Answer:
The market structure that Keith's company uses is monopolistic competition.
Explanation:
In monopolistic competition, there are many firms in the market, the price is mostly determined by market forces, and as a result, the companies try to sell products that are different in some way.
In this case, Keith's company competitors are trying to use a pricing strategy to increase their market share. They are trying to compensate loss of revenue from the lower prices, with a higher sales volume.
Answer:
$32 million
Explanation:
Data provided in the question:
Total interest income = $67 million
Total noninterest income = $14 million
Total interest expenses = $35 million
Total noninterest expenses (excluding PLL) = $28 million
Provision for loan losses = $6 million
Taxes = $5 million
Now,
Bank's net interest income = Total interest income - Total interest expenses
= $67 million - $35 million
= $32 million
Answer:
Actual cost per unit = $2.13
Explanation:
The spending variance for equipment and supplies can be calculated as below:
Spending variance = Actual spending - Standard Spending, or:
- 9,604 = Actual spending - Standard cost per unit x Budgeted quantity
- 9,604 = Actual spending - 2.67 x 19,200
Solve the equation we get Actual spending = 41,660.
The actual cost per unit for supplies is calculated as below:
Actual cost per unit = Actual spending/Actual production unit
= 41,660/19,600 = 2.13
Answer: Horizontal segmentation try's to understand what customers want and then to deliver it.
