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Whitepunk [10]
3 years ago
13

The share of ________ by the top firms is known as the concentration ratio.

Business
1 answer:
Dominik [7]3 years ago
4 0
The share of markets by the top firms is known as the concentration ratio
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Tuscany Company estimated the following costs at the beginning of a particular year: Overhead $5,340,000 Direct labor cost $890,
solmaris [256]

Answer: $300,000

Explanation:

As overhead is applied on the basis of direct labor cost, the overhead rate for the period is:

= Overhead / Direct labor cost * 100%

= 5,340,000 / 890,000 * 100%

= 600%

If direct labor cost is $50,000 then overhead applied will be:

= Direct labor cost * Overhead rate

= 50,000 * 600%

= $300,000

7 0
3 years ago
For the Somerset Furniture Company described in Case Problem 10.1 in Chapter 10, determine the product lead time by developing a
m_a_m_a [10]

Answer:

Possible transportation modes are discussed below in detail.

Explanation:

• Purchase Request: 12 - 25 days

• Process buy request abroad: 10 - 20 days.

• Manufacturing process: 60 days

• Transport from plant to port: 1-14 days

• Paperwork: 5 - 10 days

• Wait for the container: 1 - 7 days*

• Load compartments: 3 - 6 days

• Ship days: 28 days

• Custom clearance: 7 – 14 days

• Warehouse transportation: 1-3 days

Delivery time is around 136 minimum days and  191  maximum days. Likewise,  the average delivery time is 163 days. Companies such as international trade specialist, trade logistics companies and Internet exchanges can help the company to reduce the delivery time by facilitating the trade channels. These intermediate channels can help to attain objectives in timely manner.

5 0
3 years ago
Government's role is to create and enforce laws that:
vazorg [7]

Answer:

Balance the relationship between business and society.

Explanation:

Government regulates both society and business.

The government regulates businesses to ensure that the activities of businesses are in the best interest of the society. This is why they regulate monopolies, tax companies that create negative externalities and subsidise the activities of companies that provide positive externality.

Government also has to look out for businesses by ensuring that the amenities and facilities needed for smooth running of business activities are in place. This is why a government may regulate import activities through quotas or tariffs.

I hope my answer helps you.

5 0
3 years ago
Buffy is engaging product users to create an exhaustive list of things that bother them when they use the product and how often
Luden [163]
What is your question? :)
7 0
3 years ago
For a single person, 0 allowances, who made $185 last week State withholding tax: $ Federal withholding tax: $
Goshia [24]

It should be noted that when an individual claims 0 on their tax, then such a person is having the largest amount that will be withheld from their paycheck.

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

Your information is incomplete as you didn't give enough information. Therefore, an overview of tax will be given. A tax is a compulsory levy that's paid to the government.

In a situation when an individual claims 0 on their tax, then such a person is having the largest amount that will be withheld from their paycheck for federal taxes.

When the goal of the person is to receive a larger tax refund, then it's best that the person claims 0.

Learn more about tax on:

brainly.com/question/25783927

4 0
2 years ago
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