Answer:
a. it is part of a group of firms that has formally agreed to control the price and the output of a product.
Explanation:
A monopolistic competitive firm ensures that, the price of goods and the output of the products produced by them is controlled. This helps them to dictate the market in which they find themselves in.
c. marginal.
d. switching.
Answer:
d. switching.
Explanation:
Since in the question it is mentioned that Mountain university used IBM computers also the apple computers offered them a better machiner at a lesser cost but the university did not buyed as the switching cost is too high
Bcz from exchanging from IBM computer to Apple computers the cost is high and that cost we called as switching
Hence, the correct option is d.
Answer:
The Best Cost System is the "Process Costing System"
Explanation:
A Process Costing System amasses costs when an enormous number of indistinguishable units are being created. Right now, is generally proficient to collect expenses at a total level for an enormous group of items and afterward dispense them to the individual units delivered. The supposition that will be that the expense of every unit is equivalent to that of some other unit, so there is no compelling reason to follow data at an individual unit level. The great case of a procedure costing condition is an oil treatment facility, where it is difficult to follow the expense of a particular unit of oil as it travels through the processing plant.
Answer: Process costing system.
Explanation: A process costing system used in the manufacturing industry that accumulates the costs of producing a continuous stream of similar items.
It is calculated thus:
Cost per unit = cost of unit/ expected output in unit.
Using process costing method is very efficient to accumulate costs at an aggregate level for a large batch of products and then allocate the cost to the individual units produced.
There are three types of process costing and they are:
1. Weighted Average Cost
2. FIFO - First In First Out
3. Standard Cost
Answer:
(A) realize financial rewards.
Explanation:
In theory (textbook) the no.1 reason that people become entrepreneurs is to achieve maximum return. The concept of higher risk, higher return is the key here. Business as compared to Services and Profession, has the highest risk thereby giving the best returns out of the three.
However, in practicality people adopt business to pursue their own ideas, gain prestige, be their own boss, continue a family tradition and also to realize financial rewards.
Answer:
The answer is D. identify the problem or opportunity.
Explanation:
The first step in making the right decision is recognizing the problem or opportunity and deciding to address it, this involves determining why this decision will make a difference to your customers.
Answer:
France
Germany
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.
France has a lower opportunity cost in the production of olives compared to Germany.
It means that Germany would have a lower opportunity cost in the production of fish when compared to France.
I hope my answer helps you
France has a comparative advantage in the production of olives because it gives up less fish to produce them than Germany does. Conversely, Germany has a comparative advantage in fish production as it sacrifices less to produce fish than olives.
Comparative advantage is an economic concept that identifies the goods a country can produce in a cost-effective way compared to other countries. In the scenario where France's opportunity cost for producing one crate of olives is 4 pounds of fish and Germany's opportunity cost for the same crate of olives is 10 pounds of fish, we can deduce that France has a comparative advantage in olive production and Germany has a comparative advantage in fish production since it gives up less to produce the same amount of fish as opposed to olives.
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Answer:
Tax Liability = $59,170
Explanation:
Profit on building = 234,000-(204,000-56,000)
Profit on building = $86,000
Loss on equipment = 84,000 - (152,000-27,000)
Loss on equipment = $41,000
Net profit = Profit on building - Loss on equipment
Net profit = $86,000 - $41,000
Net profit = $45,000
Taxable income before transaction = $194,500
Total taxable income = $194,500 + $45,000
Total taxable income = $239,500
According to tax rules
Tax Liability = ($194,500 - $85,650)28% + 17,442 + ($45,000)(25%)
Tax Liability = $47,920 + $11,250
Tax Liability = $59,170