A large software company has developed the most popular word processor
on the market. Almost every consumer and business in the country uses its
product, which has forced most of its competitors out of business. If a new
company tries to promote an innovative word processor of its own, the large
company usually buys that business right away to eliminate the competition.
2
This situation best illustrates which market condition?

Answers

Answer 1

This situation best illustrates the market condition of Monopoly.

what are the real means of Monopoly?

A monopoly is a dominant position of an industry or a zone by means of one agency, to the point of excepting all different possible competitors. Monopolies are frequently discouraged in loose-market countries. they're seen as main to price-gouging and deteriorating exceptional due to the dearth of opportunity choices for purchasers.

what's a monopoly instance?

Monopoly instance #1 – Railways

The government affords public services just like the railways. for this reason, they are a monopolist due to the fact new partners or privately held companies are not allowed to run railways. however, the charge for the tickets is affordable so that the general public can use public shipping.

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Answer 2

Answer:

monopoly

Explanation:


Related Questions

Angerstein Inc. produces calendars in a two-process, two-department operation. In the Printing Department, calendars are printed and cut. In the Assembly Department, the material received from Printing is assembled into individual calendars and bound. Each department maintains its own Work in Process Inventory, and costs are assigned using FIFO process costing. In Assembly, conversion costs are incurred evenly throughout the process; direct material is added at the end of the process. For September, the following production and cost information is available for the Assembly Department:
• Beginning WIP Inventory: 5,000 calendars (30 percent complete as to conversion); transferred in cost, $7,550; conversion cost, $1,093
• Transferred in during September: 80,000 calendars
• Current period costs: transferred in, $80,000; direct material, $10,270, conversion, $13,991
• Ending WIP Inventory: 6,000 calendars (80 percent complete as to conversion) For the Assembly Department, compute the following:
a. Equivalent units of production for each cost component EU for transferred in 85,000 x EU for direct materials 79,000 EU for conversion 83,800 x
b. Cost per EUP for each cost component Note: Round your answers to two decimal places. Transferred in cost per EUP $ 87.550 X Material cost per EUP Conversion cost per EUP $ 0 x
c. Cost transferred to Finished Goods Inventory Note: Round your final answer to the nearest whole dollar. $ 105,860
d. Cost of ending WIP Inventory Note: Round your final answer to the nearest whole dollar. $ $ 7,044

Answers

Answer:

a) EU for transferred in costs = 80,000

EU for materials costs = 79,000

EU for conversion costs = 82,300

b) cost per EU for transferred in costs = $1

cost per EU for materials costs = $0.13

cost per EU for conversion costs = $0.17

c) costs transferred to finished goods inventory = $106,088

d) cost of ending WIP = $6,816

Explanation:

units completed = 5,000 + 80,000 - 6,000 = 79,000

beginning WIP 5,000 units:

transferred in costs $7,550

30% completed for conversion costs ($1,093)

0% completed for materials

current period:

transferred in costs $80,000, cost per EUP = $80,000 / 80,000 = $1.00

materials $10,270, cost per EUP = $10,270 / 79,000 = $0.13

conversion $13,991, cost per EUP = $13,991 / [(5,000 x 70%) + 74,000 + (6,000 x 80%)] = $13,991 / 82,300 = $0.17

costs transferred to finished goods inventory = (74,000 x $1) + (79,000 x $0.13) + (77,500 x $0.17) + $7,550 + $1,093 = $106,088

ending WIP = (4,800 x $0.17) + $6,000 = $6,816

Swanson Company has identified the following activities related to indirect production costs: Activity Activity Costs Cost Drivers Machine Setup $180,000 1,500 Setup Hours Materials Handling $50,000 12,500 pounds of materials Electric Power $20,000 20,000 Kilowatt hours Swanson Company has obtained the following data concerning two products: Product 1 Product 2 Number of units produced 4,000 20,000 Direct Material Cost $20,000 $25,000 Direct Labor Cost $12,000 $20,000 Number of setup hours 100 120 Pounds of materials used 500 1,500 Kilowatt-hours 1,000 2,000 Using Activity Based Costing, what is the total production cost per unit for Product 1

Answers

Answer:

Unitary cost= $11.75

Explanation:

First, we need to calculate the predetermined overhead rate for each activity:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine Setup= 180,000/1,500= $120 per set up hour

Materials Handling= 50,000/12,500= $4 per pound

Electric Power= 20,000/20,000= $1 per kilowatt hour

Product 1:

