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marusya05 [52]
3 years ago
14

Bob's Butcher Shop is the only place within 100 miles that sells bison burgers. Assuming that Bob is a monopolist and maximizing

his profit, which of the following statements is true?
a. The price of Bob's bison burgers will be less than Bob's marginal cost.
b. The price of Bob's bison burgers will exceed Bob's marginal cost.
c. The price of Bob's bison burgers will equal Bob's marginal cost.
d. Costs are irrelevant to Bob because he is a monopolist.
Business
2 answers:
alexdok [17]3 years ago
8 0

Answer:

B

Explanation:

It is B

AysviL [449]3 years ago
4 0

Answer:

b. The price of Bob's bison burgers will exceed Bob's marginal cost.

Explanation:

As Bob's Butcher Shop is the only place within 100 miles that sells bison burgers. His objective is to maximized his profit as he is a monopolist. He will keep his price higher than his marginal cost to get maximum gain in the situation of monopoly. So the correct option is b. The price of Bob's bison burgers will exceed Bob's marginal cost.

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On April 1, 2018, Owl Co. sold $2,000,000, 5% bonds at par, convertible to 18,000 common stock, but not converted in 2018. In 20
murzikaleks [220]

Answer:$4.44

Explanation:

Net income after tax is $600,00 less 20% =$480,000

Total shares for diluted eps 90,000+18,000= 108,000

Diluted eps= 480,000/108,000

= $4.44

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3 0
3 years ago
Jimmy Company’s cash balance at the end of the month was $8,500. After comparing the company’s records with the monthly bank sta
Elodia [21]

Answer:

The answer is C) $7,970.

Explanation:

We have 04 reconciling items as below:

- Outstanding checks $800: this amount was already recorded in the Cash account of the company once the check was written; thus, the Cash ending balance has already reflected this amount.

- Deposits in transit $700: this amount was already recorded in the Cash or Cash-equivalent account of the company once the deposit was made; thus, the Cash ending balance has already reflected this amount.

- Bank service charge $30: fees paid to banking activities and are deducted without informing to the company. Thus, this deduction in cash is not reflected in the Cash account.

-  NSF check $500: this was recorded as the increase in Cash account by the company once the check was written by the person/entity to the company. However, the writer's account balance was not sufficient to honor this check amount to the company; thus Cash Account at the end of the period should reduced by $500. Instead, this $500 may be recorded in Account Receivable account.

Thus, the adjusted cash balance = 8,500 - 30 - 500 = $7,970.

7 0
3 years ago
Which one of the following would not be considered an advantage of the corporate form of organization?a. Limited liability of ow
solmaris [256]

Answer:

Disadvantage of Corporate Form of Organization:

d. Government regulation

Explanation:

In recent times, government regulation of businesses appears to be regarded as a disadvantage of the corporate form of organizations.  Governments intervene and regulate corporate entities whenever they fail to be self-regulatory.  But, the regulations may appear to be so much that the corporate form of organization now looks like a disadvantage.  Given the many corporate scandals, collapses, and misapplications of resources by corporate entities that have become the order of the day, government regulation is very important.  Without government regulation, many corporate bodies will not be acting in the public interest.  This is more so with public entity corporate organizations with diverse stakeholders and corporate managers who act as if they were running their own autonomous governments.

5 0
3 years ago
Which financial transaction is associated with the home rental process?
Bezzdna [24]
During a home rental process you must place a security deposit down in order to rent the home. You also sometimes will have to pay a couple months rent in advance.
3 0
3 years ago
Read 2 more answers
Joan sells new cars at a local dealership. she receives 15% commission on profit each car is sold for . last week she sold 9 car
Serggg [28]

Calculation of Commission earned:


We are given that Joan sells new cars at a local dealership and she receives a 15% commission on profit.

So we can say that :

Commission earned = 15% * Total profit  

Last week she sold 9 cars for the total of $10,870 dealer profit

Hence Commission earned shall be calculated as follows:

Commission earned = 15% * Total profit  


Commission earned = 15% * 10870 = $1,630.50


Hence, the Commission earned by Joan is <u>$1,630.50</u>



3 0
3 years ago
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