A monopolistically competitive firm would advertise to differentiate its product or service from its competitors and create brand recognition in the market.
What should happen?By advertising, the firm aims to capture the attention of potential customers and create a perceived value of its product that is unique and superior to others.
In a market with many competitors, advertising helps the firm stand out and create a loyal customer base. It also helps to attract new customers who may not have been aware of the firm's product or service.
Advertising also allows the firm to inform customers about new product developments and promotions, which can lead to increased sales and profitability.
Overall, advertising is an essential tool for a monopolistically competitive firm to establish its brand and remain competitive in the market.
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When countries sell off state-owned enterprises and privatize them, it usually results in a(n)?
When countries sell off state-owned enterprises and privatize them, it usually results in privatization.
Privatization leads to a number of potential outcomes. Here are a few:
1. Increased efficiency: Privatization often leads to increased efficiency in the operations of state-owned enterprises. This is because private companies are generally driven by profit and are incentivized to streamline operations, cut costs, and improve productivity. As a result, privatized companies often become more competitive and efficient in delivering goods or services.
2. Improved quality: Privatization can also lead to improved quality of goods or services provided by the previously state-owned enterprises. Private companies are often more responsive to customer demands and have the flexibility to innovate and adapt quickly. This can result in better products, improved customer service, and overall higher quality standards.
3. Increased competition: Privatization introduces competition into industries that were previously dominated by state-owned enterprises. This can lead to a more competitive market environment, with multiple players vying for customers. Increased competition can drive down prices, spur innovation, and enhance customer choice.
4. Job creation and economic growth: Privatization can stimulate job creation and economic growth. When state-owned enterprises are privatized, private companies may invest in new technologies, expand operations, and create more job opportunities. Additionally, privatization can attract foreign direct investment, which can contribute to overall economic growth.
5. Potential downsides: It's important to note that privatization is not always a guaranteed solution and can have potential downsides. In some cases, privatization may result in job losses, especially if the new owners implement cost-cutting measures. Additionally, there is a risk of monopolies forming in certain industries if privatization is not properly regulated.
Overall, the effects of privatization can vary depending on the specific circumstances and implementation. It is important for governments to carefully consider the potential benefits and drawbacks before embarking on privatization initiatives.
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Planned investment plus unintended increases in inventories equals: A. actual investment. B. consumption. C. consumption minus saving. D. unintended saving.
Planned investment plus unintended increases in inventories equals actual investment. So, the correct answer to this question is A. actual investment.
This is because actual investment includes both the planned investment made by businesses and any unintended changes in inventories, such as surplus goods or unsold products. Planned investment refers to the amount of money that a business intends to invest in new equipment, facilities, or other assets during a particular period.
Unintended increases in inventories occur when a business produces more goods than it is able to sell, resulting in a surplus of inventory. When these two figures are added together, they equal the actual investment made by the business during that period.
It's important to note that actual investment may differ from planned investment due to changes in market conditions or unexpected events. Understanding the relationship between planned investment and actual investment is essential for businesses to effectively manage their finances and make informed decisions about future investments.
Overall, the formula for calculating actual investment provides a useful tool for evaluating a business's financial performance and planning for future growth. Therefore, the correct answer to the given question is option A.
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what would you expect to be the major product obtained from the following reaction?
In order to determine the major product obtained from a chemical reaction, we need to consider the reactivity and stability of the reactants and products. Without knowing the specific reaction being referred to, it is difficult to provide a definitive answer.
However, we can consider some general principles. For example, in a reaction between an acid and a base, the major product is typically a salt and water. In a reaction between an alkene and a halogen, the major product is typically a halogenated alkane. In a reaction between an alcohol and a carboxylic acid, the major product is typically an ester.
The type of reaction being referred to and the specific reactants involved will determine the major product obtained. It is also possible that multiple products can be formed, depending on the conditions of the reaction.
