Robert and Maxine Thomason are planning to purchase a new refrigerator-freezer for their new home. They have compared the quality, style, and price of four models. For the Thomasons, a refrigerator-freezer is a(n) _____ product.

A. specialty
B. generic
C. industrial
D. convenience
E. shopping

Answer:

Option "D" is the correct answer to the following statement.

is valid and enforceable

Explanation:

A valid contract is a formal or oral relation for the supply of goods or services among two parties.

An enforceable contract would be any civil contract that bears legal support behind it. It is a binding agreement that will enforce among two parties.  

In the following situation, such an agreement is valid with time and geographical information.

As the owner of a natural gas company, with the expected fall of gas prices in the future, it would be economically beneficial to extract and sell as much gas as possible at the current higher price. However, other factors such as production cost, environmental impacts, future technical advancements, and regulations should also be considered.

As the owner of a natural gas company, if the projection indicates that the price of natural gas is expected to fall in the future, it would be economically optimal to extract and sell as much of the natural gas as soon as possible at the current higher price. This is an application of the law of supply and demand. The supply is the amount of natural gas you have available to sell, and demand is driven by the market price.

However, your decision should also take into account other factors such as the costs associated with production and extraction, the environmental impact, potential technological advances that could affect the future value of natural gas, and any regulations that may affect your business.

https://brainly.com/question/32876527

#SPJ3

Answer:

Receivables turnover = 11.50 times

Days' sales in receivables = 31.74 days

Average collection period = 31.74 days

Explanation:

Receivables Turnover Ratio

Receivables turnover = Credit Sales / Receivables

                                    = $3,804,200 / $330,800

                                     = 11.50 times

Receivables turnover ratio measures how many times a company's receivables are converted to cash in a period. A high receivables turnover ratio can indicate that a company’s collection of accounts receivable is efficient and that the company has a high proportion of quality customers that pay their debts quickly.

Days' sales in Receivables/ Average Collection Period

Days' sales in receivables = 365 days / Receivables turnover

                                            = 365 / 11.50

                                            = 31.74 days

On average, credit customers took 31.74 days to pay off their accounts.

The days' sales in receivable ratio which is also known as the average collection period tells you the number of days it took on average to collect the company's accounts receivable during the past year.

Answer:

2500 is your answer

Explanation:

Final answer:

To determine in which case you will have more money at age 65, we need to calculate the future value of the investments at that age. The first investment made at age 32 with $1,500 at 9 percent interest would have a future value of approximately $44,081.60 at age 65. The second investment made at age 47 with $1,500 at 12 percent interest would have a future value of approximately $11,418.38 at age 65.

Explanation:

To determine in which case you will have more money at age 65, we need to calculate the future value of the investments at that age.

For the first investment made at age 32:

FV = $1,500 * (1 + 0.09)33

FV = $1,500 * (1.09)33

FV = $1,500 * 29.3877343

For the second investment made at age 47:

FV = $1,500 * (1 + 0.12)18

FV = $1,500 * (1.12)18

FV = $1,500 * 7.6122532

Comparing both cases, we can see that the first investment made at age 32 would have a higher future value at age 65 with approximately $44,081.60.

Therefore, the first investment would result in having more money at age 65.

Answer:

Castle State Bank's equity multiplier is 2.2

Explanation:

Total Assets = $2,200

Total Liabilities and Equity = $2200

Net Loans = $1,200

Total Equity = $2,200 - $1,200 = $1,000

Equity multiplier = Total Assets / Total Shareholders Equity

Equity multiplier = 2,200 / $1,000

Equity multiplier = 2.2

Total Assets is equal to Total equity and Liabilities. Total equity and Liabilities includes the balance of Both equity and liabilities. Total equity is calculated by subtracting Total Loans from Total equity and Liabilities.

The equity multiplier for Castle State Bank is calculated as total assets divided by equity capital ($2200 / $300), resulting in an equity multiplier of 7.33.

