A free market is one where decisions regarding what and how much to produce are made by the market itself. This market is made up of buyers and sellers negotiating prices for goods and services. It is generally accepted that there are four degrees of competition within a free-market system. These include perfect competition, monopolistic competition, oligopoly, and monopoly. One benefit of the free market is that it allows open competition among companies. Businesses must provide customers with high-quality products at fair prices with good service. If they don't, they lose customers to businesses that do. Select the degree of competition that best describes each listed industry or business based on the description. 1. Automotive Industry: In this industry, there are a few sellers that tend to dominate the market.
Answers
Question Completion:
Automotive Industry
ACME Light and Power
Airline Industry
Soda Industry
Beet Industry
Cable Television Industry
Agricultural Commodities
Athletic Shoe Industry
Answer:
Industry Type of Competition
Automotive Industry Oligopoly
ACME Light and Power Monopoly
Airline Industry Oligopoly
Soda Industry Monopolistic Competition
Beet Industry Perfect Competition
Cable Television Industry Monopoly
Agricultural Commodities Perfect Competition
Athletic Shoe Industry Monopolistic Competition
Explanation:
a) Data:
Four degrees of competition within a free-market system. These include:
Perfect competition = many sellers of goods and services that are identical to one another.
Monopolistic competition = many firms who are selling non-identical goods and services.
Oligopoly = few sellers who do not dominate others but have influence.
Monopoly = one seller of a good or service.
Related Questions
Assume that one year ago, you bought 340 shares of a mutual fund for $36 a share, you received a capital gain distribution of $0.55 per share during the past 12 months, and the market value of the fund is now $40 a share.
a. Calculate the total return for your $12,240 investment.
Answers
The total return on this mutual fund investment is $12,427.
Total return on investment refers to the total profit or loss on an investment, including any capital appreciation and dividends or distributions received.
Here's how to calculate the total return on a mutual fund investment:
Step 1: Calculate the total initial investment by multiplying the number of shares by the purchase price per share. For this investment, the total initial investment is: 340 shares x $36/share = $12,240.
Step 2: Add any capital gain distributions received during the investment period. In this case, the capital gain distribution per share is $0.55, so the total capital gain distribution received is: 340 shares x $0.55/share = $187.
Step 3: Calculate the current market value of the investment by multiplying the number of shares by the current market price per share.
In this case, the current market value is: 340 shares x $40/share = $13,600.
Step 4: Add any dividends or interest payments received during the investment period, if applicable.
If no dividends or interest payments were received, skip this step.
Step 5: Calculate the total return by adding the initial investment, capital gain distributions, and dividends or interest payments (if applicable), and then subtracting any fees or commissions paid during the investment period.
In this case, the total return is: $12,240 + $187 = $12,427.
For more such questions on mutual fund
https://brainly.com/question/31319575
#SPJ8
A Company had beginning retained earnings of $190,000, net income of $52,000, and
dividends of $52,000. The ending retained earnings is;
Answers
Answer:
$190,000
Explanation:
Retained earnings are the profits not distributed to shareholders as dividends. In a given period, retained earnings will be the difference between profits and dividends.
I.e., retained earning = profits - dividends.
Therefore, Ending retained earning can be calculated as
Beginning retained earning + profits - dividends.
In this case
retained earnings = $190,000 + $52,000 - $52,000
=$242,000 - $52,000
=$190,000
Blank and blank is another word for networking
Answers
(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Answers
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
L learn more on Variance on https://brainly.com/question/9304306
#SPJ1
NEED HELP ASAP
In the circular flow diagram with government, what does the government provide directly to firms?
A. expenditures
B. factors of production
C. taxes
D. goods and services
Answers
In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.
In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.
The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.
Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.
These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.
By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.
This enables businesses to operate efficiently and effectively, contributing to economic growth and development.
For more such questions on circular flow diagram
https://brainly.com/question/27515451
#SPJ8
brenden is examining a report using the design view
Answers
Brendan is examining a report using the design view. Report header, section in the design view is going to appear only once on the first page and could contain logos and title information. Thus, option (c) is correct.
What is report?A term report refers to shown in the accurate data. It was the design in the formal manner. It was the measurement of the report data. A report is the evidence. It was the analysis and they solve the problem.
Brendan is examining a report, as the consist of the various data. He was the decided the data divided in each section. Report Header Section on first page as the mention on the contain logos and title, and the other information.
As a result, the conclusion examining a report using the report header are the aforementioned. Therefore, option (c) is correct.
