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ipn [44]
3 years ago
9

What characteristic is somewhat shared by perfect competition and

Business
1 answer:
kakasveta [241]3 years ago
8 0

Answer:

Ease of entering

Explanation:

The main difference between perfect competition and monopolistic competition is that firms sell a similar product in perfect competition. In monopolistic competition, firms sell differentiated products.

In both market structures, their many seller and buyers. There is the ease of entry and exit for suppliers. In both markets, there are no dominant suppliers.

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Ketchum & Lushene Hardware sells 100 hammers daily. The supplier takes two days
Softa [21]

Answer:

He should reorder when he is left with 200 hammers.

Explanation:

Reorder point is the trigger which informs the businessmen to order the inventory when the stock is used.

Reorder point =  Safety Stock + (Average daily usage of units * Average lead time in days )

Reorder Point = 0 + (100 hammers * 2 days)

Reorder Point = 200

8 0
3 years ago
Which of the following systems would work best for a very standardized product that has a fairly high and predictable demand? a.
Margaret [11]

Answer:

The answer is b. make-to-stock system

Explanation:

Make-to-stock system  is a build-ahead production approach in which production plans may be based upon sales forecasts and/or historical demand. It is a traditional production strategy that is used by businesses to match the inventory with anticipated consumer demand.

5 0
3 years ago
If Net Sales at​ Sassy's Sweet Factory increased from​ $37,000 to​ $58,000 and its cost of goods sold increased from​ $17,000 to
solong [7]

Answer:

The vertical analysis based on net sales would show 45.94% and 74.13% for cost of goods​ sold.

Explanation:

Vertical Analysis: The vertical analysis does the analysis of the financial statements which is based on the sales value.

In mathematically,

Vertical Analysis = Financial Statement item ÷ sales value × 100

So,

For the cost of good sold. the vertical analysis would be:

For the Latest amount of cost of good sold:

= Latest amount of cost of goods sold ÷ Latest sales value × 100

= $17,000 ÷ $37,000 × 100

= 45.94%

For the updated amount of cost of goods sold:

= updated amount of cost of goods sold ÷ updated sales value × 100

= $43,000 ÷ $58,000 × 100

= 74.13%

Hence, the vertical analysis based on net sales would show 45.94% and 74.13% for the cost of goods​ sold.

6 0
4 years ago
The main determinant of the amount of money demanded for transactions is the level of?
zheka24 [161]

The level of GDP is the main determinant of the amount of money demanded for transactions.

The income (Y), the expected inflation (π), and the interest price (I) are 3 important primary determinants in a popular money call for characteristic. In principle, cash call for is an incremental characteristic of real profits as normal price range circumstance dictates, and it is the maximum critical variable in money call for characteristic.

In summary, the demand for cash depends on the charge degree, the interest fee, and the actual gross home product. these 3 elements combine to determine the fraction of human beings' wealth that they maintain as coins and checking for shopping and the fraction that they preserve as interest-bearing belongings.

For a given amount of wealth, the solution to this query will depend upon the relative costs and blessings of retaining money versus other property. The demand for money is the connection between the amount of money human beings need to keep and the elements that determine that quantity.

Learn more about interest here: brainly.com/question/24924853

#SPJ4

3 0
2 years ago
"​At the end of its third year of​ operations, the Sandifer Manufacturing Co. had $ 4,597,000 in​ revenues, $ 3,399,000 in cost
notsponge [240]

Answer:

Net Income     $ 495,000

Explanation:

The net income represent the amount that would be left after all expenses have been deducted from all the sales revenue.

                                                                                   $                                                                        

Sales revenue                                                   4,597,000

Cost of goods sold                                            <u>(3,399,000)</u>

Gross profit                                                            1,198,000

Operating expenses                                         <u>  (448,000)</u>

Profit before taxes                                                750,000

Taxes          (34%×750,000)                              <u>  (255,000) </u>

Net Income                                                        <u>   495,000 </u>

4 0
3 years ago
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