C) They are income distributed only to retirees who have worked a certain amount of years. A pension plan provides for future retirement income based on the employee's earnings and length of service with the company. This type of pension plan is termed as a defined benefit plan.
Answer:
The contribution margin per unit is $7
Explanation:
The contribution margin per unit can be defined as the difference between the selling price per unit and the variable cost per unit.
Contribution margin per unit = Selling price - Variable cost
Contribution margin per unit = $12 - $5
Contribution margin per unit = $7
The contribution margin per unit is $7
Limited government licenses that create a monopoly do so because the license is an entry barrier.
Hence, option C is correct.
What do you mean by monopoly in economics?
Monopoly can be defined as a situation where there is a dominance of a single seller in the market. It is opposite to the concept of perfect competition. An unregulated monopoly possesses market power and can influence prices in the overall sector.
The main features revolves around
- Only One Seller and Various Buyers.
- No Produce Replacement Option
- Very Difficult to Enter in Market.
- Pricing Control.
- Government Driven.
- Natural Monopoly.
There are usually three types of monopoly
- Natural Monopolies.
- State Monopolies.
- Un-natural Monopolies.
To know more about monopoly from the given link
brainly.com/question/28841635
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Answer:
$454,000
Explanation:
Ending inventory is the value of the inventory in the store at the end of the year.
Goods are purchased and added to the the beginning inventory, the sale for the period is deducted from it. the residual value is the value of ending Inventory.
In This question it is assumed that there is $26,000 of beginning inventory of the goods. $470,000 of the purchases were made and at the end of the year there was $42,000 balance of inventory.
We can calculate the deduction value as follow
Ending Inventory = Beginning Inventory + Purchases - deduction
$42000 = $26,000 + $470,000 - deduction
$42000 = $496,000 - deduction
Deduction = $496,000 - $42,000 = $454,000
