Answer:
Option (C) is correct
Explanation:
The payment is made during the discount period of 11 days so the 2% discount rate would be applicable.
Goods purchased = $112,000
Goods returned = $2,200
Discount = (Goods purchased - goods returned) × 2%
= ($112,000 - $2,200) × 2%
= $2,196
Net purchase = Goods purchased - returned - Discount
= $112,000 - $2,200 - $2,196
= $107,604
Total inventory cost = Net purchase + Freight cost
= $107,604 + $400
= $108,004
Therefore, company’s inventory increased by $108,004.
Demand and marginal revenue curves are downward-sloping for monopolistically competition firms because: a. product differentiation allows each firm some degree of monopoly power.
<h3>What is product differentiation?</h3>
Product differentiation can be defined as what makes a product to different from another product which is why some producer tend to include a unique features in their so as to make their product distinct from that of others.
A monopolistic competitive firms can tend to face a downward - sloping demand curve based on the fact that it help to differentiate their product from that of others competitors.
Therefore the correct option is A.
Learn more about Product differentiation here: brainly.com/question/8107956
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The complete question is:
Demand and marginal revenue curves are downward-sloping for monopolistically competition firms because...
a)product differentiation allows each firm some degree of monopoly power
b)there are a few large firms in the industry and they each act as a monopolist
c)mutual interdependence among all firms in the industry leads to collusion
d)each firm has to take the market price as given
Answer:
Union power
Explanation:
Union members usually earn a higher salary than non-unionized employees carrying out the same tasks in similar companies due to union power. Basically unions exercise their power of representing workers through their ability to call on a strike. Also, unions negotiate wage increases on a yearly basis, while non-unionized workers must negotiate on their own.
The retailer/store pays the interchange rate.
Answer: $81.85
Explanation:
Additional Equity financing needed = Projected Assets - Projected liabilities - Projected increase in retained earnings - Current equity
Projected Assets = (Current Assets + Fixed Assets) * ( 1 + growth rate)
= ( 670 + 1,520) * ( 1.10)
= $2,409
Projected Liabilities = 360 * 1.1
= $369
Projected Increase in Retained earnings
= Sales * ( 1 + growth rate ) * profit margin
= 2,330 * 1.10 * 5%
= $128.15
Current Equity = Assets - Liabilities
= 670 + 1,520 - 360
= $1,830
Additional Equity financing needed next year= 2,409 - 369 - 128.15 - 1,830
= $81.85
