For each of the following scenarios, identify the number of firms present, the type of product, and the appropriate market model.

a. A large city has lots of small shops where people can buy sweaters. Each store's sweaters reflect the style of that particular store. Additionally, some stores use higher-quality yarn than others, which is reflected in their price.
b. There are hundreds of high school students in need of algebra tutoring services. Dozens of companies offer tutoring services; parents view the quality of the tutoring at the different companies to be largely the same.
c. Only three airlines fly from San Francisco to Medford, Oregon. No new airline will enter this market, because there are not enough customers to share among four or more airlines without each one experiencing substantially higher average costs. Consumers view all airlines as providing basically the same service and will shop around for the lowest price.
d. The government has granted a patent to a drug company for an experimental AIDS drug. That company is the only firm permitted to sell the drug.

Answers

Answer 1

Answer:

a. large number of firms, they have differentiated products, and this is a monopolistic market model

b. large number of firms, they have standardized products, and this is a perfectly competitive market model

c. few number of firms, they have standardized products, and this is an oligopolistic market model

d. one number of firms, they have a single products, and this is a monopoly

Explanation:

a. This first question is a monopolistic competition. this is because it has the following characteristics:

It has large number of firms, the products here are differentiated, there is no entry cost and also no exit cost in the long run. Entereing the market is challenging

b. this is a perfect competition, the characteristics are large number of firms, the products are identical and the entry and exit in the market is easy

c. this market is an oligopoly. it has a few firms, the products can be identical or they can be differntiated, and it has barriers to entry from what we have seen here.

d. this market is a monopoly. the firm is a single one, and due to the patent there are no new entries for any other firm.


Related Questions

Jeremy is thinking of starting up a small business selling NASCAR memorabilia. He is considering setting up his business as a sole proprietorship. What is one advantage to Jeremy of setting up his business as a sole proprietorship

Answers

Complete Question:

a. As a sole proprietor, Jeremy would face limited liability.

b. As a sole proprietor, Jeremy would have both ownership and control over the business.

c. As a sole proprietor, Jeremy would have the ability to share risk with shareholders.

d. All of the above would be advantages of setting up his business as a sole proprietorship.

Answer:

b. As a sole proprietor, Jeremy would have both ownership and control over the business.

Explanation:

A sole proprietorship business is a type of business that is owned by a single person and as such their profits are taxed once as personal income tax. Thus, it is a type of business that is typically owned by an individual or one person and as a result, this single individual is solely responsible for its debts.

Generally, a major advantage of sole proprietorship is that the owner has an absolute control over the business and would be the only one to define how it's shall be run.

Hence, an advantage to Jeremy of setting up his business as a sole proprietorship is that he would have both ownership and control over the business.

The following is a list of account titles and amounts (dollars in millions) from a recent annual report of Hasbro, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families:
Buildings and improvements $ 234 Goodwill $ 593
Prepaid expenses and other current assets 392 Machinery, equipment, and software 504
Allowance for doubtful accounts 16 Accumulated depreciation 509
Other noncurrent assets 658 Inventories 340
Accumulated amortization (other intangibles) 798 Other intangibles 1,123
Cash and cash equivalents 893 Land and improvements 7
Accounts receivable 1,111
Required:
Prepare the asset section of the balance sheet for Hasbro, Inc., classifying the assets into Current Assets, Property, Plant, and Equipment (net), and Other Assets. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated by a minus sign.)

Answers

Answer:

Hasbro, Inc.

