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3 years ago

Products produced in a competitive market are

Business

1 answer:

belka [17]3 years ago

7 0

Answer:

Standardized

Explanation:

Firms that are purely competitive provide a standardised (same or homogenous) product. Consumers will be unconcerned about whose vendor they acquire the goods from as long as the pricing is the same.

Monopolistically competitive companies make a typical profit in the long run since entrance into the market is easy. The sort of goods supplied distinguishes oligopoly from perfect competition.

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Applying ExcelData Unit sales 10,000 unitsSelling price per unit $70 per unitVariable expenses per unit $42 per unitFixed expens

katovenus [111]

Answer:

Please see solution below

Explanation:

a. Break even in dollar sales

= [ Fixed cost / Contribution margin ] × Selling price per unit

Fixed cost = $140,000

Selling price per unit = $70

Variable expenses per unit = $42

BEP in dollars = [$140,000 / $70 - $42] × $70

= $350,000

b. Margin of safety percentage

= [ Current sales level - Break even point / Current sales level ] × 100

Current sales level = 10,000 units

Break even point = Fixed cost / Contribution margin

= $140,000 / $70 - $42

= 5,000 units

Margin of safety = [10,000 - 5,0000/10,000 ] × 100

= 50%

C. Degree of operating leverage.

= Contribution margin / Net operating income

Contribution margin = $70 - $42 = $28

Net operating income

Sales ($70 × 10,000)

$700,000

Less Variable cost ($42 × 10,000)

$420,000

Contribution margin

$280,000

Less Fixed cost

$140,000

Net operating income

$140,000

Degree of operating leverage = $280,000 / $140,000

= 20%

D. Percentage in net income

Sales ($70 × 12,000)

$840,000

Less variable cost

$420,000

Contribution margin

$420,000

Less fixed cost

$140,000

Net operating income

$280,000

Percentage change in net income

= [$140,000 / $280,000] × 100

= 50%

6 0

4 years ago

Financial managers must know how to interpret a company's financial statements in order to Multiple select question. effectively

RideAnS [48]

Financial Managers must know how to interpret a company's financial statements to effectively allocate the firm's financial resources and generate the best return possible for the company in the long run.

<h3>Financial Managers</h3>

They analyze the company's finances and report on the finding to their senior managers to maximize profits. Their role mainly includes:

Prepare financial reports

Review financial information

Analyze market position for growth purposes

As with enhancement in technology, financial manager's role is mainly shifted from preparations of reports to analysis and determine the best possible ways for companies to expand.

<h3>Multiple Selections</h3>

Keeping in view the above points mentioned, the financial managers cannot recruit suitable candidates not setting the price of the company's product is their duty. Therefore, these points are invalid.

However, their roles do include allocating the firm's financial resources and generating the best returns for the company to grow in the long run.

Learn more on Financial Managers here: brainly.com/question/1305901

7 0

2 years ago

Brie just created the blueprint of a deck using her computer software. She then sent the design to Gunther, who estimated the to

Dennis_Churaev [7]

Answer:

The answer is "D" just took the test

Explanation:

7 0

3 years ago

Read 2 more answers

Wet for the Summer, Inc., manufactures filters for swimming pools. The company is deciding whether to implement a new technology

lubasha [3.4K]

Answer:

$131,283

Explanation:

Upstate Price = Present Value of Cash Flows if Demand is High / Value of Project = $14.3 million / $12.9 million = 1.10853

Downstate Price = Present Value of Cash Flows if Demand is Low / Value of Project = $8 million / $12.9 million = 0.62016

<em>Now, the computation of Probability of Demand being High</em>

Risk Free Rate = (Probability of Rise) * (U-1) + (1 - Probability of Rise) * (d-1)

0.06 = (Probability of Rise) * (1.10853 - 1) + (1 - Probability of Rise) * (0.62016 - 1)

0.06 = (Probability of Rise) * 0.10853 + (1 - Probability of Rise)*(-0.37984)

0.06 = 0.10853 Probability of Rise + 0.37984 Probability of Rise - 0.37984

0.06 + 0.37984 = 0.10853 Probability of Rise + 0.37984 Probability of Rise

0.43984 = 0.10853 + 0.37984 Probability of Rise

0.43984 = 0.48837 Probability of Rise

Probability of Rise = 0.43984 / 0.48837

Probability of Rise = 0.9006286217417122

Probability of Rise = 0.9006

Probability of Fall = 1 - 0.9006

Probability of Fall = 0.0994

Value of the option to abandon = Probability of Fall * (Selling Price - Cash Flow if Demand is Low)/(1 + Risk Free rate)

Value of the option to abandon = 0.0994 * ($9,400,000-$8,000,000) / (1 + 0.06)

Value of the option to abandon = 0.0994 * $1,400,000/1.06

Value of the option to abandon = $139,160 / 1.06

Value of the option to abandon = $131283.0188679245

Value of the option to abandon = $131,283

4 0

3 years ago

Outside the large cluster of mon-khmer speakers in vietnam, laos, cambodia, and thailand, in which of these places are mon-khmer

NARA [144]

Answer:

Malaysia

Explanation:

Outside the large cluster of mon-khmer speakers in vietnam, laos, cambodia, and thailand, mon-khmer speakers found in Malaysia.

Semai also known as the Engrok Semai is a Mon-Khmer language of western Malaysia.

8 0

4 years ago