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1 year ago

If foreign firms begin supplying the product, increasing the number of competitors, it is likely that:____.

1 answer:

5 0

If foreign firms begin supplying the product, increasing the number of competitors, it is likely that economic profit will fall.

As the variety of firms increases, the price that is regular with equilibrium increases, to the monopoly rate, but the minimum price decreases. On the other hand, if marginal search prices decrease with the number of searches, equilibrium, if it exists, is characterized through a price distribution.

The number of promoting corporations also has an effect on the probable outcome of oligopoly opposition. As the wide variety of firms increases, the marketplace equilibrium moves in the direction of the equilibrium that would be expected in a superbly aggressive market of firms with equal aggregate manufacturing assets.

An economic profit or loss is the distinction between the sales received from the sale of an output and the expenses of all inputs used, as well as any opportunity charges. In calculating economic profit, possibility charges and explicit fees are deducted from sales earned.

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If the dollar falls by 20% against the euro and rises by 10% against the yen, which of the following values for European and Jap

Black_prince [1.1K]

Answer:

Europe: 50% Japan 50%

Europe: 40% Japan 60%

Europe: 60% Japan 40%

None of these values is consistent with this increase

Explanation:

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2 years ago

How would a sale of $400 of inventory on credit affect the balance sheet if the cost of the inventory sold was $160

dimaraw [331]

Answer:

the journal entries used to record this transaction are:

Dr Accounts receivable 400

Cr Sales revenue 400

Dr Cost of goods sold 160

Cr Inventory 160

This transaction will increase net income, which increases retained earnings by $240. It will also increase assets by $240, since accounts receivable increases by $400, but inventory decreases by $160.

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2 years ago

A company has the following selected account balances: Sales $ 250,000 Sales Discounts 1,500 Sales Returns and Allowances 2,300

Ulleksa [173]

Answer:

$121,200

Explanation:

Calculation to determine the gross profit that would appear on a multiple-step income statement

First step is to determine the Net sales

Sales $ 250,000

Less Sales Discounts ($1,500)

Less Sales Returns and Allowances ($2,300 )

Net sales $246,200

Now let determine the Gross profit using this formula

Gross profit=Net sales-Cost of Goods Sold

Let plug in the formula

Gross profit=$246,200-$125,000

Gross profit=$121,200

Therefore the gross profit that would appear on a multiple-step income statement is $121,200

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2 years ago

Diaz Company reports the following variable costing income statement for its single product. This company’s sales totaled 55,000

kirill [66]

Answer:

Sales 3,575,000

Variable Manufacturing 1,567,500

Fixed Manufacturing 247,500

COGS: 1,815,000

gross profit 1,760,000

Variable S&A expense 302,500

Fixed S&A expense 191,250

Net Income 1,266,250‬

Explanation:

Absorption cost will consider unit cost only the manufacturing department cost the rest are period cost.

We solve for the fixed overhead per unit using produced units:

Fixed overhead $382,500 / 85,000 = 4.5

Then we add it to the variable cost of 28.5 and get a unit cost of $33

Wer multiply by the 55,000 units to get COGS

the rest will be period cost.

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2 years ago

Read 2 more answers

Luna wanted to convince the technology department at her company to install new accounting software. Some staff members supporte

Gnom [1K]

Luna realized that the undecided group was her target audience so she focused most of her effort on them.

Explanation:

A targeted audience is a publication, advertising or other text. It is a particular group of consumers in the standard target market of marketing and advertising, known as targets or recipients of a specific ad or email.

In the end, it all includes assessing relevance for a target audience profile. You will attract a customer more often if your services and the goods you deliver suit what your audience wants.

If your customer you want is "everybody," it's very difficult for you to communicate in a deeper way with anyone. The more connected you are to others; the more likely you are to be a protector and a loyal user of your company.

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2 years ago