Balance Sheet

Assets

Current Assets:

Cash and cash equivalents                     $893  

Accounts receivable                      1,111

Allowance for doubtful accounts   (16)  1,095

Inventories                                                340

Prepaid expenses and

 other current assets                              392

Total current assets                           $2,720

Property, Plant, and Equipment (net):

Buildings and improvements              $ 234

Land and improvements                            7

Machinery, equipment, and software   504

Other noncurrent assets                       658  

Accumulated depreciation                   (509)

Property, Plant, and Equipment (net) $894

Other Assets:

Goodwill                                             $ 593

Other intangibles               1,123

Accumulated amortization

(other intangibles)              798          325

Other assets                                      $918

Total assets                                   $4,532

Explanation:

a) Data and Calculations:

Current Assets:

Cash and cash equivalents                     $893  

Accounts receivable                      1,111

Allowance for doubtful accounts   (16)  1,095

Inventories                                                340

Prepaid expenses and

 other current assets                              392

Total current assets                           $2,720

Property, Plant, and Equipment (net):

Buildings and improvements              $ 234

Land and improvements                            7

Machinery, equipment, and software   504

Other noncurrent assets                       658  

Accumulated depreciation                   (509)

Property, Plant, and Equipment (net) $894

Other Assets:

Goodwill                                             $ 593

Other intangibles               1,123

Accumulated amortization

(other intangibles)              798          325

Other assets                                      $918

If the keyword an advertiser is bidding on is used in the ad and on the landing page, then the advertiser will receive a higher Quality Score for Group of answer choices higher expected CTR more positive landing page experiences by searchers lower bounce rate ad relevance

Answers

Answer:

If the keyword an advertiser is bidding on is used in the ad and on the landing page, then the advertiser will receive a higher Quality Score for

ad relevance.

Explanation:

Ad relevance is a component that gives an advertiser higher quality score.  It is an indication that the keyword is optimized to meet the customer's search query.  It shows how closely the ad matches the customer's search because a correlation exists between the keyword, the ad, and the post-click landing page.  It is paramount to achieve ad relevance in any pay-per-click advertising (PPC), otherwise called search engine marketing (SEM) or search advertising, to justify the ad costs.

A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.75, price is $4.75, marginal revenue is $3.00, and marginal cost is $3.50. This firm is operating

Answers

Answer:

loss at the short run

Explanation:

marginal cost is higher than the marginal revenue

SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year, SprayCo reacquired 16,900 shares of its common stock at $23 per share. On June 9, 10,600 of the reacquired shares were sold at $25 per share, and on November 13, 4,100 of the reacquired shares were sold at $25.

Required:
Journalize the transactions of March 9, June 9, and November 13.

Answers

Answer:

Date                        Account Title                                     Debit             Credit

Mar 9                      Treasury Stock                               $388,700

                               Cash                                                                     $388,700

Working:

Treasury stock = 16,900 * 23 = $388,700

Date                        Account Title                                     Debit             Credit

June 9                    Cash                                                $265,000  

                              Treasury Stock                                                      $243,800  

                              Additional Paid-in capital -                                   $21,200

                              Treasury stock.

Working:

Cash = 10,600 * 25 = $265,000

Treasury stock = 10,600 * 23 = $243,800

Date                        Account Title                                     Debit              Credit

Nov 13                    Cash                                                $102,500

                              Treasury Stock                                                      $  94,300  

                              Additional Paid-in capital -                                   $  8,200

                              Treasury stock.

Working:

Cash = 4,100 * 25 = $102,500

Treasury stock = 4,100 * 23 = $94,300

Critical Chain Project Management (CCPM) attempts to keep the most highly demanded resource busy on critical chain activities, but not overloaded.

a. True
b. False

Answers

Answer:

True

Explanation:

Critical-Chain

This was introduced or originated by Eli Goldratt in 1997. Its aim is to challenges conventional project management approaches and absolute dependence on TOC principles. The idea of what to change or eliminated is the largely rooted behaviors that is common with the traditional project management practices. It is very multitasking anf it is the longest string of reliance that occur on the project.

Critical- Chain Approach

This approach simply covers project network as it ca be limited by both resource and technical reliance/dependencies. each type of limitations can create task reliance.

The Summary of Critical Chain Approach

1.) use Aggressive but Possible Times (ABPT) for task durations

2.) identify the critical chain by accounting for resource dependencies

3.) use buffer management to track project progress etc.

