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2 years ago

In a competitive market, the price of a product: ___________

1 answer:

7 0

Competition exists in the market and the price of the product is determined by sellers and the quantity of the product produced is determined by buyers.

<h3>What is a competitive market?</h3>

A competitive market is a market where many producers compete with each other with the aim to provide goods and services.

The sellers determines how much a product cost.

Therefore, the price of the product is determined by sellers and the quantity of the product produced is determined by buyers.

Learn more on competitive market here

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Suresh Co. expects its five departments to yield the following income for next year. Dept. MDept. NDept. ODept. PDept. TTotal Sa

Hunter-Best [27]

Answer:

(1) Because of the eliminations of Dept. N, Dept. P, and Dept. T, we have:

Total net loss = $35,000

(2) Because of the eliminations of Dept. N, and Dept. T, we have:

Total net income = $8,500

Explanation:

(1) Management eliminates departments with expected net losses.

Note: See answer (1) in the attached excel file for the eliminated departments (in red color).

From the answer (1) in the attached excel, the eliminated departments base on this are Dept. N, Dept. P, and Dept. T.

It can be seen from the answer (1) in the attached excel that because of the eliminations of Dept. N, Dept. P, and Dept. T, we have:

Total net loss = $35,000.

(2) Management eliminates departments with sales dollars that are less than avoidable expenses.

Note: See answer (2) in the attached excel file for the eliminated departments (in red color).

From the answer (2) in the attached excel, the eliminated departments base on this are Dept. N, and Dept. T.

It can be seen from the answer (2) in the attached excel that because of the eliminations of Dept. N, and Dept. T, we have:

Total net income = $8,500

Download xlsx

4 0

3 years ago

In the late nineteenth century, what helped narrow the gradations of freedom amongst white Americans? a. Indentured servitude ha

ElenaW [278]

In the late nineteenth century, Judith Sergeant Murray wrote about women’s intellect being equal- this helped narrow the gradations of freedom amongst white Americans.

Option: B

Explanation:

In the late nineteenth century there was a conflict in between white Americans about the freedom. Their fight against each other graded by the help of writer and other professionals who wrote about their strong points. Judith Sergeant Murray who was an American writer and advocate wrote about women's right.

Gender discrimination, women's right, feminism was the core area of writing in Judith Sergeant Murray's work. He compared women's ability with man's, their imagination, decision making capacity, judgemental motives etc.

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4 years ago

In measuring return-on-investment (ROI) from sport sponsorships, companies have used all of the following methods except A. peri

slega [8]

In measuring return-on-investment (ROI) from sport sponsorships, companies have used all of the following methods except <u>C. Q Scores scale</u>.

<u>Explanation</u>:

<u>Return on Investment (ROI)</u> helps in determining whether the investment results in gain or loss. The gain or loss of amount is obtained based on the amount of money invested. ROI is used to compare the gain between the companies. ROI can help in deciding the personal financial transaction. Return on Investment is expressed in percentage.

Q score provides the information regarding the popularity of the brand, company, celebrity and entertainment product. Q score becomes high if the familiarity of the brand or company is high among people.

8 0

3 years ago

A country's balance of trade refers to the value of its

Rashid [163]

Answer:

Balance of trade (BOT) is the difference between the value of a country's exports and the value of a country's imports for a given period.

Explanation:

6 0

2 years ago

starbucks repurchased over 1.4 billion of its common stock in 2015. did this repurchase increase or decrease roe

IRINA_888 [86]

Starbucks reports net income for 2015 of $2,558.4 million. Its stockholders' equity is $5,716 million and $6,262 million for 2014 and 2015, respectively. a. Compute its return on equity for 2015. Round answer to one decimal place (ex: 0.2345 = 23.5%) Answer % b. Starbucks repurchased over $1.4 billion of its common stock in 2015. How did this repurchase affect Starbucks' ROE? ROE usually decreases since the repurchase of shares reduces the denominator (avg. stockholders' equity). ROE usually increases since the repurchase of shares reduces the denominator (avg. stockholders' equity). ROE usually increases since the repurchase of shares increases the denominator (avg. stockholders' equity). ROE usually decreases since the repurchase of shares increases the denominator (avg. stockholders' equity). c. Why do you think a company like Starbucks repurchases its own stock? Companies repurchase their own stock if they feel it overvalued by the market. Companies repurchase their own stock if they feel it undervalued by the market.

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3 years ago