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The complete Question is:
What Would You Expect To Be The Major Product Obtained From The Following Reaction? AICl ExcesS HN CH3CI HN HN HN.
a law firm collected $1,800 on account for work performed in the previous month. prepare the general journal entry the firm will make to record this collection of cash?
The law firm will record the collection of cash with the following general journal entry:
Debit: Cash $1,800
Credit: Accounts Receivable $1,800
This entry records the collection of cash from the Accounts Receivable balance.
The journal entry format has four components, including debit accounts, credit accounts, date, and a brief description of the transaction. For recording the collection of cash by a law firm, the accounts involved are accounts receivable and cash.
According to the accrual accounting method, revenue is recognized when earned, regardless of when the payment is made. As a result, when the law firm provided the services, it accrued the income to the accounts receivable account, which is an asset.
When the client paid cash, the firm increased the cash account and decreased the accounts receivable account by the same amount. As a result, the firm recorded a journal entry to reflect the transaction.
A debit entry increases the accounts receivable account, while a credit entry increases the cash account. The law firm must also mention the date and a brief description of the transaction in the journal entry, such as "received cash from customer for services rendered."
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the company has a 36 day collection period. what percent of maria's receivables will be collected in the same quarter? assume each month is 30 days
40% of Maria's receivables will be collected in the same quarter.
Based on the given information, the company has a collection period of 36 days. To determine what percent of Maria's receivables will be collected in the same quarter, we need to consider the number of days in a quarter.
Since each month is assumed to have 30 days, a quarter would have 3 months, equivalent to 90 days. Therefore, we can calculate the percentage of Maria's receivables that will be collected in the same quarter using the following formula:
Percentage = (Collection Period / Quarter Days) * 100
In this case, the collection period is 36 days, and the quarter days are 90. Plugging these values into the formula, we get:
Percentage = (36 / 90) * 100 = 40%
So, approximately 40% of Maria's receivables will be collected in the same quarter.
The collection period refers to the average number of days it takes for a company to collect payments from its customers after a sale is made. In this case, the collection period is given as 36 days.
To calculate the percentage of receivables collected in the same quarter, we need to compare the collection period to the total number of days in a quarter. Since we assume each month has 30 days, a quarter would consist of 3 months, totaling 90 days.
By dividing the collection period (36 days) by the quarter days (90 days) and multiplying by 100, we obtain the percentage of receivables collected in the same quarter. In this case, the calculation yields 40%.
This means that, on average, Maria can expect to collect 40% of her receivables during the same quarter in which the sales were made.
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a father and his son are shareholders in a public liability company.The father invest 4× as much as his son ,if there investment amount up to ¢9600 at ¢2 per share,find the total number of shares each has in a company
The number of total shares that the father and son have in the company is :
Father - 3, 840 sharesSon - 960 sharesHow to find the total shares ?First, find the total number of shares that the father and son own together in the company :
= Value of shares / Price of one share
= 9, 600 / 2
= 4, 800 shares
The Father invested 4 times as much as the son which means the Son's investment is:
= 4, 800 / 5
= 960 shares
Which leaves the father's as :
= 960 x 4
= 3, 840 shares
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ABC Company issued a bond with face value for $1000, paid annual 10% coupon and 3 years to maturity, what is the value of ABC bonds today if the required rate of return is 12%.
Answer:
The value of Bond = $951.963
Explanation:
The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV) discounted at the yield rate
Value of Bond = PV of interest + PV of RV
Th e PV of interest payment
A ×(1- (1+r)^(-n))/r
Interest payment = 10%× 1000 = 100
PV = 100× (1- 1.12^(-3))/0.1 = 240.183126
PV of redemption value
PV = RV× (1+r)^(-n)
PV = 1000× 1.12^(-3) = 711.7802
The value of bond = 240.18 + 711.78= 951.963
The value of Bond = $951.963
6. adherence to the principle of marginal analysis entails continuing activities until the a. total benefit exceeds the marginal benefit. b. total benefit equals the total cost. c. total benefit exceeds the total cost. d. marginal benefit equals the marginal cost. e. marginal benefit exceeds the marginal cost.