Bonner Metals wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 8.5 percent bonds on the market that sell for $959, make semiannual payments, and mature in 16 years. What should the coupon rate be on the new bonds if the firm wants to sell them at par?

Answers

Answer: 8.99%

Explanation:

The coupon rate on the new bonds if the firm wants to sell them at par will be calculated thus:

Par value = 1000

Selling value = 959

Maturity = 16 × 2 = 32

Coupon = 8.5% = 8.5% × 1000 = $85

Semiannual PMT = $85/2 = $42.5

The coupon rate on the new bonds will be:

= Rate(32, 42.5, -959, 1000) × 2

= 8.99

Coupon rate = 8.99%

Charlotte's Crochet Shoppe has 15,500 shares of common stock outstanding at a price per share of $79 and a rate of return of 11.77 percent. The company also has 320 bonds outstanding, with a par value of $2,000 per bond. The pretax cost of debt is 6.21 percent and the bonds sell for 98.4 percent of par. What is the firm's WACC if the tax rate is 39 percent?
A. 9.06%
B. 8.58%
C. 10.31%
D. 9.88%
E. 8.75%

Answers

A
I believe that is the answer
Because it should be 9.06%

Which of the following statements is INCORRECT. All else equal, 1. If a bond's yield-to-maturity (YTM, i.e., market interest rate) is greater than its coupon rate, then the bond is trading at a premium. 2. Duration measures the sensitivity of a bond's price to changes in interest rate. 3. If a bond's market value is equal to its par amount, then its YTM will be equal to its coupon rate. 4. The estimated market price of a bond is the sum of its future discounted cash flows.

Answers

Answer:

1

Explanation:

When the yield to maturity is greater than the coupon rate, the bond is selling at a discount.

When the yield to maturity is less than the coupon rate, the bond is selling at a premium.

When the yield to maturity is equal to the coupon rate, the bond is selling at par.

Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $46,000 $39,500 Work in process $25,500 $36,000 Finished goods $41,500 $56,500 Additional information: Raw materials purchases $75,500 Direct labor cost $100,500 Manufacturing overhead cost incurred $68,500 Indirect materials included in manufacturing overhead cost incurred $11,800 Manufacturing overhead cost applied to Work in Process $67,500 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for July is:

Answers

Answer:

Cost of goods manufactured= $228,700

Explanation:

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 25,500 + (46,000 + 75,500 - 39,500) + 100,500 + (68,500 - 11,800) - 36,000

cost of goods manufactured= $228,700

We deduct the indirect material from overhead because it is already incorporated into direct materials.

Ken Jones, an architect, organized Jones Architects on April 1, 20Y2. During the month, Jones Architects completed the following transactions: Transferred cash from a personal bank account to an account to be used for the business in exchange for Common Stock, $30,000. Purchased used automobile for $20,000, paying $4,500 cash and giving a note payable for the remainder. Paid April rent for office and workroom, $3,000. Paid cash for supplies, $1,440. Purchased office and computer equipment on account, $6,000. Paid cash for annual insurance policies on automobile and equipment, $2,000. Received cash from a client for plans delivered, $7,500. Paid cash to creditors on account, $1,740. Paid cash for miscellaneous expenses, $375. Received invoice for blueprint service, due in May, $1,000. Recorded fees earned on plans delivered, payment to be received in May, $5,200. Paid salary of assistant, $1,600. Paid cash for miscellaneous expenses, $810. Paid installment due on note payable, $240. Paid gas, oil, and repairs on automobile for April, $390.

Required:
Record the above transactions in T accounts.

