Answer:
b) 350,000 pounds
Explanation:
The computation of the number of pounds purchased is shown below:
= Required production in January month + ending inventory in pounds - beginning inventory in pounds
= 410,000 pounds + 120,000 pounds - 60,000 pounds
= 350,000 pounds
We simply added the ending inventory and deduct the beginning inventory to the required production so that the accurate amount can come
Answer:
125,000 units
Explanation:
Given that,
Target profit = $300,000
Unit sales price = $12
Unit variable cost = $8
Total fixed costs = $200,000
Firstly, we need to find out the contribution margin per unit:
= Unit sales price - Unit variable cost
= $12 - $8
= $4
Now, units required to sold for earning the desired profit is calculated by dividing the sum of desired net income and total fixed costs by the contribution margin per unit. It is calculated as follows:
= (Target net income + Total fixed cost) ÷ Contribution margin per unit
= ($300,000 + $200,000) ÷ $4
= $500,000 ÷ $4
= 125,000 units
Therefore, this company must be sold 125,000 units to earn income of $300,000.
Answer:
They are all price takers.
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services.
Market price is set by the forces of demand and supply. Therefore, firms are price takers. Because all firms sell identical goods, no seller can set the price for her goods. If a seller attempts to sell above the market price, it would lose patronage. A seller would have no incentive to sell below market price because they would be earning losses.
Perfect competition produces at : price = marginal cost = marginal revenue.
I hope my answer helps you
A monopoly expresses a market situation where one company owns all the market share and can control prices and output.
<h3> What are some instances of a monopoly?</h3>
A monopoly is a company who is the sole seller of its product, and where there are no comparable substitutes. An unregulated monopoly has market control and can influence prices. Examples: Microsoft and Windows, DeBeers and diamonds, your local crude gas company.
<h3>What forces monopoly?</h3>
Monopolies can occur when one business owns a key resource. These are typically physical resources, such as diamonds. For example, if there is only one diamond abundance in the country, the business that owns it will be able to gain a monopoly.
To learn more about monopoly, refer
brainly.com/question/13113415
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Answer:
The correct answer is letter "A": True.
Explanation:
<em>Recruitment evaluations</em> are typically designed to gauge the skills, knowledge, and expertise of applicants. Most of the time, they are created considering the different types of tasks employees have within the organization and their hierarchy in the firm.
However, <em>if those evaluations are schemed to require the same set of skills for managers and lower hierarchy employees, the tests are likely to help evaluate applicants for different positions under the same parameters.</em>
