All categories

2 years ago

Consider an industry that is made up of nine firms each with a market share (percent of sales) as follows:

1 answer:

6 0

This is supposed to measure the market share concentration of industries all in the same area. I take it a low HHI is not very concentrated and a large number (10000) means that the market share is very concentrated. The answer I get is about 1700 which means there is not much concentration.

Firm % % squared

a 30 900

b 20 400

c 10 100

d 10 100

e 10 100

f 5 25

g 5 25

h 5 25

j 5 25

Total 100% 1700

So to get an idea how concentrated everything is, you square the % s and add them up. I don't think the there is a monopoly in this industry. It is pretty evenly spread out.

You might be interested in

Dunn Sporting Goods sells athletic clothing and footwear to retail customers. Dunn's accountant indicates that the firm's operat

Brilliant_brown [7]

Answer:

Dunn Sporting Goods

Identifying Current Assets and Current Liabilities

Current Assets:

1. Prepaid Rent $6,000

3. Inventory $46,230

4. Marketable securities $700

5. Cash $1,050

7. Account receivable $2,850

Current Liabilities:

2. Accounts payable $9,700

6. Interest Payable $4,500

Explanation:

a) Data and Analysis:

1. Prepaid Rent (Current Assets) $6,000 Prepaid Rent (Long-term Assets) $2,500 in the amount of $8,500. Dunn's rent is $500 per month.

2. Account payable $9,700

3. Inventory (Current assets) $46,230.

4. Short-term marketable securities $700 Long-term Investments $1,200

5. Cash (current assets) $1,050.

6. Loan Payable (long-term) $60,000 due in March 2024. Interest Payable (current liabilities) $4,500

7. Account receivable (Current assets) $2,850

8. Store equipment $9,200. Accumulated depreciation $1,250.

b) Current assets are short-term assets expected to be used up within 12 months while current liabilities are short-term assets expected to be settled within 12 months.

8 0

2 years ago

Sara is the team leader for the remote coding project team at her hospital. Sara reports to the chief financial officer (CFO). T

kobusy [5.1K]

The CFO manages Sara and the project.

4 0

2 years ago

How is a command economy different from a mixed economy?

Alex73 [517]

Answer:

A. A command economy depends largely on the government, whereas a mixed economy involves individuals and businesses, too.

Explanation:

A command economy is a system in which the government is the one that decides the goods that can be produced and establishes the prices of them and the mixed economy is a system that involves the goverment which has some control but also, the private sector. This means that the production and the prices depend on the supply and demand.

5 0

2 years ago

Meaning of jobbers in business studies<br>

Leni [432]

Answer: in business a jobber is a manufacturer, tradesman, or wholesaler who deals in small lots of goods or 'jobs,' or acts as an agent, middleman (intermediary), or a sub-contractor, and usually does not deal directly with the principal customer.

Explanation: a jobber is also an informal name for a broker or someone that negotiates with shares or stocks.

4 0

2 years ago

The following selected amounts are available for Thomas Company.Retained earnings (beginning) $2,500Net loss 200Cash dividends d

AfilCa [17]

Answer:

c. $1,900

Explanation:

As for the information provided, we have:

Retained Earnings opening balance = $2,500

Current year loss = $200

Balance of retained earnings after this = $2,500 - $200 = $2,300

Now, dividends are provided which shall be paid from retained earnings only.

Cash dividends are the one paid in cash.

Stock dividends are the ones which are paid by issue extra shares from retained earnings.

Thus, both are deductible from retained earnings.

Therefore, closing balance of retained earnings = $2,300 - $200 - $200 = $1,900.

4 0

2 years ago