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sleet_krkn [62]
2 years ago
9

Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of al

l hamburgers sold): 23 percent, 22 percent, 18 percent, 12 percent, 11 percent, 8 percent, and 6 percent. Instructions: Enter your answers as a whole number. a. What is the four-firm concentration ratio of the hamburger industry in this town? percent b. What is the Herfindahl index for the hamburger industry in this town? c. If the top three sellers combine to form a single firm, what would happen to the four-firm concentration ratio and to the Herfindahl index? Four-firm concentration ratio = percent Herfindahl index =
Business
1 answer:
IgorC [24]2 years ago
8 0

Answer:

a= 75%

b= 1702

c= 94% , 4334

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yawa3891 [41]

Answer: $15,400

Explanation:

BEP = Fixed cost - depreciation/ sales - variable cost

BEP = 740,000 - (744,000/6)/($60 -$20)

BEP= $740,000-$124,000/$40

BEP = $616,000/$40

BEP =$15,400

8 0
3 years ago
Direct Method Question (2026, Current Period): 2026 2025 A/R 49,000 23,000 Prepaid Insurance 15,000 3,000 Salaries Payable 13,00
hammer [34]

Answer:

$49,000

Explanation:

Missing<em>"Cash Event => Cash Paid for Salaries Second Number => _____ __?___, ______ ______ ______"</em>

<em />

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Opening salaries payable                                  $5,000

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Less: Closing salaries payable                           <u>$13,000</u>

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4 0
3 years ago
What tax applies to investments and other personal property?
shusha [124]
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8 0
3 years ago
Read 2 more answers
On April 1, a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date. What amount
inn [45]

Answer:

$337.50

Explanation:

the premium on a three year policy = $1,350

premium per year = $1,350 / 3 = $450

premium per month = $450 / 12 = $37.50

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The journal entries should be:

April 1, purchase a 3 year insurance policy:

Dr Prepaid insurance 1,350

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Dr Insurance expense 337.50

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8 0
3 years ago
Keisha is buying John's house. The closing date (day belongs to seller) of the sale transaction is September 1 (day 244 of the y
SSSSS [86.1K]

Answer: $116.026

Explanation:

Given the following ;

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7 0
3 years ago
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