Examining the costs and possible gains of particular business operations or financial choices is known as marginal analysis.
Does the mean change marginally?The phrase "marginal change" is used by economists to describe minor modifications to an existing course of action. Simply put, margin changes are very modest incremental adjustments that only have an overall impact on the bigger (macroeconomic) totals.
What economic term you would employ to describe marginal?In terms of economics, extra serves as the best substitute for marginal. It is the extra element needed to achieve a specific goal. The various concepts that are frequently used in economics include marginal cost, contribution margin ratio, marginal analysis, marginal product, and marginal product.
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Name three jobs in insurance.
What do administrative support careers do? Name three tasks.
Answer:
Insurance Investigators. Insurance fraud is a huge problem.
Insurance Claim Adjusters. Adjusters assess the damage involved in an insurance claim, and extend an offer to the policyholder to cover their losses.
Actuaries.
Underwriters.
Loss Control Agents.
Insurance Agent or Broker.
Explanation:
jobs
when beta inc. acquired redd communications, there were rumors of staff reductions and operations closures. what was the cause for this reaction by the redd communications staff?
When Beta Inc. acquired Redd Communications, the reason for the reaction of the Redd Communications staff was the rumors of staff reductions and operations closures.
After Beta Inc. acquired Redd Communications, the employees of Redd Communications were uncertain of their future, and there were rumors of staff reductions and operations closures. It caused the Redd Communications staff to be apprehensive and worried about their jobs and their future with the company, as it is a common occurrence during acquisitions. Communications staff.The communications staff is responsible for creating and delivering information to an organization's public, clients, investors, or other external stakeholders.
They must ensure that the company's image is presented effectively to the public, customers, and shareholders in order to maintain and build the company's reputation. The communications staff must have excellent communication skills and a thorough understanding of the company and the industry it operates in.
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Proponents of the real business cycle model argue that the short-run aggregate supply curve is?
Proponents of the real business cycle model argue that the short-run aggregate supply curve is positively sloped.
The short-run aggregate supply curve is upward or positively sloping and it represents the positive relationship between the price level and output. The short-run is when all production occurs in real time.
The short-run aggregate supply curve (SRAS) shows us that a higher price level leads to more output. It also lets us capture how all of the firms in an economy respond to price stickiness. Thus, when prices are sticky, the SRAS curve will slope upward.
Hence, the short-run aggregate supply curve will be positively sloped.
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The wearing away of the Earth's surface is called
Answer:
Erosion is the wearing away of the Earth's surface.
When people get satisfaction from charitable giving, they are ______.
When people give because they get satisfaction from doing so, they are said to be acting out of rational self-interest.
What does it mean to act out of rational self-interest?It means that your decisions are based on catering for what gives you satisfaction. Explains why people engage in certain behaviors.Certain behaviors give people satisfaction and this theory explains that this prompts them to engage in such behavior. Those who gain satisfaction from being charitable are abiding by this theory as they only give because it makes them satisfied.
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When the economy is strong, consumers are _____ likely to borrow money to purchase a home or go on a vacation.
When the economy is strong, consumers are more likely to borrow money or take loans to purchase a home or go on a vacation.
What is loan?
A loan occurs when one or more individuals, businesses, or other entities lend money to additional individuals, businesses, or other entities. The recipient incurs a debt and is frequently liable for interest charges up until the debt is paid off, in addition to the principle amount borrowed.
A person having strong and stable economy, have a high confidence that he will definitely repay the money he borrowed for any purpose. and this will made them more likely to borrow money for purposes like purchasing home or going on a vacation.
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how to tell if two goods are substitutes or complements from demand function
Cross-price elasticity determines substitutes or complements from demand functions. Positive value indicates substitutes, negative indicates complements.
To determine whether two goods are substitutes or complements using demand functions, you can examine the signs and magnitudes of the cross-price elasticities.
1. Substitutes: If an increase in the price of one good leads to an increase in the quantity demanded of the other good, they are considered substitutes. In the demand function, the cross-price elasticity of demand should be positive. A higher positive value indicates a stronger degree of substitution.
