During this week of low production, the price for pallets does not change at all. Given this observation this firm likely faces Oligopoly. Below is further explanation on Oligopoly.
<h3>What is Oligopoly?</h3>
An oligopoly is a market featured by a small number of firms who realize they are interdependent in their pricing and output policies. The number of firms is small enough to give each firm some market power.
Therefore, the correct answer is Oligopoly.
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Answer:
Snyder Painting
If Snyder wants to reduce its non-value-added activities to the greatest extent possible, it should concentrate its efforts on reducing the amount of time and money it spends on
B. paint storage.
Explanation:
a) Identified Activities of Snyder Painting:
A. customer consultation.
B. paint storage.
C. site preparation and cleanup.
D. onsite paint application.
b) Non-value added activities are activities that are currently necessary and consume resources but do not add value to the company's product or service. For example, equipment set-up, parts inspection, recording job time, job scheduling, product storage, and customer billing. These activities should be reduced to the barest minimum in order to maximize value.
Answer:
Option (B) is correct.
Explanation:
Total Square foot of space:
= Fabrication + Assembly
= 4,000 + 2,000
= 6,000
Maintenance expense is allocated on the basis of square footage
.
So, maintenance expense allocated to assembly
:
= (Maintenance Operating costs ÷ Total Square foot of space) × Assembly Square foot of space
= ($26,400 ÷ 6,000) × 2,000
= $4.4 × 2,000
= $8,800
Saturn and Jupiter both have large quantities of liquid
hydrogen and liquid metallic hydrogen while Neptune and Uranus just have the
gaseous form of hydrogen because they are too little to compress hydrogen to
its metallic state. Also, the two latter planets have icy cores.
Answer:
a) $1,875
b) $ 2,083
Explanation:
a) Notes Payable $150,000
Interest Rate (10%) $15,000
Proceeds from Note $1,875 - 15000/8
b) Notes Payable $150,000
Discount Factor (10%) $166,667
Finance Cost $16,667
Proceeds from Note $2,083.33 - 16667/8
