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3 years ago

The Open Grill incurred the following costs in acquiring a new piece of land:

Business

1 answer:

elixir [45]3 years ago

6 0

Answer:

b. $100,800.

Explanation:

Calculation for the total recorded cost of the land

Cost of the land $ 80,000

Add Commissions $4,800

Add Cost of removing existing building $20,000

Less Sale of salvaged materials ($4,000 )

Total recorded cost of land $100,800

Therefore the total recorded cost of the land will be $100,800

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Price discrimination is the practice of charging different prices for the same product that are not justified by cost difference

Sergeu [11.5K]

Answer:

<h2>Because firms in a perfectly competitive market does not have any price making ability or market power,they are not able to engage in any price discrimination.Hence,the correct answer is the last option or True,because perfectly competitive firms have no market power.</h2>

Explanation:

In Microeconomics,perfectly competitive markets are characterized by many buyers and sellers in which the sellers and firms usually sell homogeneous or identical products.Now,as there are many firms in the market and no barriers to entry for new firms into the market,the market competition or rivalry is high and hence,no single firm has the ability to determine and manipulate the market price according to their own economic advantage because if any firm tries to do so,it will loose significant market share as most customers would move to other sellers/firms charging lower price or regular market price.Therefore,the market price is fixed in the perfectly competitive market as the firms do not have price making or market power.Consequently,they are not able to charge different prices to different customers according to their maximum willingness to pay or differences in price preferences.

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3 years ago

Betty and Barbara own a business called Betsy. They each invest $30,000 into their business. The concept of owner’s investment i

dem82 [27]

Answer:

Explanation:

7 0

3 years ago

Suppose the elasticity of demand for cereal is 1. if cereal increases in price by 25 percent, how much will the quantity demande

notka56 [123]

25 percent is the answer

3 0

3 years ago

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A local county is considering purchasing some dump trucks for the trash pickups. Each truck will cost $55,000 and have an operat

lianna [129]

Answer:

35,972

Explanation:

The equivalent annual cost can be calculated dividing NPV by the annuity factor

In order to find NPV first

Year1 Year2 Year3 Year4 Year5 Total

Operating and

Maintenance 18000 21000 24000 27000 30000 -

Discount factor(10%) 0.909 0.826 0.751 0.683 0.620 -

Discounted CFs 16362 17346 18024 18411 18600 88,713

Salvage 12000

Discount factor(10%) 0.620

Discounted salvage 7440 (7440)

Inital Cost (55,000) (55,000)

NPV 136,333

Calculation for EAC

NPV = 136,333

Annuity factor for 5 years = 3.790

Equivalent annual cost = NPV /Annuity factor

Equivalent annual cost = 136,333/3.790

Equivalent annual cost = 35,972

8 0

3 years ago

Proctor and Gamble is the master of forming and re-forming teams for new product launches. The teams pull expertise from various

Crank

Answer:

These teams are both cross functional and project teams.

Explanation:

Cross functional team comprises of group of people who have different functional expertise and come from various aspects of organization.

These people come from different departments of the organization and work for a common goal.

Organizations often form cross-functional team for a short period for specific projects.

Here, this team is formed for the project of product launch so it is an example of cross functional project team.

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3 years ago

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