2. Complements: If an increase in the price of one good leads to a decrease in the quantity demanded of the other good, they are considered complements. In the demand function, the cross-price elasticity of demand should be negative. A more negative value indicates a stronger degree of complementarity.
To calculate the cross-price elasticity of demand, you need the demand function for each good and the prices of both goods. The cross-price elasticity is given by the formula:
Cross-price elasticity = (% change in quantity demanded of one good) / (% change in price of the other good)
If the cross-price elasticity is positive, the goods are substitutes. If it is negative, the goods are complements.
It's important to note that the interpretation of substitutes and complements may also depend on the context and specific market conditions. Market research and consumer behavior analysis can provide additional insights into the relationship between two goods and whether they are substitutes or complements in practice.
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Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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what is the relation between no. of moles and gram atom?
Oreo cookies are now extremely expensive to purchase. Instead of buying oreo cookies, i now want to buy chips ahoy. What determinant of demand does this likely fall under?.
In economics, the determinant of demand that this scenario fall under , when you go for chips ahoy because Oreo cookies are now extremely expensive is Change in Price of Substitute Good.
What is Substitute Good?
A substitute good can be regarded as product or service that is been used as alternative for other goods.
It should be When the price of a substitute good rise, then demand for the other substitute as well will rise.
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How does specialization affect voluntary exchange between countries?
Answer:
It increases voluntary exchange by encouraging other countries to be less self-sufficient
Explanation:
How do you round to the nearest whole percent?
( here’s the question I need to round for )
What percentage of total expenses is spent on housing?
( round to the nearest whole percent)
A 20%
B 21%
C 22%
D 24%
~Please help ASAP~
Answer:
Dont worry about me, I just added this answer so the other person can get their brainliest because they definetly deserve it
A fire destroyed xyz manufacturing company completely on january 29, 2004. Fortunately certain accounting records were kept in another building. It revealed the following for the period from january 1, 2004 to january 29, 2004. Direct material purchased br. 160, 000 wip january1 34,000 direct material january1, 2004 16,000 finished goods january1, 2004 30,000 moh cost 40% of conversion cost revenue 500,000 direct labor cost 180,000 prime cost 294,000 gross profit based on sales 20% cost of goods available for sale 450,000 required: a. Direct material of ending inventory b. Work in progress of ending inventory C. Finished good of ending inventory
Answer:
can you be more specific
Explanation:
becausebecause the fire was so wild and the machines for stomach how will you expect a company that big not too bad so you need to reduce the size of the machines there so that it won't get some points that is why you need that is why I spend so much money on your books are going so please I will expect you that you should use some of your machine so you can finish
To find the ending inventory of direct materials, we need to subtract the direct materials used from the direct materials purchased.
What is inventory?
Inventory, also known as stock, refers to the goods and materials that a company keeps for the purpose of resale, production, or use.
To find the ending inventory of direct materials, we need to subtract the direct materials used from the direct materials purchased.
Direct materials used = Beginning inventory of direct materials + Direct materials purchased - Ending inventory of direct materials
Direct materials used = Prime cost - Direct labor cost
Direct materials used = 294,000 - 180,000
Direct materials used = 114,000
Now we can calculate the ending inventory of direct materials:
Ending inventory of direct materials = Direct materials purchased - Direct materials used
Ending inventory of direct materials = 160,000 - 114,000
Ending inventory of direct materials = 46,000
Therefore, the ending inventory of direct materials is 46,000.
