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3 years ago

Use the graph for a competitive market ti answer the question below

Business

1 answer:

Svetlanka [38]3 years ago

3 0

Answer:

$3.25

Explanation:

The new price for cigarettes will be the intersection point between the demand curves and the new supply curve.

Assuming S1 is the old supply curve without taxes and the new supply curve is S2 with taxes. The new price is the intersection of S2 and the demand curve, which is at $3.25.

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Kleen Company acquired patent rights on January 10 of Year 1 for $857,700. The patent has a useful life equal to its legal life

Sidana [21]

Answer:

a. Amortization expense for Year 4=$572,062.5/5=$114,412.50

b. Adjusting entry to be recorded in respect of amortization as at December 31, Year 4:

Debit Credit

Amortization expense $114,412.50

Accumulated amortization $114,412.50

Explanation:

Cost of patent right at Year 1= $857,700

Less:Accumulated amortization for three years=($321,637.5)

($857,700/8)*3

Net book value of patent rights on January 7, year 4=$536,062.5

Add: Cost to defend lawsuit related to patent right = $36,000

Total cost at start of Year 4=$572,062.5

a. Amortization expense for Year 4=$572,062.5/5=$114,412.50

b. Adjusting entry to be recorded in respect of amortization as at December 31, Year 4:

Debit Credit

Amortization expense $114,412.50

Accumulated amortization $114,412.50

8 0

3 years ago

The produces computers and sells them to . At the same time produces cars and sells them to the . Suppose there is an appreciati

Elanso [62]

Correct/Complete Question:

The United States produces computers and sells them to Russia. At the same time, Russia produces cars and sells them to the United States. Suppose there is an appreciation in the dollar. This will cause:

Answer:

increase in imports into the United States and decrease in exports to Russia will occur, which will cause a decrease in aggregate demand and real GDP

Explanation:

Aggregate demand is the total demand for a good or service in an economy at a given time. Real GDP on the other hand can be defined as an inflated value of goods and services in an economy at a certain period of time. An inflation of the dollar will increase imports into the united states as it would decrease the exports to Russia. This because the appreciation of the dollar will affect the prices of both computers and cars. And as such will

6 0

3 years ago

Which two forms of financial aid require the student to bear the costs of college education??

Oxana [17]

The two forms of financial aid that is required for a student to bear the cost of college education are the following; direct loans and work study programs. It is because direct loans can help a student to provide money that they could lend and be paid off based on the time period it provides while work study program assist students in means of providing money for the student in which in return, they should work for them with no money to be paid for them.

5 0

3 years ago

Firms might be tempted to cheat on the collusive agreement because each firm could achieve multiple choice 8 increased sales. hi

blagie [28]

Through price collusion, each firm would achieve higher profits.

When competing businesses agree to cooperate, such as by raising prices in order to increase profits, this is called collusion. Collusion is a strategy used by businesses to increase profits at the expense of customers and lowers market competition.

Lower consumer surplus, higher prices, and more profits for the colluding businesses are the results of collusion. It may enable oligopolists to exercise monopoly power and increase their group earnings. In an oligopoly, businesses have a strong incentive to work together.

Collusion may be a tactic used in times of unproductive economic circumstances to try and rescue the industry and save companies from going out of business, which would not be for the long-term benefit of consumers.

To learn more about collusion

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6 0

2 years ago

Production records show that there were 440 units in the beginning inventory, 30% complete, 1,440 units started, and 1,600 units

Nimfa-mama [501]

Answer and Explanation:

The computation is shown below:

a. The number of units processed is

= Beginning work in process units + completed and started units - transferred out units

= 440 units + 1,440 units - 1,600 units

= 280 units

b. The material cost per unit is

= Total cost ÷ equivalent units

where,

Total cost is

= Opening work in process + material cost

= $2,220 + $6,610

= $8,830

And, the equivalent units is

= Units transferred out + ending work in process

= 1,600 + 280

= 1,880

So, the material cost per unit is

= $8,830 ÷ 1,880 units

= $4.70

c. The conversion cost per unit is

= Total cost ÷ equivalent units

where,

Total cost is

= Opening work in process + labor cost + overhead cost

= $1,720 + $4,800 + $1,300

= $7,820

And, the equivalent units is

= Units transferred out + ending work in process × completion percentage

= 1,600 + 280 × 40%

= 1,712

So, the material cost per unit is

= $7,820 ÷ 1,712 units

= $4.57

8 0

3 years ago