Learn more about on report, here:
https://brainly.com/question/14969693
#SPJ9
Your question is incomplete, but most probably the full question was.
Brendan is examining a report using the design view. which section in the design view is going to appear only once on the first page and could contain logos and title information?
page header
page footer
report header
report footer
why are manufactured goods more valuable to the economy than services (select all that apply)
1. manufactured goods can be exported to other countries
2. manufacturing workers have more money to spend on other goods and services
3. manufactured goods are less expensive than handmade goods
4. manufacturing workers save more money than other workers.
Answers
Under the gross method, ________. A. the processing fees charged are deducted from the company's bank account by the credit card processor B. the total sales plus the processing fee assessed equals the net amount of cash deposited C. the proceeds from debit and credit card transactions are deposited on the last day of the month D. there will be no fee charged by the credit card processor for the transaction
Answers
Answer: . A. the processing fees charged are deducted from the company's bank account by the credit card processor
Explanation:
Gross method is simply used for recording purchases made by th customers at full invoice price. It should be noted that there are no deduction in cash discounts.
Under the gross method, the processing fees charged are deducted from the company's bank account by the credit card processor.
Select all the words that are associated with Demand
Answers
When is the advisable time to start building or adding to your own professional network?
Question 5 options:
a)
Upon graduation
b)
When you need a job
c)
Whenever you have time
d)
Right now
Answers
Answer:
A. Upon Graduation
ECONOMICS PLEASE HELP
Answers
Economics is a social science that examines how products and services are produced, distributed, and consumed as well as the decisions that people, corporations, governments, and nations make when allocating resources.
What serves as economics' support?
Those who study economics are better able to comprehend their surroundings. It makes it possible for individuals to comprehend other people, organisations, markets, and governments, enabling them to better react to the challenges and possibilities that arise when circumstances change. Economics is the study of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are extremely important to society.
To know more about economics' click on the link below:
https://brainly.com/question/17996535
#SPJ1
_____ can be used for up to 90 percent of its assessed value.
Real estate
Accounts receivable
Insurance policies
Equipment
(ONLY ANSWER IF YOU ACTUALLY KNOW)
Answers
Investors who prefer gains through appreciation will generally prefer a ___________ dividend payout ratio.
Answers
Investors who prefer gains through appreciation will generally prefer a measure of dividend payout ratio.
What is dividend payout ratio?The Dividend Payout Ratio (DPR) can be described as the amount of dividends that is been paid to shareholders in relation to the total amount of net income the company generates.
It should be noted that the investors do like to gains through appreciation and it will be a measure of dividend payout ratio, hence the use of the ratio is very important in the firms.
Learn more about investment at:
https://brainly.com/question/1305349
#SPJ1
explain about foreign trade payment system
Answers
Answer:
The exporter's bank forwards the documents to the importer's bank. The importer's bank requests payment from the importer by presenting the documents. The importer makes payment and receives the documents and collects the goods. The importer's bank pays the exporter's bank and the exporter's bank pays the exporter.
“Automation is bad for the economy because machines will eventually replace almost all human workers, creating high unemployment and poverty.” Do you agree or disagree? Explain your answer.
Answers
I agree that "automation is bad for the economy because machines will eventually replace almost all human workers, creating high unemployment and poverty". This is because with automation, most jobs will be done by machines and robots. This will leave a large percent of human workers jobless.
What is Automation?Automation may result in job losses and wage reductions. Be aware that those who can operate machines are thought to be more productive than those who cannot.
Keep in mind that automation tends to reduce both the costs and prices of goods and services, making consumers feel richer while also causing certain human skills to be lost.
Accordingly, the following abilities will be lost as automation is implemented:
A. Communication Skills.
B. Social Skills.
C. Critical Thinking
D. the application of imagination and reflection.
Learn more about automation here: https://brainly.com/question/28530316
#SPJ1
Discussion Questions
15-1. This chapter discusses four important issues
that will shape compensation professionals?
work for years to come. Which one of these
issues stands to create the greatest uncertainty
for compensation professionals? Explain
your answer.
Answers
The question is about the Compensation of professionals and its issues.
The most important issue out of the four discussed is the workforce diversity, this creates a great uncertainty in compensating the professionals.
Diversity in professionals create an environment where a group of people are working more and hard while the other group of people does not work much hours but still the compensation is on a similar level and sometimes when this compensation is varied with the group it is highly regarded as the inequality.