To find the ending inventory of work in progress, we need to use the following formula:
Conversion cost = Direct labor cost + Manufacturing overhead cost
Conversion cost = 180,000 + (40% x Conversion cost)
0.6 x Conversion cost = 180,000
Conversion cost = 300,000
Manufacturing overhead cost = Conversion cost - Direct labor cost
Manufacturing overhead cost = 300,000 - 180,000
Manufacturing overhead cost = 120,000
To find the cost of goods manufactured, we need to use the following formula:
Cost of goods manufactured = Beginning inventory of finished goods + Cost of goods available for sale - Ending inventory of finished goods
Cost of goods manufactured = Gross profit based on sales - Revenue - Selling and administrative expenses
Cost of goods manufactured = (20% x 500,000) - 500,000 - 0
Cost of goods manufactured = 100,000 - 500,000 - 0
Cost of goods manufactured = -400,000
So we can rearrange the formula for the ending inventory of finished goods as:
EI_FG = Beginning inventory of finished goods + Cost of goods manufactured - Cost of goods sold
EI_FG = 30,000 + 461,600 - (450,000 - EI_FG)
2EI_FG = 41,600
EI_FG = $20,800
Therefore, the ending inventory of finished goods is $20,800.
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Mechanistic Structure Chain of Command Communication Flow Span of Management Decision Making Vertical Functional Long Vertical Narrow Centralized Divisional Long Vertical Narrow Centralized Matrix Dual Vertical & Horizontal Narrow Decentralized Team-Based Short Horizontal Broad Decentralized Organic Virtual Network Short Horizontal Broad Decentralized
1) As an organization becomes more organic, its communication flow becomes More horizontal Option(D).
2) Dollar General uses a cost leadership strategy. The Dollar General slogan is "Save time. Save money. Everyday!" Dollar General will be more effective if it has (A) Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale and (B) Narrow spans of management ensure that employees operate efficiently. structure.
1) The correct answer is (D) More horizontal.
As an organization becomes more organic, its communication flow becomes more horizontal. In an organic structure, communication flows freely and fluidly among individuals and departments. This is because organic structures emphasize collaboration, teamwork, and information sharing across different levels and functions of the organization.
In a more horizontal communication flow, information is not restricted to following a strict chain of command or hierarchy. Instead, employees are encouraged to communicate directly with one another, regardless of their positions in the organizational structure. This horizontal flow of communication facilitates faster decision making, promotes innovation, and enables better coordination among teams and departments.
By encouraging horizontal communication, an organization can benefit from the diverse perspectives and expertise of its employees. This open exchange of information allows for a more efficient and effective decision-making process, as employees can contribute their insights and ideas directly, rather than relying solely on top-down directives.
Additionally, a more horizontal communication flow promotes a sense of empowerment and ownership among employees. When they have the freedom to communicate and share ideas across the organization, they feel more engaged and motivated to contribute to the organization's goals and success.
2) The correct answers are (A) Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale and (B) Narrow spans of management ensure that employees operate efficiently.
Dollar General, with its cost leadership strategy and focus on saving time and money for its customers, would be more effective with a centralized structure. Centralized decision making allows the organization to have tighter controls on the way work is done. This ensures consistency in operations and helps achieve economies of scale. With a centralized structure, Dollar General can closely monitor its processes, standardize procedures, and implement cost-saving measures across its stores. This control enables the company to streamline its operations and negotiate better deals with suppliers, resulting in lower costs and offering competitive prices to its customers.
Additionally, narrow spans of management contribute to operational efficiency. By having fewer subordinates reporting to each manager, the organization can ensure better supervision, coordination, and control. In the case of Dollar General, narrow spans of management would allow for more direct oversight and guidance from upper management to store managers and associates. This can improve the consistency and quality of customer service, as well as enhance the implementation of cost-saving initiatives.
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Complete Question
1) As an organization becomes more organic, its communication flow becomes ____________.
(A) Narrower (B) Broader (C) More verticle (D) More horizontal
2) Dollar General uses a cost leadership strategy. The Dollar General slogan is "Save time. Save money. Everyday!" Dollar General will be more effective if it has __________ structure. Which of the following reasons explain this? Check all that apply.
(A) Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale.
(B) Narrow spans of management ensure that employees operate efficiently.
(C) Horizontal communication and broad spans of management allow for added flexibility in employee decision making.
(D) Short chains of command ensure that the company will operate most effectively in a turbulent environment.
