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2 years ago

What are the likely reason(s) that the market for dress shirts is not perfectly competitive? please select all that apply?

Business

2 answers:

tekilochka [14]2 years ago

4 0

Answer:

Dress shirts are not a standardized (homogeneous) product.

Explanation:

Standardized products are more homogeneous in their characteristics and therefore more easily found, and the price also tends to be more influenced by competition, tending to be lower than the differentiated ones in the same range. Moreover, these products end up attracting a large number of producers and establishes imperfect competition between them.

The market characteristic of imperfect competition is one that is characterized by the great possibility for sellers to influence demand and prices by means of product differentiation, advertising, lower added value, brand, etc.

An example of a standardized product that establishes an imperfectly competitive market is the dress shirt.

s2008m [1.1K]2 years ago

3 0

Brand competition. price. location.

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Moody Farms just paid a dividend of $2.65 on its stock. The growth rate in dividends is expected to be a constant 3.8 percent pe

NISA [10]

Answer:

$34.63.

Explanation:

The Gordon Dividend Discount Model will be used to calculate the current share price. This model helps us to determine how much should we pay for a stock and the analysis is based on dividends, growth rate, and our required rate of return. The model is as follows:

$Po = D1 / (1 + r )^1 + D2 / (1 + r )^2 + D3 / (1 + r )^3 + D4 / (1 + r )^4 + D5 / (1 + r )^5 + D6 / (1 + r )^6 + [(D7 / r - g) / (1 + r)^6]$

where

Po = Current market Price

D1 = Dividend Paid * (1 + g)

D2 = D1 (1 + g) ; D3 = D2 (1 + g) ; D4 = D3 (1 + g) ; D5 = D4 (1 + g)

D6 = D5 (1 + g) ; D7 = D6 (1 + g)

This implies that:

$Po = 2.7507 / (1.15)^1 + 2.8552 / (1.15)^2 + 2.9637 / (1.15)^3 + 3.0763 / (1.13)^4 + 3.1932 / (1.13)^5 + 3.3146 / (1.13)^6 + [(3.4405/.11 - .038) / (1.13)^6]$

⇒ Current Market Price = $34.63.

Note: Figures are rounded up-to 4 decimal points. A difference of up-to $2 would not affect your scores as far as the methodology is correct.

8 0

2 years ago

How much would it cost for Chester Corporation to repurchase all its outstanding shares if new brokerage fees totaled 1% of the

Vinvika [58]

Answer:

$78.0 million

Explanation:

Cost of repurchase = Number of shares*Share price/(1-1%)

Cost of repurchase = $3,352,720 * $23.02/(1-1%)

Cost of repurchase = $3,352,720 * $23.02/(1 - 0.01)

Cost of repurchase = $3,352,720 * $23.02/0.99

Cost of repurchase = $3,352,720 * $23.25

Cost of repurchase = $ 77,950,740

Cost of repurchase = $78.0 million

6 0

2 years ago

A seller uses a periodic inventory system, and on April 4, it sells $5,000 in merchandise on credit (when its cost is $2,400) to

RoseWind [281]

Answer:

Periodic Inventory System

Journal Entries

April 4 Debit Accounts receivable $5,000

Credit Sales revenue $5,000

To record the sale of goods on credit, terms of 3/10, n/30.

April 5 Debit Sales returns $500

Credit Accounts receivable (cash) $500

To record the return of goods for a cash refund.

Explanation:

a) Data and Analysis:

April 4 Accounts receivable $5,000 Sales revenue $5,000 credit terms of 3/10, n/30.

April 5 Sales returns $500 Accounts receivable (cash) $500

b) The seller uses a periodic inventory system. Therefore, the cost of goods sold will not be recorded on April 4 until April 30, when there will be a physical count of inventory to determine the closing inventory. With the beginning and ending inventories together with the purchases account, the cost of goods sold can then be calculated.

6 0

2 years ago

Juanita Cash, the operations planner for the First State Savings and Loan, is planning the next quarter's level of deposits. She

yulyashka [42]

Answer:

For each one percent increase in the interest rate, amount of deposit increases by 11.145%

Explanation:

To obtain the amount rate at which deposit increase per percentage increase in interest rate ;

We obtain the slope Coefficient of the regression equation between the amoub of deposit and interest rate paid.

From the result of the analysis given ;

The slope Coefficient of X, interest rate % is 11.145

Hence, For each one percent increase in the interest rate, amount of deposit increases by 11.145%

4 0

2 years ago

Which of the following demonstrates a leader's commitment to duty? A. Developing subordinates for the future. B. Stepping out of

koban [17]

Answer: All of the above

Explanation: A leader can be defined as an individual who has the ability to persuade others to work as a group for performing a particular task.

An individual can demonstrate leadership by taking strict action on others and responsibilities on himself.

The given options in the question demonstrates strict actions and responsibility taking ability. Hence, the right option is D.

8 0

2 years ago