Answers

Answer:

Jones Architects

T-accounts:

Cash

Account Titles               Debit      Credit

Common Stock,       $30,000

Automobile                                 $4,500

Rent expense                             $3,000

Supplies                                      $1,440

Prepaid Insurance                     $2,000

Service Revenue       $7,500

Accounts Payable                      $1,740

Miscellaneous expenses,            $375

Salary Expense                         $1,600

Miscellaneous expenses,            $810

Note payable,                              $240

Automobile expense                  $390

Common Stock

Account Titles               Debit      Credit

Cash                                           $30,000

Note payable

Account Titles               Debit      Credit

Automobile                                $15,500

Cash                              $240

Automobile

Account Titles               Debit      Credit

Cash                             $4,500

Note payable             $15,500

Rent expense

Account Titles               Debit      Credit

Cash                             $3,000

Supplies

Account Titles               Debit      Credit

Cash                             $1,440

Office and computer equipment

Account Titles               Debit      Credit

Accounts Payable      $6,000

Accounts Payable

Account Titles               Debit      Credit

Office and computer equipment $6,000

Cash                            $1,740

Blueprint expense                        $1,000

Prepaid Insurance

Account Titles               Debit      Credit

Cash                             $2,000

Service Revenue

Account Titles               Debit      Credit

Cash                                              $7,500

Accounts receivable                    $5,200

Miscellaneous expenses

Account Titles               Debit      Credit

Cash                               $375

Cash                               $810

Blueprint expense

Account Titles               Debit      Credit

Accounts payable        $1,000

Accounts Receivable

Account Titles               Debit      Credit

Service Revenue        $5,200

Salary Expense

Account Titles               Debit      Credit

Cash                              $1,600

Automobile expense

Account Titles               Debit      Credit

Cash                               $390

Explanation:

a) Data and Analysis:

Cash $30,000 Common Stock, $30,000

Automobile $20,000 Cash $4,500 Note payable $15,500

Rent expense $3,000 Cash $3,000

Supplies $1,440 Cash $1,440

Office and computer equipment $6,000 Accounts Payable $6,000

Prepaid Insurance $2,000 Cash $2,000

Cash $7,500 Service Revenue $7,500

Accounts Payable $1,740 Cash $1,740

Miscellaneous expenses, $375 Cash $375

Blueprint expense $1,000 Accounts payable $1,000

Accounts receivable $5,200 Service Revenue $5,200

Salary Expense $1,600 Cash $1,600

Miscellaneous expenses, $810 Cash $810

Note payable, $240 Cash $240

Automobile expense $390 Cash $390

Select all that apply The margin of safety is: (Check all that apply.) Multiple select question. the difference between expected sales and break-even sales divided by expected sales. the amount sales can drop before the company incurs a loss. adequate if greater than 15% to 20%. always expressed as a dollar amount (not in units or percentages).

Answers

Answer: • The amount sales can drop before the company incurs a loss.

• The difference between expected sales and break-even sales divided by expected sales.

Explanation:

The correct option regarding the margin of safety are that:

• The amount sales can drop before the company incurs a loss.

• The difference between expected sales and break-even sales divided by expected sales.

To report insights, researchers must combine their knowledge of business with their intimate knowledge of the research sponsor-manager gained while conducting the research.
A. True
B. False

Answers

Answer:

A. True

Explanation:

Any time you present a research report, you are combining your previous knowledge with new insights and knowledge gained while preparing the report. This applies to basically every type of new report that you prepare and even updates of prior reports. Sometimes the conditions change between the time the original report was made and the next periodic report.

The statement that researchers needs to add the knowledge of business as well as that of intimate research sponsor-manager to report insights is True.

Insights serves as the interpretations of raw data which contains some meaning in a particular context to the audience.

As a researcher, that want to report an insight, there is a need to combine the knowledge gained from sponsor-manager and knowledge from business during the research.

Therefore, the statement is True.

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Countess Corp. is expected to pay an annual dividend of $4.81 on its common stock in one year. The current stock price is $75.67 per share. The company announced that it will increase its dividend by 3.80 percent annually. What is the company's cost of equity

Answers

Answer:

10.40 %

Explanation:

Use  the Dividend Growth Model to calculate the Cost of Equity since the information provided allows for this method.

