Answer: Please see answer in explanation column
Explanation:
1. Being issued in excess of par value
Account titles & Explanations Debit Credit
Cash $108,000
Common stock(9,000 x 10) $90,000
paid in capital in excess of par value
Common Stock(108,000 - 90,000) $18,000
2.Being issued to promoters at stated value
Account titles & Explanations Debit Credit
Organisational expense $49,500
common stock (4500 x 1 ) $4,500
paid in capital in excess of stated value
Common stock (49,500 -4,500) $45,000
3 Being issued to promoters at no stated value
Account titles & Explanations Debit Credit
organisational expense $49,500
Common stock of no par value $49,500
4 Being issued of preferred shared in excess of par value
Account titles & Explanations Debit Credit
Cash $105,750
Preferred Stock(2,250 X $25) $56,250
paid in capital in excess of par value
of preferred stock ( $105,750- $56,250) $49,500
Sometimes the exports of developing nations are concentrated in only one or a few primary products.
a. True
b. False
Answer:
I think true if not sorry:-(
Waterway has a standard of 2 hours of labor per unit, at $12 per hour. In producing 3800 units, Waterway used 7350 hours of labor at a total cost of $89670. Waterway's labor quantity variance is
Answer:
Direct labor time (efficiency) variance= $3,000 favorable
Explanation:
Giving the following information:
Standard= 2 hours of labor per unit, at $12 per hour.
In producing 3800 units, Waterway used 7350 hours of labor.
To calculate the direct labor quantity variance, we need to use the following formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 2*3,800= 7,600 hours
Direct labor time (efficiency) variance= (7,600 - 7,350)*12
Direct labor time (efficiency) variance= $3,000 favorable
Do you believe the cash flows from investing activities should include not only the return of investment, but also the return on investment, that is the interest and dividend revenue?
Answer:
Yes. Cash flows from investing activities should also include return on investment.
Explanation:
Dividend and Interest revenue arise as a result of the Investments that were made by the company and as such constitutes cash flow from investing activities of a Company.
The following data were reported by a corporation: Authorized shares 37,000 Issued shares 32,000 Treasury shares 12,000 The number of outstanding shares is: Multiple Choice 37,000. 32,000. 25,000.
Answer:
20,000
Explanation:
Outstanding shares = Issued shares - Treasury shares
32,000 - 12,000 = 20,000
Shares is a method through which firms raise capital.
Authorised shares are the maximum number of shares a company can issue to investors
Outstanding shares are the total number of shares sold to investors
Treasury shares are shares that have been issued and later repurchased by the company
Issued shares are the shares that a company issues
Explain how you would value a stock. Provide an example of a valuation of a stock based on retrieved real data. Include evidence of the retrieved data in your answer. Compare your valuation with the actual price of the stock at the designated time for your valuation.
Answer with Explanation:
There are numerous stock valuing models but here, I will use Dividend Valuation Model which is based on finding the intrinsic value of Stock which is the present value of the stock at a required rate of return. The formula to calculate Intrinsic value of stock is given as under:
P0= D0 * (1 + g) / (ke - g)
Here
P0 is the intrinsic value of the stock
D0 is the dividend just paid
g is the growth rate
ke is the investor's required rate of return
The model doesn't holds if the company doesn't pays Dividend.
Now suppose that the Dividend just paid by Apple is $20 per stock. The anticipated growth rate of dividend is 10% and the required rate of return is at 15%.
By putting values in the above equation, we have:
P0= $20 * (1 + 10%) / (15% - 10%)
= $20 / (15% - 10%)
= $400 per share
The value of stock of Apple is $400 per share which must be its fair market value as per the Dividend Valuation Model.
As per the model, if the value of stock is higher as per dividend valuation model then we must purchase the stock as it will generate higher value and vice versa. The inherent limitation of the model is that it assumes that the dividend is growing at constant rate and is consistently paid. The main disadvantage of Dividend valuation model is that it doesn't account for political factors, economical factors, evolving business risks, technological factors, etc.
Sound Systems (SS) has 200,000 shares of common stock outstanding at a market price of $37 a share. SS recently paid an annual dividend in the amount of $1.20 per share. The dividend growth rate is 4 percent. SS also has 4,500 bonds outstanding with a face value of $1,000 per bond that are selling at 99 percent of par. The bonds have a 6 percent coupon and a 6.7 percent yield to maturity. If the tax rate is 34 percent, what is the weighted average cost of capital?