Number of units produced 4,000

Direct Material Cost $20,000

Direct Labor Cost $12,000

Number of setup hours 100

Pounds of materials used 500

Kilowatt-hours 1,000

Now, we can determine the total cost for Product 1:

Total cost= 20,000 + 12,000 + (120*100 + 4*500 + 1*1,000)

Total cost= $47,000

Finally, the unitary cost:

Unitary cost= 47,000/4,000

Unitary cost= $11.75

Which applicants would be best qualified for the jobs based on educational level?
O Applicant 2 is qualified to be a Radiologist, applicant 1 is qualified to be an Orderly, and applicants 2, 3, and 4
are qualified to be Biomedical Engineers.
O Applicant 3 is qualified to be a Radiologist, applicant 2 is qualified to be an Orderly and applicants 1 and 4 are
qualified to be Biomedical Engineers
O Applicant 1 is qualified to be a Radiologist, applicant 4 is qualified to be an Orderly, and applicants 2 and 3 are
qualified to be Biomedical Engineers.
O Applicant 4 is qualified to be a Radiologist, applicant 3 is qualified to be an Orderly, and applicants 1, 2, and
are qualified to be Biomedical Engineers

Answers

Answer:

Applicant 4 is qualified to be a Radiologist, applicant 3 is qualified to be an Orderly, and applicants 1, 2, and 4 are qualified to be Biomedical Engineers.

Explanation:

Applicant 4 is qualified to be a Radiologist, applicant 3 is qualified to be an Orderly, and applicants 1, 2, who are qualified to be Biomedical Engineers would be best qualified for the jobs based on educational level.

What is a job?

Body of reporting, particularly a particular task carried out as part of one's daily duties or for a set fee. As a means of generating income and gaining access to a variety of crucial and – anti-goods, systems, and exercises, work plays a significant role in the framing of a patient's identity development.

In this, there will be an application that will be some changes with the person who is qualified. This can be with respect to the carriers that were like radiologists, Biomedical Engineers. As the person will be the one who will be educated will get the job.

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How much would a person have to deposit now to be able to withdraw $550 at the end of each year for 20 years from an account that earns 11 percent?
$3.785 95
$4 379 83
54 739 95
$5.076.55

Answers

Answer: $4,379.83

Explanation:

Given the following details:

Periodic payment = $550

Interest rate = 11%

Number of periods = 20 years

Present Value (PV) = P[(1 - (1 + r)^-n) / r]

Where

P = periodic payment = $550

r = Interest rate = 11% = 0.11

n = number of periods = 20

PV = 550[(1 - (1 + 0.11)^-20) / 0.11]

PV = 550[(1 - (1.11)^-20) / 0.11]

PV = 550[(1 - 0.1240339) / 0.11]

PV = 550[0.8759660 / 0.11]

PV = 550(7.9633281)

PV = 4379.8304

PV = 4379.83

During its first month of operations in March, Volz Cleaning, Inc., completed six transactions with the dollar effects indicated in the following schedule:
Dollar Effect of Each of the Six Transactions Ending Balance
Accounts 1 2 3 4 5 6
Cash $ 45,000 $ (8,000) $ (2,000) $ (7,000) $ 3,000 $ (4,000)
Investments (short-term) 7,000 (3,000)
Notes receivable (due in six months)2,000
Computer equipment 4,000
Delivery truck 35,000
Notes payable (due in 10 years) 27,000
Common stock (3,000 shares) 6,000
Additional paid-in capital 39,000
Prepare a classified balance sheet for Volz Cleaning, Inc., at the end of March.

Answers

Answer and Explanation:

The Preparation of classified balance sheet for Volz Cleaning, Inc., at the end of March is shown below:-

Assets

Current Assets:

Cash                                          $27,000

($45,000 - $8,000 - $2,000 - $7,000 + $3,000 - $4,000)

Investment (short term)             $4,000

($7,000 - $3,000)

Notes receivables                     $2,000

Total Current Assets                 $33,000

Long Term Non Current Assets:

Computer equipment                  $4,000

Delivery Truck                              $35,000

Total long term                            $39,000

Total assets                                   $72,000

Liabilities

Liabilities

Notes payable                           $27,000

Total liabilities                            $27,000

Stockholder equity

Common Stock                        $6,000

Additional Paid in Capital $39,000

Total Stockholder's equity  $45,000

Total Liabilities & Stockholder's

equity                                         $72,000

2. An electronics manufacturing firm is currently manufacturing resistors that have a variable cost of $0.50 per unit and a selling price of $1.00 per unit. Fixed costs are $100,000. Current volume is 300,000 units. The firm can substantially improve the product quality by adding a new piece of equipment at an additional fixed cost of $60,000. Variable cost would increase to $0.60, but volume should jump to 500,000 units due to the higher-quality product. a. Should the firm buy the new equipment? b. What is the minimum price the company would have to charge in order for the new equipment to be worth purchasing (assuming the higher or lower price doesn’t affect the 500,000 unit volume)?

