in which there are large number of participants each operating at  small level.

The prices of commodities in such markets are determined by the forces of demand and supply as no individual participant is able to influence the price on his or her own.

Thus, the statement depicting Jill not able to decrease price even after increase ins supply depicts perfect completion.

                           

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It reflects positively on the college and it shows that you have respect for others are willing to help as well.
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All of the following are costs (fees) associated with checking accounts except
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3 years ago
Consider the following financial statement for Heir Jordan Corporation. HEIR JORDAN CORPORATION Income Statement Sales $ 48,500
sp2606 [1]

Answer:

HEIR JORDAN CORPORATION

Income Statement

Sales $ 48,500 * 120%....................58,200

Costs 34,500 * 120%........................<u>41,400</u>

Taxable income $ 14,000...............<u>16,800</u>

Taxes (35%) 4,900 ...........................5,880

Net income $ 9,100 ........................<u>10,920</u>

Dividends $ 2,900 ..(31.87%)..........3,480

Former Addition to retained earnings 6,200

New Addition to retained earnings 7,440

Explanation:

Consider the following financial statement for Heir Jordan Corporation.

HEIR JORDAN CORPORATION

Income Statement

Sales $ 48,500 * 120%....................58,200

Costs 34,500 * 120%........................<u>41,400</u>

Taxable income $ 14,000...............<u>16,800</u>

Taxes (35%) 4,900 ...........................5,880

Net income $ 9,100 ........................<u>10,920</u>

Dividends $ 2,900 ..(31.87%)..........3,480

Former Addition to retained earnings 6,200

New Addition to retained earnings 7,440

Pay out ratio is 31.87% of Net income which is derived by Dividends/Net Income

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3 years ago
Software is considered the _______________ part of the computer, whereas the hardware is considered the _______________ part. ex
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variable, invariable

6 0
3 years ago
A company uses 2,500 per year of a certain subassembly that has an annual holding cost of $40 per unit. Each order placed costs
garri49 [273]

Answer:

a. 136.93 units

b. $2,783.60

c. $2,783.63

d. 60 units

Explanation:

a. The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{2,500}\times \text{\$150}}{\text{\$40}}}

= 136.93 units

b. The annual holding cost is

= Economic order quantity ÷ 2  × holding cost per order

= 136.93 units ÷ 2 × $40

= $2,738.60

c. The annual ordering cost is

= Annual demand ÷ economic order quantity  × ordering cost per order

= $2,500 ÷ 136.93 units  × $150

= $2,738.63

d. The reorder point is

= Demand × lead time + safety stock

where, Demand equal to

= Expected demand ÷ total number of days in a year

= 2,500 ÷ 250 days

= 10

So, the reorder point would be  

= 10 × 6 + $0

= 60 units

We simply applied the above formulas

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3 years ago
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