When the price of a commodity is $11, where 1250 units are being bought and sold in a perfectly competitive market, the market price of the commodity will increase from its original price if the market is monopolized.
<h3>What is a perfectly competitive market?</h3>
In a market where there are less to zero restrictions for entry and exit of buyers and sellers in the market dealing in similar commodities, then such a market is known as a perfectly competitive market.
There is no pricing power in the hands of the buyers and sellers in the market, as there is no minimum or maximum limit on the number of sellers in the market, so the supply is not restricted in such a market.
Hence, it can be concluded that market prices are stable in a perfectly competitive market, and it generally increases in a monopolistic market.
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Answer: return on investment
Explanation:
The return on investment is a ratio that exists between the net profit and the cost of that particular investment. It should be noted that a high return on investment simply means that the profit of the investment compare favourably to the cost incurred for that investment.
Some investment opportunities that should be accepted from the viewpoint of the entire company may be rejected by a manager who is evaluated on the basis of return of investment.
Answer:
(D) $ 4,950
Explanation:
The computation is shown below
As We know that
Ending work in process inventory = Opening work in process inventory + total manufacturing cost - cost of goods manufactured
where,
Total manufacturing cost = Direct materials used + direct labor cost + manufacturing overhead cost
= $10,000 + $25,800 + $19,200
= $55,000
So, the opening work in process inventory would be
$11,200 = Opening work in process + $55,000 - $48,750
So, the opening work in process is
= $4,950
Answer:
The answer is $86,167.57 (to 2 decimal places)
Explanation:
In this question, we are to calculate the present value of a certain amount that is compounded semiannually, and after 10 years, yields a future value of $200,000. To calculate this, we will use the formula for calculating present value as follows:
PV = FV ÷ 
where:
PV = present value = ???
FV = future value = $200,000
r = interest rate in decimal = 8.6% = 0.086
n = compounding period pr year = semiannually = 2
t = time of compounding in years = 10
Therefore,
PV = 200,000 ÷ 
PV = 200,000 ÷ 
= $86,167.57
Answer:
The Capacity utilization rate is 73.94 units per hour for the month.
Explanation:
Provided data,
Output rate = 160 units per hour
In the month of July,
Total production hour = 295 hours.
Total units = 34900 units.
Ideal output units in the month of July = output rate × total production hour
= 160 × 295
= 47200 units.
Capacity utilization rate of production shop is given by,
Utilization rate = (output unit in July ÷ idea output) × 100
= (34900 ÷ 47200) × 100
= 0.7394 × 100
= 73.94 units per hour
So, the Capacity utilization rate is 73.94 units per hour for the month.
