Looking for a solution for a common source of irritation and frustration can be a

marusya05 [52]

Answer:

a. realize an economic profit in the long run.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

Hence, one of the ways in which some monopolistic competitors try to become more like monopolists is through the use of designer labels.

This ultimately implies that, when there are barriers to entry it may result in monopolistic competition among the sellers of goods having no close substitutes. These barriers consist of economies of scale, network externalities, copyright law, trademark, patent, governmental policies etc.

In a purely competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a purely competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

An important similarity between a monopolistically competitive firm and a purely competitive firm is that realize an economic profit in the long run and these profits tends toward zero as both firms continue in the market.

6 0

3 years ago

A parent company exchanges 30,000 shares of its $1 par value common stock, with a market value of $10/share, for all of the shar

Ivan

Answer:

Common Stock $90,000 (debit)

Retained Earnings $135,000 (debit)

Revaluation Reserve $75,000 debit)

Investment in Subsidiary $300,000 (credit)

Explanation:

The Parent (Investor) acquires the Assets and Liabilities (or Equity) of the Subsidiary (Investee) at their Acquisition date fair values.

Any excess of the Purchase Consideration over the Net Assets/ Equity taken over is known as Goodwill and is shown in the Consolidated financial Statements of the Group.

The above shows the elimination journal entry that would be prepared at the acquisition date. The Revaluation reserve has been created to adjust the fair value of PPE. There is no goodwill.

8 0

3 years ago

Select the correct answer. Richard runs a small manufacturing business. Recently, he discovered that some of the financial trans

adoni [48]

Answer:

C. sanctioning financial transactions in advance in the future

Explanation:

Sanctioning a financial transaction means approving or authorizing a transaction to be executed. Requiring approval for financial transactions is one of the measures of internal control. Employees are required to seek approval from management or authorities before proceeding with transactions.

Richard should demand that he sanctions all transactions in advance. Through this measure, he will get details and explanations of financial transactions before they happen.

6 0

2 years ago

Crown Co. can produce two types of lamps, the Enlightner and Foglighter. The data on the two lamp models are as follows: Enlight

Vlada [557]

Answer:

Crown Co.

The breakeven point in total units is:

711 units

Explanation:

a) Data and Calculations:

Enlightner Foglighter Total

Sales volume in units 500 400 900

Unit sales price $ 300 $ 400

Sales value $150,000 $160,000 $310,000

Unit variable cost 200 240

Variable costs $100,000 $96,000 $196,000

Unit contribution margin $ 100 $ 160

Total contribution $50,000 $64,000 $114,000

Machine hour 1 1

Weighted contribution margin per unit $126.67 ($114,000/900)

Total fixed costs $90,000

Variable costs $196,000

Total costs = $286,000

Weighted contribution margin per unit:

Enlightner Foglighter Total

Unit contribution margin ($ 100 *5/9) ($ 160 * 4/9)

$55.56 $71.11 $126.67

Break-even point in total units = Fixed costs/Weighted contribution margin per unit

= $90,000/$126.67

= 710.5 units

3 0

3 years ago

Use the information contained below to compress one-time unit per move using the least cost method. Reduce the schedule until yo

Irina18 [472]

Answer:

See explaination and attachment

Explanation:

We can look at The project total time-cost relationship to be determined by adding up the direct cost and indirect cost values together. The optimum project duration can be determined as the project duration that results in the least project total cost.

To have a clearer understanding of the solution given please check attachment for the detailed step by step solution of the solution of the given problem.

7 0

3 years ago