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3 years ago

Consider the Hotelling model of the competition between two firms discussed in class. Select ALL that apply.

1 answer:

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Answer: The corrects answers are: "a. If both firms are localized in position 1/2 (i.e., center of the line), neither firm has incentives to deviate and move to a different position.", "c. If Firm localize at the same point along the line, they will each sell to 50% of the consumers." and "d. If Firm 1 is located at position 1/2 (i.e., center of the line) and firm 2 is located somewhere else, then both firms have incentives to deviate and change their position along the line.".

Explanation: According to the Hotelling model of the competition between two firms:

a. If both firms are localized in position 1/2 (i.e., center of the line), neither firm has incentives to deviate and move to a different position. - If this were the case, it would be indifferent for customers to go to either.

c. If Firm localize at the same point along the line, they will each sell to 50% of the consumers. - This happens because each consumer will go to the nearest one.

d. If Firm 1 is located at position 1/2 (i.e., center of the line) and firm 2 is located somewhere else, then both firms have incentives to deviate and change their position along the line. - This happens because the strategy chosen is not suitable for either company.

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Alpaca Corporation had revenues of $300000 in its first year of operations. The company has not collected on $19900 of its sales

lyudmila [28]

Answer:

$238,148

Explanation:

Total expenses:

= Inventory purchased + Salaries expense + Interest expenses + Insurance expense

= $85,000 + $15,000 + $3,300 + $3,900

= $107,200

Net income:

= Total revenue - Total expenses

= $300,000 - $107,200

= $192,800

Net income after tax:

= Net income - Taxes

= $192,800 - ($192,800 × 9%)

= $192,800 - $17,352

= $175,448

Cash balance:

= Net income after tax - Amount not collected on accounts receivable + Amount not paid on purchases - Prepaid insurance + Money invested by owners + Money borrowed

= $175,448 - $19,900 + $26,500 - $3,900 + $30,000 + $30,000

= $238,148

6 0

3 years ago

A ____________ gap between GDP and NDP indicates an increasing obsolescence/depreciation of capital goods..

Tatiana [17]

Answer:

Explanation:

GDP is gross domestic product and NDP is net domestic product.

GDP measures market value of total goods and services produced in a particular period of time.

NDP is net domestic product . In its calculation, we deduct the value of depreciation of capital goods produced from the value of GDP.

NDP = GDP - depreciation .

So growing gap between GDP and NDP reflects the increasing obsolescence of capital goods , which warrants replacement of capital goods .

OPTION A is correct.

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3 years ago

Robert is writing a report about Ty Cobb,a famous baseball player,and needs to gather information.He types "Ty Cobb" into his co

Dmitry_Shevchenko [17]

Answer:

B. Search engine

Explanation:

Search engine is a program that internet users uses in getting information from the world wide web on what is been searched for. The search engine uses key words from the search to locate websites where information concerning the subject could be found. Common examples of search engines includes Yahoo, Google and bing. By inputting "ty cobb" on his computer and getting back over 30 websites containing information on ty Cobb, Robert must have used a search engine.

4 0

4 years ago

Don, an office equipment sales representative, earns a weekly salary plus a commission on his sales. One week his total compens

Y_Kistochka [10]

Answer:

The answer is: Don's weekly salary is $460 and his sales' commission is 5%

Explanation:

We have to solve the following two equations:

Don's salary week 1 = b + $3,000c =$610

Don's salary week 2 = b + $4,000c =$660

Where:

b = Don's base weekly salary
c = sales' commission

Step 1:

b + $4,000c =$660

$1,000c = $50

Step 2:

c = $50 / $1,000 = 0.05 = 5%

Step 3:

b + ($3,000 x 5%) = $610

b + $150 = $610

Step 4.

b = $610 -$150 = $460

8 0

3 years ago

the inventory method that will always produce the same amount for the cost of goods sold in a periodic invenotry system as

liraira [26]

Answer:

FIFO.

Explanation:

Note: This question is not complete. The complete question is therefore given before answering the question as follows:

The inventory method that will always produce the same amount for cost of goods sold in a periodic inventory system as in a perpetual inventory system would be:

FIFO.

LIFO.

Weighted average.

None of these answer choices is correct.

The explanation to the answer is now given as follows:

First-in, first-out (FIFO) is an inventory method under which the oldest inventory items are recorded in the account as being issued or sold first.

A periodic inventory system refers to an inventory valuation method under which there is an update to the inventory account at the end of an accounting period instead of after every sale and purchase of inventory items.

A perpetual inventory system to an inventory valuation method under which there is an update to the inventory account after every sale and purchase of inventory items. This is done by using computer softwares such as computerized point-of-sale systems and enterprise asset management software.

When FIFO inventory method is being used, both the periodic inventory system and perpetual inventory system will always produce the same amount for cost of goods sold.

Based this explanation, the correct option for this question is FIFO.

4 0

4 years ago