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ratelena [41]
3 years ago
13

Which of the following statements is true about profits in a monopolistically competitive market? A. Most firms will earn substa

ntial profits from year to year.
B.Many firms will earn profit in the short term, but they must constantly innovate and compete to earn profits in the long term.
C.Profits are rare in monopolistically competitive markets.
DMonopolistically competitive firms are as profitable as monopoly firms.
Business
1 answer:
nydimaria [60]3 years ago
7 0
<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>
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What two things do you consider when evaluating the time value of money?
White raven [17]

Items that are not a nesscity?

If so I think about what i need first because thats more important

And I think about how much im about to spend... if it is more that what u have or rlly close its not worth it..

8 0
3 years ago
Financial statement data for the years ended December 31 for Dovetail Corporation follows:2016 2015Net income $448,750 $376,000
Mandarinka [93]

Answer:

The earnings per share for 2016 are $5.45 per share while the earnings per share for 2015 were $5.60 per share.

The earnings per share has fallen in 2016 as compared to 2015, thus there is an unfavorable trend.

Explanation:

Earning per share (EPS) is the amount of net income allocable to each share of common stock outstanding. It is a useful measure for investors as it tells them how much $ return a business in earning on every share of common stock. The earnings per share is calculated as follows,

Earnings per share = (Net Income - Preferred dividends) / Weighted average shares on common stock outstanding

<u />

<u>The earnings per share for Dovetail is</u>

2015 EPS = (376000 - 40000) / 60000    = $5.60 per share

2016 EPS = (448750 - 40000) 75000    = $5.45 per share

4 0
3 years ago
The following information was compiled by Frank Ironman Incorporated:
Bumek [7]

Answer:

The correct option is D,$20,000 unfavorable

Explanation:

In the first place, it is noteworthy that fixed overhead flexible budget variance is the between the budgeted overhead cost and the actual fixed overhead incurred.

When actual fixed cost overhead is lower than budgeted,the resultant effect is a favorable variance,where the reverse is the case when the budgeted fixed overhead cost is higher as is the case here.

budgeted fixed overhead costs              $200,000

Actual fixed overhead costs                      ($220,000)

fixed overhead flexible budget variance  ($20,000) unfavorable

8 0
3 years ago
Pestiferous Manufacturing produces a chemical pesticide and uses process costing. There are three processing departmentslong das
ExtremeBDS [4]

Answer:

C. $ 32 comma 742

Explanation:

We are given with the ending WIP equivalent untis and the equivalent untis conversion adn material cost

We sjust need to multiply and add them:

material EU x equivalent cost per material +

conversion EU x equivalent cost per conversion

9,000 x 1.35 +

<u>3,960 x 5.20   </u>

32,742

8 0
4 years ago
Universal Exports Inc. is considering a project that will require $700,000 in assets. The project will be financed with 100% equ
tresset_1 [31]

Answer:

13%

Explanation:

Given that,

Investment (100% equity) = $700,000

EBIT = $140,000

Tax rate = 35%

Earnings after tax:

= Investment (100% equity) + Earnings before interest and taxes - Tax (35%)

= $700,000 + $140,000 - ($140,000 × 0.35)

= $840,000 - $49,000

= $91,000

ROE = Earnings after tax ÷ Investment

       = $91,000 ÷ $700,000

       = 13%

3 0
3 years ago
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