Learn more at https://brainly.com/question/25802715
Which of the following is considered a broad
field that determines the overall structure and
flow of a space or object?
A. Design
B. Project management
C. Sculpting
Answers
Design is considered as broad field that determines the overall structure and flow of a space or object.
What does Design mean in Art?Design is an art form, a method of human expression that employs a set of highly developed procedures to instill meaning in objects, performances, and experiences. Design, like any other art form, has the potential to solve problems, but there is no guarantee that it will.
To create amazing images, design allows you to control the viewer's eye. Each piece connects on the first try thanks to the use of contrast and shot composition. This includes thinking about how the viewer's attention will move from one area to the next and from one scene to the next.
Read more about design
brainly.com/question/2604531
#SPJ1
1. As a young child, Karina had a passion for animals and environmental issues. After she graduated from college, Karina landed a job in an organization whose mission is to create public awareness about endangered animals and other environmental issues. Karina’s employer depends largely on grants and donations to fund business activities.
Answers
Answer: Non-profit corporation
Explanation:
The question seeks to find out what kind of company Karina works for. The answer would be a Non-profit Corporation. Non-profit Organizations are usually involved in humanitarian and altruistic pursuits such animal rights and environmental protection.
Non-profit usually rely on grants and donations in order to carry out their operations and they get usually these from wealthy individuals and companies as part of their Corporate Social Responsibility.
how bill of rights affect you as a young person
Answers
There are several significant ways that the Bill of Rights impacts young people. The Bill of Privileges, which comprises the first ten amendments to the U.S. Constitution, specifies the fundamental liberties and privileges to which all citizens are entitled.
Due to age-related prejudice and barriers to exercising their rights, young people's potential is restricted. Thus, the full enjoyment of fundamental rights and freedoms by youth is referred to as the human rights of youth.
Future generations will shape society. Simply maintaining the status quo of society is all that is required of the younger generation. The youngster develops leadership skills and has the potential to positively impact others' lives when they devote their thoughts and efforts to resolving social concerns.
Learn more about Youth Rights here:
https://brainly.com/question/2062970
#SPJ1
A debtor, who owed a company $565, deposited a check in the bank. The bank credited the company’s account by the same account. However, in the company’s checkbook balance, it was credited as $556. What will the adjusting journal entries be?
The company will debit the cash account with $(9,556,547)and(Add,credit,debit)to the accounts receivable account the same amount to rectify the error.
Answers
Answer:
9 and credit
Explanation:
got it correct on edmentum/plato
The gap between what food handlers are required to know to perform their jobs and what they actually know
Answers
Answer:
training needs
Explanation:
Training can be regarded as
performance improvement tool that can be used when performance of employee is below the expectation or not meeting up to a required standard
It should be noted that training needs
The gap between what food handlers are required to know to perform their jobs and what they actually know
FBLA-PBL state chapters usually have a number of elected__________ who
represent the state's various regions.
A. Vice Presidents
B. Secretaries
C. Treasurers
D. Presidents
Answers
FBLA-PBL state chapters usually have a number of elected, treasurers to represent the state's various regions. Thus, option C is correct.
What is FBLA-PBL?The goal of FBLA is to give high school students in business and/or company subjects more opportunities to build professional and career-supporting competencies and to encourage social and individual accountability as a vital component of the academic curriculum.
In a meeting of the National Leadership Conference, a state chapter shall submit a nomination for treasurer. At its multiple local gatherings at the National Leadership Conference, a state chapter shall propose the national vice presidents who will address the regions. Therefore, option C is the correct option.
Learn more about FBLA-PBL, here:
https://brainly.com/question/17819804
#SPJ1
Answer:
A. Vice Presidents
Hope this helps :)
You plan to invest in one of the most profitable securities. The total of your investment is RM20,000. Given the below information.
State of the economy Probability of the states
Cash flow from the investment
Investment XY Investment ZZ
Economic recession 30% RM5,000 11,000
Moderate economic growth 40% RM12,000 12,000
Strong economic growth 30% RM19,000 13,000
a. From the data above, measure the return and risk of each investment. Which investment should be accepted? Justify your answer.
Answers
To measure the return and risk of each investment, we need to calculate the expected return and standard deviation for each investment.
