Firm A is concerned about the reactions of buyers to the price it sets for its product. Firm B is concerned about the reactions of buyers and its few rivals to the price it sets for its product. Firm C has no control over the price at which its product is sold. Which of the following best describes Firms A, B, and C respectively?
A) a monopolistic competitor, an oligopolist, and a pure competitor.
B) an oligopolist, a monopolistic competitor, and a pure competitor.
C) a monopolistic competitor, a pure competitor, and an oligopolist.
D) a pure competitor, an oligopolist, and a monopolistic competitor.
E) None of the above is correct.

Answer:

A

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants

An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.

Oligopolies are characterised by:

price setting firms

product differentiation

profit maximisation

high barriers to entry or exit of firms

downward sloping demand curve

A passenger on a cruise ship was injured by a rope thrown while the ship was docking. The passenger was sitting on a lounge chair on the third deck when she was struck by the weighted end of a rope thrown by an employee of Port Everglades, where the boat was docking. These ropes, or heaving lines, were being thrown from the dock to the second deck, and the passenger was injured by a line that was thrown too high. The trial court granted the cruise line’s motion for directed verdict on the ground there was no evidence that the cruise line knew or should have known of the danger. The cruise line contended that it had no notice that this "freak accident" could occur. What is the duty of a cruise ship line to its passengers? Is there liability here? Does it matter that an employee of the port city, not the cruise lines, caused the injury? Should the passenger be able to recover? Why or why not?

This is for ACC 556

The Novak Company has just completed a physical inventory count at year end, December 31, 2022. Only the items on the shelves, in storage, and in the receiving area were counted and costed on the FIFO basis. The inventory amounted to $75,500. During the audit, the independent CPA discovered the following additional information:


(a) There were goods in transit on December 31, 2022, from a supplier with terms FOB destination, costing $9,700. Because the goods had not arrived, they were excluded from the physical inventory count.
(b) On December 27, 2022, a regular customer purchased goods for cash amounting to $950 and had them shipped to a bonded warehouse for temporary storage on December 28, 2022. The goods were shipped via common carrier with terms FOB shipping point. The customer picked the goods up from the warehouse on January 4, 2023. Novak Company had paid $475 for the goods and, because they were in storage, Novak included them in the physical inventory count.
(c) Novak Company, on the date of the inventory, received notice from a supplier that goods ordered earlier, at a cost of $3,700, had been delivered to the transportation company on December 28, 2022; the terms were FOB shipping point. Because the shipment had not arrived on December 31, 2022, it was excluded from the physical inventory.
(d) On December 31, 2022, there were goods in transit to customers, with terms FOB shipping point, amounting to $770 (expected delivery on January 8, 2023). Because the goods had been shipped, they were excluded from the physical inventory count.
(e) On December 31, 2022, Novak Company shipped $3,000 worth of goods to a customer, FOB destination. The goods arrived on January 5, 2023. Because the goods were not on hand, they were not included in the physical inventory count.
(f) Novak Company, as the consignee, had goods on consignment that cost $3,300. Because these goods were on hand as of December 31, 2022, they were included in the physical inventory count.

Analyze the above information and calculate a corrected amount for the ending inventory.

Corrected inventory $enter corrected inventory in dollars

Different customer statement types are available to suit different client situation. Heather wants to help hendatud unpaid invoices, unapplied payments, and Credit Memos. Which statement type should she choose?
A. Balance Forward
B. Open Item
C. Transaction Statemont
D. Client Open Balance

How Does Being Good Pay Off? Organizations are under increasing pressure to do the right thing and serve the public good, and there are a multitude of ways that organizations can be ethical and socially responsible. Although organizations should always consider ways to do this, these decisions often come at a financial cost and thus create dilemmas for organizational decision makers. This activity is important because it highlights the ways that being socially responsible is beneficial for organizations. The goal of this exercise is to challenge your knowledge of research findings on how being ethical and socially responsible pays off for organizations. Listed in the diagram are statements showing how ethical and socially responsible behavior by a company affects various stakeholders. Read the statements and then drag each term to the element of ethical or socially responsible behavior that it best represents Interpersonal Relationships Employees Profits Stock Price Revenue Customers Consumers want to Socially responsible spend more money companies generate An ethical scandal can cause a with companies that significantly higher 5- year returns on are socially company's valuation invested capital responsible to plummet Workers may be happier and less likely to leave when their company is socially responsible Companies with Investors are effective ethics and increasingly seeking compliance cultures socially responsible find their employees companies to put are less likely to their money into retaliate against one another

