The correct option is C (1836)
<u>Explanation:</u>
From the given data, all the frims with the given market share are taken. the 8 more firms are taken into account which have 1 percent market share. Thsu, 8 is multiplied with 1 pecent of share.
All the square roots are calculated in order to calculate the HHI
HHI = Summation of sqrt Si
= (36)^2 + (3)^2 + (3)^2 + (6)^2 + (16)^2 + (6)^2 + (4)^2 + (7)^2 + (11)^2 + 8(1)^2
= 1836
Therefore, the correct answer is C (1832)
Answer:
Gross profit= 131,500
Explanation:
Giving the following information:
Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experienced these variances: Materials price: $2,400 F Materials quantity: $1,400 U Labor price: $2,000 U Labor quantity: $1,000 F Overhead: $1,500 F
To calculate the cost of goods sold, we use actaul costs and quantity of direct labor and direct materials. Therefore, the only estimated cost is overhead.
Gross profit= 220,000 - 90,000 + 1,500= 131,500
Answer:
$50,085
Explanation:
The computation of the firm federal income tax is shown below:
Operational income $220,000
Add: interest income $22,000
Add dividend income ($31,000 × 30%) $9,300
Less: interest paid ($12,800)
Taxable income $238,500
Federal tax (21% × $238,500) $50,085
Hence, the firm federal income tax is $50,085
The answer is actually C. Lagged. I just took the quiz and the other answer was wrong