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3 years ago

What’d does market value of a good or service mean?

Business

1 answer:

OverLord2011 [107]3 years ago

8 0

Answer:

How profitable and marketable a service is and how many people would use it. For example, a landline has way less market value now than it did 50 years ago, but cell phones still have a great market value.

Explanation:

For example, a landline has way less market value now than it did 50 years ago, but cell phones still have a great market value.

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What is the mean, to the nearest tenth, of the numbers 22, 22, 27, 29, 30, 34, and 38?

ICE Princess25 [194]

The answer is 28.9 because you add all the numbers together and divide by 7. The answer is 28.8 which rounds to 28.9.

8 0

3 years ago

An industry is composed of 10 firms, all with equal sales. the four-firm concentration ratio in this industry is

Klio2033 [76]

The four-firm ratio is the concentration ratio between the total sales accumulated by the four largest industrial firms to the total sales of all firms present in an industry. This translates to the mathematical expression of

four-firm ratio = (total sales of four largest firms / total sales)

Since, we are given that all 10 firms have the same sales, we let the sales be equal to x.

total sales of four largest firms = 4x
total sales = 10x

The ratio is then,

four-firm ratio = 4/10

Converting this to percentage will yield us an answer of 40%.

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3 years ago

1. Why might a company claim that the total cost of employing a person is $15.30 per hour

gavmur [86]

Companies often do work on a cost-reimbursement basis. That is, Company B reimburses Company A for the cost of doing work for Company B. Suppose your company has a contract that calls for reimbursement of direct materials and direct labor, but not overhead. Following are costs that various organizations incur; they fall into three categories: direct materials (DM), direct labor (DL), or overhead (OH). Classify each of these items as direct materials, direct labor, or overhead.

6 0

3 years ago

Which of the following database object hold data?

natta225 [31]

Answer:reports

Explanation:

6 0

3 years ago

On the basis of the following data, what is the estimated cost of the merchandise inventory on May 31 using the retail method?

Misha Larkins [42]

Answer: The ending inventory is $43,500

Explanation:

Cost. Retail

$ $

Beginning inventory. 125,000 166,667

Add :Purchases 235,000 313,333

-------------------- -----------------------

Cost of good available for sale 360,000 480,000

Cost to retail ratio

360,000 ÷ 480,000

= 0.75

Cost. Retail

$ $

Cost of good available for sale 360,000 480,000

Less:Sales. 230,000 250,000

360,000. 172,500

187,500

-------------------- ----------------

(417,500) 58,000

Ending inventory × 0.75 (58,000 × 0.75) = 43,500

Cost to retail ratio.

Ending inventory. $43,500

3 0

3 years ago