Answer:
94% and 2934
Explanation:
The computation of the four-firm concentration ratio for this industry is
= (Total four firms market shares in an industry ) ÷ (Total firm market shares in an industry)
= (45% + 22% + 17% + 10%) ÷ (45% + 22% + 17% + 10% + 6%)
= 94% ÷ 100%
= 94%
Now the Herfindahl Index is the sum of square of all firm market share
= 45^2 + 22^2 + 17^2 + 10^2 + 6^2
= 2934
A business partnership is a specific kind of legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners. A partnership is a business with multiple owners, each of whom has invested in the business.
Answer:
$44,592
Explanation:
The book value of a building = Cost Price - Accumulated Depreciation
= $(251,060 - 109,510)
= $141,550
The present value of the non-interest-bearing note due on January 1, 2023 (or Discounted Cash Flow) =
FV/(1+i)^t
= $241,060/(1+0.09)^3
= $241,060/1.29503
= $186,142
Gain on Sale of the building = $(186,142 - 141,550) = $44,592
Answer:
The firm willing to pay a worker chosen at random an amount of $38,000.
Explanation:
This can be calculated as follows:
Amount the firm is willing to pay = (40% × $50,000) + (60% × $30,000) = $20,000 + $18,000 = $38,000.
Therefore, the firm is willing to pay a worker chosen at random an amount of $38,000.
