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pochemuha
3 years ago
11

For a time, either R. J. Reynolds or Phillip Morris raised prices of cigarettes twice a year by about 50 cents per carton. The o

ther firms in the industry raised their prices by the same amount. Economists call this
Business
1 answer:
Inessa [10]3 years ago
8 0

Answer:

The options for this question are the following:

A. predatory pricing.

B. a price war.

C. price leadership.

D. producer sovereignty.

The correct answer is  C. price leadership.

Explanation:

A company has price leadership when establishing the price of the products of its industry and other companies, often much lower than the leader, always with adjustments. This generally happens when the products do not present large differences nor is there sufficient demand for each of the competitors to remain profitable after the price change. Economists have identified three types of price leadership.

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In your own words....
Amiraneli [1.4K]

Answer:

Explanation:

What is a service business? Give an example of one  

Examples of service businesses include companies engaged in transport, food service, distribution, retail, and other industries that sell services rather than products. These intangibles provide the primary revenue source for service businesses.

3 0
2 years ago
Ploeger Corporation has provided the following contribution format income statement. Assume that the following information is wi
Crazy boy [7]

Answer:

Break-even point (dollars)= $234,000

Explanation:

Giving the following information:

Sales (4,000 units) $ 240,000

Variable expenses 156,000

Fixed expenses 81,900

To calculate the break-even point in dollars, first, we need to determine the selling price and unitary variable cost:

Selling price= 240,000/4,000= $60

Unitary variable cost= 156,000/4,000= $39

Now, we can calculate the break-even point:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 81,900/ [(60 - 39) / 60]= $234,000

8 0
3 years ago
1. A small-scale businessman deposits money at the beginning of each year into his savings account, depending on the level of th
quester [9]

Answer:

The value of the investment at the time of his first deposit is $1,000.

At the end of the first year, the investment will be worth $1,070.

Explanation:

The value of a deposit investment is determined by the interest rate and time.  Time affects the value of an investment by this small-scale businessman in many ways.  The passage of time increases the value of his investment.  However, the total increase may not be due to the interest rate, but inflation also affects asset's value.  For this businessman to make a gain in the investment, the interest rate must be higher than the inflation rate.  Otherwise, the investment loses money due to the effects of inflation, which reduces the real value of an asset over time.

7 0
3 years ago
State whether the following sentences are true or false regarding the nature of fiduciary-type funds and the accounting measurem
geniusboy [140]

Answer:

a. Governments may access the resources of fiduciary funds to help support their own programs.

True

b. When a government sponsors an Investment Trust Fund, the portion that belongs to other governments is reported as assets of the Fund, but the portion belonging to the sponsoring government is not.

True

c. The statement of net position for a typical Agency Fund shows assets and liabilities, but no fund balance.

True

d. When reporting on the resources of Pension Trust Funds, equity securities held by the Funds are reported at original cost.

True

Explanation:

7 0
2 years ago
Parsons Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last
Ierofanga [76]

Answer:

Actual direct labor hours= 32,750 hours

Explanation:

Giving the following information:

Actual overhead= $250,000 in actual manufacturing overhead cost. Overapplied overhead= $12,000 for the year.

The predetermined overhead rate was $8.00 per direct labor-hour

We need to reverse engineer the manufacturing overhead application process for the period.

Under/over applied overhead= real overhead - allocated overhead

If overhead was overapplied, the real overhead was lower than applied.

-12,000= 250,000 - allocated overhead

allocated overhead= $262,000

Now, we can determine the actual direct labor hours for the period:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

262,000= 8*Actual amount of allocation base

Actual direct labor hours= 32,750 hours

7 0
3 years ago
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