Pureform, Inc., uses the weighted-average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow:

Units Materials Labor Overhead
Work in process inventory, beginning 65,000 $ 68,500 $ 5,700 $ 21,400
Units started in process 617,000
Units transferred out 610,000
Work in process inventory, ending 72,000
Cost added during the month $ 905,900 $ 70,524 $ 264,440
The beginning work in process inventory was 75% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 55% complete with respect to materials and 35% complete with respect to labor and overhead.

Required:

1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month.

2. Determine the first department's cost per equivalent unit for materials, labor, and overhead for the month. (Round your answers to 2 decimal places.)

Use the drop-down menus to answer the questions.
From where does this organization get most of its funding?


Sale of goods

Public Donations

Government Donations


What is the main purpose of this organization?


To teach people about animals

To find homes for all pets

To promote animal welfare

The process specifications are 12.45 and 13.45 minutes. Based on the data given, does it appear that specifications are being met?
Sample 1 Sample 2 Sample 3 Sample 4 Sample 5
12.5 13.4 13.0 13.2 12.9
12.7 13.2 13.6 12.7 13.5
12.9 13.0 13.3 13.3 13.2
13.2 13.1 13.4 12.7 13.2
Totals 51.4 52.7 53.2 51.9 52.7
a. Yes
b. No

The two principal sources of financing for corporations are Group of answer choices cash and common equity common equity and preferred equity debt and accounts payable debt and equity

The European Union (EU) bans the importation of hormone-fed U.S. beef and bioengineered corn and soybeans on safety grounds although Americans eat this food every day. This ban is so consumers in the EU will buy domestic beef and products made from domestically produced corn and soybeans. This ban is an example of: Group of answer choices ethnocentricity free trade protectionism dumping countertrading

Investors want a return that satisfies the following expectations: Group of answer choices A return for delaying consumption An additional return for accepting dividends rather than capital gains Both A and B. An additional return for taking on risk

Which of the following usually carries the highest interest rates?

HELP!!!

Match each type of tariff with its purpose.
?
Earn money for the
government
Protective tariff
?
Help domestic producers
Revenue tariff
?
Engage in a trade war
Retaliatory tariff

(a p e x)

HELPPP!!! It is easy for a company to make a few changes in its practice to create the appearance of sustainability but very difficult to infuse their entire business model with a philosophy of sustainability.

True or False

TYSM!!

Instructions
A new client has come to your architectural office, to discuss ideas of her families new residence. She is moving to Colorado from a rural area in southern Georgia to take a
new job. She has not yet decided whether to build a home or buy an existing one. The client is about 35 years ols and has three children, ages 9, 5 and 2.
When you ask about her family's priorities, she tells you that the home must be close to good schools and daycare facilities. Although her new job is downtown, she does not
want to live downtown because she thinks that would be too big of a change for her children. She wants a house with at least three bedrooms, with room for expansion
Given this preliminary information, answer the following questions.

In general, as price increases, demand decrease? True or False.

