The key characteristic of a monopoly is that there are High barriers to entry into the market.
How do barriers to entry create monopolies?Monopolies are companies that are either the only company in a market, or have such a high market share that they can decide things like market pricing. Monopolies are therefore able to make economic profits in the long run, when perfectly competitive companies will be making zero economic profits and might have to leave the industry.
The main characteristic that creates a monopolies are the high barriers to entry. These barriers can be financial, legal, or otherwise. Either way, they prevent other companies from getting into the industry easily and so the company already in the industry basically controls the market. An example of a high barrier to entry is setting up and electrical gird to be a utility company.
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a phone company offers two long-distance plans. the first charges a flat value of $5.00 per month plus $0.99 for each minute used, and the second charges $10.00 a month plus $0.79 for each minute used. if x represents the number of minutes used each month, which system of equations represents the total amount of money, y, you would spend for each long-distance plan?
The correct answer is y = 0.99x + 5 and y = 0.79x + 10 will be spent for a long-distance plan.
Explanation:
Given y = amount of money spend for the long-distance plan per month
and x = minutes used each month
Note these 2 plans are on per month basis.
Plan A: Flat $5 + $0.99 Per min used (variable cost)
That means:
y = 0.99x + 5
Plan B: Flat $10 + $0.79 per min used (variable cost)
That means:
y = 0.79x + 10
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for the following item, choose whether a job order costing system or process costing system would be best. tattoos
The answers to all the subparts are as follows:
(A) Beach toys: Process operation(B) Concrete swimming pool: Job operation(C) iPhone: Process operation(D) Wedding reception: Job operation(E) Custom suits: Job operation(F) Juice: Process operation(G) Tattoos: Job operation(H) Guitar picks: Process operation(A) Beach toys:
Process operations describe a manufacturing process where the production involves a number of different activities or processes.
Beach toy production requires a number of actions, hence it will be categorized as a process operation.
(B) Concrete swimming pool:
Job operation is the manufacturing procedure when products are produced taking the needs and requirements of the customers into consideration.
The construction of a concrete swimming pool will vary depending on the customer's needs, so it will be referred to as a job operation.
(C) iPhone:
The various actions or processes required to manufacture an iPhone, including the acquisition of raw materials, processing, software development, etc., will be referred to as process operations.
(D) Wedding reception:
Wedding receptions are prepared in accordance with the needs of the client, on which the final price to be charged is based; as a result, it is part of the job's operations.
(E) Custom suits:
Because they are produced to the specifications or customizations of the customer, custom suits are considered a job order.
(F) Juice:
Juice production involves numerous steps, including obtaining raw materials, sorting, processing or extracting juice, filtering, and so forth. As a result, it is involved in process operations.
(G) Tattoos:
Since tattoos are designed to the specifications of the consumers, such as their style or design, they are considered part of employment duties.
(H) Guitar picks:
As a result of their extensive production and variety of manufacturing processes, guitar picks are a component of process operations.
Therefore, the answers to all the subparts are as follows:
(A) Beach toys: Process operation(B) Concrete swimming pool: Job operation(C) iPhone: Process operation(D) Wedding reception: Job operation(E) Custom suits: Job operation(F) Juice: Process operation(G) Tattoos: Job operation(H) Guitar picks: Process operationKnow more about Process operation here:
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The complete question:
For each of the following products and services, indicate whether it is more likely produced in a process operation (P) or a job order operation (J).
a. Beach toys
b. Concrete swimming pool
c. iPhones
d. Wedding reception
e. Custom suits
f. Juice
g. Tattoos
h. Guitar picks
for a monopolist with a downward-sloping demand curve, the quantity effect dominates the price effect at:
For a monopolist with a downward-slopping demand curve, the quantity effect is MOST likely to dominate the price effect at a Low level of production
A monopolist is a seller who has no competitors and is the market's sole seller. In contrast to a seller with perfect competition, a monopolist has the market power to set the price without losing customers. As a result, a monopolist is a price setter rather than a price taker. Because a monopolist does not always sell necessary goods, some consumers may delay consumption if the price rises. A monopolist's product also has imperfect substitutes, which contributes to its market power in determining the price of its product. So a monopolist's demand curve is downward sloping, implying that the quantity demanded of the good increases with a decrease in price and decreases with an increase in price.