If government spending increases or personal income taxes decrease, what are the likely effects on output, price level, and interest rates?
Price Level / Output / Interest Rates
1) Increase / Increase / Decrease
2) Increase / Increase / Increase
3) Decrease / Increase / Decrease
4) Decrease / Decrease / Decrease
5) Decrease / Decrease / Increase
When there is an increase in government spending, there will be an increase on the output, price level, and interest rates
What is a government spending?This refers to the funds injected to the public sector on the acquisition of services such as education, healthcare, social protection, defense etc.
Most time, the effect of an an increase in government spending leads to an increase on the output, price level, and interest rates as it is a method of stimulate demand.
Therefore, the Option A is correct.
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importance of business
Answer:Business is an organization which involves the of goods and services. Every day thousands of people start their own business.To be successful in business one should have special character traits,for example, to be hard-working, clever,energetic and even adventurous.
Explanation:
Vijay, Vivek and Vinay are partners in a business sharing profits as 3/4, 1/8 and 1/8 respectively and their Balance Sheet as at 31st March, 2020 was: Liabilities Rs. Assets Rs. Capital A/c: Vijay- 5,00,000 Vivek- 3,00,000 Vinay- 2,50,000 General Reserve Loan by Vinay Creditors 10,50,000 50,000 50,000 2,50,000 Plant Debtors Stock Cash Bank 5,00,000 4,00,000 2,00,000 50,000 2,50,000 14,00,000 14,00,000 Vinay died on 31st December, 2020 and the Partnership Deed provided the following: (a) The deceased partner will be entitled to his share of profits up to the date of death, calculated on the basis of previous year’s profits. (b) He will be entitled to his share of goodwill of the firm, calculated on the basis of three years’ purchase of the average profits of the four years. The net profits for the last four years ended 31st March, 2017 – Rs. 8,00,000; 2018 – Rs. 6,00,000; 2019 – Rs. 4,00,000 and 2020-Rs 2,00,000. His drawing up to the date was Rs 18,000
Vinay's share of profits + Vinay's share of goodwill + Vinay's drawings = 62,500 + 1,87,500 + 18,000 = 2,68,000
How the answer was obtained To calculate Vinay's share of profits up to the date of death (31st December, 2020), we need to calculate the average profits for the last four years and multiply that by his profit-sharing ratio (1/8).Average profits = (8,00,000 + 6,00,000 + 4,00,000 + 2,00,000) / 4 = 5,00,000
Vinay's share of average profits = 5,00,000 * 1/8 = 62,500
To calculate the goodwill of the firm, we need to multiply the average profits by three years' purchase:Goodwill = 3 * 5,00,000 = 15,00,000
Vinay's share of goodwill = 15,00,000 * 1/8 = 1,87,500
So, the total amount that Vinay is entitled to is:
Vinay's share of profits + Vinay's share of goodwill + Vinay's drawings = 62,500 + 1,87,500 + 18,000 = 2,68,000.
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Table 14-1quantityprice0$51$52$53$54$55$56$57$58$59$5refer to table 14-1. Over what range of output is marginal revenue declining?a. 1 to 6 unitsb. 3 to 7 unitsc. 7 to 9 unitsd. Marginal revenue is constant over the entire range of output
To determine over what range of output marginal revenue is declining, we need to first understand what marginal revenue is. Marginal revenue is the additional revenue generated by selling one more unit of a product. In other words, it is the change in total revenue divided by the change in quantity.
Looking at table 14-1, we can see that as quantity increases, the price per unit remains constant at $5. This means that total revenue will increase by $5 for each additional unit sold. However, marginal revenue will decline as quantity increases.
To determine the range of output over which marginal revenue is declining, we need to look for a point where the change in total revenue is less than $5 for each additional unit sold. Based on the table, we can see that this occurs between 3 to 7 units.
For example, when going from 3 to 4 units, the change in total revenue is $5 (from $15 to $20), so the marginal revenue is $5. However, when going from 6 to 7 units, the change in total revenue is only $1 (from $35 to $36), so the marginal revenue is only $1.
