Answer:
Operating income $4300- option c
Explanation:
Selling Price per Unit. $6
variable cost per unit. $3
Contribution per unit. $(6-3) = $3
total number of sold units = 4000, therefore
Total contribution = 3 x 4000= 12000
fixed costs. $7700 per month
Operating income (profit). = (Total contribution -fixed costs)
= (12000 - 7700) = $4300
Answer:
374
Explanation:
Data provided in the question:
Market shares of top six firms
10%, 8%, 8%, 5%, 5%, and 4%
Market shares of 20 firms = 2%
Now,
Herfindahl index = ∑[(Market share percentage of each of firms)² ]
or
Herfindahl index
= ∑[(Market share of each of top six firms)² ] + [20 × (market share of each remaining firm)²]
Herfindahl index = (10)² + (8)² + (8)² + (5)² + (5)² + (4)² + [20 × (2)²]
or
Herfindahl index = 100 + 64 + 64 + 25 + 25 + 16 + 80
or
Herfindahl index = 374
The herfindahl index for this industry is 374.
Answer:
We estimate the material is bronze, which has a modulus E=120 GPa.
Explanation:
With the dimensions of the rod, the force applied and the maximum elongation, we can estimate E, the Young's modulus, which is a property of the material.
The Young's modulus measures the stiffness of a solid material, relating the force applied per unit of area and the elongation per unit of length.
Note: lb-force per square inch is equal to psi.
To estimate which material is, we have to look in a Young's modulus list of materials to look for one that has a E near 20.6 Mpsi (or 142 GPa).
The closest material is bronze, which has a modulus E=120 GPa.
Answer and Explanation:
a. The journal entries are shown below
Cost of goods sold ($354,700 - $331,550) $23,150
To Allowance for reduction in inventory to NRV $23,150
(Being allowance for reduction is recorded)
Allowance for reduction in inventory to NRV ($23,150 - ($413,510 - $394,540)) $4,180
To Cost of good sold $4,180
(being recording of the previous loss)
These two entries should be recorded at LCNRV method
<span>If a firm has an incentive to increase supply now and decrease supply in the future, then the firm expects that the prices for the firm's product will be lower than the prices that have been set in the present. In the present case as the supply is increased, the prices are higher as the demand is higher. Then at later point of time when the supply is decreased, then demand also decreased, then the prices are likely to come down.</span>