Cost of equity = Expected Dividend / Market Price + Growth rate

therefore,

Cost of equity = ($4.81 x 1.038) / $75.67 + 3.80

                        = 10.40 %

Consider two college roommates, one who smokes and one who does not. The smoker wishes to smoke in the room, and the nonsmoker dislikes smoking in the room. Suppose the smoker would be willing to pay $500 to be allowed to smoke in the room during the semester, and the nonsmoker would be willing to pay $600 to keep the room smoke-free. What should happen in the socially optimal outcome

Answers

Answer:

The socially optimal outcome is that there will be no smoking in the room.

Explanation:

The above answer is  based on the willingness of the nonsmoker to ensure that no smoking happens in the room.  For instance, the nonsmoker can pay off the smoker, paying $600 to dissuade him from smoking in the room. On the contrary, the smoker is only willing to cough out $500, which is less than $600, in order to smoke in the room. Under social optimality, the nonsmoker wins this game.

a company enters into a long futures contract to buy 4,000 barrels of oil for $62.50 per barrel. the initial margin is $62.50 x 4,000. what oil futures price will allow $2,000 to be withdrawn from the margin account

Answers

Answer:

For $2,000 to be withdrawn from the margin account, the oil futures price must be $62.

Explanation:

a) Data and Calculations:

Price of the long futures contract to buy 4,000 barrels of oil = $62.50 per barrel

Initial margin = $62.50 * 4,000

b) If the futures price is fixed at $62 per barrel and the initial margin per barrel already opened with a broker is $62.50, then the security investor can withdraw $2,000 ($0.50 * 4,000) from the margin account.  This will result in an excess of $0.50 per barrel.  Computationally, $0.50 * 4,000 = $2,000.

Task performance is defined as: Activities that transform raw materials into the goods and services that are produced by the organization. Activities that help with the transformation process by replenishing the supply of raw materials. A and B Offering help and cooperating with others.

Answers

Answer:

The correct option is A and B.

Explanation:

Task performance can be described as actions that convert raw materials into the goods and services which a company produces, as well as actions that aid in the conversion process by restocking raw materials, distributing finished products, or providing critical planning, supervising, staff functions, or coordination that promote effective and efficient functioning of the organization.

Based on the description above, the correct option is A and B. That is, task performance is defined as activities that transform raw materials into the goods and services that are produced by the organization, and activities that help with the transformation process by replenishing the supply of raw materials.

Given the following information, calculate the funds from operation (FFO).

Net income: $1,200,000
Gain/losses from infrequent and unusual events: $0
Amortization of tenant improvements: $120,000
Amortization of leasing expenses: $75,000
Depreciation (real property): $2,675,000.

a. $195,000
b. $1,395,000
c. $2,870,000
d. $4,070,000

Answers

Answer:

Funds from Operations = 4070000

Explanation:

Use the below formula to find the fund from operations:

Funds from Operations = Net Income + Depreciation + Amortization - Gains on Sales of Property

Funds from Operations = 1200000 + 2675000 + 75000  + 120000

Funds from Operations = 4070000

Klean Fiber Company is the creator of Y-Go, a technology that weaves silver into its fabrics to kill bacteria and odor on clothing while managing heat. Y-Go has become very popular in undergarments for sports activities. Operating at capacity, the company can produce 1,053,000 Y-Go undergarments a year. The per unit and the total costs for an individual garment when the company operates at full capacity are as follows.

Per Undergarment Total
Direct materials $1.96 $2,063,880
Direct labor 0.47 494,910
Variable manufacturing overhead 0.98 1,031,940
Fixed manufacturing overhead 1.41 1,484,730
Variable selling expenses 0.38 400,140
Totals $5.20 $5,475,600

The U.S. Army has approached Klean Fiber and expressed an interest in purchasing 249,700 Y-Go undergarments for soldiers in extremely warm climates. The Army would pay the unit cost for direct materials, direct labor, and variable manufacturing overhead costs. In addition, the Army has agreed to pay an additional $1.01 per undergarment to cover all other costs and provide a profit. Presently, Klean Fiber is operating at 70% capacity and does not have any other potential buyers for Y-Go. If Klean Fiber accepts the Army’s offer, it will not incur any variable selling expenses related to this order.

