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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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The wages of a timekeeper in the factory would be classified as

elixir [45]

Answer:

Explanation:

because it correct answer and correct answer

4 0

3 years ago

Read 2 more answers

All the following statements describe the flexibility available to the owner of a universal life insurance policy EXCEPT: Group

miv72 [106K]

Answer:

Policy loans are permitted on an interest-free basis.

Explanation:

The universal life insurance policy refers to a policy in which there is a component of an investment saving also it involves less premium that the person has to pay a low premium amount for continuing the policy. It could benefit the beneficiary after the death of the insured person

So according to the given situation ,for option B there is no flexibility available as no policy loans could be permitted without an interest

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3 years ago

The following partially completed process cost summary describes the July production activities of Ashad Company. Its production

xeze [42]

Answer:

Units Transferred Out $ 663750

Work In Process Ending $ 30440

Direct Materials Costs $ 11.5 per EUP Conversion Costs$6.2 per EUP

Explanation:

Ashad Company

Weighted Average Method

Cost Of Production Report

Equivalent Units of Production

Direct Materials Conversion

Units transferred out 37,500 EUP 37,500 EUP

Units of ending work in process 2,000 EUP 1,200 EUP

Equivalent units of production 39,500 EUP 38,700 EUP

Costs Added

Direct Materials Conversion

Costs of beginning work in

process $13,450 $1,860

Costs incurred this period 440,800 238,080

Total costs $454,250 $239,940 

Costs per EUP

Direct Materials Conversion

$454,250/ 39,500 EUP $239,940/38,700 EUP

= $ 11.5 per EUP = $6.2 per EUP

Dividing the costs with EUP gives cost per EUP.

Costs Accounted For

Units Transferred Out $ 663750

Materials = $ 11.5 * 37500=$ 431250

Conversion= $ 6.2 * 37500=$ 232500

Total = $ 663750

Work In Process Ending $ 30440

Materials = $ 11.5 * 2000=$ 23000

Conversion= $ 6.2 * 1200=$ 7440

Total = $ 30440

Now adding the costs of Transferred out units and the ending work in process inventory equals the total of the costs added.

$ 663750+$ 30440 = $454,250 + $239,940

$ 694190 = $ 694190

8 0

3 years ago

On January 1, 2018, the Cook's Restaurant decides to invest in Lake Topsey bonds. The bonds mature on December 31, 2021, an

charle [14.2K]

Answer and Explanation:

The Journal Entry is shown below:-

Investment in bonds is at face value, no question about discount or premium.

Investment is rendered from the time the bonds mature before 2023. Hence, it is an investment as Working for Profit "Held until maturity"

Jan 1, 2018

Bonds receivables Dr, $140,000

To Cash $140,000

(Being Investment in bonds is recorded)

30 June 2018

Cash Dr, $2,400

To interest income $2,400

(Being six months interest received is recorded)

31 Dec 2018

3. Cash Dr, $2,400

To interest income $2,400

(Being six months interest received is recorded)

Working note:-

Bond Value $140,000

Interest rate 4%

Interest earned half

yearly, effective rate

(4% × 6 ÷ 12) 2%

Half Yearly interest amount

($140,000 × 2%) $2,800

3 0

3 years ago

What role does utility play in the economic model of consumer behavior? When modeling consumer behavior, utility A. reflects t

olya-2409 [2.1K]

Answer:

A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services

Explanation:

When modeling consumer behavior, utility reflects the enjoyment a consumer receives from consuming a particular set of goods and services

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3 years ago