Answer:
the weighted average cost of capital is 6.31 %
Explanation:
Weighted Average Cost of Capital (WACC) is the return required by the providers of long term permanent source of capital to the firm.
WACC = Ke × (E/V) + Kp × (P/V) + Kd × (D/V)
Ke = Cost of equity
= $1.20 / $37.00 + 0.04
= 0.0724 or 7.24 %
E/V = Weight of Equity
= (200,000 × $37) ÷ (200,000 × $37 + 4,500 × $1,000 × 99%)
= $7,400,000 ÷ ($7,400,000 + $4,455,000)
= 62.42 %
Kd = Cost of Debt
= Interest × (1 - tax rate)
= 6.70 % × (1 - 0.34)
= 4.42 %
D/V = Weight of Debt
= (4,500 × $1,000 × 99%) ÷ (200,000 × $37 + 4,500 × $1,000 × 99%)
= $4,455,000 ÷ ($7,400,000 + $4,455,000)
= 37.28 %
Therefore,
WACC = 7.24 % × 62.42 % + 4.42 % × 37.28 %
= 6.31 %
Explain the 3 primary ingredients of Just in Time, and how it can be used in a transportation company.
Explanation:
Just in time can be understood as a strategic system that fundamentally seeks to achieve continuous improvement of processes by reducing costs and waste.
Its principles are total quality management, respect for people and just in time manufacturing.
Just in time can be understood as a strategic system that fundamentally seeks to achieve continuous improvement of processes by reducing costs and waste.
Its principles are total quality management, respect for people and just in time manufacturing.
In this strategy, the focus is that all activities must be carried out at the exact time, that is, eliminating any waste such as raw material, stock, production, etc., which eliminates costs and reduces failures, increasing all processes organizational changes that guarantee an increase in total quality.
The principle of respect for people is also given by the flexibility that this system gives to employees, by the management of total quality that gives a more dynamic work that guarantees the greatest engagement of employees.
In a transport company, the Just in time system would be effective if it were integrated into all operational areas of the company, involving all work hierarchies.
It would also be essential to have changes in internal policies to ensure that processes are improved in order to eliminate waste, which would require adequate training of employees, the implementation of control technologies, the adoption of a more effective and faster value chain , etc., in order to eliminate waste and increase total quality.
Cheyenne Corp. had the following transactions that took place during the year:I.Recorded credit sales of $2250II.Collected $1350 from customersIII.Recorded sales returns of $450 and credited the customer's account.What is the total effect of these transactions on free cash flow?a) No Effectb) Cannot be determinedc) Increased) Decrease
Answer:
The correct option is d) Decrease.
Explanation:
Free cash flow (FCF) can be described as the cash that is generated by a company after cash outflows required to support operations and maintain the capital assets of the company have been accounted for.
Therefore, FCF can be calculated by adjusting for non-cash expenses, changes in working capital, and capital expenditures to reconcile net income.
The total effect of these transactions on free cash flow can be determined by first calculating the account receivable for the year as follows:
Calculation of account receivable for the year:
Particular Amount ($)
Credit sales 2,250
Cash collected from the customer (1,350)
Sales returns (450)
Account receivable 450
A partial free cash flow statement can therefore be prepared as follows:
Cheyenne Corp.
Free cash flow statement (Partial)
Particular Amount ($)
Net income xx
(Increase) decrease in non-cash current assets:
Increase in account receivable (450)
Free cash flow (450)
Since the free cash flow is negative or minus $450, it therefore implies that the total effect of these transactions on free cash flow is a decrease.
Therefore, the correct option is d) Decrease.
When the operating activities section of the statement of cash flows is reported using the direct method: Multiple Choice Footnotes to the financial statements disclose the difference between net income and the cash provided or used by financing activities. Noncash investing and financing activities is included in the statement of cash flows. Operating cash receipts minus operating cash payments equals net cash provided (used by)operating activities. Net income is adjusted for changes in noncurrent assets and noncurrent liabilities. The income statement is prepared under the cash basis of accounting.
Answer:
Operating cash receipts minus operating cash payments equals net cash provided (used by) operating activities.
Explanation:
A statement of cash flows is also known as cash flow statement and it is a financial statement which is used to illustrate how changes in income and various account of the balance sheet affect cash and cash equivalents.
The statement of cash flows is also used by financial experts or accountants to breakdown the cash-flow analysis into;
1. Cash-flow from financing activities: it represents the cash flow from debt or equity. Typically, it's the costs used in a financing a business.