The equity multiplier is a financial leverage ratio that measures the amount of a company's assets that are financed by its shareholders by comparing total assets with total shareholder equity. To calculate the equity multiplier for Castle State Bank, you would divide the total assets by the equity capital.

In this case, Castle State Bank's total assets are $2200, and the equity capital is $300. So, the equity multiplier would be:

Equity Multiplier = Total Assets / Equity Capital
= $2200 / $300
= 7.33

Therefore, Castle State Bank has an equity multiplier of 7.33, which indicates that for every dollar of equity, there are 7.33 dollars in assets.

Answer:

$6,600

Explanation:

Given that,

Accounts Receivable = $3,000

Equipment = $7,500

Accounts Payable = $4,000

Prepaid Rent = $3,000

Supplies = $500

Bank Loan = $1,600

Taxes payable = $1,000

Therefore,

Total liabilities includes:

= Accounts Payable + Bank Loan + Taxes payable

= $4,000 + $1,600 + $1,000

= $6,600

Hence, the total liabilities of Pure Water is $6,600.

Answer:

The correct answer is letter "B": Moving production jobs to the country with the lowest labor cost.

Explanation:

In the corporate world, "race to the bottom" means seeking for reducing production costs by allocating labor expenses in regions where it is cheap. Typically, companies achieve that goal by outsourcing their operations in less-regulating countries with inexpensive labor costs such as India.

Answer:

The correct answer is letter "C": Purchase raw materials, components, or supplies from sellers in other countries.

Explanation:

The global economy has allowed companies to handle their operations with domestic and international resources. Most organizations purchase raw materials or the components necessary for their production process abroad to minimize costs and maximize profits. In some other cases, the manufacturing process is taken to other countries where the labor force is cheaper to reduce the company's expenditures even more.

Answer:

The correct answer is letter "C": Finance.

Explanation:

A company's Financial Department is in charge of controlling the inflows and outflows of cash within an association. Finance is responsible for approving budgets based on the information provided by the accounting department. Those two divisions are in charge of reporting the financial statements of the firm.

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The company produced 44,000 units

Sold 36,000 units for $140 per unit.

Manufacturing costs:

Direct materials per unit $ 60

Direct labor per unit $ 22

Variable overhead per unit $ 8

The fixed overhead for the year $ 528,000

Selling and administrative costs:

Variable selling and administrative cost per unit $ 11

Fixed selling and administrative cost per year $ 105,000

I will assume that the required answer is an income statement using absorption and variable costing:

Absorption costing:

It includes the fixed overhead in the manufactured costs:

Unitary cost= direct material + direct labor + unitary variable overhead + unitary fixed overhead

Unitary cost= 60 + 22 + 8 + (528,000/44,000)= $102

Income statement:

Sales= 36,000*140= 5,040,000

COGS= (36,000*102)= (3,672,000)

Gross profit= 1,368,000

Variable selling and administrative= (11*36,000)= (396,000)

Fixed selling and administrative= (105,000)

Net operating income= 867,000

Variable costing:

Under variable cost, fixed overhead is not included in manufacturing costs.

Unitary cost= direct material + direct labor + variable overhead

Unitay cost= 90

Income statement:

Sales= 5,040,000

Variable cost= (90*36,000)= (3,240,000)

Contribution margin= 1,800,000

Fixed overhead= (528,000)

Variable selling and administrative= (11*36,000)= (396,000)

Fixed selling and administrative= (105,000)

Net operating income= $771,000

Option D

The negative halo effect is a disadvantage of franchising for a franchisee

Explanation:

The halo effect is a kind of cognitive racism in which our overall hypothesis of a person impacts how we think and speculate about his or her personality. Thoughts of a particular characteristic can transfer over to how personas look at other features of that personality.

If a franchisee does not exist up to the excellence criteria of the franchisor this can have a contrary reputational impact not simply on the franchisee, but the wider credit of the franchisor as well. Thus, there is a peril in empowering others not undeviatingly related to the business to practice the business name and logo.

