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3 years ago

The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is

Business

1 answer:

igomit [66]3 years ago

7 0

Answer:

Oligopoly.

Explanation:

The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is oligopoly.

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

1. Mutual interdependence between the firms.

2. Market control by many small firms.

3. Difficult entry to new firms.

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During July, the equivalent units of direct materials added to the product worked on by Department A amounted to a total of 90,0

dybincka [34]

Answer:

Cost of ending inventory =$15,000

Explanation:

Given:

Direct material = 90,000

beginning Inventory = 20,000

Completed Inventory = 60,000

Ending Inventory = 10,000

Total cost of direct materials = $135,000

Computation:

Cost of ending inventory = Ending Inventory × Per Item cost

Cost of ending inventory = 10,000 × $1.50

Cost of ending inventory =$15,000

Working Note:

Cost per unit = Cost of direct materials / Units in direct materials

Cost per unit = $135,000 / 90,000

Cost per unit = $1.50

7 0

3 years ago

refers to a system under which a country's currency is nominally allowed to float freely against other currencies, but in which

Temka [501]

Answer:

A Dirty Float

Explanation:

A dirty float or managed float, refers to a floating exchange rate system operated by a country's central bank where there are occasional interventions in the foreign excange markets to influence the demand and supply with the intention of curbing perceived volatilities in the currency.

As stated in the question, the intervention of the Central Bank will usually occur when it believes that the currency has deviated too far from its fair value.

The dirty float system is a buffer against external economic influences that may want to disrupt the foreign exchange market in a country.

Actually, from 1946-1971, many industrialized nations around the world operated the fixed exchange rate system or the Bretton Woods agreement but this changed August 15, 1971, when President Richard Nixon decided to exit the United States from this system and till date most nations that intend to protect their domestic markets and industries against external foreign influences have adopted the dirty float exchange system.

8 0

3 years ago

No matter what way you approach raising money for your business, you will need a ________. written business plan family investme

Alborosie

Answer:

The correct answer is letter "A": written business plan.

Explanation:

A business plan outlines the objectives a company wants to achieve and the strategies it decided to use for such purpose. Business plans are set after the company has identified and recorded the core competencies and resources it has to make the project become reality. Business plans are useful to establish the steps an organization should follow to accomplish every firm's ultimate goal: generate profit.

3 0

4 years ago

lisa is an hr manager who has been assigned the task of establishing pay rates to ensure external equity. what should lisa most

Vikki [24]

Lisa is an HR manager who has been assigned the task of establishing pay rates to ensure external equity. Lisa most likely should conduct a salary survey.

The human resources department is responsible for a wide range of functions within a company. HR manager are responsible for recruiting and hiring new employees, managing employee benefits and records, and administering pay.

They may also be responsible for employee training and development, and employee relations. They also play a key role in developing and implementing company policies and procedures.

To know more about HR, click here.

brainly.com/question/29035021

#SPJ1

6 0

1 year ago

A sporting goods manufacturer budgets production of 45,000 pairs of ski boots in the first quarter and 30,000 pairs in the secon

Alexandra [31]

Answer:

The budgeted materials need in kg. in the first quarter is 90,000 kg

Explanation:

For computing the budgeted material needed in the first quarter, first we have to calculate the consumption of first and second quarters separately, so that we can arrive to a solution.

The consumption of first quarter = Budgeted production × required kg

= 45,000 × 2

= 90,000 kg

The consumption of second quarter = Budgeted production × required kg

= 30,000 × 2

= 60,000 kg

The ending raw material inventory = 30% of second quarter

= 30% × 60,000

= 18,000 kg

Now put the formula to find out the purchase amount. The formula is shown below:

Raw material consumption = Opening raw material inventory + purchase of raw material - ending raw material inventory

where,

beginning inventory = 18,000 kg

90,000 = 18,000 + purchase - 18,000

So, the purchase is 90,000 kg

The question has asked the amount in kg so cost per kg is irrelevant.

Hence, the budgeted materials need in kg. in the first quarter is 90,000 kg

3 0

4 years ago