2. Cash-flow from investing activities: it represents the cash flow from investment such as proceeds from the sale of plant, equipments, etc.
3. Cash-flow from operating activities: it represents cash-flow and transactions from operational business activities such as employee salary, sales of goods, etc.
In Financial accounting, the direct method of reporting operating cash flows uses actual cash inflows and outflows from the operating activities of a company by generating data from the income statement (cash receipts and cash disbursements/payments).
Hence, when the operating activities section of the statement of cash flows is reported using the direct method; operating cash receipts minus operating cash payments (disbursements) equals net cash provided, that is typically used by operating activities.
The production department is proposing the purchase of an automatic insertion machine. They have identified 3 machines and have asked the accountant to analyze them to determine the best average rate of return.
Machine A Machine B Machine C
Estimated Average Income $45,192.56 $64,695.00 $60,929.70
Average Investment $322,804.00 $215,650.00 $406,198.00
Select the correct answer.
a) Machine B or C
b) Machine A
c) Machine C
d) Machine B
Answer:
Option D is correct
Machine B is the best investment
Explanation:
The accounting rate of return is the average annual income expressed as a percentage of the average investment.
The simple rate of return can be calculated using the two formula below:
Accounting rate of return =
Annual operating income/Average investment × 100
To determine the the machine with the best return,we would compute the average annual return of all of the machines and then choose the machine with the highest return
This is done as follows:
Machine Working s Average annul rate
A 45,192.56/322,804.00 × 100 = 14.0%
B 64,695.00/215,650.00 × 100= 30.0%
C 60,929.70/406,198.00× 100 = 15.0%
Machine B is the best investment
A simple random sample of 20 observations is derived from a normally distributed population with a known standard deviation of 3.2. You may find it useful to reference the z table.
a. Is the condition that X−X− is normally distributed satisfied?
Yes
No
b. Compute the margin of error with 95% confidence. (Round intermediate calculations to at least 4 decimal places. Round "z" value to 3 decimal places and final answer to 2 decimal places.)
c. Compute the margin of error with 90% confidence. (Round intermediate calculations to at least 4 decimal places. Round "z" value to 3 decimal places and final answer to 2 decimal places.)
d. Which of the two margins of error will lead to a wider interval?
The margin of error with 95% confidence.
The margin of error with 90% confidence.
Answer:
1. It is satisfied
2. 1.4
3. 1.18
4. 95% confidence is wider
Explanation:
1. It is normally distributed since n<30
2. Margin of error with 95% confidence
= Alpha = 1 - 0.95
= O.05
Alpha/2 = 0.025
Z(0.025) = 1.960
Margin of error = z(1.960)*SD/√n
= 1.960*(3.2/√20)
= 1.960 x 0.7156
= 1.4025
Approximately 1.4
3. At 90%
Alpha = 1 -0.9
= 0.10
Alpha/2 = 0.05
Z(0.05) =1.645
E = 1.645 x 3.2/√20
= 1.645 x 0.7176
= 1.177
Approximately 1.18
4. From the calculations in 2 and 3 it is obvious that the margin of error with 95% confidence interval is wider.
A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two alternatives, A and B, have been identified, and the associated costs and revenues have been estimated. Annual fixed costs would be $38,000 for A and $31,000 for B; variable costs per unit would be $7 for A and $11 for B; and revenue per unit would be $19.
a. Determine each alternative’s break-even point in units. (Round your answer to the nearest whole amount.)
QBEP,A units
QBEP,B units
b. At what volume of output would the two alternatives yield the same profit? (Round your answer to the nearest whole amount.)
c. If expected annual demand is 10,000 units, which alternative would yield the higher profit?
Answer:
Instructions are below.
Explanation:
Giving the following information:
Machine A:
Fixed costs= $38,000
Unitary cost= $7
Machine B:
Fixed costs= $31,000
Unitary cost= $11
Revenue per unit= $19
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Machine A:
Break-even point in units= 38,000 / (19 - 7)
Break-even point in units= 3,167
Machine B:
Break-even point in units= 31,000 / (19 - 11)
Break-even point in units= 3,875
Now, we need to determine the indifference point:
Machine A= 38,000 + 7x
Machine B= 31,000 + 11x
x= number of units
We will equal both formulas and isolate x:
38,000 + 7x = 31,000 + 11x
7,000 = 4x
1,750=x
Indifference point= 1,750 units
Finally, the total cost for 10,000 units:
Machine A= 38,000 + 7*10,000= $108,000
Machine B= 31,000 + 11*10,000= $141,000
Internet là một thị trường hiệu quả hay không hiệu quả về giá?
