A home electrical system is joined to the electric company's system at the junction of the

A firm has market power if it can a. maximize profits. b. minimize costs. c. influence the market price of the good it sells. d.

VikaD [51]

Answer:

Option C: Influence the market price of the good as it sells

Explanation:

Market Power is simply when a firm is able to raise price above the equilibrium level by not and without losing all of its customers. It depends on largely on the closeness of substiutes.

A firm has market power if it can Influence the market price of the good as it sells to its customer and can regulate it when necessary.

5 0

2 years ago

In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following ord

Dahasolnce [82]

Answer:

Find the detailed answer below

Explanation:

January 1 300 units at $5 $1,500

January 8 500 units at $9 $4,500

January 29 910 units at $10 $9,100

1,110 units are available at the end of the month. That means 600 units were sold

A. Under FIFO

1. Cost of goods available for sale:

$1,500 + $4,500 + $9,100 = $15,100

2. Cost of goods sold

300 units at $5 $1,500

300 units at $9 $2,700

Total $4,200

3. Ending inventory

200 units at $9 $1,800

910 units at $10 $9,100

Total $10,900

B. Under LIFO(Last in First Out)

1. Cost of goods available for sale:

$1,500 + $4,500 + $9,100 = $15,100

2. Cost of goods sold

600 units at $10 $6,000

Total $6,000

3. Ending inventory

310 units at $10 $3,100

500 units at $9 $4,500

300 units at $5 $1,500

Total $9,100

C. Weighted average cost flow assumption: Cost of goods available for sale / total units

1. Cost of goods available for sale:

$1,500 + $4,500 + $9,100 = $15,100

2. Cost of goods sold

$15,100 / 1,710 = $8.83

$8.83 x 600 = $5,298

3. Ending inventory

$8.83 x 1,110 = $9,801.3

Under perpetual Inventory System

Between January 9 and January 28. The prevailing price that will be used to sell the inventory will be the price at January 8($9)

1. Cost of goods available for sale:

$1,500 + $4,500 + $9,100 = $15,100

2. Cost of goods sold

600 units at $9 $5,400

Total $5,400

3. Ending inventory

1,110 units at $9 $9,990

Total $9,990

6 0

3 years ago

ervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 4.5% charge on sales f

Kobotan [32]

Answer:

Preparation of the journal entry that Jervis should make on June 28 to record the deposit

Dr Cash ($5,800 - $261) $ $5,539

Dr Credit card expense ($5,800 X 4.5%) $ 261

Cr Sales $5,800

(5,539+261)

Explanation:

Since Jervis assesses a 4.5% charge on sales for using its card in which On June 28, he had $5,800 in NB Card credit sales this means we have to Debit Cash with $5,539 ($5,800 - $261) and as well Debit Credit card expense with $261 ($5,800 X 4.5%) while we Credit Sales with $5,800 (5,539+261)

5 0

3 years ago

If a manager is concerned about doing the work with the least cost and waste possible, then his or her primary managerial concer

marishachu [46]

If a manager is concerned about doing the work with the least cost and waste possible, then his or her primary managerial concern is effectiveness.

<h3>Management Functioning</h3>

A manager is somebody who can lead, direct and control tasks and individuals in their association without forcing their position.
In reality as we know it where a more casual working design is turning out to be progressively famous, a director needs to work with their group to accomplish bigger objectives.
Elements of the board are an extraordinary beginning stage to find your balance before you jump straight into your job as a manager.
Elements of the board assist you with remaining informed about what you want to do and in what way that you can direct your staff in like manner.
The board specialists like Fayol and Gulick clarify the elements of the executives for furnish yourself with the right abilities to turn into a cultivated administrator.

To learn more about Management functioning refer to:

brainly.com/question/15351742

5 0

2 years ago

Daniela is a 25% partner in the JRD Partnership. On January 1, JRD makes a proportionate distribution of $16,000 cash, inventory

ololo11 [35]

Answer: The answer is as follows:

Explanation:

Given that,

Cash = $16,000

Inventory = $16,000 fair value (inside basis $8,000)

Accounts receivable with a fair value = $8,000 (inside basis of $12,000) to Daniela

Daniela's basis = $20,000

JRD basis = cash + inventory + accounts receivables

= 16,000 + 2,000 + 2,000

=$20,000

Out of $20,000,

Pending amount for inventory and accounts receivable allocation:

= JRD basis - Cash basis

= $20,000 - $16,000

= $4,000

This pending amount is allocated equally among the inventory and accounts receivable i.e, $2,000 is allocated to inventory and $2,000 is allocated to accounts receivable.

8 0

3 years ago