Answer:
Forey competes in a Monopolistic Industry.
Explanation:
An industry wit high degree of competition reflects either a perfectly competitive market structure or a monopolistic competitive one. The company in question operates in competition with many other firms in an industry where entry has been easier to allow many firms to enter and operate.
The four-firm concentration ratio and Herfindahl-Hirschman Index are small which suggests absence of concentration.
Rothschild Index for this industry is significantly greater than zero which indicates that this industry cannot be perfectly competitive.
Therefore, the market structure that best characterizes the industry in which Forey competes is a MONOPOLISTICALLY COMPETITIVE one.
The ratio of current assets to current liabilities is called Current ratio.
What is Current Ratio?
A liquidity ratio called the current ratio assesses a company's capacity to settle short-term debts or those that are due within a year. It explains to investors and analysts how a business can use its present assets to the fullest extent possible to pay down its current liabilities and other payables.
The current ratio enables investors to compare a company's financial performance to that of its peers and competitors on an equal footing and to learn more about a company's ability to pay down short-term debt with current assets. The difficulty of comparing the measure across industry groupings is one shortcoming of the current ratio.
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Answer: $47 million
Explanation:
Pension expense arises as a result of the amounts owed to employees in relation to pension liabilities.
It is calculated by;
= Service Cost + Interest expense - Expected return on plan assets + Amortization of prior service cost + Amortization of net loss
= 48 + ( 440 * 5%) - 23
= $47 million
Complete question :
Giselle used the table to predict the cost of one year of college.
Category
Estimated Cost 2017–2018
tuition
$12,450
room and board
$10,125
transportation
$2,600
books and fees
$2,250
other
$1,250
Giselle predicts that she will receive a grant for $4,000. If she has 4 years in which to save, what is the minimum monthly amount she should deposit in an interest bearing savings account to be able to pay her contribution for one year of college?
$400
$500
$600
$700
Answer: $600
Explanation:
Given the following college cost estimate:
Tuition - $12,450
room and board - $10,125
transportation - $2,600
books and fees - $2,250
other - $1,250
Total cost : Tuition + room and board + transportation + books and fees + others
$(12450 + 10125 + 2600 + 2250 + 1250) = $28,675
If Giselle has 4 years to save monthly ;
12 months = 1 year
(12 * 4) months = 4 years
48 months
Monthly saving = total cost / number of months
Monthly saving = $28,675 / 48
Monthly saving = $597.39583
= $ 600 (approximately)
Answer:
As of December 2019, the total amount of currency in the US economy was $1,700 billion, while total checkable deposits as of December 2019 was $2,300 billion.
Explanation:
Total M1 money supply in the US economy as of December 2019 was $4 trillion (as stated by the federal reserve)
M1 money supply includes checkable deposits, paper bills and coins (currency) and travelers' checks.