Answer:
option D) While managers must understand how output prices are determined, determination of input prices is irrelevant because it is beyond the manager's control.
Explanation:
A price system is simply defined as a part of any economic system. It uses prices usually expressed in monetary form for goods and services valuation and distribution and also the factors of production.
A Pricing Manager helps to determine pricing schemes for firms products and services. The scope of work entailss co-ordination with production departments on cost of making and working with staff in marketing especially on appropriate campaigns and promotions and also they assist with pricing bargaining of customers intent.
Price Determination is getting or deriving the cost of goods sold and services offered/ rendered in the free market. The forces of demand and supply always determine the prices of goods and services in the market system.
Answer:
The value of the firm is $16,949
Explanation:
Value of the firm is the firm's economic value at a particular time. Winter Wear Company's value will be calculated by:
= 
+ (Tax rate * Debt) =
Here given are,
EBIT = $3,800
Tax Rate = 35%
Unlevered Cost of Capital = 15.4%
Debt = $2,600
= 
+ (0.35 x $2,600)
= $16,039 + $ 910
= $16,949
Answer:
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Explanation:
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Answer:
Amount 1,020.15
Explanation:
Principal 1,000.00
time 4.00 ( 4 quarter per year)
rate 0.00500 (2% annual divided into 4 parts)
Amount 1,020.15
The total amount of the savings account will be of 1,020.15
Answer:
C. There may be economic profits in the short run, but not in the long run.
Explanation:
Perfect Competition is a market structure with very large no of buyers & sellers, transacting homogeneous products, at same price (firms 'price taker') & inelastic demand, with free entry & exit into industry.
Economic profit is the profit earned above normal profit - covering revenues over explicit & implicit costs, necessary to continue business operations.
Free entry & exit into Perfect Competition Industry makes them earn only normal profits - no super normal (economic) profit , abnormal loss in long run
Short Run Economic Profits : Induces new firms entry and supply increases, reducing the industry & firms' price. This reduces their profit & resumes back the normal profits.
Similarly - Short Run Abnormal Losses : Induce existing firms exit, will reduce supply, increase price & profit, resume back to normal profits.