Answers

Answer:

a. Should the firm buy the new equipment?

no, because operating profit will decrease

b. What is the minimum price the company would have to charge in order for the new equipment to be worth purchasing (assuming the higher or lower price doesn’t affect the 500,000 unit volume)?

$1.02 per unit

Explanation:

contribution margin per unit = $0.50

total units sold = 300,000

fixed costs = $100,000

operating income = (300,000 x $0.50) - $100,000 = $50,000

if the firm improves the quality of their products:

contribution margin per unit = $0.40

total units sold = 500,000

fixed costs = $160,000

operating income = (500,000 x $0.40) - $160,000 = $40,000

if you want to keep operating income at $50,000 then minimum sales price should be:

500,000 = $210,000 / contribution margin

contribution margin = $210,000 / 500,000 = $0.42

sales price = contribution margin + variable costs = $0.42 + $0.60 = $1.02 per unit

You are given the following series of​ one-year interest​ rates: 3​%, 5​%,13 %, 15​% Assuming that the expectations theory is the correct theory of the term​ structure, calculate the interest rates in the term structure for maturities of one to four​ years, and plot the resulting yield curve. 1. Using the point drawing​ tool, plot the interest rate​ (calculated using the data​ above) for each of the four terms to maturity. Properly label each point according to its corresponding term. 2. Using the​ 4-point curved line drawing tool​, connect these points. Label your curve​ 'yield curve'. Carefully follow the instructions​ above, and only draw the required objects.

Answers

Answer:

interest rate for year 1 = 3%

interest rate for year 2 = ( 3% + 5% )/2 = 4%

interest rate for year 3 = ( 3% + 5% + 13% )/ 3 = 7%

interest rate for year 4 = ( 3% + 5% + 13% + 15%) / 4 = 9%

Explanation:

Interest rates :

interest rate for year 1 = 3%

interest rate for year 2 = ( 3% + 5% )/2 = 4%

interest rate for year 3 = ( 3% + 5% + 13% )/ 3 = 7%

interest rate for year 4 = ( 3% + 5% + 13% + 15%) / 4 = 9%

Attached below is the plot

Suppose you are going to receive $13,600 per year for six years. The appropriate interest rate is 8.5 percent. a. What is the present value of the payments if they are in the form of an ordinary annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the present value if the payments are an annuity due? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. Suppose you plan to invest the payments for six years. What is the future value if the payments are an ordinary annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. Suppose you plan to invest the payments for six years. What is the future value if the payments are an annuity due? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

a. What is the present value of the payments if they are in the form of an ordinary annuity?

present value = annual payment x annuity factor

annual payment = $13,600PV annuity factor, 8.5%, 6 periods = 4.55359

present value = $61,928.82

b. What is the present value if the payments are an annuity due?

present value = annual payment x annuity due factor

annual payment = $13,600PV annuity due factor, 8.5%, 6 periods = 4.94064

present value = $67,192.70

c. Suppose you plan to invest the payments for six years. What is the future value if the payments are an ordinary annuity?

future value = annual payment x annuity factor

annual payment = $13,600FV annuity factor, 8.5%, 6 periods = 7.42903

future value = $101,034.81

d. Suppose you plan to invest the payments for six years. What is the future value if the payments are an annuity due?

future value = annual payment x annuity due factor

annual payment = $13,600FV annuity due factor, 8.5%, 6 periods = 8.0605

future value = $109,622.80

Frinut Company estimates the following overhead costs for the coming year: Equipment depreciation $250,000 Equipment maintenance 50,000 Supervisory salaries 20,000 Factory rent 100,000 Total $420,000 Frinut budgeted $600,000 in direct labor costs and 14,000 machine hours for the coming year. (a) Incorrect answer iconYour answer is incorrect. Calculate the predetermined overhead rate using direct labor costs as the allocation base. (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate $enter the predetermined overhead rate in dollars per direct labor 1.7 per direct labor Attempts: 1 of 1 used (b) Incorrect answer iconYour answer is incorrect. Calculate the predetermined overhead rate using machine hours as the allocation base. (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate $enter the predetermined overhead rate in dollars per machine hour 72.86 per machine hour