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which budgeting approach is used most often for service, manufacturing, and distribution activities where there exists a clearly defined relationship between effort and accomplishment
The input/output strategy is most frequently utilized in the service, manufacturing, and distribution industries since these activities have a distinct link between effort and success.
Input/output strategy: What is it?Macroeconomic analysis in the form of input-output analysis (I-O) is based on the interdependence of several economic sectors or industries. This approach is frequently used to calculate the consequences of either positive or negative economic shocks and to examine how they spread throughout an economy.
Wassily Leontief (1906-1999), who later received the Nobel Memorial Prize in Economic Sciences for his contributions to this field, is credited with creating the I-O economic analysis. Input-output analysis has been used in Marxist economic analysis of coordinated economies that rely on a central planner, even though it is not frequently used by neoclassical economics or by policy advisors in the West.
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for the cash flows in the previous problem, what is the npv at a discount rate of 0 percent? what if the discount rate is 10 percent? if it is 20 percent? if it is 30 percent?
the npv is -$243.51 when there is a 0% discount applied. The 10% discount rate is $21000, the 20% discount is $17441.02, and the 30% discount is $14,789.35.
Current Inflow Value = Cash Inflow
*Amount in effect at the moment (rate%, time period)
1. Present value of inflows = (6400+8700+5900) =$21000; hence, net present value (NPV) = Present value of inflows minus Present value of outflows = $8,000
2. The current value of inflows is 6400/1.1+8700/1.12+5900/1.13 =$17441.02 (approximately), while the net present value is (17441.02-13000) =$4441.02. (approx).
3. The current value of inflows equals 6400/1.2+8700/1.22+5900/1.23 ($14,789.35). (approx)
NPV = (14,789.35-13000) = $1789.35. (approx).
4. The approximate present value of the inflows is $6400/1.3, $8700/1.3, and $5900/1.3, which results in an NPV of ($12,756.49-13000)=-$243.51. (approx).
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The original cost of a piece of equipment was $100,000. The equipment was depreciated using the straight-line method with annual depreciation of $20,000. After two years, the fair value of the equipment is $82,000. How much is the book value of the equipment at the end of the second year?.
$938,000 is the book value of the equipment at the end of the second year.
Cost Of Equipment : $100,000
Year one Depreciation : $20,000
Year Two Depreciation : $82,000
Book Value after Second year: $100,000-$20,000- $82,000 ; $938,000
Equipment is a tangible long-term asset that benefits a business over several years of use. computers, vans and manufacturing machinery are all examples of device. they're tangible due to the fact they have a bodily shape—not like intangible property (inclusive of patents, emblems or copyrights) that don't.
Device most generally refers to a hard and fast of tools or other objects usually used to attain a specific goal. specific jobs require specific kinds of gadget.
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intermediaries in the marketing channel benefit from blank because they are provided marketing advice and expertise, in addition to information about allowed markup, merchandising support, and return policies
Intermediaries in the marketing channel benefit from blank because they are provided marketing advice and expertise, in addition to information about allowed markup, merchandising support, and return policies, is the true statement.
What is Intermediaries?Intermediaries are individuals or groups that operate as middlemen in a variety of transactions, such as those involving investments, business, negotiations, insurance, etc. They are typically referred to as consultants or brokers and have a particular area of expertise.
A "go-between" is a person who frequently switches between two sides since the word inter- suggests "between, amid." The terms broker and agent are commonly used interchangeably, as are the terms facilitator and mediator, which share the medi- root.
Thus, it is the true statement.
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capacity and utilization reporting often contains utilization information on which hypervisor objects?