Investment XY:
Expected return = (0.3 x 5000) + (0.4 x 12000) + (0.3 x 19000) = 11400
Standard deviation = sqrt(((0.3 x (5000-11400)^2) + (0.4 x (12000-11400)^2) + (0.3 x (19000-11400)^2))/2) = 4311.46
Investment ZZ:
Expected return = (0.3 x 11000) + (0.4 x 12000) + (0.3 x 13000) = 12000
Standard deviation = sqrt(((0.3 x (11000-12000)^2) + (0.4 x (12000-12000)^2) + (0.3 x (13000-12000)^2))/2) = 1000
Justification:
Investment ZZ has an expected return of RM12,000, which is higher than investment XY's expected return of RM11,400. Additionally, investment ZZ has a lower standard deviation of RM1,000 compared to investment XY's standard deviation of RM4,311.46. This means that investment ZZ is less risky than investment XY, making it a better investment choice.
Learn more about risk, here
https://brainly.com/question/17284407
#SPJ1
Which statement describes best the meaning of leadership?
A. Ensuring predictability in an uncertain environment
B. Sustaining an ongoing business over a long period of time
C. Developing a vision and strategy and motivating people
D. Adhering to publicized standards and procedures
Answers
In case of futures, the counterparty guarantee provided by the exchange.(True/False)
Answers
(True)
Hace a nice day and i hope it helps!!
If your manager were to give you a complex project that involved a lot of research and analysis to provide information to write a detailed and accurate report, how might you make it more manageable? What type of communication skills would that require? Please write at least 5 sentences.
Answers
A large project report can be easier to manage if the key components are first outlined as a thesis statement and the duties are divided into manageable chunks.
A report is what?A report is a written statement or document that outlines the major problems or happenings inside an organization and aids in understanding the internal and external forces at play.
It's crucial to have written communication abilities that enable someone with a strong vocabulary to precisely communicate the notion to the reader in order for a report to be effective and correct.
It is necessary to create an outline plan for the task that needs to be done since it aids in framing the report aspects when a project report requires extensive research and analysis to deliver information.
To Know more about project report
https://brainly.com/question/15521500
#SPJ1
An investment will pay $15,000 at the end of each year for eight years and a one-time payment of $150,000 at the end of the eighth year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Determine the present value of this investment using a 7% annual interest rate. (Round your answer to the nearest whole dollar.)
Answers
Answer:
Total investment PV = $176,865
Explanation:
a) Data and Calculations:
PV (Present Value) $89,565
N (Number of Periods) 8.000
I/Y (Interest Rate) 7.000%
PMT (Periodic Receipts) $15,000.00
b) Calculation of Present value of $15,000 with the annuity factor of 5.971 (7% interest for 8 years):
Present value of $15,000 * 5.971
= $89,565
c) Calculation of Present value of $150,000 at the end of 8 years at 7% interest:
Present value of $150,000 * 0.582 = $87,300
d) Total present value of the investment:
Annuity Present value = $89,565
Present value of lump sum = $87,300
Total investment PV = $176,865
Investment is referred to as the process in which the person invests in any of the assets with the intention or the goal of generating income from the invested assets. It is the appreciation of the value of assets over a period of time.
The Present Value of the investment is = $176,865
a) Data and Calculations:
PV (Present Value) $89,565
N (Number of Periods) 8.000
I/Y (Interest Rate) 7.000%
PMT (Periodic Receipts) $15,000.00
b) Calculation of Present Value of $15,000 with the annuity factor of 5.971 (7% interest for 8 years):
Present value of \(\$15,000 \times 5.971\)
= $89,565
c) Calculation of Present Value of $150,000 at the end of 8 years at 7% interest:
Present value of \(\$150,000 \times0.582 = \$87,300\)
d) Total present value of the investment:
Annuity Present value = $89,565
Present value of lump sum = $87,300
Total investment PV = $176,865
To know more about the calculation of the present value of the investment, refer to the link below:
https://brainly.com/question/15304751
Like many students at college, Arturo struggles to find a parking space on campus. Every year he has to buy a parking permit, which
allows him to park on campus. Unfortunately, buying a permit does not guarantee that he
campus well
can find parking spot. So he often gets to
before class starts, hoping to find a good parking spot, but ends up driving around until someone leaves. One day after his
economics class, Arturo comes up with a potential solution to the problem. He suggests the following:
Suppose the demand for parking is given by the following equation: Qp
10,000 - 500P. At Arturo's school, there are 7,000 parking
spaces for students. For the questions below, give all answers to the nearest whole number.
a. At most universities, students do not pay to park each day. They
Therefore, the price students face each day is $
pay for a permit, which only allows them to park on campus.
. Unfortunately, this creates a shortage
of
parking
spaces.
b. The university, in order to prevent the shortage issue, is changing from selling parking permits to charging a daily parking fee.
