Answer:
B) no competitive producer of the same product
Explanation:
Monopoly refers to a single seller selling a unique product to a large number of buyers. A monopoly dominate the industry has total control of the market.
Characteristics of a Monopoly
1) High barrier to entry: This implies that competitors are restricted. New sellers are not allowed entry.
2) Single seller and large buyers: There is a single seller selling to a large number of consumers in the market.
3) Unique product: The product sold in a monopoly are unique have little or no close substitute.
4) Price Maker: A monopoly decides on the price he wants to sell his product. He can increase the price at will.
5) Economies of scale: A monopoly enjoys economies of scale because he can buy raw materials in large quantity at a reduced price, thereby reducing the cost of production and increasing Profits.
6) No competitor: Since the market is characterised by a single seller, high barrier to entry, then, competitor does not exist in a monopoly market.
A mutual funds is the instrument that may not be purchased on margin but can be used as collateral for a margin loan after being held for 30 days.
<h3>What is purchased on margin?</h3>
This generally involves the act of getting a loan from your brokerage and then, using the money from such loan to invest in more securities than you can buy with your available cash.
Through the method, an investors can amplify their returns if their investments outperform the cost of the loan itself.
In conclusion, the mutual funds can be purchased on margin. However, it may be used as collateral for a margin loan after being held for 30 days.
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Answer:
overhead Lowden Company should record in the current period is $109200
Explanation:
given data
overhead rate = 156%
direct labor cost = $71,000
direct materials cost = $70,000
to find out
amount of overhead Lowden Company should record in the current period
solution
we find here first basis of allocation of overhead that is equal to direct material cost
and direct material cost is $70000
so
overhead in the current period will be
overhead in the current period = 70000 x 156%
overhead in the current period = 109200
so overhead Lowden Company should record in the current period is $109200
Answer:
Self Employed
Explanation:
Self employed is the person who not working under someone and is independent to work or is owner of the business. In this case, Glenn is owner of his shop and is working for his own business not for someone else so he is self-employed. Another examples of self employed are freelancers, shopkeepers (who own the business), owner of utensil stores, etc.
In simple words the owner of the business is self employed.
Fixed costs that usually arise from annual spending decisions by management are discretionary costs.
<h3>What is CBA?</h3>
CBA is an acronym for cost-benefit analysis and it can be defined as a financial technique (utilitarianism) which is used by individuals, business firms and government to examine and compare the cost that is associated with a product, project or task and the benefits that would be derived from it.
<h3>What is a
discretionary cost?</h3>
A discretionary cost can be defined as a type of fixed cost that is usually generated from various annual spending decisions by the executive management of a business organization.
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