Capacity and utilization reporting often contains utilization information on which hypervisor objects are:
CPURAMNetworkWhilst you make use of something, you use it, whether it's for a tool, like whilst you utilize a pen to put writing something down, or a skill or talent, like the pace you utilize when you run a race. So usage is the act of using, just like the utilization of your voice that allows you to sing music.
Usage is defined as the quantity of a worker's to be had time it's used for effective, billable paintings expressed as a percentage. A worker's usage price is an important metric for organizations to track.
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a company's interest expense is $17,000. its income before interest expense and income taxes is $106,250. its net income is $41,450. the company's times interest earned ratio equals: multiple choice 0.160. 6.25. 2.56. 0.41. 0.39.
The company's times interest earned ratio equals to 6.25. Option B is correct.
What is the Times Interest Earned Ratio?The times interest earned (TIE) ratio assesses a company's ability to meet its debt obligations based on current earnings. The TIE number of a company is calculated by dividing earnings before interest and taxes (EBIT) by the total interest payable on bonds and other debt.
The formula for computing TIE is:
TIE = income before interest expense and income taxes / interest expense
putting the given values in the above formula,
TIE = income before interest expense and income taxes / interest expense
TIE =$106,250/$17,000
Times Interest Earned Ratio = 6.25
Therefore, option B is correct.
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if a company believes its sales returns will be material, an adjusting entry for expected returns should be made to which account?
If a company believes its sales returns will be material, an adjusting entry for expected returns should be made to allowance for sales return account.
Sales are activities involved in selling or the quantity of products that are sold within a specified time frame. It is also regarded as a sale when a service is provided for a fee. Profit is the net income remaining after all costs have been deducted from revenues, which is the income generated by business operations. Sales, revenues from fees, and income from real estate are just a few examples of the various ways that money can be made. An exchange of goods or services for money or other assets is known as a sale and involves two or more parties. Prior to deducting any costs from the calculation, revenue is the total amount of income a business derives from its core operations.
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ella was asked to her senior prom and needed to find a dress. she looked online at several stores to compare styles and prices, then spent her saturday going to different stores to try on dresses. she didn't care what type of dress she got as long as the price was right and it fit well. this exemplifies which type of consumer product? multiple choice question.
The scenario where Ella looked online and in stores to buy a dress that had the right price and fit her well exemplifies a shopping product
In the field of business, shopping products can be described as products that are not brought frequently but are bought for a special scenario. Shopping products are the products for whom the buyer thinks a lot before making a decision on the final product to be bought.
In the scenario, as Ella is buying a dress for a specific occasion of senior prom and also puts much thought into the product by searching online and then in different stores, hence this is an example of a shopping product.
Although a part of your question is missing, you might be referring to this question:
Ella was asked to her senior prom and needed to find a dress. she looked online at several stores to compare styles and prices, then spent her Saturday going to different stores to try on dresses. she didn't care what type of dress she got as long as the price was right and it fit well. this exemplifies which type of consumer product? multiple choice questions.
- shopping product
-online product
-special product
-occasion product
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g outsourcing (make-or-buy) decision assume a division of hewlett-packard currently makes 16,000 circuit boards per year used in producing diagnostic electronic instruments at a cost of $27 per board, consisting of variable costs per unit of $22 and
Therefore, there is a net cost of $7,000 for outsourcing the component to S-SCI. Therefore, it is suggested to make the product.
A variable unit price is the number of labor materials and other resources required to produce a product. Variable costs are all costs that vary depending on how much a company produces and sells. In other words, variable costs increase as production increases and variable costs decrease as production decreases.
Calculate the variable cost per unit. Variable cost per unit is the total variable cost divided by the number of units. Variable costs are sometimes called unit costs because they vary with the number of units produced. Direct labor and indirect costs are often called conversion costs and direct materials and direct labor are often called primary costs.
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there are some physicians, hospitals, and health care organizations that agree to make medical services available to insureds at discounted prices. insureds are not required to use these entities, but if they do, care costs are less than if these entities are not used. such health care entities are called
Care costs are less than if these entities are not used. such health care entities are called "preferred provider organizations".
