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Lera25 [3.4K]
3 years ago
13

Five firms exist in the Liagiba industry. Their respective market shares are 35, 25, 15, 15, and 10 percent. Five firms exist in

the Haras industry. Their respective market shares are 35, 30, 25, 8, and 2 percent.
Required:
What is the Herfindahl index for the both industries?
Business
1 answer:
Lady bird [3.3K]3 years ago
5 0

Answer:

Liagiba industry = 2400

Haras industry = 2818

Explanation:

The HHI is calculated by squaring the market share of each firm in the industry.

Liagiba industry = 35² + 25² + 15² + 15² + 10² = 1225 + 625 +225 + 225 + 100 = 2400

Haras industry = 35² + 30² +25² + 8² + 2² = 1225 + 900 + 625 + 64 + 4 = 2818

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Managerial accounting information: Select one: a. follows GAAP in the reporting process. b. can be tailored to the needs of the
saveliy_v [14]

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b. can be tailored to the needs of the internal user.

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7 0
3 years ago
Theresa​ Corporation, which manufactures​ baskets, is developing direct labor standards. The basic direct labor rate is​ $21.00
wel

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Standard rate per direct labor hour is $27.1

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Balance Sheet Below are items that may appear on the balance sheet. Required: Match each item with its appropriate classificatio
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Answer:

Item                                                           Classification

1. Buildings                                             -  Property, plant, and equipment

 

2. Copyright                                           -  Intangible assets

3. Supplies                                             - Current assets

4. Unearned service revenue              - Current liabilities

5. Prepaid insurance                            - Current assets

6. Common stock                                 - Contributed capital

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8. Accounts receivable                        - Current assets

9. Allowance for doubtful accounts    - Retained earnings

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A. Current assets - Assets that exist for a period not exceeding 12 months such as supplies.

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C. Intangible assets - Assets that do not have a physical nature and are expected to be used for more than a year.

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F. Contributed capital - Capital raised by owners of the company excluding reserves attributed to them.

G. Retained earnings - Amounts set aside out of profits that are distributable to the shareholders of the company. Therefore Incomes and expenses are found here.

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