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Vadim26 [7]
2 years ago
6

One defining characteristic of pure monopoly is that the:.

Business
2 answers:
ipn [44]2 years ago
6 0

A pure monopoly is a market that only contains one seller.

Explanation:

ipn [44]2 years ago
3 0

Answer:

No close substitutes for the product exist and there is one seller.

Explanation:

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TB MC Qu. 1-150 Haack Inc. is a merchandising company ... Haack Inc. is a merchandising company. Last month the company's cost o
Sever21 [200]

Answer:

$87,200

Explanation:

The computation of the total amount of merchandise purchase is shown below:

As we know that

Cost of goods sold = Beginning merchandise inventory + purchase of merchandise - ending merchandise inventory

$69,400 = $11,600 +  purchase of merchandise - $29,400

$69,400 = -$17,800 + purchase of merchandise

So, purchase value of merchandise is

= $69,400 + $17,800

= $87,200

5 0
3 years ago
Wiley Company purchased new equipment for $60,000. Wiley paid cash for the equipment. Other costs associated with the equipment
user100 [1]

Answer:

The cost recorded for the equipment=$66,500

Explanation:

When dealing with the total cost of an equipment we take the purchase cost and other additional associated costs that come with the equipment. This can be expressed as;

T=P+A

where;

T=total cost

P=purchase cost

A=additional costs(transportation cost+sales tax+installation cost)

In our case;

T=unknown

P=$60,000

A=(1,000+3,000+2,500)=$6,500

replacing;

T=60,000+6,500=66,500

The total cost=$66,500

The cost recorded for the equipment=$66,500

4 0
3 years ago
Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile re
Shtirlitz [24]

Answer:

Budgeted overhead= $2,877.6

Explanation:

Giving the following information:

<u>Direct labor required:</u>

Production= 870 units

Direct labor hours= 870*0.25= 218 hours

Direct labor cost= $12 an hour

Manufacturing overhead is applied at a rate of 110% of direct labor costs.

<u>To calculate the allocated overhead for the period, we need to use the following formula:</u>

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

Direct labor cost= 218*12= $2,616

Allocated MOH= 1.1*2,616= $2,877.6

5 0
3 years ago
Says that the quantity demanded of a good folls when the price of 1 point the good rises.
Vedmedyk [2.9K]

Answer:

B) The Law of Demand

Explanation:

The correlation between the volume demanded, and the price of a good is explained by demand law. As per this law, price and the quantity demanded have an indirect or inverse relationship. An increase or decrease in price results in quantity demanded moving in the opposite direction.

Should the prices of a product or service increase, its demand falls.

8 0
3 years ago
Bad managerial judgments or unforeseen negative events that happen to a firm are defined as "company-specific," or "unsystematic
inysia [295]

Answer:

The correct answer is True.

Explanation:

Non-systematic risk, also known as "diversifiable risk", encompasses the set of factors of a company or industry, and that affect only the profitability of its stock or bond. For this reason they cannot be diversified.

In other words, the non-systematic risk arises from the uncertainty surrounding a company due to the development of its business, either due to the company's own circumstances or those of the sector to which it belongs. Examples of these events can be bad business results, the signing of a large contract, worse than expected sales data, a new product of the competition, discovery of fraud within the company, a bad management of its managers, etc.

8 0
3 years ago
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