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3 years ago

What is pure competition?

Business

2 answers:

nadezda [96]3 years ago

5 0

Answer:

A theoretical market structure with very large numbers, identical products, freedom of entry and exit, and perfect knowledge by all buyers and sellers of market conditions

Explanation:

Pure or perfect competition is a theoretical market structure that meets the following criteria.

All traders sell identical products-(homogeneous)
Traders cannot influence the market price.
Traders can enter and exit the market at no cost.
Buyers have complete information about the current prices that each buyer charges.
Resources such as labor move freely within the industry.

lana66690 [7]3 years ago

5 0

Answer:

The answer is B. The second option.

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Which of the following items should be included in a company's inventory at the balance sheet date? A) Goods sold to a customer

Nikitich [7]

Answer:

The correct answer is C.

Explanation:

In the inventory of a company, when it is on the balance sheet date, goods in transit purchased at an f.o.b. shipping point must be included.

Goods in transit are goods that are not physically in the warehouse but have already been paid for by the company. This already acquired merchandise is property of the company, only that its arrival is only waited for to the deposit.

Have a nice day!

8 0

3 years ago

Read 2 more answers

The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions:_____

mars1129 [50]

Answer:

The profit margin controllable by the Central Valley segment manager is: $ 95,000.

Explanation:

Only items directly controllable by the Manager should be included in the divisional financial performance measure.

<u>Central Valley Division</u>

Revenues $ 405,000

Less Variable Costs :

Variable operating expenses ($ 230,000)

Controllable Contribution $ 175,000

Less Controllable fixed expenses ($80,000)

Controllable Profit $ 95,000

3 0

3 years ago

At its $60 selling price, Atlantic Company has sales of $15,000, variable manufacturing costs of $4,000, fixed manufacturing cos

Kay [80]

Answer:

$28

Explanation:

Step 1:

If a company sells a product at $60 each and makes a sale of $15,000, the number of units of items produced is

$15,000 ÷ $60 = 250 units.

Step 2:

To calculate the company's contribution margin per unit,

we have, (unit selling prices - unit production cost)

unit selling price is #60

unit cost of production is (total cost of prodcution ÷ number of units)

total cost of production is $4,000+ $1,000+ $2,000+ $1,000 = $8000

Unit cost of production is $8000 ÷ 250 = $32

i.e it takes $32 to manufacture 1 product.

Contribution margin = $60 - $32

= $28

∴ the contribution margin is $28.

Cheers.

6 0

3 years ago

Mr. Rodriguez is caring his suitcase to his room. He sees a sign indicating that elevators are ahead. Now, he knows where he is

DiKsa [7]

Answer:poop

Explanation:

4 0

2 years ago

Under the sales comparison approach to valuation, a subject property has 3 bedrooms, two bathrooms and is on a golf course. The

kondaur [170]

Answer:

The subject property should be valued at $760,000

Explanation:

Sales comparison approach to valuation in real estate values properties by comparing their similar characteristics, and the features are priced. The total value of a property is thus the addition of all features.

In the instance given, both properties have 3 bedrooms and 2 bathrooms and so using comparison theses features are equally priced at $690,000.

So the property with the golf course will have $690,000 added to the value of the golf course ($70,000).

That is $760,000.

8 0

3 years ago