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3 years ago

What does Market Power mean?

1 answer:

3 0

Market power is the ability of a company or a firm/firm group to raise and maintain the price of a product. This also means that they need to maintain the price above the level that will be better than its competitors. This can also be called as monopoly power as well. However, it can lead towards loss of economic welfare as well.

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Cullumber Products plans to produce 10200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound. Wh

yKpoI14uk [10]

Answer:

Standard direct material cost= $306,000

Explanation:

Giving the following information:

Cullumber Products plans to produce 10,200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound.

<u>First, we need to calculate the standard pounds needed:</u>

Standard pounds of plastic= 10,200*6= 61,200 pounds

<u>Now, the standard cost:</u>

Standard direct material cost= 61,200*5

Standard direct material cost= $306,000

3 0

3 years ago

Bay Manufacturing Co. purchased a 3-month U.S. Treasury bill. In preparing Bay's statement of cash flows, this purchase would:A.

Lesechka [4]

Answer:

A. have no effect.

Explanation:

The US Treasury Bill was purchased at short-term

So it would not affect the company's cash balance.

The rule for short-term invstment is to have litle risk

and a mature of less than 90 days

the US TB fullfil both, it has no risk and matures within 90 days It is considered a cash equivalent.

7 0

3 years ago

In a dealer market, some dealers hold a certain inventory of specific securities and create a liquid market by purchasing and se

katrin [286]

Answer:

Option (C) is correct.

Explanation:

Dealers profits come from the bid-ask spread in a dealer market. The bid-ask spread is a premium that come from bearing the risk. Most of dealers buy specific securities in wholesale and sell it in retail. The dealer's profit is the difference between the maximum purchase price made by the buyer and the least price at which seller wants to sell their securities. Hence, the difference between these two terms represents the dealer's profit that is bid-ask spread.

6 0

3 years ago

Assume the economy has a 12 percent chance of booming, a 4 percent chance of being recessionary, and being normal the remainder

elena-s [515]

Answer :

13.86%

Explanation:

Calculation of the Expected rate of return

First step

Expected return = (.12 x.187) + (.84 x.144) + [.04 x(-.12)]

Second step

Expected return =(0.02244)+(0.12096)+ (-0.0048)

Expected return=0.1386 ×100

Expected return=13.86%

Therefore the Expected return would be 13.86%

6 0

4 years ago

You are a supply chain manager at a UK firm. In 2010, a volcano broke out in Iceland, disrupting air travel across Europe. On th

grandymaker [24]

Answer:

Explanation below.

Explanation:

It should be understood that as a chain supply manager, your job is to continue to make supply available no matter what may.

At this instance, what happened that cut you off from your reliable Asian suppliers was not your fault at all, and the best thing is to start patronizing the local suppler until the predicament is resolved.

What is needed to be done, is to continually be in touch with the Asian suppliers, and keep assuring them of patronizing them again immediately the coast is clear.

5 0

3 years ago