Gladstone Co. has expected sales of $352,000 for the upcoming month and its monthly break even sales are $332,500. What is the margin of safety as a percent of sales, rounded to the nearest whole percent

When Dorothy had children, she decided to quit her job in advertising to stay home and raise them until they went to grade school. * 10 points a. Employed b. Unemployed c. Out of the labor force

what is scientific management theory??​

27. Subscription owing N6,000 at 31/12/2014.
Subscription in advance 14,000 at
31/12/2014. Cash received as subscription
during the year was N80,000.
The subscription for the year 2014 was
(a) N90,000 (b) N82,000
(c) A78,000 (d) N70,000

A manager at Strateline Manufacturing must choose between two shipping alternatives: two-day freight and five-day freight. Using five-day freight would cost $200 less than using two-day freight. The primary consideration is holding cost, which is $8 per unit a year. 2,400 items are to be shipped. Which alternative would you recommend

With respect to cost classifications for preparing financial statements: a. What is the total product cost? b. What is the total period cost? 2. With respect to cost classifications for assigning costs to cost objects: a. What is total direct manufacturing cost? b. What is the total indirect manufacturing cost? 3. With respect to cost classifications for manufacturers: a. What is the total manufacturing cost? b. What is the total nonmanufacturing cost? c. What is the total conversion cost and prime cost? 4. With respect to cost classifications for predicting cost behavior: a. What is the total variable manufacturing cost? b. What is the total fixed cost for the company as a whole? c. What is the variable cost per unit produced and sold? 5. With respect to cost classifications for decision making: a. If Dozier had produced 1,001 units instead of 1,000 units, how much incremental manufacturing cost would it have incurred to make the additional unit?

Landlord-Tenant relationships are established by lease contracts. State the Rights and Duties of the Landlord-Tenant Relationship (Possession, Use and Maintenance, etc.). What are Transferring Rights to Leased Property? Explain an Assignment; a Sublease.

when you are on assignment and the job site supervisor asks you to do something from or in addition to your original job descriptipon, you should:

Given the following data for the number of defects per spool of cable.

OBSERVATION

1 2 3 4 5 6 7 8 9 10 11 12 13 14
Number of defects 2 3 1 0 1 3 2 0 2 1 3 1 2 0
a.
Determine three-sigma control limits using the above data. (Do not round intermediate calculations. Round your final answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Round up any negative control limit value to zero.)

UCL
LCL
b. Is the process in control?
Yes
No

Museum curators are a tourism career.
A.
True
B.
False

Decision making can be a difficult process if managers are not well-versed in recognizing and addressing various hindrances they face when attempting to make rational decisions. This activity is important because leadership and decision-making go hand-in-hand; decision making is one of the critical KSAOs you will need in order to be career-ready. The goal of this exercise is to test your knowledge of the hindrances to rational decision making. First, hover over each name and read the description. Next, click and drag each name to the appropriate place in the chart to correspond with the hindrance to decision making that its description best represents Broderick, as head of company benefits, is choosing a new healthcare plan for all of the company's employees. He has stacks of thick policy manuals on his desk reaching up to the ceiling. There is no way he can get through all of it alone. But he decides to do the best he can because he'd rather not take other benefits workers off of their already busy workloads.
Broderick The problems that need solving are often exceedingly complex, beyond understanding Tony There is not enough time or money to gather all relevant information. Jarrod Managers aren't all built the same way, of course, and all have personal limitations and biases that affect their judgment. Annice Managers have imperfect, fragmentary information about the alternatives and their consequences. Nickole There is too much information for ona narson to process

Alex is the Chief Executive Officer (CEO) of a large corporation. Alex has excellent management skills, but has little financial expertise. When the firm is caught inflating its profits on its financial statements, Alex claims he was unaware of any financial issues. Alex will most likely

A cement manufacturer has supplied the following data:
Tons of cement produced and sold 235,000
Sales revenue $939,000
Variable manufacturing expense $255,000
Fixed manufacturing expense $289,000
Variable selling and administrative expense $120,600
Fixed selling and administrative expense $85,000
Net operating income $189,400
The company's contribution margin ratio is closest to:_________
a) 42.1%
b) 69.2%
c) 60.0%
d) 20.2%

In two years, you will receive the 1st payment from an irrevocable trust your grandparents set up. The trust is set up make payments forever. The appropriate discount rate is 2.0%. The 1st payment is for $500 and the payments will increase by 1.0% per year every year thereafter. The present value of all the future trust payments is closest to:

Skills USA offers the opportunity to practice information technology skills.
A.
True
B.
False