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3 years ago

What is oligopoly?

Business

1 answer:

Nutka1998 [239]3 years ago

4 0

Answer: The answer is a market structure in which a very few large sellers dominate the market.

Explanation:

Oligopoly : This is a market structure in which there are few producers of product with close substitute.There are two forms of oligopoly which includes, oligopoly who produce homogenous goods and differentiated goods respectively. Since,the number of competitors in oligopoly is small the reactions of each producers are more important. They tend to look at the actions of other producers before taken a vital decision.

Oligopoly is a types of imperfect market structure which has the following features

When products are homogeneous there is no special preference, but when the products is branded the consumers have a choice.

A single price reigns where goods are the same .The reverse is the case where goods are heterogeneous goods.

Price cut are for the same product,while price cut can also occur through advertising war fought by competitors in the market.7

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In a command economy, the government does not do which of the following?

masya89 [10]

Answer:

Explanation:

In a command economy, the government does all of these things except deciding how much consumers buy. The government can definitely influence how much they buy by controlling wages and prices, but ultimately the consumer makes the decision about purchasing.

3 0

3 years ago

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Bases on the following information calculate the sustainable growth rate for Southern Light.

Anarel [89]

Answer:

20.91%

Explanation:

The following values is the details of a report gotten from Southern Light

Profit margin= 8.4%

Capital intensity ratio= 0.45

Debt to equity ratio= 0.60

Net income= $95,000

Dividend= $40,000

The first step is to calculate the return on equity

ROE= Profit margin×Total assets turnover×equity multiplier

= 8.4/100×1/0.45×(1+0.60)

= 0.084×2.222×1.6

= 0.2987×100

= 29.87%

The next step is to calculate the Plowback ratio

Plowback ratio= 1-(dividend/net income)

= 1-($40,000/$95,000)

= 1-0.421

= 0.579

Therefore, the sustainable growth rate can be calculated as follows

= ROE×Plowback ratio/1-ROE(Plowback ratio)

= 0.2987×0.579/1-0.2987(0.579)

= 0.17295/1-0.17295

= 0.17295/0.8271

= 0.2091×100

= 20.91%

Hence the sustainable growth rate for southern light is 20.91%

3 0

3 years ago

One of Sanjay's work responsibilities is to check inspection stations periodically to monitor the quality of the products throug

Nikitich [7]

Answer:

This is an example of quality control

Explanation:

A production process usually involves the action of a variety of things that all perform specific functions towards a common goal, usually the production of a finished good or service. This therefor means that a type of management is needed to ensure that all these aspects are handled in such away that the set organizational needs are met. This can be broadly defined as management control. Management control involves the control and operation aspects of a production process to ensure that the organizational goals are met.

One aspect of management control that is very important in the production environment is quality control. Quality control involves the inspection of the production process and the products to determine the quality. The quality of the process and the products is usually measured against set organizational and production standards. This therefor means that if the process or the production quality falls below the standard, then the quality of the product can be said to be low while if the quality meet or surpass the standards then the quality is high.

Quality control helps companies identify areas that need to be improved, thus raising overall product value.

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3 years ago

The Polaris Company uses a job-order costing system. The following transactions occurred in October: Raw materials purchased on

Gennadij [26K]

Answer:

1. Prepare journal entries to record the transactions given above

2. Prepare T-accounts for Manufacturing Overhead and Work in Process.

Explanation:

Debit Raw Material 210.000

Credit Account Payable 210.000

raw materials purchased on account, $210,000

Debit Work in process 178.000

Debit manufacturing overhead 12.000

Credit Raw material 190.000

Raw materials used in production, $190,000 ($178,000 direct materials and $12,000 indirect materials)

Debit Work in process 90000

Debit manufacturing overhead 110000

Credit Sales ans wages salaries 200000

Accrued direct labor cost of $90,000 and indirect labor cost of $110,000.

Debit manufacturing overhead 40000

Credit Acummulate depreciation 40000

Depreciation recorded on factory equipment, $40,000.

Debit manufacturing overhead 70000

Credit Account Payable 70000

Other manufacturing overhead costs accrued during October, $70,000.

Debit Work in process 240000

Credit manufacturing overhead 240000

The company applies manufacturing overhead cost to production using a predetermined rate of $8 per machine-hour. A total of 30,000 machine-hours were used in October

Debit Finished goods 520000

Credit Work in process 520000

Jobs costing $520,000 according to their job cost sheets were completed during October and transferred to Finished Goods

Debit Cost of goods 480000

Credit Finished Goods 480000

Jobs that had cost $480,000 to complete according to their job cost sheets were shipped to customers during the month.

Debit Account receivable 600000

Credit Sales 600000

These jobs were sold on account at 25% above cost.

Manufacturing Overhead

Debit Credit

2 12.000 240000 6

3 110000

4 40000

5 70000

232.000 240.000

Ending Balance 8.000

Work in process

Begining Balance 42000

2 178.000 520000 7

3 90000

6 459000

769.000 520.000

Ending Balance 249.000

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3 years ago

A market economy is not based on _____.

iris [78.8K]

The answer is having no choices.

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3 years ago

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