Answer:
0.9
Explanation:
The formula to compute the four-firm concentration ratio is shown below:
= (Total firm sales of industry A) ÷ (Total firm sales of industry B)
where,
Total firm sales of industry A = $5 million + $2 million + $1 million + $1 million
= $9 million
And, the total firm sales of industry B would be
= $2.5 million × 4 firms
= $10 million
So, the ratio would be
= $9 million ÷ $10 million
= 0.9
Answer:
A. A business that operates from a specific geographical location
Explanation:
The scope of digital Marketing has grown tremendously in the recent past. The major reason being it's wide reach through internet unlike the conventional form of marketing which is limited to specific location.
Digital Marketing refers to advertisement through display of advertisements on social portals and web pages. The marketeer buys space on social platforms and other websites for content.
For instance the advertisements on social media platforms is a form of digital marketing.
The world has turned into one global market owing to such technological advancements.
Local businesses refer to the place or location where a business is based.
Thus, local businesses refer to (A). A business that operates from a specific location.
Answer:
Asset:
Dr. Asset 775
Cr. Account Payable/Cash 775
Expense:
Dr. Expense 735
Dr. Carr. In 40
Cr Account Payable/Cash 775
Explanation:
If the purchase is to be capitalized, debit the asset account with $775, credit the cash/account payable with $775.
If the purchase is to be immediately expensed, debit the expense account with $735, carriage with $40 and credit the cash/accounts payable with $775.
Answer:
Contribution margin per production hour
Product X = $12
Product Y = $15
Explanation:
Part 1
Contribution margin per production hour
Contribution margin per production hour = Contribution ÷ Time to produce one product
Therefore,
Product X = $6 ÷ 0.5
= $12
Product Y = $5 ÷ 0.33
= $15
Part 2
The Demand Units of Product X and Product Y are missing so the calculation of profitable sales mix is impossible.
This mix would have been calculated by :
- Manufacturing all the units of Product Y since Y has the highest contribution margin per production hour (demand for Y × hours required per unit)
- With the remainder of hours out of 4,700 after producing all of Product Y demand, we would then produce Product X.