Answer:
The importance of stocktaking is clear. It allows you to regularly monitor and increase gross profit, reduce loss, improve control of allowances, and reduce waste
Explanation:
Answer:
6.7590
Explanation:
Present value annuity factor for annuity due = 1 + Present value annuity factor for ordinary annuity - PVF(10%, 10 years)
Present value annuity factor for annuity due = 1 + 6.1446 - 0.3856
Present value annuity factor for annuity due = 7.1446- 0.3856
Present value annuity factor for annuity due = 6.7590
Answer:
gross profit ratio = gross profit / net sales = $1,126,000 / $3,086,000 = 36.49%
return on assets = net income / total assets = $139,000 / $946,000 = 14.69%
profit margin = net income / net sales = $139,000 / $3,086,000 = 4.5%
asset turnover = net sales / average total assets = $3,086,000 / [($946,000 + $794,200) / 2] = 3.55 times
return on equity = net income / shareholders' equity = $139,000 / $547,000 = 25.41%
price earnings ratio = current sock price / earnings per share = $28.30 / $1.40 = 20.21 times
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Explanation:
Answer:
1.
c. Many
d. Differential
c. Monopolistic Competition
2
b. Few
c. Identical
a. Oligopoly
3
a. One
a. Unique
d. Monopoly
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms.
An example of a monopoly is a utility company
It is only the drug company that is permitted to sell the drug. So, it is the only firm in the industry. Also, it is the only firm that offers experimental AIDS drug, so its product is unique.
An Oligopoly is when there are few large firms operating in an industry. In the cab industry, it is a duopoly that exists. This is a type of oligopoly where there are only two firms in the industry. Consumers do not care about the cabs they enter or the different services offered by the companies, so, the product is identical