Answer:
net là một thị trường hiệu quả hay không hiệu quả
Explanation:
Which of the following is most correct according to the CAPM: Group of answer choices A stock’s risk premium depends on its beta. Company specific risk is the most relevant risk. A stock’s risk premium depends on its firm-specific risk. There is a linear and positive relationship between a stock’s total risk and its required return.
Answer: A stock’s risk premium depends on its beta
Explanation:
The Capital Asset Pricing Model (CAPM) helps in knowing the relationship that exists between the systematic risk and return whihc an individual or a firm expects for an assets, such as stocks.
It should be noted that the beta influences the return. Therefore, stock’s risk premium depends on its beta.
The Baldwin Company currently has the following balances on their balance sheet: Total Assets $260,881 Total Liabilities $150,673 Retained Earnings $52,700 Suppose next year the Baldwin Company generates $44,200 in net profit, pays $12,000 in dividends, total assets increase by $55,000, and total liabilities remain unchanged. What will ending Baldwins balance in Common Stock be next year
Answer:
common stock = $80,308
Explanation:
assets = liabilities + equity
current balance:
$260,881 = $150,673 + $110,208
$110,208 = common stock + retained earnings = $57,508 + $52,700
next year:
net income = $44,200
dividends = $12,000
assets = $260,881 + $55,000 = $315,881
liabilities = $150,673
equity = $315,881 - $150,673 = $165,208
retained earnings = $52,700 + $44,200 - $12,000 = $84,900
common stock = $165,208 - $84,900 = $80,308
Sager Industries is considering an investment in equipment that will replace direct labor. The equipment has a cost of $1,200,000 with a $300,000 residual value and a 10-year life. The equipment will replace three employees who has an average total wages of $180,000 per year. In addition, the equipment will have operating and energy costs of $7,500 per year.
Determine the average rate of return on the equipment, giving effect to straight-line depreciation on the investment.
Answer:
Average rate of return = 11%
Explanation:
Depreciation = (Cost of equipment - Residual value) / Useful years
Depreciation = (1,200,000-300,000) / 10
Depreciation = 90,000
Increase in net annual income = 180,000 - 90,000 - 7,500
Increase in net annual income = 82,500
Average investment = (1,200,000 + 300,000) / 2 = 750,000
Average rate of return = Increase in net annual income / Average investment
Average rate of return = 82,500/750,000
Average rate of return = 0.11
Average rate of return = 11%
A registered representative receives an order from a corporate issuer to buy 500,000 shares of that issuer's stock in the market, 5 minutes prior to market close. The registered representative should:
Answer: C. inform the company that this is a possible market manipulation under the Securities Exchange Act of 1934
Explanation:
The Securities Exchange Act of 1934 is meant to govern the actions of issuers and their affiliates engaging in trade in the open market. One reason for this is to prevent stock price manipulation.
SEC Act Rule 10b-18 might rule this transaction as a manipulative activity because it goes against the section of it that states that securities cannot be traded within 10 minutes of the stock market closing if that stock is an actively traded one. If it is not then the trade should not be executed within 30 minutes of market close.
The client should therefore be informed that by placing an order 5 minutes before close they could run afoul of this Act because buying such huge amounts at such a time could influence the price upwards for when the market reopens.
a firm learn that the own price of elasticity of a product it manufactures a 3.5 what would be the correct
Answer: Lower the price because demand for the good is elastic.
Explanation:
The good is elastic because the elasticity is more than 1. What this means is that when the price of the good is reduced by 1%, the demand of the good will increase by 3.5%.
If the company wishes to raise revenue therefore they should reduce their prices because more people would then buy the goods and the number of more sales would lead to higher revenue.
A product with an MSRP of CNY 15.00 has a promotion allowance of 15%. How much will the distributor receive in promotion allowance for each unit
Answer: CNY 2.25
Explanation:
Promotional Allowances are discounts in price that the producers/ supplies of a product will offer to trade partners like distributors to get them to promote their products so that they sell faster.
The promotion allowance here is 15% of the Manufacturer's Suggested Retail Price of CNY 15.00 which is;
= 15% * 15
= CNY 2.25
Food Shoppe Galore had the following information: Total market value of a company’s stock: $650 million Total market value of the company’s debt: $150 million What is the weighted average of the company’s debt?
