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3 years ago

Four degrees of competition

Business

1 answer:

Neko [114]3 years ago

4 0

Answer:

There are four types of competition in a free market system:

perfect competition
monopolistic competition
oligopoly
monopoly

Under monopolistic competition, many sellers offer differentiated products—products that differ slightly but serve similar purposes.

Hope this helps :)

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Table 14-12 bill's birdhouses costs revenues quantity produced total cost marginal cost quantity demanded price total revenue ma

sp2606 [1]

204 is maybe the answer

6 0

3 years ago

Read 2 more answers

Transactions Units Amount

mario62 [17]

Answer:

a) Cost of Goods Sold under each method of inventory:

1) Average Cost:

Beginning Inventory 600 units $1,800

Purchases: January 12, 580 units 2,900

Purchases: January 26, 180 units 1,260

Cost of goods available for sale, 1,360 units $5,960

Less ending Inventory, 440 units $1,927.20

Cost of goods sold, 920 units $4,032.80

a2) FIFO:

Beginning Inventory 600 units $1,800

Purchases: January 12, 580 units 2,900

Purchases: January 26, 180 units 1,260

Cost of goods available for sale, 1,360 units $5,960

Less ending Inventory, 440 units $2,560

Cost of goods sold, 920 units $3,400

a3) LIFO

Beginning Inventory 600 units $1,800

Purchases: January 12, 580 units 2,900

Purchases: January 26, 180 units 1,260

Cost of goods available for sale, 1,360 units $5,960

Less ending Inventory, 440 units $1,320

Cost of goods sold, 920 units $4,640

a4) Specific Identification:

Beginning Inventory 600 units $1,800

Purchases: January 12, 580 units 2,900

Purchases: January 26, 180 units 1,260

Cost of goods available for sale, 1,360 units $5,960

Less ending Inventory, 440 units $2,280

Cost of goods sold, 920 units $3,680

B. Partial Income Statement under:

Average cost FIFO LIFO Specific Identification

Beginning Inventory $1,800 $1,800 $1,800 $1,800

Purchases 4,160 4,160 4,160 4,160

Cost of goods for sale $5,960 $5,960 $5,960 $5,960

Less ending Inventory 1,927.20 2,560 1,320 2,280

Cost of goods sold $4,032.80 $3,400 $4,640 $3,680

Explanation:

a) The average cost per unit under Average Method =

Average cost per unit =$4.38 (5,960/1,360)

Ending Inventory, 440 x $4.38 = $1,927.20

b) Ending Inventory under FIFO: 440 units

Cost of 180 units = $1,260

Cost of 260 units = 1,300 (260 x $5)

Total cost = $2,560

c) Ending Inventory under LIFO: 440 units

Cost of 440 units from beginning inventory = 440 x $3 = $1,320

d) Ending Inventory under Specific Identification: 440 units

Remaining opening inventory 140 units at $3 = $420

Remaining Jan 12, 120 units at $5 = $600

Remaining Jan 26, 180 units at $7 = $1,260

Total cost of ending inventory = $2,280

e) These are various inventory costing methods which present different results in their cost of goods sold and the ending inventory.

6 0

3 years ago

1. Keira’s Kitchen Company presented the following data: Net Income $2,500,000 Preferred Stock, 50,000 shares outstanding, $100

GarryVolchara [31]

Answer:

Earnings Per Share (EPS) = $1.18

Explanation:

We know,

Earnings Per Share (EPS) = $\frac{Net Income - Preferred Dividend}{No. of shares outstanding}$

Here,

Net Income = $2,500,000

Preferred Dividend = Total preferred stock in dollar x cost of preferred stock

Preferred Dividend = $5,000,000 x 8% = $400,000

No. of shares outstanding table is shown below (Weighted):

Shares outstanding + Additional shares - Treasury stock =

[750,000 x stock split] + [300,000 x (8/12) x stock split] - [150,000 x (5/12) x stock split]

= (750,000 x 2) + (200,000 x 2) - (62,500 x 2)

= 1,500,000 + 400,000 - 125,000

= 1,775,000

Now, EPS = $\frac{2,500,000 - 400,000}{1,775,000}$

EPS = 1.18 (rounded to 2 decimal places)

<em>Note:</em> 1. As, there is a stock split of 2-for-1, that's why we multiply the stock by 2.

2. Since additional shares are issued on 1st May, therefore, the weight from May to December is for 8 months. Repurchased or Treasury stock should be removed from number of shares.

7 0

3 years ago

"A tenant offers to sign a lease paying a rent of $1,000 per month, in advance (i.e., the rent will be paid at the beginning of

belka [17]

Answer:

$47,500

Explanation:

Since the payment is made monthly in advance for the period of 5 years, therefore the present value of annuity formula shall be used for the purpose of calculating the Present value of lease, which is given as follow:

Present value of annuity=R+R[(1-(1+i)^-n)/i]

In the given question

R=Rent per month paid in advance=$1,000

i=interest compounded monthly=10%/12=0.83%

n=number of payments involved=(12*5)-1=59

Present value of annuity=1,000+1,000[(1-(1+0.83%)^-59)/0.83%]

=$47,500

3 0

3 years ago

supposed you invest $500 in a mutual fund today and $600 in one year. if the fund pays 9% annually, how much will you have in tw

Ilya [14]

If the fund pays 9% annually, you will have $1248.05 in two years.

Future value is the value of a product or investment at some point in the future. In other words, the future value is the amount of money that, assuming a specific rate of return, an investment will be worth after a specific period of time.

According to the concept of present value, money is worth more now than it will be later. In other words, money received in the future is not as valuable as money obtained now in the same amount.

A = Future Value

P = Present value

r = Rate of interest

n = Time period

A = $P(1+r/100)^n$

= $500$\times (1.09)^2$ + 600$\times (1.09)^2$$

= $1248.05

To learn more about Future Value

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7 0

1 year ago