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3 years ago

What is an example of monopsony?

1 answer:

8 0

One buyer, many sellers and no close substitutes
usually this won't have an exact example to match all the requirement
so, try get those small company as the example of your answer

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Having used both Secret and Sure deodorants, Annette feels that Secret is a good product and the one that best meets her needs.

scoray [572]

Answer:

Option (d) attitude

Explanation:

In the terms of marketing and advertising attitude is defined as the emotions or the beliefs that a consumer develops towards a product or service which leads him to make a perception about the product or service.

This attitude towards the product or the services are difficult to change in a consumer.

8 0

3 years ago

During its first year of operations, Silverman Company paid $11,625 for direct materials and $11,000 for production workers' wag

ella [17]

Answer:

$7,750

Explanation:

The computation of the net income for the first year is shown below:

but before that following calculations needed

The Cost of production is

= Direct material + Direct labor + Manufacturing overhead

= $11,625 + $11,000 + $10,000

= $32,625

The Unit product cost is

= $32,625 ÷ 7,250 units

= $4.50 per unit

Now

Cost of goods sold = Number of units sold × cost per unit

= 4,500 units × $4.50

= $20,250

And, finally

Net Income = Sales revenue - COGS - general, selling, and administrative expenses

= (4,500 units × $7) - $20,250 - $3,500

= $7,750

3 0

3 years ago

diamong [38]

Answer: please refer to the explanation section for journals and notes

Explanation:

1 April

DR Inventory 23000

CR Trade Payable 23000

inventory is purchased on Free on Board Shipping terms, risks and Ownership of inventory transfers to Kerber Co the moment Wilkes company ships the inventory. inventory must be recognised

6 April

DR Freight costs 900

CR Bank 900

DR Inventory 900

CR Freight costs 900

Kerber Co Paid Freight costs of $900. There are two events happening in this transaction being the payment of freight costs and the capitalisation of freight costs. Freight costs are capitalised (included in the value of inventory) as they are costs necessary to get the inventory in to the premises of the customer (Kerber Co).

7 April

DR Equipment 26000

CR Creditor/Liability 26000

Kerber Co purchase inventory on credit. equipment is debited because Equipment is an asset and liability is credited.

8 April

DR Trade Payable 3000

CR inventory 3000

Damaged inventory returned will decrease inventory balance and also decrease the amount owed to the creditor (Wilkes Company) . Trade Payable account is Debited and inventory account is credited to record the decrease in inventory and amount payable

15 April

DR Trade Payable 20000

CR Bank 20000

23000 - 3000 = 20 000

recording payment made to the Creditor for inventory purchased or settlement of the trade payable account

5 0

3 years ago

Stella and Matt went to the mall. While there they passed a Vans store, Nike’s store, New Balance store, and Adidas store. Matt

ELEN [110]

Answer:

Monopolistic Competition

Explanation:

In Monopolistic Competition, there are many buyers and sellers. Firms do not have full control over prices, but take the market prices as a benchmark, and can charge a slightly lower or higher price depending on the product they offer.

Products are not perfect substitutes, they have some grade of differentiaton, and buyers have access to information, and can easily compare products and suppliers.

This type of market it's typical of crowded, competitive economic sectors such as retail, including clothing stores, restaurants, and shoe stores.

6 0

3 years ago

Charles and Joan Thompson file a joint return. In 2015, they had taxable income of $98,620 and paid tax of $16,604. Charles is a

Furkat [3]

Answer:

Charles & Joan will be required to make estimated payments for 2016

Estimated payments to be made will be lower of the following

Lesser of 90% of the tax shown on the return (see below) $15,694.00
100% of the prior year tax which is $ 16,604.00

Estimated payments for the year 2016 is shown below

Taxable income for 2016 ($79,500 × $31,500) = $ 111,000

Tax @ 15% upto $75,300 = $8,512.50

Tax @ 25% ($111,000 - $75,300) = $8,925.00

Estimated 2016 tax liability $17,437.50

90% of estimated tax liability $15,694.00

It can be seen from above, that they have to pay $ 15,694 as it is lesser than $16,604

Tax withholding already done in 2016 = $11,594.00

Balance tax to be paid - Difference between the liability and withholding = $4,100.00

The additional tax to be paid is $ 4,100

3 0

3 years ago