A disadvantage of franchising for a franchisee is D. The negative halo effect.

In franchising, a franchisee may be negatively impacted if global customers start to dislike the franchisor's products and services.

While the halo effect can also be positive, benefiting the franchisee, the halo effect hurts the franchisee when customers turn against the franchisor, in any way.

Thus, one disadvantage of franchising for a franchisee is D. The negative halo effect.

Learn more about franchising at https://brainly.com/question/12879015

Final answer:

To determine the interest portion of the third payment, subtract the interest paid for the first two payments and the fourth payment from the total interest paid.

Explanation:

To determine the interest portion of the third payment, we need to first calculate the total interest paid for the entire loan. We know that the first two payments are $200 each, the third and fourth payments are $400 each, and the final payment is $500. We can find the total loan amount by adding up these payments: $200 + $200 + $400 + $400 + $500 = $1700.

Next, we can find the total interest paid by subtracting the loan amount from the sum of the payments: Total interest = Loan amount - Total payments = $5000 - $1700 = $3300

The interest portion of the third payment can be found by subtracting the interest paid for the first two payments and the fourth payment from the total interest paid: Interest portion of the third payment = Total interest - (Interest paid for first two payments + Interest paid for fourth payment)

Answer:

Cash would be debited $5,000 on the left side of the T account. Unearned programming service revenue will be credited $5,000 on the right side of T account.

Explanation:

When cash is received, cash increases and is debited by $5,000 (note Cash is an asset account, when asset and expense accounts increase they are debited. When revenue, liability, and owner's equity increase they are credited).

The revenue for this service is not earned yet so we pass the other leg of the entry to Unearned Programming Revenue. It is a revenue account so when it increases we credit. So we credit $5,000 to this account.

When a business receives cash in advance for services, this is treated as a liability called 'Unearned Revenue'. The Cash account would be debited (increased) by $5,000 and the Unearned Revenue account would be credited (increased) by $5,000.

When Major Programming receives $5,000 in advance for providing programming services, this is considered as prepayment and thus, it is recorded as a liability on the balance sheet. In terms of T-accounts, it would be recorded as follows:

Therefore, the T-accounts would reflect an increase in both Cash and Unearned Revenue by $5,000 each, resulting from this transaction.

https://brainly.com/question/33068790

#SPJ3

Final answer:

The disadvantage of a mandatory arbitration clause in an employment contract is that it can limit employees' access to the courts for discrimination cases, potentially resulting in unfair outcomes and limited legal precedent in equal employment matters.

Explanation:

The primary disadvantage of a mandatory arbitration clause in an employment contract, particularly concerning Title VII of the Civil Rights Act of 1964, is that it can prevent employees from having access to the courts for discrimination cases. Mandatory arbitration requires that disputes be resolved outside the judicial court system, which often means that an unbiased jury will not hear the case, and limits the possibility for broader legal precedents to be set in the pursuit of equal employment opportunities. Moreover, mandatory arbitration may impose limitations on the collection of evidence and may involve arbitrators who are less familiar with employment law than judges, resulting in potential disadvantages for employees seeking to assert their Title VII rights.

Final answer:

A mandatory arbitration clause can prevent employees from using the court system for cases under Title VII, potentially limiting their ability to seek specific legal remedies.

Explanation:

One disadvantage of a mandatory arbitration clause in an employment contract is that the employees may find the courts are essentially closed to them for cases under Title VII of the Civil Rights Act of 1964. Mandatory arbitration can prevent employees from pursuing litigation in the traditional court system, which may otherwise lead to broader legal remedies and possible jury trials. While employers tend to prefer arbitration to avoid costly and public court cases, employees may be at a disadvantage since arbitration can limit their ability to obtain victim-specific relief, which the Equal Employment Opportunity Commission (EEOC) may otherwise pursue on their behalf in court.

