<span>The true statement about profits in a monopolistically competitive market is:
B.Many firms will earn profit in the short term, but they must constantly innovate and compete to earn profits in the long term.
Examples of monopolistic competition:
1) hotel and restaurant businesses
2) consumer services like hair dressers, spa, etc
3) pubs and bars
</span>
Answer:
d. a and b
Explanation:
A firm’s management analyzes financial statement’s so that:
Evaluating company's performance, by analyzing the financial statements in respect of various areas of financing, investing and operating activities, and then comparing the performance with past records and industries of same category.
Further the firm's management is responsible to take decision of dividend, and return to be paid to equity and various other stakeholders, thus both options a and b are correct.
Correct answer
d. a and b
Answer
Miguel must set aside $62,745 annually
Explanation
N = Number of years till Miguel would retire = 43 years
FV = Future Value = $1,000,000
r = Interest rate = 10%
PMT = Annual payments (at the ending of the year) = ?? The question asks us to calculate this
We would use the future value ordinary annuity formula to calculate PMT
FV = PMT ![[\frac{(1+r )^{N} -1}{r} ]](https://tex.z-dn.net/?f=%5B%5Cfrac%7B%281%2Br%20%29%5E%7BN%7D%20-1%7D%7Br%7D%20%5D)
1000000 = PMT ![[\frac{(1+0.10 )^{10} -1}{0.10} ]](https://tex.z-dn.net/?f=%5B%5Cfrac%7B%281%2B0.10%20%29%5E%7B10%7D%20-1%7D%7B0.10%7D%20%5D)
PMT ≅ $62,745
Miguel must set aside $62,745 annually
Answer:
False
Explanation:
The Association of Southeast Asian Nations (ASEAN) is a regional economic block made up of 11 southeast Asian countries. The block's primary objectives are to promote economic, cultural, and social integration among the member countries. Members of ASEAN are Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam.
Singapore, Britain, and Japan are not members of ASEAN. ASEAN is a regional body and Britain is not is Asian.
Answer:
C. $1,370,000
Explanation:
Calculation to determine the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity
Direct material $340,000
Direct labor $610,000
Allocated variable overhead $420,000
Minimum bid price $1,370,000
($340,000+$610,000+$420,000)
Therefore the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity is $1,370,000