Answer:
$1,000
Explanation:
We know that
Total cost = Fixed cost + Variable cost
From the data given, we can calculate the variable cost using the high-low technique.
Variable cost per unit
=
=$15
Lease cost = FC + $15(Machine hours)
Lease cost -$15(Machine hours) = FC
Case,
i) 800 machine hours,
FC = Lease cost - $15(Machine hours)
= $16,000 -$15(1000) = $1,000
An oligopoly is a market form in which a market is dominated by a small number of sellers. For example, as of fourth quarter 2008, Verizon, AT&T, Sprint, and T-Mobile together control 97% of the US cellular phone market. Competition is limited in an oligopoly because barriers to entry are high.The most important barriers are government licenses, economies of scale, patents, access to expensive and complex technology, and strategic actions by incumbent firms designed to discourage or destroy nascent firms.
Answer:
Explanation:
The journal entry is shown below:
Allowance for Doubtful Accounts A/c Dr $10,200
To Account receivable A/c - Oakley Co $2,600
To Account receivable A/c - Brookes Co $7,600
(Being the written off amount is recorded)
Simply we debited the allowance for the doubtful account and credited the account receivable account
Answer:
The increase in yield to maturity from 5.5% to 7% will cause the price of the bond to fall from $ 1,057.46 to $ 972.70
Explanation:
In order to ascertain the impact on the bond of a sudden increase in the yield to maturity from 5.5% to 7%, the present value of the bond, the current price is computed using yield of maturity of 5.5% and 7% respectively.
In calculating the present value, a discounting factor is used to state today's value of the future cash flows from the bond, given as 1/(1+r)^N, where r is the yield to maturity divided by 2 , in order to show that the bond is a semi-annual interest paying bond.The fact that the bond is a semiannual one means interest would be paid 14 times( 7 years *2)
The present value is computed in the attached.
Answer:
Countries by and large use export appropriations to build up their specific industry particularly the one where they believe they have a similar favourable position. The instance of Japan is the same since it likewise utilized appropriations to its recently created microchip industry which was not being grown anyplace else on the planet. A specific mechanical approach is a fruitful when the modern development is expanded and the business generally turns into a develop one because of exchange and rivalry.
Another important condition for the mechanical arrangement to be effective is that the business can create benefits in the territory in which the nation has a relative bit of leeway. Japan experienced development of its microchip industry so the primary condition was satisfied however the last condition was not on the grounds that different nations on the planet began utilizing microchip as a ware that drastically marked down its cost and expanded rivalry so the endeavour stayed a low benefit one. This suggests the legislature must have adequate data about the Industry that it will build the benefit of the segment wherein the nation has a relative favourable position.