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neonofarm [45]
3 years ago
6

An industry consists of three firms with sales of $250,000, $825,000, and $315,000. a. Calculate the Herfindahl-Hirschman index

(HHI).
Business
1 answer:
Blizzard [7]3 years ago
6 0

Answer:

the HHI index is $4,360

Explanation:

The computation of the HHI index is shown below:

= 10,000 × ($250,000 ÷ $1,390,000) ^2 + ($825,000 ÷ $1,390,000)^2 + ($315,000 ÷ $1,390,000)^2

= 10,000 × (0.032 + 0.352 + 0.051)

= $4,360

hence, the HHI index is $4,360

The $1,390,000 is the total of all three firms

And, the HHI index value is lied between from 0 to 10,000

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A company's beginning Work in Process inventory consisted of 37,000 units that were 90% complete with respect to direct labor. A
pychu [463]

Answer:

128,000 units

Explanation:

The calculation of the equivalent units of production using the weighted average method is given below:

= Total units of finished goods × completion percentage + ending work in process units × completion percentage

= 107,000 units × 100% + 42,000 units × 50%

= 107,000 units + 21,000 units

= 128,000 units

Hence, the equivalent units of production of direct labor is 128,000 units.

8 0
2 years ago
Kohlman Company began its operations on March 31 of the current year. Projected purchases for the first three months of business
bulgar [2K]

Answer:

c. $146,400 and 206,560.

Explanation:

Monthly Purchases are as follows;

April =$156,800

May= $195,200

June= $217,600

Since Admin expenses are paid every month,

April =$28,800

May = $28,800

June =$28,800

75% of April purchases will be paid in April . Use these to calculate the payments;

Pmts

April = 75%* $156,800 = $117,600

add Admin expenses to find total cash payments;

APRIL = $117,600+ $28,800 = $146,400

In May,20% of April purchases will be paid ,  75% of  May purchases will also be paid plus admin expenses. Use these to calculate the payments;

May= (20%* $156,800) + (75% * $195,200) + $28,800

MAY = 31360 +146400 +28800 = $206,560

7 0
3 years ago
Senior managers engage in ______ when they structure the organizational relationships to work cooperatively to achieve goals.
Nikitich [7]

The thing which senior managers engage in when they structure the organizational relationships to work cooperatively to achieve goals is:

  • Efficiency and Effectiveness.

<h3>What is Efficiency?</h3>

This refers to the ability to perform a task or tasks quickly, accurately and with minimal error.

With this in mind, we can see that when senior managers prioritize <em>efficiency and effectiveness</em> in their organizational structure, then they would easily accomplish goals.

Read more about efficiency here:
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4 0
2 years ago
When a firm grants licenses internationally, it is giving foreign companies access to its:?
scoundrel [369]
<span>When a firm grants licenses internationally, it is giving foreign companies access to its trademarks, </span>technology and patents. Having your licenses and business become international is a huge gain for most businesses. When items go international, they have a larger market they can sell their products too, but there are also some risk to it as well. Allowing the foreign countries and companies to see how your products work inside and out benefit them while bringing in more profit to the international licensee. 
4 0
3 years ago
Consider the following scenario. Two friends, Rachel and Joey, enjoy baking bread and making apple pies. Rachel takes two hours
Brut [27]

Answer: Rachel should produce pie and Joey should produce bread.

Explanation:

Rachel can make 1 loaf of bread in 2 hours and 1 pie in 1 hour. Therefore, Rachel can take less time to produce 1 pie as compared to 1 loaf of bread, as a result she should produce pie.

Joey can make 1 loaf of bread in 4 hours and 1 pie in 4 hours. Therefore, Joey can take same time for producing either pie or bread. But he has only one option to produce bread.

So, Rachel is specialized in producing pie and Joey is specialized in producing bread in order to maximize their combined output.

8 0
3 years ago
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