How does monpolistic competition differ from pure competition in its basic chartcerisitcis from pure emonopoly?

Normal profit is the return to the entrepreneur when economic profits are zero. determined by subtracting implicit costs from to

diamong [38]

Normal profit is the return to the entrepreneur when the entire economic profits are equal to zero. Hence, the correct statement is Option A.

<h3>When the business earns normal profits?</h3>

A commercial enterprise may be in a state of normal profit while its economic income is equal to 0, that is why normal profit is also called “zero economic profit.” Normal profit takes place on the factor wherein all sources are being successfully used and could not be put to better use elsewhere.

Hence, Normal profit is the return to the entrepreneur when the entire economic profits are equal to zero. The correct statement is Option A.

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5 0

2 years ago

On September 11, 2016, Home Store sells a mower for $450 with a one-year warranty that covers parts. Warranty expense is estimat

xeze [42]

Answer:

Date Accounts Titles and Explanations Debit Credit

Sept, 11 Cash $450

2016 Sales $450

(To record the Cash Sales)

Sept, 11 Warranty Expenses $40.50

2016 ($450 x 9%)

Estimated Warranty Payable $40.50

(To record the Warranty Expenses)

July, 24 Estimated Warranty Payable $32

2017 Repairs Parts Inventory $32

(To record the material taken from Inventory)

6 0

4 years ago

A company began developing computer software to be sold as a separate product on January 1, year 1. During the planning, coding,

svetlana [45]

Answer:

The sofware-relate cost to capitalized will be 1,300,000

Explanation:

<u>The cost than a business can capitalize will stop once the testing phase is complete.</u>

The production cost, are cost of the period. It will not be capitalize through intangible asset software.

<u>Post-implementation.</u> The cost after the implementation of the software will be treated as expenses. The 275,000 maintenance and customer support will not be capitalized. It will be treated as expense

<u></u>

The software amount will be 1,300,000 which is the value of the cost incurred in the testing phases

7 0

3 years ago

1. Keira’s Kitchen Company presented the following data: Net Income $2,500,000 Preferred Stock, 50,000 shares outstanding, $100

GarryVolchara [31]

Answer:

Earnings Per Share (EPS) = $1.18

Explanation:

We know,

Earnings Per Share (EPS) = $\frac{Net Income - Preferred Dividend}{No. of shares outstanding}$

Here,

Net Income = $2,500,000

Preferred Dividend = Total preferred stock in dollar x cost of preferred stock

Preferred Dividend = $5,000,000 x 8% = $400,000

No. of shares outstanding table is shown below (Weighted):

Shares outstanding + Additional shares - Treasury stock =

[750,000 x stock split] + [300,000 x (8/12) x stock split] - [150,000 x (5/12) x stock split]

= (750,000 x 2) + (200,000 x 2) - (62,500 x 2)

= 1,500,000 + 400,000 - 125,000

= 1,775,000

Now, EPS = $\frac{2,500,000 - 400,000}{1,775,000}$

EPS = 1.18 (rounded to 2 decimal places)

<em>Note:</em> 1. As, there is a stock split of 2-for-1, that's why we multiply the stock by 2.

2. Since additional shares are issued on 1st May, therefore, the weight from May to December is for 8 months. Repurchased or Treasury stock should be removed from number of shares.

7 0

3 years ago

Blasterhoff, Inc. is a company that makes cannons for blasting off fireworks. In order to build their business they brought in a

Paha777 [63]

Answer:

The next step would be to take action on the discovered research

Explanation:

The company hired the marketing researcher so the first step which is taken by the researcher is to conduct research, fetch the data from the researched data which is already been carried out by them. After fetching the data, a plan is to be created which is also already been carried out. Then the next step after all this would to take action or put into action the plan or the discovered research.

7 0

3 years ago