Answer:
0.9
Explanation:
The formula to compute the four-firm concentration ratio is shown below:
= (Total firm sales of industry A) ÷ (Total firm sales of industry B)
where,
Total firm sales of industry A = $5 million + $2 million + $1 million + $1 million
= $9 million
And, the total firm sales of industry B would be
= $2.5 million × 4 firms
= $10 million
So, the ratio would be
= $9 million ÷ $10 million
= 0.9
You just add up all the numbers and you get the answer which is 23.60
Answer:
Partnership Business
Explanation:
Partnership business is a business enterprise owned, managed and financed by a minimum of two individuals for the purpose of making profit.
Grub Galore is owned by Bob and Rob which makes it a partnership business.
Advantages
1) Profit is shared by partners only.
2) It is financed by more than one person which makes capital more available.
3) Decision making is faster company to limited liability companies
Disadvantages
1) Loss is shared among partners only.
2) Death of one partner might lead to the end of the business.
3) Disagreement between partners might end the business.
Here are the four major needs:
Answer:
A) $2.50 per direct labor-hour
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
where,
Estimated manufacturing overhead = Rent on factory building + Depreciation on factory equipment + Indirect labor + Production Supervisor's salary
= $15,000 + $8,000 + $12,000 + $15,000
= $50,000
And, the estimated direct labor hours is 20,000
So, the rate is
= $50,000 ÷ 20,000
= $2.5 per direct labor-hour