Answer:

The statement is: True.

Explanation:

Multisource rating or 360-degree feedback is a collaborative approach that firms implement to engage the maximum number of employees possible in evaluating the firm and giving an insight into workers' performance. One disadvantage of this drill is the fact that employees with low performances could see their results altered after the multisource rating because their coworkers rated higher the actual performance of those individuals not to affect them.

"Without engaging in international trade, Freedonia and Lamponia would have been able to consume at the after-trade consumption bundles" is FALSE.

Option: B

Explanation:

Specialization refers to countries' propensity to focus in certain items they exchange for other commodities, rather than to manufacture all the consumer goods on their own. As the PPF production possibilities frontier displays that production is impractical, Freedonia and Lamponia had to engage in international trade.

Both countries are able to consume the goods they produce.When a country is skilled in manufacturing a good, it can manufacture this good at a lower cost of opportunity than its trading nation. For this comparative advantage, both countries benefit from competing and trading with one another.

Answer:

A tax rate of 10.71% should make both both indifferent for investors.

Explanation:

the municipal bonds are income-tax free so we should solve for the tax rate which makes both bonds equaly attractive.

0.075 = after-tax rate

0.084 = pre-tax rate

[tex]pre-tax (1- t) = after-tax\\0.084 (1-t) = 0.075\\1 - t = 0.075 \div 0.084\\t = 1 - 0.075 \div 0.084\\t = 0.10714285[/tex]

A tax rate of 10.71% should make both both indifferent for investors.

To find the break-even corporate tax rate that makes the corporation indifferent between investing in municipal bonds at a 7.5% return and preferred stock at an 8.40% return (before-tax), we need to compare the after-tax returns on these two investments.

1. **Return from Municipal Bonds (after-tax)**:

  - Municipal bond interest is typically exempt from federal income tax. Therefore, there is no federal tax on the interest earned from municipal bonds.

  - However, some municipal bonds may be subject to state and local taxes, so we'll assume a combined state and local tax rate of "t" on the interest income.

  - So, the after-tax return from municipal bonds is 7.5% * (1 - t).

2. **Return from Preferred Stock (after-tax)**:

  - The return from preferred stock is 8.40% before-tax.

  - Corporations are allowed to deduct 70% of dividends received from preferred stock as a dividend received deduction (DRD) for federal tax purposes.

Therefore, only 30% of the preferred stock dividends are subject to federal income tax.

  - So, the after-tax return from preferred stock is 8.40% * (1 - 0.30).

The corporation is indifferent between the two investments when the after-tax returns are equal:

7.5% * (1 - t) = 8.40% * (1 - 0.30)

Now, solve for "t":

7.5% * (1 - t) = 8.40% * 0.70

7.5% * (1 - t) = 5.88%

(1 - t) = 5.88% / 7.5%

(1 - t) = 0.784

t = 1 - 0.784

t = 0.216

So, the break-even corporate tax rate that makes the corporation indifferent between the two investments is approximately 21.6%.

If the corporate tax rate is less than 21.6%, the corporation would prefer to invest in municipal bonds, and if the tax rate is higher than 21.6%, it would prefer preferred stock.

For similar questions on municipal bonds at a 7.5%

https://brainly.com/question/16679989

#SPJ3

Answer:

Explanation:

Calculate maximum that should pay:

Compute present value of cash flows from the store, year 1 to 5 :

Annual cash flows are $70,000

Desired rate of return on investment for 1 to 5 years is 7%

Number of years is 5

Present value of cash flows generated during 1 to 5 years =

= $287,013.82

Compute present value of cash flows from the store for years 6 to 10

Annual cash flows are $70,000

Desired rate of return on investment for 6 to 10 years is 10%

Desired rate of return on investment for 1 to 5 years is 7%

Number of years is 5

Present value of cash flows generated during 6 to 10 years = annual cash flows x PVIFA (10%,5) x PVIF (7%,5)

