Answer: $2,085
Explanation:
Average monthly sales by the three salesperson are;
$125,000
$144,000
$148,000
Therefore, average total monthly sales by the three salesperson equals;
$125,000+$144,000+$148,000 = $417,000
Average total sales per month = $417,000
Monthly commission percentage = 0.5%
Monthly commission = 0.5% × 417,000
(0.5 ×417000) ÷ 100
208500 ÷ 100 = $2085
Monthly commission = $2,085
The federal funds rate is the interest rate at which private depository institutions (mostly banks) lend balances (federal funds) at the Federal Reserve to other depository institutions. reserves that banks lend to each other; Federal Open Market Committee
Answer:
$900
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
So, only $900 would be reported on the income statement as the other transaction reflect the financing activity
Answer:
1. b) different their products,
2.a) face competition from many other firms ,
3. c) participate in markets where barriers to entry are present,
4. b) Within walking distance from your home, there are a plethora of fast-food restaurants including Koala Express, Cabo Bob's Burritos, Oodles of Noodles, and Hanzo's Hearty Hamburgers
Explanation:
- The monopolies and the monopolistically competitive firms differ in terms of the monopolies as on the process of the differentiation.
- The firm n the monopolistic competition differs from the perfect competition based on they are price takers and the monopoly is price makers.
- An oligopoly market is a small number of relatively larger firms. where significant barriers to entry exist.
- The example of the monopolistic competition exists in the firm of the restaurant business. Hotels and pubs.