Preferred provider organizations (PPOs) are types of managed care healthcare organizations in which businesses who buy group insurance agree to deliver their employees to specific hospitals as well as doctors in exchange for discounts.
One significant downside is that it becomes hard to obtain specialist treatment because members should first obtain a referral. Any type of care which is not a recommendation or perhaps an emergency would be not covered.
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The jobs that support medical imaging require specific types of education. Which field discussed requires the least amount of training? Which field requires the most amount of training?
The transcriptionist field discussed requires the least amount of training. The radiologists field requires the most amount of training.
Radiologists are scientific doctors focusing on diagnosing and treating accidents and sicknesses the usage of clinical imaging (radiology) tactics (assessments/tests) including X-rays, computed tomography (CT), magnetic resonance imaging (MRI), nuclear medicinal drug, positron emission tomography (pet), and ultrasound.
Radiologists are medical docs (MDs) or doctors of osteopathic medicinal drugs (DOs) who have completed a 4-year residency in radiology. A radiologist may also act as a consultant to every other physician who's worrying for the patient, or act as the affected person's number one medical doctor in treating a disease.
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if an owner entrusts the possession of goods to a merchant who deals in goods of that kind, blank .
The statement is False as if an owner entrusts the possession of goods to a merchant who deals in goods of that kind, the merchant has complete authority to transfer any rights in the goods to a buyer in the ordinary course of business
Except for a purchaser of a limited interest, who acquires rights only to the extent of the interest purchased, a purchaser of goods acquires all title that his transferor had or had the power to transfer. A person with a voidable title has the authority to transfer a good title for value to a good faith purchaser. When goods are delivered under a purchase transaction, the purchaser has this power. Entrusting possession of goods to a merchant who deals in such goods gives him the authority to transfer all rights of the entrusted to a buyer in the ordinary course of business.
The complete question is: If an owner entrusts the possession of goods to a merchant who deals in goods of that kind, the merchant has no authority to transfer any rights in the goods to a buyer in the ordinary course of business- True or False
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which typically can change faster: the components of aggregate demand (ad) or the components of aggregate supply (as)? multiple choice the components of as, such as consumption, can change faster than the components of ad, such as technology. the components of ad, such as wages, can change faster than the components of as, such as investment. the components of ad, such as government, can change faster than the components of as, such as investment. the components of ad, such as consumption, can change faster than the components of as, such as technology.
Last option. The option that can change faster is The components of the AD, such as consumption can change faster than components of AS, such as technology.
What is aggregate demand?The entire quantity of demand for all finished products and services produced in an economy is measured by aggregate demand.
The entire amount of money spent on those goods and services at a particular price point and time is referred to as aggregate demand.
All consumer products, capital goods (factories and equipment), exports, imports, and government spending make up aggregate demand.
What is aggregate supply?Aggregate supply is the total amount of items produced over a specified time period at a particular pricing point. Demand growth or decline has the biggest impact.
Rising prices are often a sign that firms need to increase production to keep up with rising total demand. Consumers battle for the available commodities and pay more when demand rises in the face of steady supply. Due to this dynamic, businesses boost output in an effort to increase sales. Prices normalize as a result of the increased supply, while output stays high.
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in a sole proprietorship, any debts or damages incurred by the business are your personal debts and you must pay them. this disadvantage is known as:
In a sole proprietorship, any debts or damages incurred by the business are your debts and you must pay them which is known as unlimited liability.
Unlimited liability refers to the complete liablity of the owner for debts and expenses of a sole properietorship. This liability defines that there is no difference between the personal and business assets of the owner of the sole proprietorship.
The debts could be repaid by selling the personal assets of the owner under this liability. It allows the owner of a sole proprietorship to have a complete control on their business. They can make all legal decisions regarding their business.
Dissolving the proprietorship is also easy for the owners.
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The carrying value of a bond with a premium balance is ________ than a bond issued at par.
The carrying value of a bond with a premium balance is HIGHER than a bond issued at par.
The carrying value of a bond = par value + unamortized premium/discount.
how much more money can a college graduate expect to make compared to a high school graduate?
