Which of the following is an appropriate solution to an overspending allowance?A. Keep spending money until it is appropriate to write a new budget at the beginning of the month.
B. Borrow money.
C. Find other places in the budget where money can be re-purposed.
D. Remember that over the course of a year everything will balance out.

Answers

Answer 1

Answer:

Answer:

Explanation:

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A monopolist has a supply curve that is upward-sloping, just like a competitive firm. does not have a supply curve because the monopolist sets its price at the same time it chooses the quantity to supply. has a horizontal supply curve, just like a competitive firm. does not have a supply curve because marginal revenue exceeds the price it charges for its products.

Answers

Answer:

A monopolist does not have a supply curve because price and quantity are decided at the same time.

Explanation:

A supply curve is generally upward sloping showing a direct relationship between the price level and quantity supplied. In case of a perfectly competitive market, the demand curve is a horizontal curve, showing marginal; revenue and average revenue. The firm here is a price taker and decides the quantity to be supplied according to the price level. The firm is able to maximize profit at the level of output where the price is equal to marginal cost.

However, in case of a monopoly, the firm is a price maker. There is no unique relation between price and quantity. The price and quantity to be supplied are determined at the same time at the point where marginal revenue is equal to marginal cost.

Final answer:

Unlike a competitive firm, a monopolist does not have a supply curve since they set both their price and production quantity. They use their marginal revenue and marginal cost to determine these, setting their price at the highest amount consumers are willing to pay for their profit-maximizing quantity. A monopolist's marginal revenue is generally less than their product's price.

Explanation:

Contrary to a competitive firm, a monopolist does not have a defined supply curve because they determine both their price and production quantity. This ability is due to the monopolist's unique position as the sole supplier in the market. However, they don't set these arbitrarily; their decisions are guided by their marginal revenue—the additional income from selling one more unit—and their marginal costs. Where these two meet is their profit-maximizing quantity, and the highest price consumers are willing to pay for that quantity becomes the price. It's essential, however, to remember that a monopolist's marginal revenue is typically less than the price they charge for their product, which is why we say they don't have a supply curve.

Learn more about Monopolist here:

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QRT Software creates and distributes inventory control software. The heart of QRT Software is a small group of product managers who work with a number of external companies. One company develops the code, another is responsible for marketing, a third for quality control, and a fourth for distribution. Here is the organizational chart showing the structure or departmentalization for QRT Software.1. CEO2. Tools

3. Compost

4. Sales

5. Manufacturing

6. Accounting

7. Sales

8. Manufacturing

9. Accounting

Answers

Question:

The question is incomplete. What you are required to find was not stated. See below the remaining part of the question and the answer.

QRT Software has a ---------------- structure.

a. Team-bases

b. Matrix

c. Divisional

d. Virtual Network

e. Functional

Answer:

The correct answer is option (d) Virtual Network structure

Explanation:

Virtual network structure simply means a structure that is formed by creating alliance of several organization outsourced for the aim of developing products for the customers.

This structure allows an organization to focus on a core competency. The structure uses outsourcing extensively to achieve organizational goals and decision making is highly centralized.

What is the consequence of a firm in a competitive market selling a homogenous product?a. The firms capture some market power.
b. The product sold by one firm is a perfect substitute for the products sold by other firms in the same industry.
c. All the firms in the industry are the same size.
d. The product sold by one firm is a perfect complement for the products sold by other firms in the industry.
e. Firms in the industry can produce the same product with a different quantity of inputs.

Answers

Answer:

The correct answer is letter "B": The product sold by one firm is a perfect substitute for the products sold by other firms in the same industry.

Explanation:

Homogeneous products are those that cannot be differentiated one from another because they have similar features and satisfy the same need. They could even be sold at the same or nearly the same price. Under this scenario, these products are perfect substitutes from one another. Consumers will not be affected if one of the manufacturers decides to stop operations.

Treynor Pie Company is a food company specializing in high-calorie snack foods. It is seeking to diversify its food business and lower its risks. It is examining three companies—a gourmet restaurant chain, a baby food company, and a nutritional products firm. Each of these companies can be bought at the same multiple of earnings. The following represents information about all the companies. Company Correlation with Treynor Pie Company Sales ($ millions) Expected Earnings ($ millions) Standard Deviation in Earnings ($ millions) Treynor PieCompany + 1.0 $ 170 $ 8 $ 2.0 Gourmet restaurant + .4 64 8 1.3 Baby food company + .4 53 5 1.8 Nutritionalproducts company − .7 71 6 3.6 a-1. Compute the coefficient of variation for each of the four companies

Answers

Answer:

The coefficient of variation for each of the four companies is:

- Treynor Pie Company = 0.25 (2/8)

- Gourmet restaurant = 0.16 (1.3/8)

- Baby food Company = 0.36 (1.8/5)

- Nutritional products Company = 0.16 (1/6)

Explanation:

In finance, the coefficient of variation is a statistical measure that represents the ratio of the standard deviation and the mean of a data series related to the return on investment. It allows investors to determine how much volatility, or risk, is assumed in comparison to the amount of return expected from investments. The lower the ratio of the standard deviation to mean return, the better risk-return trade-off.

Formula: CV=σ/μ

Where:

σ = standard deviation

μ = mean

The bookkeeper for Wildhorse Co. asks you to record the following accrual adjustments at December 31 in the tabular summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) (a) Interest on notes payable of $350 is accrued.
(b) Services performed but unbilled totals $1,850.
(c) Salaries of $700 earned by employees have not been recorded.
Assets Liabilities Stockholders' Equity Accounts_ Interest Payable +Payable Sal./Wages ^ Com Stock Adjustment Receivable + Rev. Exp Div

Answers

Answer:

The attached file has the answer required.

Interest on notes payable will be a liability as it is accrued. It will still be accounted from the expenses however.

Services is a revenue stream that was not recorded so it will go to Accounts Receivable and Revenue.

Salaries unpaid will become a liability and an expense in the income statement.

Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $154,500, allowance for doubtful accounts of $1,165 (credit) and sales of $1,175,000. If uncollectible accounts are estimated to be 0.5% of sales, what is the amount of the bad debts expense adjusting entry?