Required:
Prepare an incremental analysis for the Klean Fiber.

Answers

Answer:

Klean Fiber Company

Incremental Analysis for the

Special order by the U.S. Army:

Units to be purchased =            249,700

Sales Revenue                               $4.42

Variable costs:

Direct materials                              $1.96

Direct labor                                      0.47

Variable manufacturing overhead 0.98

Total variable costs                         3.41

Additional for contribution margin  1.01

Contribution margin =               $252,197 ($1.01 * 249,700)

Explanation:

a) Data and Calculations:

Annual production capacity = 1,053,000

                                           Per Undergarment          Total

Direct materials                              $1.96              $2,063,880

Direct labor                                      0.47                     494,910

Variable manufacturing overhead 0.98                  1,031,940

Fixed manufacturing overhead       1.41                  1,484,730

Variable selling expenses              0.38                    400,140

Totals                                            $5.20             $5,475,600

Calculate real rate if you have nominal rate is 12% and inflation rate is 7% Enter the answer in percentage format to two decimal place without the % sign -> 9.30 and not 9.3% or .093)

Answers

Answer: 5.00

Explanation:

The real interest rate is the difference between the nominal interest and the inflation rate.

Real interest rate will be:

= Nominal interest rate − Inflation rate.

= 12% - 7%

= 5.00

Therefore, the real Interest rate is 5.00.

BK Books is an online book retailer that also has 10,000 "bricks and mortar" outlets worldwide. You are a risk-neutral manager within the CorporateFinance Division and are in dire need of a new financial analyst. You onlyinterview students from the top MBAprograms in your area. Thanks to yourscreening mechanisms and contacts, the students you interview ultimately dif-fer only with respect to the wage that they are willing to accept. About 5 per-cent of acceptable candidates are willing to accept a salary of $60,000, while95 percent demand a salary of $110,000. There are two phases to the inter-view process that every interviewee must go through. Phase 1 is the initialone-hour on-campus interview. All candidates interviewed in Phase 1 are alsoinvited to Phase 2 of the interview, which consists of a five-hour office visit.In all, you spend six hours interviewing each candidate and value this time at$750. In addition, it costs a total of $4,250 in travel expenses to interview each candidate. you are very impressed with the first interviewee completing both phases of bk books’s interviewing process, and she has indicated that her reservation salary is $110,000. should you make her an offer at that salary or continue the interviewing process? explain.

Answers

Answer: Therefore, we should make her an offer at that salary

Explanation:

Based on the information given in the question,

Lowest salary = $60,000

Highest salary = $110,000

Expected Benefit = 5% × ($110,000 - $60,000) = 5% × $50,000 = $2500

The cost of conducting another interview will be:

= cost of time + cost of travel

= $750 + $4250

= $5000

Since the cost of conducting the additional interview is more than the expected benefit, therefore the interviewee should be hired rather than continuing the interviewing process.

Therefore, we should make her an offer at that salary.

To urban-dwelling, educated tech-savvy consumers, when they use Zipcar, car-sharing service, instead of owning a car, they save money while reducing their carbon footprint. What is effective about this position statement?

Answers

Answer: It addresses all five key elements of an effective position statement.

Explanation:

In this scenario, the most effective thing about this position statement is that it addresses all the five key elements of an effective position statement.

The target market is identified, the category of customers which are the prospective customers is identified as well. The company's differentiators as well as the mission and vision is also in effect.