Suppose parking spaces were allocated at Arturo's school using the market mechanism. In this case, students would have to pay $
each day to park.
c. As his school gets larger, the demand for parking increases to Qpl 12,000 500P. If Arturo's university wanted to keep the market
price (the price of daily parking) the same, it would have to provide
more parking spaces.
Answers
It needs 3,000 parking spaces, with a fee of $6 per day and more spaces are required for 2,000 people,
What do you mean by a Parking permit?A parking permit is a pre-printed card that has been provided by various municipal authorities that a resident (or their guest) can display in their vehicle when parking in a certain spot along the side of the road.
(a) If students pay for a permit, and not a daily fee:
the demand equation is Qd = 10,000 and Qs = 16,000
So, the shortage is
= 10,000 - 7,000
= 3,000 parking spaces
(b) If the university charges a daily fee so the equation will be
Qd = Qs
10,000 - 500P = 7,000
3,000 = 500P
P = $6 per day
(c) An increase in demand will be
Qd = 12,000 - 500P
To keep the price at $6
Qs = 12,000 - 500 × (6)
= 9,000
now,
More spaces required is
= 9,000 - 7,000
= 2,000
Therefore, All solutions are stated above.
Learn more about Parking permits, here;
https://brainly.com/question/11262788
#SPJ9
A company's inventory records indicate the following data for the month of January: Jan. 1 Beginning 180 units at $9 each Jan. 5 Purchased 170 units at $10 each Jan. 9 Sold 300 units at $35 each Jan. 14 Purchased 200 units at $11 each Jan. 20 Sold 150 units at $35 each Jan. 30 Purchased 230 units at $12 each What is the amount of cost of goods sold for January, if the company uses the LIFO, FIFO and weighted average perpetual inventory system?
Answers
Answer:
The amount of cost of goods sold for January:
LIFO FIFO Weighted Average
Cost of goods sold $4,520 $4,420 $4,452
Explanation:
a) Data and Calculations:
Date Description Units Unit Cost/Price Total Cost Total Revenue
Jan. 1 Beginning 180 units at $9 each $1,620
Jan. 5 Purchased 170 units at $10 each 1,700
Jan. 9 Sold (300) units at $35 each $10,500
Jan. 14 Purchased 200 units at $11 each 2,200
Jan. 20 Sold (150) units at $35 each 5,250
Jan. 30 Purchased 230 units at $12 each 2,760
Total 780 / 450 $8,280 $15,750
b) Cost of goods sold:
LIFO:
Jan. 9 Sold (300) 170 units at $10 = $1,700
130 units at $9 = 1,170
Jan. 20 Sold (150) 150 units at $11 = 1,650
Cost of goods sold = $4,520
c) FIFO:
Jan. 9 Sold (300) 180 units at $9 = $1,620
120 units at $10 = 1,200
Jan. 20 Sold (150) 50 units at $10 = 500
100 units at $11 = 1,100
Cost of goods sold = $4,420
d) Weighted-Average:
Jan. 9 Sold (300) 300 units at $9.49 = $2,847
Jan. 20 Sold (150) 150 units at $10.70 = 1,605
Cost of goods sold = $4,452
Weighted Average Cost at each point of sale:
$9.49 = ($1,620 + $1,700)/350 units
$10.70 = (($9.49*50) + $2,200)/250 units
e) LIFO = Last In, First Out is based on the assumption that the items sold are from the last inventory purchased instead of the first.
FIFO = First In, First Out is based on the assumption that the items sold are from the first inventory instead of the last.
Weighted-Average: This method averages the cost of inventory to determine the unit cost.
Under the perpetual inventory system, the inventory costs are recorded immediately after an inventory transaction and not at the end of a period.
Situation 2
A customer walks into your department and asks if anyone can help her. She complains that she's
been waiting for the salesperson in the shoe department for the last 10 minutes. She says, "Just
when I think he's finally going to help me, he takes another phone call. I'm so upset. I just want to
tell his manager how rude he's been."
Policy: Employees should try to handle all customer complaints. If the customer demands to see a
manager, call the departmental manager immediately.
19
sty
Answers
Answer:
The lady would need to remain patience and make note of the fact that there may be a crowd and not enough employees so it may take a while. Yes the lady has a right to assistance but she should only be given it if she is being respectful of the people around her and nice to the employees.
Not sure what you wanted me to answer but I hope this helps.
Explanation: