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3 years ago

5

Monopolistically competitive markets and perfectly competitive markets share some similarities but differ in a number of ways. O

ne
such difference between the two is that monopolistically competitive firms (1 point)

1 answer:

FinnZ [79.3K]3 years ago

6 0

Answer:

feature differentiated products

Explaination:

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Rehmer Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.06 direct labor

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Answer:

Results are below.

Explanation:

Giving the following information:

Each unit of output requires 0.06 direct labor-hours.

The direct labor rate is $8.00 per direct labor-hour.

The production budget calls for producing 5,300 units in June and 5,800 units in July.

<u>Direct labor budget June:</u>

Direct labor hours= 5,300*0.06= 318

Direct labor cost= 318*8= $2,544

<u>Direct labor budget July:</u>

Direct labor hours= 5,800*0.06= 348

Direct labor cost= 348*8= $2,784

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3 years ago

If you put $100 into a bank account that earns five percent interest per year, what is the formula you should use to determine t

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Answer:

Future value equals the present value multiplied by one plus the rate of interest in decimals.

Explanation:

Future value = present value x (1 + interest rate)

Interest rate = present value x interest rate

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3 years ago

Sautéed, a restaurant in california, specializes in sautéed food. the restaurant holds a highly popular bash, featuring well-kno

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Six key principles of influence according to Dr. Robert Cialdini are<span> 1) reciprocity 2) commitment and consistency 3) social proof 4) authority 5) liking and 6) scarcity. He proposed a seventh principle he called </span>unity principle “the more we identify ourselves with others, the more we are influenced by these others.”

Of the above-mentioned principles, Sauteed uses the no. 1 – reciprocity. <span>Reciprocity is returning a favor or g</span>iving back to others the form of a behavior, gift, or service that they have received first. In our example, Sauteed restaurant offers event passes to frequent customers (billed $3,000 during the current month). Sauteed believe that in doing so, there will be surprising difference to their business– like clients may recommend them or visit their place more often or more tips.

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3 years ago

Correctly complete the following statement. We may be more likely to consider using qualitative forecasting techniques when Sele

Nostrana [21]

Answer:

b

Explanation:

There are two types of forecasting method

1. Qualitative forecasting

2. Quantitative forecasting

Qualitative forecasting can be described as when subjective judgement or non quantifiable information in forecasting.

<em>When is qualitative forecasting suitable ?</em>

It is used when historical data in unavailable.
this method is suitable when it is predicted that future result would depart from what historical data may suggest

<em>Advantages of Qualitative forecasting </em>

it is flexible
It can be used when data available is ambiguous or unclear

<em>Disadvantage of Qualitative forecasting </em>

It is subjective.

Quantitative forecasting can be described as forecasting using historical data

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2 years ago

During June, Buttrey Corporation incurred $73,000 of direct labor costs and $13,000 of indirect labor costs. The journal entry t

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Answer:

Dr. Cr.

Work in process $73,000

Manufacturing overhead $13,000

Account Payable $86,000

Explanation:

The Direct cost are those which are directly attributable to the product or service under consideration. Indirect cost are those which cannot be directly assigned to product or service cost. All the direct cost is added to the work in process account and indirect cost are included in the manufacturing overhead account.

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2 years ago