Answer:
18.75%
Explanation:
Food Shoppe galore has a total market value stock of $650 million
The total market value of the company's debt is $150 million
The first step is to calculate the total market value of the company's capital
= $150,000,000 + $650,000,000
= $800,000,000
Therefore, the weighted average of the company's debt can be calculated as follows
= $150,000,000/$800,000,000
= 0.1875×100
= 18.75%
Hence the weighted average of the company's debt is 18.75%
Electronic Arts is a video game company that competes with Activision Blizzard. A condensed balance sheet for Electronic Arts and a partially completed vertical analysis are presented below.Cash and Short-term Investments $1,680 33% Accounts Payable $136 2%Accounts Receivable, Net 312 6 Accrued Liabilities 658 Inventories 42 1 Notes Payable (long-term) 2,009 40Other Current Assets 291 Total Liabilities 2,803 Intangibles 1,974 Common Stock 2,246 44Property and Equipment, Net 548 Retained Earnings 21 1Other Assets 223 4 Total Stockholders' Equity 2,267 45Total Assets $5,070 100% Total Liabilities & Stockholders' Equity $5,070 100%Required: a. Complete the vertical analysis by computing each line item as a percentage of total assets.b. What percentages of Electronic Arts' assets relate to intangibles versus property and equipment?
Answer:
a. Computation of percentages for Vertical Analysis
Other current Assets -- (Other current assets/Total Assets) * 100 -- ($291/$5070)*100 -- 6%
Intangible -- (Intangibles/Total assets) * 100 --($1,974/$5,070)*100--39%
Property and Equipment,Net -- (Property and equipment,Net/Total assets)*100-- ($548/$5070)100 -- 11%
Accrued Liabilities -- (Accrued liabilities / Total liability and stockholders Equity)*100 -- ($658/$5070)*100-- 13%
Total Liabilities -- (Total liability/Total liabilities and stock holders Equity) * 100 -- ($2803/$5070) * 100 -- 55%
b. Percentage of intangible and Property and Equipment
Intangibles -- (Intangibles / Total assets) * 100 -- ($1,976/$5070 * 100) -- 39%
Property and Equipment -- (Property and Equipment, Net/Total Assets) * 100 -- ($548/$5070 * 100) -- 11%
Who should do the actual appraising of employees in an organization? Give your reasons for the choice you would make.
Answer:
It is the manager who supervises and assigns tasks to the employees who should undertake the appraisal of her employees. The manager can achieve an objective appraisal system that motivates her employees if she can demonstrative high-level objectivity and fairness.
Explanation:
Performance appraisal is an important managerial tool which managers used to align individual employee's performance with the achievement of corporate objectives. It is often done annually and involves a series of processes that culminates with either praise for work well done or a reprimand or caution issued to ensure that the concerned employees rediscover their purpose for being at the workplace.
Suppose money invested in a hedge fund earns 1% per trading day. There are 250 trading days per year. What will be your annual return on $100 invested in the fund if the manager allows you to reinvest in the fund the 1% you earn each day
Knowledge Check 02 On February 28, the Jewelry store remits $975 of sales tax collected from its customers to the government. Prepare the February 28 journal entry for the Jewelry store by selecting the account names and dollar amounts from the drop-down menus.
Answer:
Please refer to the below
Explanation:
Journal entry as seen below
Feb 28 Sales tax payable Dr $975
Cash Cr $975
Since Jewelry store collected the sales tax from its customers, sales tax account will be debited because it reduces the balance in the account while cash account will be credited because the balance therein increases due to the sales tax collected.
Innovative Products reported net income of $224,000. Beginning and ending inventory balances were $46,000 and $47,500, respectively. Accounts Payable balances at the beginning and end of the year were $38,000 and $34,000, respectively. Assuming that all relevant information has been presented, the company would report net operating cash flows of:
Answer:
$218,500
Explanation:
net operating cash flows = net income + adjustments
the adjustments include: depreciation expense (which is added), any increase in accounts receivables, inventory or prepaid expenses is subtracted, any increase in accounts payable or current liabilities is added.
net operating cash flows = $224,000 - ($47,500 - $46,000) + ($34,000 - $38,000) = $224,000 - $1,500 - $4,000 = $218,500
Explain how you decided whether payments on foreign investment and government transfers counted on the positive or the negative side of the current account balance for the United Kingdom in 2001.