= $70,000 x 3.79079 x 0.7130 = $189,198.33

Compute present value of cash flows from the store for years 11 o 20

Annual cash flows are $70,000

Desired rate of return on investment for 11 to 20 years is 12%

Desired rate of return on investment for 6 to 10 years is 10%

Desired rate of return on investment for 1 to 5 years is 7%

Number of years is 10

Present value of cash flows generated during 11 to 20 years = [annual cash flows x PVIFA (12%,10)] x PVIF (10%,5) x PVIF (7%,5)

= $70,000 x 5.65022 x 0.62092 x 0.7130  = $175,100.98

Calculate present value of estimated sale amount to be received for sale of store

Present value of estimted sale amount to be received = [Estimated sale amount x PVIF (12%,10)] x PVIF (10%,5) x PVIF (7%,5)

=$400,000 x 0.32197 x 0.62092 x 0.7130=

=$57,016.50

Calculate total maximum amount that should be paid

Particulars Amount ($)

Present value of cash flows during 1 to 5 years         $287,013.82

Present value of cash flows during 6 to 10 years $189,198.33

Present value of cash flows during 11 to 20 years $175,100.98

Present value of estimated sale value                  $57,016.50

Maximum amount that C should pay to JD for store $708,329.63

Therefore, Maximum amount that should be paid $708,329.63

Answer:

6.5017%

Explanation:

Given that,

Total cost of a college education when your child enters college in 16 years, Future value = $200,000

Amount today to invest, present value = $73,000

Time period = 16 years

Therefore,

Annual rate of interest:

[tex]FV=PV(1+r)^{t}[/tex]

[tex]200,000=73,000(1+r)^{16}[/tex]

[tex]r =(\frac{200,000}{73,000})^{\frac{1}{16}}-1[/tex]

r = 6.5017%

Therefore, the annual rate of interest you must earn on your investment to cover the cost of your child’s college education is 6.5017%.

Answer:

The answer is less cookies are demand.

Explanation:

The law of demand states that the higher the price of a good and service, the lower the quantity demanded for that goods or services.

The law above applies to normal goods, the goods that their own price elasticity of demand are elastic(greater than 1.0), also substitution effect.

Cookies is a normal good and that was why less of it were demanded and less of milk too will be demanded because they are complementary goods. Complementary goods are consumed together as a pair.

Answer:

a.  -$776 loss

b. $1,804 gain

c. $1,752 gain

d. No loss no gain

Explanation:

The computation of the gain or loss in each case is shown below:

a.First case

Sale value of shares = 100 shares × $60.68

                                  = $6,068

Purchase value of shares = 100 shares × $68.44

                                           = $6,844

So, the loss would be

= $6,068 - $6,844

= -$776 loss

b. Second case

Purchase value of shares = 100 shares × $60.68

                                            = $6,068

Sale value of shares = 100 shares × $78.72

                                           = $7,872

So, the gain would be

= $7,872 - $6,068

= $1,804 gain

c. Third case

Sale value of shares = 100 shares × $60.68

                                  = $6,068

Purchase value of shares = 100 shares × $43.16

                                           = $4,316

So, the gain would be

= $6,068 - $4,316

= $1,752 gain

d. Fourth case

Sale value of shares = 100 shares × $60.68

                                  = $6,068

Purchase value of shares = 100 shares × $60.68

                                           = $6,068

So, there is no loss no gain

Answer:

b. restrict their business to credit union members.

Explanation:

Credit Union are non profit making organisations hat primarily cater for the needs of their members. They are not commercially owned but customer owned and most organisations from churches to schools and even communities have credit unions. Credit Unions basically make services such as savings, loans among other financial options available to their members.

Commercial Banks on the other hand are primarily commercial profit making institutions and they offer banking services from loans and savings among others to a large rang of customers not restricted to members of a particular group. The goal of Commercial banks is customer service.

