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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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The University Store, Inc. is the major bookseller for four nearby colleges. An income statement for the first quarter of the ye

Effectus [21]

Answer: $30,000

Explanation:

Sales are $800,000 and the average price is $40. Number of units sold is;

= 800,000/40

= 20,000 units

Sales $ 800,000

Less: Cost of Goods Sold ($560,000)

Gross Margin $240,000

Less : Variable Costing

Selling Expenses (20,000 units X $3.00) ($60,000)

Administrative Expenses (5% of $ 800,000) ($40,000)

Contribution Margin $140,000

Less: Fixed Cost

Selling Expenses ($100,000 - $60,000) ($40,000)

Administrative Expenses ($110,000 -$40,000) ($70,000)

Net Operating Income  $30,000

3 0

3 years ago

Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing

user100 [1]

Answer:

The absorption costing NOI (net operating income) of Year 1

Change in inventory = Beginning Inventory - Ending Inventory

= 200 units - 170 units

= 30 units

Fixed Manufacturing Overhead Beginning = Beginning Inventory units * Fixed manufacturing overhead per unit

= 200 units * $560

= $112,000

Fixed Manufacturing Overhead Ending = Ending Inventory units * Fixed manufacturing overhead per unit

= 170 units * $560

= $95,200

Deferred in/(release) =Fixed Manufacturing Overhead Ending - Fixed Manufacturing overhead Beginning

= $95,200 - $112,00

= -$16,800

Absorption Costing NOI = Variable Costing NOI + Fixed manufacturing overhead from inventory deferred during the period

= $1,012,400 + -$16,800

= $1,063,000

The absorption costing NOI (net operating income) of Year 2

Change in inventory = Beginning Inventory - Ending Inventory

= 170 units - 180 units

= -10 units

Fixed Manufacturing Overhead Beginning = Beginning Inventory units * Fixed manufacturing overhead per unit

= 170 units * $560

= $95,200

Fixed Manufacturing Overhead Ending = Ending Inventory units * Fixed manufacturing overhead per unit

= 180 units * $560

= $100,800

Deferred in/(release) =Fixed Manufacturing Overhead Ending - Fixed Manufacturing overhead Beginning

= $100,800 - $95,200

= $5,600

Absorption Costing NOI = Variable Costing NOI + Fixed manufacturing overhead from inventory deferred during the period

= $1,032,400 + $5,600

= $1,038,000

The absorption costing NOI (net operating income) of Year 3

Change in inventory = Beginning Inventory - Ending Inventory

= 180 units - 220 units

= -40 units

Fixed Manufacturing Overhead Beginning = Beginning Inventory units * Fixed manufacturing overhead per unit

= 180 units * $560

= $100,800

Fixed Manufacturing Overhead Ending = Ending Inventory units * Fixed manufacturing overhead per unit

= 220 units * $560

= $123,200

Deferred in/(release) =Fixed Manufacturing Overhead Ending - Fixed Manufacturing overhead Beginning

= $123,200 - $100,800

= $22,400

Absorption Costing NOI = Variable Costing NOI + Fixed manufacturing overhead from inventory deferred during the period

= $996,400 + $22,400

= $1,018,800

6 0

2 years ago

Laura is saving her money in case of an emergency. She currently has enough savings to cover her living expenses for four months

Viktor [21]

How much money is she saving?

7 0

3 years ago

Read 2 more answers

Rasmussen Corporation expects to incur indirect overhead costs of $80,000 per month and direct manufacturing costs of $12 per un

nignag [31]

Answer:

Results are below.

Explanation:

First, we need to calculate the predetermined overhead rate for the period:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (80,000*4) / 20,000

Predetermined manufacturing overhead rate= $16 per unit

Now, we can allocate overhead to each month:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

January= 6,000*16= $96,000

February= 7,000*16= $112,000

March= 3,000*16= $48,000

April= 4,000*16= $64,000

The total unitary manufacturing costs are constant:

Total unitary manufacturing cost= 12 + 16

Total unitary manufacturing cost= $28

3 0

3 years ago

Texas-based Whole Foods supermarkets target people who want to eat healthy. The stores use placards throughout, which tell shopp

Yuliya22 [10]

Answer:

Communication

Explanation:

Retailing mix is the plan of marketing, which put in place in order to address the key factors like personnel, location and price. It is also recognized or called as the 6 Ps.

When the supermarket target the people who want to eat healthy, the stores use the placards, which contain the information regarding the farmers who grew and harvest the products. So, it use the communication element of relating mix in order to provide the consumer information.

3 0

3 years ago