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Novay_Z [31]
2 years ago
5

Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of al

l hamburgers sold): 27%, 26%, 22%, 12%, 7%, 4%, and 2%. What is the four-firm concentration ratio of the hamburger industry in this town?
Business
1 answer:
denpristay [2]2 years ago
4 0

Answer:

87%

Explanation:

The four firm concentration ratio calculates the concentration ratio of the 4 largest firms in an industry. This is done by adding the market share of the 4 largest firms

0.27 + 0.26 + 0.22 + 0.12 = 0.87

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Sheffield Corp. compiled the following financial information as of December 31, 2017:
kramer

Answer:

Explanation:.

3 0
3 years ago
A company's defined benefit pension plan had a PBO of $265,000 on January 1, 2018. During 2018, pension benefits paid were $40,0
anastassius [24]

Answer:

$331,500

Explanation:

The computation of the ending balance of the pension benefit obligation is shown below:

= Opening balance of PBO + service cost + interest cost - pension benefits

= $265,000 + $80,000 + $26,500 - $40,000

= $331,500

The computation of the interest cost is shown below:

= Opening balance of PBO × discount rate

= $265,000 × 10%

= $26,500

The increased value of the plan assets would be ignored.

4 0
3 years ago
Suppose a state lottery prize of $8 million is to be paid in 5 payments of $1,600,000 each at the end of each of the next 5 year
slavikrds [6]

Answer:

The answer is $5767641.92

Explanation:

PV of an Annuity = C x [ (1 – (1+i)-n) / i ]

PV of an Annuity = $1,600,000  x [ (1 – (1+0.12)-5) /0.12 ] = $5767641.92

The present value of the prize is $5767641.92

7 0
3 years ago
Pursuing multiple market segments at the same time is the best way to enter new markets. Group of answer choices True False
Archy [21]

It should be noted that pursuing multiple market segments at the same time is not the best way to enter new markets. Therefore, it's false.

<h3>What is a market?</h3>

A market simply means the coming together of a buyer and seller for transactions purpose.

In this case, pursuing multiple market segments at the same time is not the best way to enter new markets. One needs to have complete knowledge before entering a market.

Learn more about market on:

brainly.com/question/25754149

7 0
2 years ago
Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point below that PPF. Assuming that th
qaws [65]

Answer:

The correct answer is: a new law that interferes with economic efficiency.

Explanation:

A production possibilities frontier shows all the points where production is efficient. The resources are being completely employed. The points above the frontier are unattainable. The points below the frontier are attainable but inefficient.

If there is a movement from the frontier to a point below it. This means inefficient allocation of resources. It can happen because of some law interfering in efficient allocation of resources.

3 0
3 years ago
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