Answer:
The payments on foreign investment and the government transfers counted on the negative side of the current account balance for the United Kingdom in 2001.
Explanation:
A national records the nation's transactions with the rest of the world on exporting, importing, foreign incomes and current transfers, over a defined period of time. The country's current account balance can be positive as a surplus or negative as a deficit. Typically, the payments on foreign investments and the government transfers like foreign aids are rated as negative because they are monies transferred out of the country in a particular period of a time.
Item9 2 points Time Remaining 2 hours 55 minutes 49 seconds02:55:49 eBookItem 9Item 9 2 points Time Remaining 2 hours 55 minutes 49 seconds02:55:49 TB MC Qu. 6-143 Keyser Corporation, which has... Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 118 Units in beginning inventory 400 Units produced 2,100 Units sold 2,300 Units in ending inventory 200 Variable costs per unit: Direct materials $ 37 Direct labor $ 23 Variable manufacturing overhead $ 3 Variable selling and administrative expense $ 5 Fixed costs: Fixed manufacturing overhead $ 73,500 Fixed selling and administrative expense $ 29,900 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What is the net operating income for the month under variable costing?
Answer:
Results are below.
Explanation:
Giving the following information:
Selling price $118
Units sold 2,300
Variable costs per unit:
Direct materials $37
Direct labor $23
Variable manufacturing overhead $3
Variable selling and administrative expense $5
First, we need to determine the total unitary variable cost:
Unitary variable cost= 37 + 23 + 3 + 5=$68
Variable cost income statement:
Sales= 2,300*118= 271,400
Total variable cost= 68*2,300= (156,400)
Total contribution margin= 115,000
Fixed manufacturing overhead= (73,500)
Fixed selling and administrative expense= (29,900)
Net operating income= 11,600
Which of the following is an example of a disruptive innovation?
Answer: C. Use of smartphones with Internet access replacing use of landlines
Explanation:
A disruptive innovation is one that when initiated, has a significant effect on the way an industry works such that if participants do not adapt, they will probably find themselves at a disadvantage.
An example is how digital photography replaced the use of chemicals to print photographs and also how video streaming online replaced the need for video rentals from shops which led to the closure of shops like Blockbuster.
For this question, the use of smartphones which also have internet access instead of landlines is a disruptive innovation. Smartphones provide a very convenient means to communicate with others in more ways than a landline could especially with it's access to the internet. This saw most people moving away from the use of landlines in favor of smartphones.
The correct option to an example of disruptive innovation will be use of smartphones with internet access replacing the use of landlines. The correct option is C.
Disruptive innovation refers to a condition where the innovation of a product completely destroys the purpose of the existing technology in such a way that the usage of such product almost becomes extinct.
The landlines were an important innovation for humans as it enabled the wired routes to communicate with people on their unique line. It saved a lot of time and manpower.This invention itself was a disruptive invention as it replaced the letter and postcards for communication. However, with the invention of smartphones with internet access enabled wireless communication.The invention of a smartphone with internet access were not restricted just to calling but important features like texting, instant messaging, surfing, browsing and sending multimedia files as well.
Hence, the correct option is C that the use of smartphones with internet access replaced the use of landlines is an example of disruptive innovation.
To know more about disruptive innovation, refer to the link below.
https://brainly.com/question/25609554
6. Why is training important?
Answer:Training is important because it represents a good opportunity for employees to grow their knowledge base and improve their job skills to become more effective in the workplace. Despite the cost of training for employees, the return on investment is immense if it is consistent.
Explanation:
If a perfectly competitive firm and a monopolistic competitor in long-run equilibrium face the same demand and cost curves, then the competitive firm will produce a
Answer: a. the former will earn zero economic profits, but the latter will earn positive economic profits.
Explanation:
In the long-run, conditions are different for Monopolies and Perfectly competitive firms.
In the long -run, a Perfectly competitive firm would see no economic profits due to the low barriers to entry in the market which will see companies coming into the market and increasing competition to a point where no single firm can make an economic profit.
With a Monopoly though, they are the single supplier in the market and as such will make economic profits in the long run from charging consumers are a rate higher than their marginal cost. As they are the only or major ones in the market, the price will not be challenged leading to an economic profit.
If a perfectly competitive firm and a Monopoly had the same demand and cost curves, the Perfect competition firm would make less as their cost curves would be close or at the same level with the demand but the cost curves would be less than demand for the Monopoly leading to economic profits.