As such the main difference between the two types of organisations is that Credit unions restrict their business to their members while banks do not.

Answer:

C. A fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security

Explanation:

A fixed income security is a type of investment that provides returns  in  form of  regular, or fixed, interest payments and repayments of the principals when the security reaches maturity.  

From the explanation above, the best possible answer is C. A fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security    

Fixed-income security is an investment providing fixed periodic payments and is widely used in retirement planning. However, due to the effects of inflation, having a diversified portfolio, including pensions, stocks, bonds, annuities, and properties, is recommended.

A fixed-income security refers to an investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. Examples include bonds and preference shares, which typically pay a fixed stream of income or a stream of income determined according to a specified formula for the life of the security.

Fixed-income securities are commonly used by retirees as they provide a steady income stream. However, it's worth noting that living on a fixed income can be challenging due to inflation which can erode purchasing power over time. Therefore, it's crucial for individuals to plan strategically for their retirement and consider different private market options, assessing their risk and return potential.

Among the options are pensions which are traditionally set as a fixed nominal dollar amount per year at retirement. While they provide security, they do not adjust for inflation and could result in loss of buying power over time. Other options include savings accounts, stocks, bonds, annuities and property investments, where each carries its unique risk and return characteristics.

https://brainly.com/question/33408504

#SPJ12

Answer:

US $135,000

Explanation:

In accrual accounting, amount collected in advance are recognized as a liability until the revenue is earned.

Entries are posted as a debit to cash account and the corresponding credit to the deferred revenue account upon collection of cash.

Given that the entity had cash receipts from sales of US $175,000 during Year 2 but had a deferred revenue of US $40,000 as at the end of year 1, this means that the US $40,000 was part of the US $175,000 settled by the customer in year 2

Therefore, the company’s sales revenue for Year 2 would be

= US $175,000 - US $40,000

= US $135,000

Answer:

Debit interest receivable account by $600.

Explanation:

According to accrual method of accounting, the interest of $600 as at December 31 has already been earned even if it had not been received. We must record it for the period it was earned.

The entry is passed into Interest Receivable account as a debit. Interest Receivable account is a current asset account. When asset accounts increase you debit, and when the reduce you credit.

So in this case the balance in Interest Receivable increases and we debit $600.

Bubbles Office Supply had earned a $600 interest on investments that is not yet received or recorded. The correct adjusting entry is to debit the Interest Receivable account (increase it) by $600 and credit the Interest Income account (increase it) by $600.

Here, Bubbles Office Supply has earned $600 of interest that has not yet been received or recorded. This indicates that the company earned this amount in the current year itself, but it is actually going to receive it in the next year. To fix this in books of accounts, we need to create an adjusting entry. The required adjustment entry here would be to debit the Interest Receivable account and credit the Interest Income account. So, the journal entry will be as follows: Debit Interest Receivable $600 and Credit Interest Income $600.

https://brainly.com/question/33175618

#SPJ3

Answer:

The correct word for the blank space is: display it.

Explanation:

There are two levels of acting at work: deep level and surface level. Deep level implies recreating an emotion experienced so the acting can be displayed naturally. On the other hand, surface-level acting refers to faking the emotion to be displayed which could represent a psychological challenge for the worker.

Final answer:

Deep level acting is less psychologically costly as it involves truly experiencing the emotion, which leads to a more genuine portrayal of the character, fostering a closer bond with the audience through an emotionally authentic performance.

Explanation:

Deep level acting is less psychologically costly than surface level acting because in deep level acting, we are actually trying to experience the emotion, so we embody them truthfully through the character. When actors practice deep level acting, they tap into their own emotional reservoirs to authentically inhabit their roles, allowing them to live through the emotions rather than simply simulating them on the surface. This approach can lead to a more genuine connection between the actor and the character, which is essential for immersive and believable performances. Trust and safety in the acting environment, as well as a strong focus on the character's objectives, are necessary elements for an actor to comfortably engage in deep level acting. Furthermore, by connecting with their own vulnerabilities and authentically portraying those of the character, actors forge a strong bond with the audience, facilitating empathy and a shared emotional experience. Through deep level acting, actors can achieve a sense of freedom and authenticity in their performance, making it less psychologically expensive and more fulfilling artistically.

