Answer:
Herfindahl-Hirschman Index is 1400 and the industry is categorized as a competitive industry
Explanation:
The Herfindahl-Hirschman Index is a market indicator that is used to measure how competitive the companies or firms in an industry is. It tells whether the industry is highly competitive or monopolistic.
It is obtained by adding the square of the market share of all the firms in an industry. That is,
Herfindahl-Hirschman Index (HHI) = s1 + s2 + s3 +....... sn
(where s = market share of individual firms in an industry.)
From the question,
Herfindahl-Hirschman Index (HHI) = (30)² + (20)² + 10)² +(10)² + (10)²+ (5)²
+ (5)²+ (5)² + (5)²
= 600 + 400 + 100 +100 + 100 + 25 + 25 +
+ 25 + 25
= 1400
An industry with an Herfindahl-Hirschman Index of less than 1500 units is categorized as a COMPETITIVE INDUSTRY.
One with an index of between 1500 to 2500 is considered as moderately competitive.
While an industry with higher values of HHI tends towards a monopoly.
Pretty much saving up money. if you can save up enough you can treat yourself later in life
Answer:
A. Final sales price reduced by cost to complete after split-off.
Explanation:
Net realizable value (NRV) is explained here to be the value of an asset that can be realized upon the sale of the asset, less a reasonable estimate of the costs associated with the eventual sale or disposal of the asset. It is a common method used to evaluate an asset's value for inventory accounting. NRV is a valuation method used in both Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
Many business transactions allow for judgment or discretion when choosing an accounting method.
A conservative approach means that the accountant should use the accounting method that generates less profit and does not overstate the value of assets.
Answer: Customer value
Explanation: In simple words, customer value refers to the level of satisfaction that the consumer receives from purchasing a commodity. The level of satisfaction highly depends on the price that the customer gives for the commodity.
In the given case, the customer of Susan's were concerned about their utility satisfaction.
Hence from the above we can conclude that the correct option is C.
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