Answers

Answer:

$0.70 per direct labor hour

$30 per direct labor hour

Explanation:

The computation is shown below:

a. For  predetermined overhead rate using direct labor costs is

= Estimated overhead ÷ estimated direct labor cost

= $420,000 ÷ $600,000

= $0.70 per direct labor hour

b. For  the predetermined overhead rate using machine hours is

= Estimated overhead ÷ estimated machine hours

= $420,000 ÷ 14,000 machine hours

= $30 per direct labor hour

Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 120 units at $39 10 Sale 90 units 15 Purchase 140 units at $40 20 Sale 110 units 24 Sale 45 units 30 Purchase 160 units at $43 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

Answers

Answer:

COGS and inventory balance under LIFO (last in, first out):

November 10 sale

COGS = 90 x $39 = $3,510inventory balance after sale = $1,170

November 20 sale

COGS = 110 x $40 = $4,400inventory balance after sale = $2,370

November 24 sale

COGS = 30 x $40 = $1,200COGS = 15 x $39 = $585total COGS = $1,785inventory balance after sale = $585

When calculating costs under LIFO, we must use the cost of the last units purchased for determining cost of goods sold. This method is generally used when the price of the goods tends to increase during the period.

Sweet Catering completed the following selected transactions during May 2016:May 1: Prepaid rent for three months, $2,400May 5: Received and paid electricity bill, $90May 9: Received cash for meals served to customers, $3,510May 14: Paid cash for kitchen equipment, $3,730May 23: Served a banquet on account, $1,520May 31: Made the adjusting entry for rent (from May 1).May 31: Accrued salary expense, $2,630May 31: Recorded depreciation for May on kitchen equipment, $560If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.

Answers

Answer:

See explanation below

Explanation:

• Computation of Net income/loss recorded for the month of May, using accrual method

Received cash for meals served to customers $3,510

+ Served a banquet on account $1,520

Total revenue $5,030

Less: expenses

(-) rent expense for May ($2,400/3) ($800)

(-) received and paid electricity bill ($90)

(-) accrued salary expense ($2,630)

(-) depreciation expense for May on kitchen equipment ($560)

Net income (revenue - expenses) $950

• Computation of Net income/loss recorded for the month of May, using cash method

Received cash for meals served to customers $3,510

(-) prepaid rent for three months ($2,400)

(-) received and paid electricity bill ($90)

(-) paid cash for kitchen equipment ($3,730)

Net loss ($2,710)

Rhonda owns 50% of the stock of Peach Corporation. She and the other 50% shareholder, Rachel, have decided that additional contributions of capital are needed if Peach is to remain successful in its competitive industry. The two shareholders have agreed that Rhonda will contribute assets having a value of $200,000 (adjusted basis of $15,000) in exchange for additional shares of stock. After the transaction, Rhonda will hold 75% of Peach Corporation and Rachel's interest will fall to 25%. a. What gain is realized on the transaction

Answers

Answer:

$185,000

Explanation:

According to the given situation, the computation of gain is shown below:-

Recognized gain = Amount realized—stock - Adjusted basis of property transferred

= $200,000 - $15,000

= $185,000

Therefore, for computing the recognized gain we simply applied the above formula.

Hence, the gain realized on the transaction is $185,000

The following transactions occurred during March, the first month of operations for Quality Galleries, Inc. * Capital Stock was issued in exchange for $360,000 cash. * Purchased $180,000 of equipment by making a $60,000 cash down payment and signing a note payable for the balance. * Made a $35,000 cash payment on the note payable from the purchase of equipment. * Sold a piece of equipment for cash of $18,000. The equipment was sold at cost, so there is no gain or loss on the sale. What are total assets of Quality Galleries at the end of March

Answers

Answer:

$445,000

Explanation:

Calculation for the total assets of Quality Galleries at the end of March

First step is to find the balance in the Cash account at the end of March

Cash account balance =$360,000 - $60,000 - $35,000 + $18,000

Cash account balance = $283,000

Now that we have know the Cash account balance the Second step is to calculate for total assets at the end of March

Total assets = $283,000+ $180,000 - $18,000

Total assets = $445,000

Therefore the total assets of Quality Galleries at the end of March will be $445,000

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