Answer: (B) Workers’ OCBs influence managers’ judgments of their job performance

Explanation:

OCBs organization citizenship behaviours, means individual actions taken by employees which is not within the purview of their job. It is a form of extra commitment an employee shows to an organization although outside the job duties of such individual. Managers can help employees to work optimally and not overwork to avoid burnout.

Final answer:

Workers' Organizational Citizenship Behaviors (OCBs) indeed influence managers' judgments of job performance by contributing positively to the workplace and overall organizational effectiveness.

Explanation:

The statement regarding Organizational Citizenship Behaviors (OCBs) that is TRUE is (B) Workers’ OCBs influence managers’ judgments of their job performance. OCBs refer to the voluntary behaviors employees perform to help others and benefit the organization beyond their job descriptions. These actions can include helping new coworkers understand the company culture, volunteering for additional activities, or facilitating smooth operations within the team.

Research has shown that these behaviors positively influence managers’ perceptions of job performance because they contribute to a better working environment and overall organizational effectiveness.

Answer:

Explanation:

Discount bonds are issued on discounted price of their face value

Here discount = 11100000-9720000

= 1380000

on 1/07/2016

cash outflow or book value of bond

= 9720000

on 30/06/2017

interest paid = 999000

yield expected = 972000 ( 10% of issue price )

interest amortized

= 999000-972000 = 27000

book value = 9720000 + 27000

= 9747000

on 30/06/2018

interest paid = 999000

yield expected = 974700 ( 10% of book value )

interest amortized

= 999000-974700 = 24300

value amortized = 24300 + 27000 = 51300

book value = 9747000 + 24300

= 9771300

Amount unamortized

1380000 - ( 51300 )

= 1328700

Answer:

(a) Labor productivity is 0.0096 rugs/dollar

(b) Multifactor productivity is 0.244 rugs/dollar

Explanation:

(a) Labor productivity = total output/total labor input = 85 rugs/($17×520) = 0.0096 rugs/dollar

(b) Solvent productivity = 85 rugs/($5×100) = 0.17 rugs/dollar

Machine rental productivity = 85 rugs/($60×22) = 0.0644 rugs/dollar

Multifactor productivity = 0.0096+0.17+0.0644 = 0.244 rugs/dollar

Answer:

16.28

72%

Explanation:

Herfindahl index = the Herfindahl index is found by squaring the each firms market share and adding them together.

= 676 + 400 +225 +121 +81 + 64 + 36 + 25 = 1628% = 16.28

The four firm concentration is found by adding the marker share of the top 4 firms in the industry = 26% + 20% + 15% + 11% = 72%

I hope my answer helps you

Final answer:

The Herfindahl-Hirschman Index (HHI) for the industry in question is 1628, and the four-firm concentration ratio is 72%.

Explanation:

The Herfindahl-Hirschman Index (HHI) for an industry is calculated by squaring the market share of each firm (as a whole number), then summing these squared numbers. The market shares of the firms are A: 26%, B: 20%, C: 15%, D: 11%, E: 9%, F: 8%, G: 6%, and H: 5%. The calculation is as follows:

(26)^2 + (20)^2 + (15)^2 + (11)^2 + (9)^2 + (8)^2 + (6)^2 + (5)^2

= 676 + 400 + 225 + 121 + 81 + 64 + 36 + 25

= 1628

Thus, the HHI for this industry is 1628.

As for the four-firm concentration ratio, it sums the market shares of the four largest firms. For firms A, B, C, and D, the calculation is:

26% + 20% + 15% + 11% = 72%

So, the four-firm concentration ratio for this industry is 72%.