Answer:
The correct answer is option d.
Explanation:
Cartels are generally formed in oligopoly markets. In such markets there are few firms which are interdependent. So, they form cartels to enjoy monopoly power.
Though cartels are generally short lived and difficult to maintain. The reason behind this is that each firm has the incentive to deviate and produce more than their quota in order to capture more market share.
So, option d is the correct answer here.
Answer:
1. Income Statement for Digital Vibe Manufacturing company
For the Month ended January 31
Sales 875,000
Cost of goods sold 525,000
Gross Profit 350,000
Operating Expenses:
Selling expenses 125,000
Administrative expenses 80,000
Total Operating expenses <u>205,000</u>
Net Income <u>$145,000</u>
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B.
1. Ending material inventory = Material purchased - Used material in production
= 168,500 - 149,250
= $19,250
2. Ending work in Process inventory = Material used in production + Direct labor + Factory overhead - Transferred of work in process to finished goods
= 149,250 + 360,000 + 120,000 - 600,000
=$29,250
3. Ending finished goods inventory = Transfer from work in progress - Cost of goods sold
= 600,000 - 525,000
= $75,000
Answer:
$50,258.
Explanation:
According to the scenario, computation of the given data are as follow:-
We can calculate the deposit amount at the end of 15 years by using following formula:-
Deposit Amount per year(PMT) = $2,000
Interest rate = 7% = 0.07
Deposit year (n) = 15 years
Future value(FVIFA) = PMT × [{(1 + interest rate)^number of years - 1} ÷ interest rate]
= $2,000 × [{(1 + 0.07)^15 - 1} ÷ 0.07]
= $2,000 × [{2.7590315 - 1} ÷ 0.07]
= $2,000 × [1.7590315/0.07]
= $2,000 × 25.129022
= $50,258
According to the analysis total deposit at the end of the year is $50,258.
Answer:
$20,400
Explanation:
The computation of the bad debt expense for 2020 is shown below:
Ending balance of Allowance for Uncollectible Accounts = Beginning balance of Allowance for Uncollectible Accounts + bad debts -write off amount
where,
Ending balance of allowance for uncollected accounts is
= $800,000 × 5%
= $40,000
Beginning balance of Allowance for Uncollectible Accounts is $40,000
And, the written off amount is
= $28,800 - $8,400
= $20,400
So, the bad debt expense is
= $40,000 - $40,000 + $20,400
= $20,400
We simply applied the above formula so that the bad debt could arrive
