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3 years ago

Identifying Which of the tiles you placed in the pure

1 answer:

3 0

Pure competition simply means a market that's has a wide range of competitors who are selling the same products.

Your information is incomplete. Therefore, an overview of pure competition will be given. In pure competition, all the companies sell identical products.

In pure competition, the market share does not influence the price. Also, companies can enter or exit the industry whenever they like as there's no barrier. The buyers have perfect information as well.

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Gloria Company had no beginning work in process. During the period, 16000 units were completed, and there were 1200 units of end

aivan3 [116]

Answer:

17,200 Units

Explanation:

The total number of units started into production is the sum of the units completed with the ending work in progress, given that the company had no beginning work in progress and no information is given on units wasted.

Units started in production

= 16000 + 1200

= 17,200 Units

3 0

3 years ago

A collaborative selling environment makes the sales pitch more challenging for salespeople.

Lapatulllka [165]

Answer: True

Explanation:

Collaborative selling has to do with the collaboration and interaction between the customers and the salespersons.

A collaborative selling environment makes the sales pitch more challenging for salespeople. Working together in this case requires patience and problem solving skilss and this ultimately leads to more success, enhance customers satisfaction and also leads to achievement of organizational goals.

6 0

3 years ago

The following are budgeted data:

kicyunya [14]

Answer:

d. 18,570 pounds

Explanation:

The computation of the raw material purchased for the month of February is shown below:

= Production in units + ending inventory - beginning inventory

where,

Production in units = 19,200

Ending inventory is

= 17,100 × 30% × 1

= 5,130

And, the beginning inventory is

= 19,200 × 30% × 1

= 5,760

So, the raw material purchased for the month of February is

= 19,200 + 5,130 - 5,760

= 18,570 pounds

We simply applied the above formulas

7 0

3 years ago

What is the difference between the federal budget deficit and federal government debt?

Genrish500 [490]

Answer:

C) The federal budget deficit is the year-to-year short fall in tax revenues relative to government spending (T < G + TR), financed through government bonds. The federal government debt is the accumulation of all past deficits.

Explanation:

Budget Deficit by definition is the shortfall in the budget as spending exceeds the budgeted tax revenues for the governments. They are indeed funded by government borrowing by issuing of bonds and borrowing money from the federal reserve.

The federal government debt or also called the national debt is the net accumulation of all the borrowed amount that is used by the government to deficit finance the budget in the current year and the previous years.

In return if a budget in a year turns surplus, that is the spending is less than revenue, it can help lower the national debt if the government policies allow.

Hope that helps.

4 0

3 years ago

Read 2 more answers

One of your firm’s suppliers discounts prices for larger quantities. The first 1000 parts are $15 each. The next 1500 are $13 ea

AfilCa [17]

Answer:

a) Average cost of producing 650 units will be $15

Marginal cost will also be $15

b) Marginal cost = $13

Average cost = $14.6

c) Marginal cost = $11

Average cost = $13.8

d) Marginal cost = $11

Average cost = $13

Explanation:

Data provided in the question:

Cost of first 1000 parts = $15 each

Cost of next 1500 parts = $13 each

Cost of parts excess in 2500 = $11 each

Now,

Marginal cost is the additional cost of producing one extra unit of a good

a) 650

Since cost of first 1000 parts in $13 each

Therefore,

as 650 is below 1000 i.e lies in the range of first 1000 units

Average cost of producing 650 units will be $15

Marginal cost will also be $15

b) 1250

the 1251th unit will lie in the range on next 1500 units

Thus,

Marginal cost = $13

Total cost of producing 1250 units

= $15 × 1000 + [(1250 - 1000) × $13]

= $15000 + $3250

= $18,250

Average cost = Total cost ÷ Total units

= $18,250 ÷ 1250

= $14.6

c) 2500

the 2501th unit will lie in the range on excess to 2500 units

Thus,

Marginal cost = $11

Total cost of producing 2500 units

= $15 × 1000 + [(2500 - 1000) × $13]

= $15,000 + $19,500

= $34,500

Average cost = Total cost ÷ Total units

= $34,500 ÷ 2500

= $13.8

(d)3500

the 3501th unit will lie in the range on excess to 2500 units

Thus,

Marginal cost = $11

Total cost of producing 3500 units

= $15 × 1000 + [(2500 - 1000) × $13] + [ ( 3500 - 2500 ) × $11]

= $15,000 + $19,500 + $11,000

= $45,500

Average cost = Total cost ÷ Total units

= $45,500 ÷ 3500

= $13

4 0

3 years ago