You would use scenario analysis when:________.
a. Testing how an increase in revenue growth affects the share price
b. Performing what-if analysis to support business planning
c. Assessing which assumption has the biggest impact on the model
d. Comparing different business cases about the future with multiple variables changed

Answers

Answer:

d. Comparing different business cases about the future with multiple variables changed

Explanation:

I would start off by defining scenario analysis first. Scenario analysis can be defined as a process whereby future values of a portfolio investment can be predicted given that an event may occur or may not occur. In other words, it is a way of knowing what would happen to the values of a portfolio if a particular event occurs or if the event doesnt occur.

Given this explanation, the right answer to this question is option d, Comparing different business cases about the future with multiple variables changed

In a perpetual inventory system a.the inventory records cannot be computerized. b.the amount of inventory for sale and the amount sold are not listed in the inventory account. c.a count must be made in order to know the inventory amount. d.each purchase and sale of inventory is recorded in the inventory account.

Answers

Answer:

d. each purchase and sale of inventory is recorded in the inventory account.

Explanation:

In a perpetual inventory system we keep track of inventory balance and cost of sales whenever a sale or purchase transaction occurs. Under the perpetual inventory system, the firm always keeps updated inventory records.

The highest rate of entrepreneurship activity is in the 55-64 age group! Since 1966. older Americans have opened businesses at a higher rate that 20-34 year olds. 1. Can you think of reasons (other than experience and funding) that older entrepreneurs are successful

Answers

Answer:

In simple words, Older businessmen have previously experienced a variety of professional and personal conditions. They have more faith in their own abilities and capabilities than a new entrepreneur. Excellent leadership and delegating abilities arise from such conviction, and that is something that youthful entrepreneurs likely to develop only via trial & error.

A trademark is a device that can take almost any form as long as it is capable of identifying and distinguishing specific products or services. Owens-corning fiberglas corporation's trademark is an example of a poduct that is protected by:__________

a. combination of letters and designs.
b. product shape.
c. picture.
d. logo.
e. color.

Answers

Answer:

E)color

Explanation:

Trademark can be regarded as one of intellectual property, it can be explained as recognizable insignia, symbol as well as phrase and word, which denotes a particular product and it's one that legally differentiates that particular Product from all other products of its kind. A trademark can also be regarded as one that exclusively identifies a product and allow the consumer to know specific company it belongs to and also allows them to know company that have the ownership of the brand.

It should be noted that trademark is a device that can take almost any form as long as it is capable of identifying and distinguishing specific products or services.

For instance Owens-corning fiberglas corporation's trademark is an example of a poduct that is protected by logo.

Kathleen Taylor is a high school student who has been investigating the possibility of mowing lawns for a summer job. She has a couple of friends she thinks she could hire on an hourly basis per job. The equipment, including two new lawnmowers and weedeaters, would cost her $500, and she estimates her cost per lawn, based on the time required to pay her friends to mow an average residential lawn (and not including her own labor) and gas for driving to the jobs and mowing, would be about $14.
a. If she charges customers $30 per lawn, how many lawns would she need to mow to breakeven?
b. Kathleen has 8 weeks available to mow lawns before school starts again, and she estimates that she can get enough customers to mow at least three lawns per day, 6 days per week. How much money can she expect to make over the summer?
c. Kathleen believes she can get more business if she lowers her price per lawn. If she lowers her price to $25 per lawn and increases her number of jobs to four per day (which is about all she can handle anyway), should she make this decision?

Answers

Answer:

Kathleen Taylor

a. The break-even lawns she needs to mow is:

= 31.25 lawns.

b. She can then expect to make $4,320 in Service Revenue and $2,304 in net income.

c. She should not lower her price.

Explanation:

a) Data and Calculations:

Cost of equipment = $500

Cost per lawn = $14

Price per lawn = $30

Contribution per lawn = $16 ($30 - $14)

Break-even point = $500/$16

= 31.25 lawns

Available period = 8 weeks

Number of lawns per day = 3

Working days per week = 6

Number of lawns per week = 18

Number of lawns for the period = 144 (18 * 8)

She can then expect to make $4,320 in Service Revenue and $2,304 in net income.