Therefore, the answer is b. 3 to 7 units is the range of output over which marginal revenue is declining.
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12. One of the benefits of developing a business plan for a new start-up is:
(1 Point)
I shows 91actly how much profit the business will make
it makes sure that the bank will lend all the capital needed
it means that the business start up has no risk of failure
it assists in organising the resources needed for the new business
Answer:
it assists in organising the resources needed for the new business
Explanation:
A business plan details the mission and objectives of an entity. It explains the nature of business the entity will engage in, the target market, the resources it requires, and the projected revenues and expenses.
A business plan is useful when soliciting resources. Although a business plan does not guarantee a hundred percent financing, It shows how much resources will be required and how they shall be used. This helps the founders to know what is required at what stage and make the necessary arrangements.
How do I log into my EDD debit card?
First, you will need to visit the EDD debit card website and click on the "Sign In" button. This will bring you to the login page, where you will be prompted to enter your EDD debit card number and your Personal Identification Number (PIN).
The EDD (Employment Development Department) debit card is a payment option for receiving unemployment benefits in California. To log into your EDD debit card account, you will need to follow a few simple steps.
Once you have entered your information, you will be taken to your account dashboard, where you can view your card balance, transaction history, and other important information about your EDD debit card.
It is important to keep your EDD debit card information secure and confidential, so be sure to keep your card and PIN in a safe place and never share your information with anyone. If you suspect that your EDD debit card information has been compromised, it is important to contact the EDD as soon as possible to report the issue.
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If sandhill designs wants to preserve the existing gross margin percentage, what is the target cost at a market price of $ 159? (
The formula used is simple: cost = market price - (market price * (X/100)), where X represents the existing gross margin percentage.
To find the target cost at a market price of $159 while preserving the existing gross margin percentage for Sandhill Designs, we can follow these steps:
Determine the existing gross margin percentage. Let's assume it is X%.
Calculate the cost by subtracting the gross margin from the market price. In this case, the cost can be calculated as follows:
Cost = Market price - (Market price * (X/100))
Plug in the market price of $159 and the existing gross margin percentage to calculate the target cost:
Cost = $159 - ($159 * (X/100))
To find the target cost, it is important to understand the concept of gross margin. Gross margin is the difference between the selling price and the cost of goods sold, expressed as a percentage of the selling price. By preserving the existing gross margin percentage, Sandhill Designs aims to maintain profitability while adjusting the cost according to market price changes.
In the given scenario, the market price is $159. To calculate the target cost, we subtract the gross margin from the market price. This ensures that the desired profit margin is maintained. The formula used is simple: cost = market price - (market price * (X/100)), where X represents the existing gross margin percentage.
To preserve the existing gross margin percentage for Sandhill Designs at a market price of $159, the target cost can be calculated using the formula provided above.
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question if output sells for $20 per unit, what is the marginal revenue product of the fifth worker?
The marginal revenue product of the fifth worker is $20.
To determine the marginal revenue product of the fifth worker, we need to know the additional output that is produced as a result of hiring the fifth worker and the additional revenue that is generated from that output. If we assume that each worker produces the same amount of output and the total output of four workers is X, then the total output of five workers is X + Y, where Y is the additional output produced by the fifth worker.
If output sells for $20 per unit and the marginal revenue product is defined as the additional revenue generated by hiring one more worker, then the marginal revenue product of the fifth worker can be calculated as follows:
Marginal revenue product = Marginal product of labor x Marginal revenue
Assuming that the marginal product of labor is constant at one unit per worker, the marginal product of the fifth worker is one unit, which means that the total output of five workers is X + 1.
The marginal revenue generated by the additional output produced by the fifth worker is $20, which is the same as the price of the output. Therefore, the marginal revenue product of the fifth worker is:
Marginal revenue product = Marginal product of labor x Marginal revenue
= 1 x $20
= $20
So, the marginal revenue product of the fifth worker is $20.
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