For personal finance course

N industry consists of three firms with sales of $360,000, $650,000, and $265,000.

Yanka [14]

These three together form total market, so here we have to add up everything to know volume of the market

A+B+C = 1,275,000 is the total market

Then we have to calculate individual market share

which would eb 1) 28.2%, 2) 50.9%, 3) 20.8%

This can be calcualated by simple percetage calculation. ( 1275000-360000/1275000*100)-100 will give what share each has.

Then we apply HHI formula

HHI = s1^2 + s2^2 + s3^2 + ... + sn^2

HHi is nothing but squaring of each of the percentages and adding them up

(28.2)2 +(50.9)2 +(20.8)2

812+2590+432 = 3834

HHI of 3834 shows it is highly competitve market.

5 0

3 years ago

The aggregate demand curve is downward sloping because production costs decline as real GDP increases. is upward sloping because

egoroff_w [7]

Answer: shows the amount of real GDP that will be demanded at each possible price level.

Explanation:

The Aggregate Demand curve shows how much of real GDP is demanded at each possible price level which means that is shows the effect of the price level on real GDP.

If the price level rises, real GDP will decrease and if the price level falls, real GDP rises. This is why the aggregate demand curve is downward sloping, to reflect this inverse relationship between real GDP and price level.

7 0

3 years ago

Mudvayne, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 11 years to maturity that is

ale4655 [162]

Answer:

3.56%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.

The NPER represents the time period.

Given that,

NPER = 11 × 2 = 22 years

Present value = $1,000 × 104% = $1,040

Future value = $1,000

PMT = 1,000 × 4% × (6 months ÷ 12 months) = $20

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the answer would be 3.56% ( 1.78 × 2)

7 0

3 years ago

Using multiple cost drivers on a flexible budget report will generally ______. Multiple choice question.

lutik1710 [3]

Using multiple cost drivers on a flexible budget report will generally make the budget accurate and effective.

<h3>What is flexible budget performance report?</h3>

A flexible budget performance report serves as one that make comparison between actual revenues and costs for a period.

There are some method used in estimating this report, but multiple cost drivers is an effective method to get an accurate report.

Learn more about flexible budget performance report at:

brainly.com/question/27201970

5 0

2 years ago

Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from Novemb

Sati [7]

Answer:

Part a.

Work In Process : Job 201 $64,200 (debit)

Work In Process : Job 202 $32,100 (debit)

Work In Process : Job 203 $25,350 (debit)

Work In Process : Job 204 $47,100 (debit)

Salaries Payable $168,750 (credit)

Part b.

Work In Process : Job 201 $94,160 (debit)

Work In Process : Job 202 $47,080 (debit)

Work In Process : Job 203 $37,180 (debit)

Work In Process : Job 204 $69,080 (debit)

Overheads $168,750 (credit)

Explanation:

Calculation of Labor Cost :

Job 201 = 4,280 hours × $15 = $64,200

Job 202 = 2,140 hours × $15 = $32,100

Job 203 = 1,690 hours × $15 = $25,350

Job 204 = 3,140 hours × $15 = $47,100

Application of overhead to jobs :

Job 201 = 4,280 hours × $22 = $94,160

Job 202 = 2,140 hours × $22 = $47,080

Job 203 = 1,690 hours × $22 = $37,180

Job 204 = 3,140 hours × $22 = $69,080

6 0

3 years ago