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3 years ago

The demand curve faced by a monopolistically competitive firm:

Business

1 answer:

Salsk061 [2.6K]3 years ago

8 0

Answer:

a. is more elastic than the monopolist's demand curve.

Explanation:

The correct option is a as of less control over the market price as compared to the monopolist

As the monopolist is the only seller in the market and the price maker too but the same is not happen with the monopolistic firm

Therefore the consumers would rise or decreased the demand as per the price

Hence, the correct option is a.

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The management team at mercury, a department store, has received feedback from the customer service department that the store s

vampirchik [111]

The store would be conducting primary research because this is original research and data collection. You are going to be the person who obtains this raw data directly and it will be collected specifically for your current research need.

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3 years ago

Read 2 more answers

Simplex Healthcare had net income of $5,411,623 after paying taxes at 34 percent. The firm had revenues of $20,433,770.Its inter

Agata [3.3K]

Answer:

$9,032,853

Explanation:

Given:

Net income = $5,411,623

Taxes rate = 34% = 0.34

Revenues = $20,433,770

Interest expense for the year = $1,122,376

Depreciation expense = $2,079,112

Now,

Earnings before taxes (EBT) = $\frac{\textup{Net income}}{\textup{1-tax rate}}$

Earnings before taxes (EBT) = $\frac{\textup{5,411,623}}{\textup{1-0.34}}$

Earnings before taxes (EBT) = $8,199,428.78

EBIT = Earnings before taxes + Interest expenses

EBIT = $8,199,428.78 + $1,122,376

EBIT = $9,321,804.78

EBITDA = EBIT + Depreciation expense

EBITDA = $9,321,804.78 + $2,079,112

EBITDA = $11,400,916.78

Therefore,

The operating expenses = Revenue - EBITDA

The operating expenses = $20,433,770 - $11,400,916.78

The operating expenses = $9,032,853.22 ≈ $9,032,853

3 0

4 years ago

why might a company decide to outsource (i.e., buy) a product that they currently make in their company-owned operations?

mestny [16]

Companies outsource to save costs or improve the value of their goods. There are several options when deciding whether to outsource a business' operations or production.

The use of outsourcing has increased as a way for businesses to cut expenses and concentrate on what they do best. A business precise known as outsourcing involves a corporation hiring a third party to carry out duties, manage operations, or offer services on their behalf.

Reduce and manage operating expenses. Enhance the company's focus. liberate internal resources for fresh endeavors. Increase output for some time-consuming tasks for which the organization may lack the resources.

The finest examples of outsourcing include website creation, office and warehouse cleaning, and advertising.

To learn more about outsourcing

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2 years ago

A good process should __________ and remove the inflexibility of a defined procedure of operation.

pickupchik [31]

A good process should<u> facilitate the adaptability</u> and remove the inflexibility of a defined procedure of operation.

Answer: Option 1.

<u>Explanation:</u>

A good process is the one which does not remain the same forever. It should have facilities for accepting the changes where ever they are needed. The changes should be done with time.

A good process should not be inflexible and it should be flexible. The flexibility only should make it adaptable to the changes over a period of time for more development.

4 0

3 years ago

A. On April 1, the company hired an attorney for a flat monthly fee of $2,500. Payment for April legal services was made by the

Crazy boy [7]

Answer:

A. Apr 30

Dr Legal fees expense 2,500

Cr Legal fees payable 2,500

May 12

Dr Legal fees payable 2,500

Cr Cash 2,500

B. Apr 30

Dr Interest expense 2,175

Cr Interest payable 2,175

May 20

Dr Interest expense 4,350

Dr Interest payable 2,175

Cr Cash 6,525

C. Apr 30

Dr Salaries expense 5,600

Cr Salaries payable 5,600

May 03

Dr Salaries expense 8,400

Dr Salaries payable 5,600

Cr Cash 14,000

Explanation

Preparation of the adjusting entry for both April 30 and the subsequent entry during May to record the payment of the accrued expenses.

A. Apr 30

Dr Legal fees expense 2,500

Cr Legal fees payable 2,500

May 12

Dr Legal fees payable 2,500

Cr Cash 2,500

B. Apr 30

Dr Interest expense 2,175

Cr Interest payable 2,175

May 20

Dr Interest expense 4,350

(6,525-2,175)

Dr Interest payable 2,175

Cr Cash 6,525

C. Apr 30

Dr Salaries expense 5,600

(14,000*2/5)

Cr Salaries payable 5,600

May 03

Dr Salaries expense 8,400

(14,000*3/5)

Dr Salaries payable 5,600

(14,000*2/5)

Cr Cash 14,000

4 0

3 years ago