These three together form total market, so here we have to add up everything to know volume of the market
A+B+C = 1,275,000 is the total market
Then we have to calculate individual market share
which would eb 1) 28.2%, 2) 50.9%, 3) 20.8%
This can be calcualated by simple percetage calculation. ( 1275000-360000/1275000*100)-100 will give what share each has.
Then we apply HHI formula
HHI = s1^2 + s2^2 + s3^2 + ... + sn^2
HHi is nothing but squaring of each of the percentages and adding them up
(28.2)2 +(50.9)2 +(20.8)2
812+2590+432 = 3834
HHI of 3834 shows it is highly competitve market.
Answer:
c
Explanation:
customers surplus is going to decrease due to the tax increase, some of the customers may not afford and that may affect Arkanas financial performance
I think the answer is A let me know if I was right! <3
Answer:
The map of the current process is found in the attached
The minimum cycle time is 1 min 40 seconds
The longest cycle time is 2 min 35 seconds
The new minimum cycle is 1 min 15 seconds
The new longest cycle time is 2 mins
The potential problem that could surface from splitting the process is that once the customer has finished paying the customer has to wait for about 30 to 55 seconds before the second attendant finishes with packaging,hence ,a queue would likely be formed awaiting the second attendant.
The problem could be solved by ensuring the taking money and packaging takes the same time.
Explanation:
Minimum cycle time=20+55+25=100 seconds=1 minute 40 seconds
The longest cycle time=30+90+35=155 seconds=2 min 35 seconds
The new minimum cycle time=20+55=75 seconds=1 min 15 seconds
Taking customer's money also happened in the first 35 seconds of the 55 seconds above.
The new longest cycle time=30+90=120 seconds=2 mins
Answer:
D) budgets are a total amount and standards are a unit amount.
Explanation:
For each given choice in the question explanation is provided below as to why its or its not the correct answer.
A) only budgets contribute to management planning and control.
Both budgets and standards contribute in the planning and control are of the company. Therefore, this option is incorrect.
B) budgets but not standards may be used in valuing inventories.
Once gain both are used for valuing inventory, this is due to the fact that budget contains details gathered in standard costing. Therefore, this option is incorrect.
C) budgets but not standards may be journalized and posted.
Both the budget and standard are journalized and posted in the accounting system. Therefore, this option is incorrect.
D) budgets are a total amount and standards are a unit amount.
As standards are unit amounts which contributes in preparing the budget which are total amounts.
Hence, option D is correct.
