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3 years ago

Monopolistic competition resembles pure competition because

Business

1 answer:

n200080 [17]3 years ago

4 0

Answer:

Monopolistic competition resembles pure competition because: barriers to entry are neither weak or nonexistent.

Explanation:

Both market structures have many sellers and free entry and exit. Thus, profits are driven to zero in the long run.

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What is the name of the document that comes with your paycheck and

Serga [27]

Answer:

A Paystub.

Explanation:

Paystub or payslip is the document that shows the amount that an employee earned in a particular month and the deductions made. Therefore, a paystub indicates the total earning or gross pay, the total deductions, and the net pay.

The paystub shows each earning and deduction on its line. In other words, the paystub show itemized details of all earnings and deductions.

3 0

3 years ago

2016 may 1 received a $5,300, 12-month, 3% note in exchange for an outstanding account receivable from r. stoney. dec. 31 accrue

suter [353]

2016 may 1 Debit Notes Receivable $5,300
Credit Accounts Receivable $5,300
2016 dec 31 Debit Interest Receivable $106
Credit Interest Income $106
2017 may 1 Debit Cash $5,459
Credit Notes Receivable $5,300
Credit Interest Receivable $159

4 0

4 years ago

MC Qu. 97 K Company estimates that overhead costs for... K Company estimates that overhead costs for the next year will be $3,64

Alona [7]

Answer:

Allocated MOH= $240

Explanation:

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (3,648,000 + 960,000) / 96,000

Predetermined manufacturing overhead rate= $48 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 48*5

Allocated MOH= $240

7 0

3 years ago

As of January 1 of the current year, the Gunner Company had accounts receivables of $50,000. The sales for January, February, an

BigorU [14]

Answer:

b. $48,000

Explanation:

According to the given situation the computation of accounts receivable balance is shown below:-

Jan Feb Mar April

Sales $120,000 $140,000 $150,000

Cash Sales

at 20% $24,000 $28,000 $30,000

Credit Sales

at 80% $96,000 $112,000 $120,000

Collection in same

month at 60% $57,600 $67,200 $72,000

Collection in next

month at 40% $50,000 $38,400 $44,800 $48,000

Therefore the accounts receivable balance as of March 31 is $48,000

4 0

3 years ago

Assume the credit terms offered to your firm by your suppliers are 2.7/5, Net 30. Calculate the cost of the trade credit if yo

crimeas [40]

Answer: 49.02%

Explanation:

The cost of the trade credit will be calculated thus:

Amount when discount is availed will be: = 100-2.7 = 97.3

Discount rate = 2.7

Interest rate per period = 2.7/97.3 2.77%

Number of Days = 30-5 = 25

Therefore, the EAR will be calculated as:

= [(1+2.77%)^(365/25)] - 1

= 49.02%

8 0

3 years ago