Answer:
Forey competes in a Monopolistic Industry.
Explanation:
An industry wit high degree of competition reflects either a perfectly competitive market structure or a monopolistic competitive one. The company in question operates in competition with many other firms in an industry where entry has been easier to allow many firms to enter and operate.
The four-firm concentration ratio and Herfindahl-Hirschman Index are small which suggests absence of concentration.
Rothschild Index for this industry is significantly greater than zero which indicates that this industry cannot be perfectly competitive.
Therefore, the market structure that best characterizes the industry in which Forey competes is a MONOPOLISTICALLY COMPETITIVE one.
Answer:
July 19;
Dr: Cash -----------------$784
Dr: Sales Discount----$16
Cr: Accounts Receivable--------$800
Explanation:
On July 19, the business must have factored in the $100 goods that was returned on July 12, so this will automatically reduce the accounts receivable to $800($900 - $100).
The discount does not reflect if paid on the last day of the month, so the discount of 2percent is still on as at July 19. The discount will be $16(2% of $800) and the amount of cash to be expected will be $784($800-16).
Therefore, the adjusting entry will be:
July 19;
Dr: Cash -----------------$784
Dr: Sales Discount----$16
Cr: Accounts Receivable--------$800
I think the statement that best describes the main cause of the 2008 housing market crash is : many people could not make home payments during a weak economy
That period was a period of recession and it cause the price of the house keep dropping
hope this helps
Answer:
Yes
Explanation:
Yes, this concept is an example of supply and demand. When there is a limited supply of a product like the soft drinks in the vending machines then the price would match the number of people that want to buy the product. If in a very hot day more people want to buy a soft drink to cool down then the supply will begin to decrease as more people buy, this will create an increase in price as people would be ok with paying more money in order to be one of the lucky few to get one of the few soft drinks that are left.
Answer:
Explanation:
For Navy contract, the total number of man hours put into production will be:
= 27 × 40 × 2
= 2160 man hours
Then, the units produced per labor hour will be:
= 2540 devices / 2160
= 1.176 units per labor hour.
For Army contracts, the total number of man hours put into production will be:
= 37 × 40 × 3
= 4440 man hours
Then, the units produced per labor hour will be:
= 5940/4440
= 1.338 units per labor hour.