Annual median wages for people with a bachelor's degree are $36,000, which is 84 percent more than what people with only a high school diploma make.
An alumni or alumna is a former student who is often a school's graduate (school, college, university). The term "alumnae" is used to refer to either a group of female students or women's institutions, according to the US Department of Education.
a person who has successfully completed a course of study, such as in a university, college, or school, and been awarded a degree or diploma. a candidate for an advanced degree who already holds a bachelor's or first professional degree.
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the net operating income that an investment center earns above the minimum amount needed to meet the required rate of return is its
Net operating income above a certain minimum return on operating assets is called residual income. This calculation is not the same as ROI. The return on investment (ROI) measures the ratio of earned net operating income to the investment in average operating assets.
How is net operating income calculated?
Before taking into account any costs associated with financing or taxes, net operating income is a measure of a property's profitability. To determine a property's net operating income (NOI), subtract all property revenue from all operating costs.
How is the calculation of net operating income done?
A property's profitability is measured by its net operating income before taking into account any financing or tax costs. Subtract all property revenue from all operating expenses to determine the property's net operating income (NOI).
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in communited where food purchased to prapare at home is exempt from sales tax, what part of the basic tax formula does this affect
The basic tax formula does this affect is tax rate.
The tax rate is the ratio at which a enterprise or man or woman is taxed. There are several strategies used to present a tax fee: statutory, common, marginal, and powerful. those fees can also be supplied the usage of special definitions applied to a tax base: inclusive and unique.
A tax rate is a percent at which an person or company is taxed. the usa, both the federal government and a number of the states, uses a modern tax fee machine, wherein the proportion of tax charged will increase as the amount of the man or woman's or entity's taxable earnings increases.
The tax rate determines the exact quantity it has to pay. some tax prices, like the tax brackets used for income taxes, range in line with earnings degrees.
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Which of the following is not an example of how you can reduce the full
cost of higher education?
The method used to lower the full cost of higher education is not as follows. As soon as you can, purchase every book from the bookstore.
How can the price of education be lowered?Think about dual enrollment.
Attend a community college first.
Examine the many housing possibilities.
Pick the appropriate menu.
Purchase no new textbooks.
Earn money while attending classes.
Look into all of your available help.
Take good care of your student loans.
What higher education expenses are not deemed to be additional costs?The cost of attending a college or university includes tuition, books, transportation, and room & board.
When figuring out how to pay for college, which of the following should you think about first?The Free Application for Federal Student Aid, or FAFSA, should be filled out by families that are worried about how to pay for college, according to experts. By doing this, you can access a variety of financial aid opportunities, such as loans, grants, and scholarships.
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Which of the four major categories of quality costs is particularly hard to quantify?.
Answer:
External failure costs
Explanation:
have great day
what are the terms used to define the amount of benefit paid in a disability policy that contains an accidental death and dismemberment rider
The capital sum is the amount due in the event of an unintentional blindness or amputation. Depending on the severity of the harm, it is often a proportion of the principle amount.
Explain about the capital sum?
Capital Amount The term "Insured" refers to the amount mentioned in the Schedule to this Policy against the name of the Insured / Insured Person. This amount reflects the Company's maximum liability for any and all claims made under the Accident benefit(s) during the Policy Period against the relevant benefit.
CGT is a tax that you must pay on any profit (capital gain) you make when you sell an item. Not the entire amount you get, only the chargeable gain is subject to tax. The chargeable gain is often the difference between the asset's purchase price and the price at which it was sold.
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if a household's income rises from $46,000 to $46,700 and its consumption spending rises from $35,800 to $36,400, then its:
If a household's income rises from $46,000 to $46,700 and its consumer spending rise from $35,800 to $36,400, then its: marginal propensity to consume is 0.86.
MPC is the share of additional income that a character consumes. as instance if a family earns one more dollar of disposable profits, and the marginal propensity to consume is 0.65, then of that greenback, the household will spend 65 cents and keep 35 cents.
