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nekit [7.7K]
3 years ago
10

Determine which market model best describes the scenario:

Business
1 answer:
ludmilkaskok [199]3 years ago
8 0

Answer:

c) Perfect Competition

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry and exit of firms. Firms are price takers

A monopolistic competition is when there are many buyers and sellers of differentiated goods and services. Sellers set their market price.

An oligopoly is when few large firms dominate an industry. There are really high barriers to entry and exit of firms.

A monopoly is when there is only one firm operating in an industry. There are high barriers to entry and exit of firms. The firm sets market price.

In this question, the market model describes a perfect competition because there are many sellers of identical goods (pasta).

I hope my answer helps you

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Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance 6,600 Apr. 30 Goods finished X 30 D
vladimir1956 [14]

Answer:

The balance of Work in Process as of April 30 is $3,470.

Explanation:

Work in Process

Apr. 1 Balance 6,600

Apr 30 Direct materials 51,600

Apr 30 Direct labor 190,900

Apr 30 Factory overhead 57,270

Apr. 30 Goods finished = Opening Balance + Direct Material + Direct labor + Factory overheads - Goods Finished during the April

Apr. 30 Goods finished = 6,600 + 51,600 + 190,900 + 57,270 -302,900 = 3,470

Finished Goods

Apr. 1 Balance 16,000

Apr 30 Goods finished 302,900

7 0
4 years ago
Sommers Co.'s bonds currently sell for $1,080 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year m
marissa [1.9K]

Answer:

b. 9.01%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

The NPER represents the time period.  

Given that,  

Present value = $1,080

Future value or Face value = $1,000  

PMT = 100

NPER = 15 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the yield to maturity is 9.01%

8 0
3 years ago
The decline in unit costs of a product or service that occurs as the absolute volume of production increases is known as
leva [86]

Answer:

A. economies of scale.

Explanation:

The economies of scale is the scale where the company has the advantage of the cost that reaped by the organization in the case when there is an efficient production. It could be accomplished when the level of production or the volume of the production rises by lowering the cost

Therefore as per the given situation, the option A is correct as it fits to the current situation

Hence, the correct option is A.

4 0
3 years ago
At the beginning of the year (January 1), Buffalo Drilling has $10,000 of common stock outstanding and retained earnings of $7,0
GarryVolchara [31]

Answer:

Shareholders Equity  

INITIAL Shareholders Equity  $ 17.000

Common Stock  $ 6.800

Retained Earnings  $ 5.300

FINAL Shareholders Equity $ 29.100

Explanation:

Retained Earnings Report  

Opening retained earnings $ 7,000

Add: Net Income $ 7,300

Subtotal $ 14,300

Less: Dividens -$ 2,000

Total $ 12,300

Stockholders' Equity   INITIAL   FINAL  

Common Stock  $ 10,000 $ 16,800    

Retained Earnings  $ 7,000 $ 12,300

TOTAL EQUITY  $ 17,000 $ 29,100

3 0
4 years ago
If a country has a trade surplus a it has negative net exports and negative net capital outflow. b it has positive net exports a
Naddik [55]

Answer:

b it has positive net exports and positive net capital outflow

Explanation:

Trade surplus occurs when exports exceeds import.

It is when the difference between export and import is postive

Export is the goods and services sent abroad by a country.

Import is the goods and services A country receives from abroad.

Net capital outflow is the net flow of funds invested abroad by a country. When net capital outflow is positive, it means that the money a country sends abroad exceeds the money it receives from abroad. It follows that when there's a trade surplus, net capital outflow is positive.

I hope my answer helps you

3 0
3 years ago
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