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Leya [2.2K]
3 years ago
14

Eonomic profits result whenever only a few large competitors are active in a given market. discuss this statement

Business
1 answer:
sveticcg [70]3 years ago
6 0

Answer:

Profits are a result of less competition.

Explanation:

The statement explains the possibility of profits when there are less competition in the market. Few large competition is the term used to define the less competition.

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Adah works in logistics for a manufacturing firm and manages inventories. Her managers want the organization to be more lean, bu
Alex787 [66]

The reorder point for Adah's Logistics Company is <u>60 units</u>.

<h3>What is the reorder point?</h3>

The reorder point (ROP) is the specific level at which stock needs to be replenished to avoid customer dissatisfaction while achieving inventory leanness.

In other words, the reorder point is the point at which orders can be placed to replenish stock without encountering a stockout or overstocking.

The calculation of the reorder point is to multiply the average daily usage rate by the lead time in days, plus safety stock.

Data and Calculations:

Usage rate per day = 10 units

Lead time = 5 days

Safety stock = 10 units

Reorder point = 60 (10 x 5 + 10)

Thus, the reorder point for Adah's Logistics Company is <u>60 units</u>.

Learn more about reorder points at brainly.com/question/18914985

4 0
3 years ago
Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cos
Dafna11 [192]

Answer:

$1.75 and $4,500

Explanation:

The computation of the fixed cost and the variable cost per unit by using high low method is shown below:

Variable cost per unit = (High total cost - low total cost) ÷ (High unit produced - low unit produced)

= ($74,500 - $36,000) ÷ (40,000 units - 18,000 units )

= $38,500 ÷ 22,000 units

= $1.75 per unit

Now the fixed cost equal to

= High total cost - (High units produced × Variable cost per unit)

= $74,500  - (40,000 units × $1.75)

= $74,500 - $70,000

= $4,500

We simply applied the above formulas

7 0
3 years ago
Transactions are posted into ledger account from ---
BaLLatris [955]

Answer:

The correct answer is "Journal entries passed in the journal".

Explanation:

  • Posting throughout ledger has always been decided to make from transactions throughout the journal passed across.
  • This becomes important to keep in mind that almost every entrance in something like a journal would also have to be commented on among all transactions debited or otherwise given credit throughout the entry to something like the journal.
8 0
3 years ago
How to do a research paper?
saw5 [17]
Choose a topic.
Read and keep records.
Form a thesis.
Create a mind map or outline.
Read again.
Rethink your thesis.
Draft the body.
Revise.
5 0
3 years ago
Read 2 more answers
Mr. Jackson just turned 65. He has been seeing the same general practitioner for annual check ups for the past 15 years . Like t
Tju [1.3M]

Answer:

Medicare will only cover a one-time “Welcome to Medicare” wellness visit.

5 0
3 years ago
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