Marginal propensity to eat (MPC) is the percentage of a boost that is spent at the consumption of products and offerings, instead of being stored. A multiplier refers to an economic entry that amplifies the impact of some other variable.
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samantha died on january 18, 2020. her husband dave lived by himself until he remarried in 2021. what was dave's filing status in 2020 and 2021?
The husband filing status will be registering jointly as a single person in 2020; married in 2021.
What is the filing status?According to federal income tax legislation in the United States, a person's filing status affects which tax return form they will submit and plays a significant role in determining their taxable income. Marital status and family circumstances determine filing status.Whether you are married or single will typically define your filing status, and typically your marital status on the last day of the tax year determines your status for the whole year. However, you are regarded as married for that year if your spouse dies away during that time.The three most popular filing statuses on a federal tax return—"single," "married filing jointly," and "head of household"—are among the five available. The most frequently falsely reported status is that of the head of the household.In the given situation, Samantha's husband's filing status will be:
Registering jointly as a single person in 2020; married in 2021.Therefore, the husband filing status will be registering jointly as a single person in 2020; married in 2021.
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which type of debt would not be forgiven in a straight bankruptcy? multiple choice educational loans medical bills credit card debt utility bills personal loans
D) Utility bills are one type of debt that would not be discharged in straight bankruptcy.
How do utility bills work?A utility bill is a monthly statement of how much a home or company owes for utilities or other necessary services. Utilities like gas, water, and electricity are examples. Depending on how you define utilities, you could also include TV, internet, phone, streaming services, sewage, trash, and recycling to that list.
The customer's name, address, and account number are listed on a utility bill. It also includes instructions on how to pay, the amount due, and the due date. Utility bills frequently include information on how you used the service. For instance, a water bill would detail how much water you used during the billing period and possibly illustrate how that quantity varied over the previous few months.
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What is the difference between cost of production per unit under marginal costing and cost per unit under absorption costing?.
The difference between cost of production per unit under marginal costing and cost per unit under absorption costing is that in case of marginal coasting Variances in the opening and closing stock does not influence the cost per unit of output. in absorbing coasting Variances in the opening and closing stock affects the cost per unit.
What is Marginal costing?marginal cost is the change in total production costs that results from making or producing one additional unit. To calculate marginal cost, divide the change in production costs by the change in quantity. The purpose of marginal cost analysis is to determine at what point an organization can achieve economies of scale to optimize production and overall operations. If the marginal cost of producing one additional unit is lower than the unit price, the producer has the opportunity to make a profit.
Marginal cost is calculated from the total costs required to manufacture one additional product. Therefore, it can be measured by the changes caused by each additional unit.
Marginal cost = change in total costs / change in number of units produced.
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inroads enterprises is now ready to perform a detailed assessment of the current marketing conditions facing the company and its product lines. they hope to gain a better understanding of target markets to pursue, better known as group of answer choices strategic marketing channels market segments competitive advantage market opportunities
There are many strategies in marketing that a company can use to increase the sales of a certain product or service. Types of marketing strategies that Inroads Enterprises use to perform a detailed assessment of the marketing conditions in order to gain a better understanding of target markets to pursue is market segments.
What is Market Segment?Segmentation is one of the most fundamental components of marketing strategies. The purpose of segmentation is to develop a better understanding of the target markets for a company to pursue. There are many options we can use when we are trying to segment certain products, such as dividing consumers by their age, economic status, or social status.
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How many story points did you assign to the user story, "as a customer, i want a hassle-free way to return my order so that i can be sure i have the right plant for me."? explain why you chose that number.
The number of story points that can be assigned to the user story is 1.
What are story points?Story points are units of measurement used to express an estimate of the total effort needed to fully implement a product backlog item or any other piece of work. Teams assign story points based on the complexity of the work, the amount of work, and the level of risk or uncertainty.
It actually refers to a type of metric system used in agile project management and development. It is used to estimate the difficulty encountered when implementing a user story.
In other words, a story point is a number that describes or reveals the level of difficulty of a user story. In this situation, since it's less difficult, the assigned number can be 1.
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