Number of lawns for the period = 192 (4 * 6 * 8)

Service revenue = $4,800 (192 * $25)

Net income = $2,112 (192 * $11)

Due to erratic sales of its sole product—a high-capacity battery for laptop computers—PEM, Inc., has been experiencing financial difficulty for some time. The company’s contribution format income statement for the most recent month is given below: Sales (12,800 units × $20 per unit) $ 256,000 Variable expenses 153,600 Contribution margin 102,400 Fixed expenses 114,400 Net operating loss $ (12,000 ) Required: 1. Compute the company’s CM ratio and its break-even point in unit sales and dollar sales. 2. The president believes that a $6,700 increase in the monthly advertising budget, combined with an intensified effort by the sales staff, will result in an $84,000 increase in monthly sales. If the president is right, what will be the increase (decrease) in the company’s monthly net operating income?

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Sales (12,800 units × $20 per unit) $256,000

Variable expenses 153,600 (12)

Contribution margin 102,400

Fixed expenses 114,400 Net operating loss $ (12,000 )

First, we need to calculate the contribution margin ratio and the break-even point in units and dollars:

Contribution margin ratio= unitary CM / Selling price

Contribution margin ratio= total CM / Sales

Contribution margin ratio= 102,400 / 256,000

Contribution margin ratio= 0.4

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 114,400 / (20 - 12)

Break-even point in units= 14,300

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 114,400 / 0.4

Break-even point (dollars)= $286,000

Now, we need to calculate the effect on the income of increasing the advertising budget:

Effect on income= increase in contribution margin - increase in fixed costs

Effect on income= 84,000*0.4 - 6,700

Effect on income= $26,900 increase

1) A First National Bank depositor made out a deposit slip showing currency of $620.00, coins of $13.25,
and two checks for $113.30 and $174.00. Compute the total deposit shown on the deposit slip.
(2 pts)
$920.55
$902.55
$633.25
$820.55

Answers

Answer:

The right answer is "$907.30".

Explanation:

Given that:

Currency,

= $620.00

Two checks,

= $113.30

and,

= $174.00

Now,

The total deposit shown will be:

= [tex]Currency+2 \ checks[/tex]

By substituting the values, we get

= [tex]620.00+(113.30+174.00)[/tex]

= [tex]620.00+287.3[/tex]

= [tex]907.30[/tex] ($)

Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. Journalize the following selected transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank. Oct. 1. Paid rent for the month, $4,300. 3. Paid advertising expense, $2,750. 5. Paid cash for supplies, $1,180. 6. Purchased office equipment on account, $18,100. 12. Received cash from customers on account, $5,900. 20. Paid creditor on account, $1,730. 27. Paid cash for miscellaneous expenses, $750. 30. Paid telephone bill for the month, $280. 31. Fees earned and billed to customers for the month, $39,300. 31. Paid electricity bill for the month, $470. 31. Paid dividends, $3,000.

Answers

Answer:

Date        Accounts title                        Debit$      Credit$

1-Oct        Rent expense Account          4300

                     Cash account                                      4300

3-Oct       Advertisement expense         2760

                     Cash account                                      2760

5-Oct     Supplies Account                     1180

                    Cash account                                       1180

6-Oct     Office equipment Account      18100

                    Accounts payable                                18100

10-Oct    Cash account                            5900

                    Accounts receivable                            5900

15-Oct     Accounts payable                     1730

                    Cash account                                        1730

27-Oct    Misc expense Account              750

                     Cash account                                      750

30-Oct    Utility expense Account            280

                     Cash account                                      280

31-Oct     Accounts receivable Account  39300

                     Service revenue                                 39300

31-Oct    Utility expense Account            470

                     Cash account                                      470

31-Oct    Jason payne, Drawings            3000

                    Cash account                                        3000

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