Answer:
a. tries to differentiate its product from competitors' products.
Explanation:
A monopolistic competition is when there are many buyers and sellers of heterogeneous goods and services .
An example of a monopolistic competition is a restaurant.
The demand curve for a monopolistic competition is downward sloping which indicates that the demand is elastic.
If in the short run ,a monopolistic competition earns economic profit, in the long run, new firms would enter in the industry wiping out the economic profit. Therefore, in the long run, a monopolistic competition doesn't operate like a monopoly. A monopoly earns economic profit both in the short and long run.
I hope my answer helps you
Answer:
Short term debt after the reclasification: 3,352,340
Explanation:
The company expect to borrow from their receivables.
As the lower amount expecteed for the receivables is 6,006,000
we will refinance up to 61% of this amount thus:
6.006.000 x 61% = 3.663.660
This is the amount the company will expect to refinance with new notes payable instead of honor the original note.
short term debt 7,016,000
less <u> 3,663,660 </u>reclassified as long term
new short-debt 3,352,340
Answer:
a. $32,000 unfavorable
Explanation:
The computation of the direct labor efficiency variance for October is shown below:-
Direct labor efficiency variance = (Standard hours for actual production - Actual hrs) × Standard rate per hour
= (5,700 × 2 - $234,000 ÷ $18.00) × $20
= (11,400 - $13,000) × $20
= $1,600 × $20
= $32,000 unfavorable
Therefore for computing the direct labor efficiency variance for October we simply applied the above formula.
It has significantly decreased
