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musickatia [10]
3 years ago
14

In perfect competition, firms will be able to earn economic profits in: Select an answer and submit. For keyboard navigation, us

e the up/down arrow keys to select an answer. a the short run, only. b the long run, only. c the short and in the long runs. d neither the short or in the long runs.
Business
1 answer:
yawa3891 [41]3 years ago
6 0

In perfect competition, firms will be able to earn economic profits in the short run.

<h3>What is perfect competition?</h3>

A perfect competition is characterized by many buyers and sellers of homogenous goods and services.

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.

To learn more about perfect competition, please check: brainly.com/question/17110476s

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WILL GIVE BRAINIEST 3 SENTENCES OR MORE
lubasha [3.4K]
1. Yes, I have volunteered and I currently do volunteer. I volunteer every Saturday at an NGO school for underprivileged children, helping them learn new vocabulary and how to read.

2. My duties are to bring in understandable and relatable books for the children, and teach them new words and pronunciations every time I come to volunteer. I have decided to volunteer to help these underprivileged children and help pull them out of poverty. This will help them become bright adults in the future, and eventually help our country's economy, as well.

3. People volunteer people volunteer because they feel the need to give back to their communities. This is because they might've grown up in this community and want to help others growing up there as well. And from experience as a young person growing up in this world, it helps us least New skills such as being leaders, compassionate and servant-hearted. It also helps us have some real world experiences such as vastly different communities and even weather.
A benefit for volunteering is it can help one get into a good University. Volunteer hours is what many Universities look for.

Hope I helped!



8 0
3 years ago
While almost everyone purchases toothpaste, not everyone buys the same toothpaste. Even a single brand can have several variants
brilliants [131]

Answer:

Differentiated marketing.

Explanation:

Differentiated marketing also known as multi segment marketing is a form of marketing used by businesses to appeal to two or more market segments.

In differentiated marketing, specific products manufactured by the company and unique marketing methods is assigned to each separate market segment.

Differentiated marketing helps to create a stronger brand loyalty among the customers, it also helps the business in creating a strong leadership status in the market.

5 0
3 years ago
Read 2 more answers
The accounts listed below appeared in the December 31 trial balance of the Savard Theater.
ioda

Answer:

Adjusting journal entries

a) 1 . Debit Depreciation $10500 Credit Accumulated depreciation $10500.

2 . Debit interest expense  $40 , Credit Bank $40

3 . Debit Admission revenue $ 60000, Credit Unearned admission revenue $60000

4. Debit Prepaid expense $1100 , Credit Advertising expense $1100

5. Debit salary $4700, Credit Salary payable ( accrued salary) $4700

Explanation:

Depreciation = (cost - salvage value)/ useful life

it is said that the equipment has a useful life of 16 years at that date (31 Dec) and depreciation needs to be adjusted for the year. Even even that $192000 is Carrying amount it is not depreciable amount we still need to subtract the salvage value hence (192000- 24000)/16 = $10500 Depreciation

interest expense = 90000*8%*72/360 = $1440

The 72 days numerator is arrived at by adding the remaining 11 days in Oct plus full 30 days Nov plus full 31 days Dec. $1400 of interest has already been recorded so in adjusting to the total of $1440 we need to record $40 of interest.

december coupon = 2000*$30 =$60000

if the coupon admission book revenue for december is not included in the trial balance then its journal entry is debit bank $60000 credit unearned revenue $60000

3 0
3 years ago
The process specifications are 12.45 and 13.45 minutes. Based on the data given, does it appear that specifications are being me
natima [27]

Answer:

a. Yes

Based on the data given, it appears that specifications are being met.

Explanation:

a) Data and Calculations:

         Sample 1    Sample 2    Sample 3    Sample 4  Sample 5        Average

                 12.5         13.4              13.0            13.2         12.9        65       13.00

                 12.7         13.2              13.6            12.7         13.5        65.7     13.14

                 12.9         13.0              13.3            13.3         13.2        65.7     13.14

                 13.2         13.1               13.4            12.7         13.2        65.6     13.12

Totals       51.4       52.7              53.2            51.9        52.7      261.9     52.4

Average 12.85      13.17               13.3            12.97      13.17                     13.1

b) Using the law of averages, the process specifications of 12.45 and 13.35 minutes were not exceeded under any sample type.  Therefore, it can be concluded that the process specifications are being met.

6 0
3 years ago
Kilroy Corporation provides services to a customer for $1,000. The customer complained that there was a slight defect in the ser
nordsb [41]

Answer:

debit to Sales allowance of $50

Explanation:

When some defect in a product is revealed or notified by the buyer, the seller usually grants the customer an allowance which is termed as sales allowance.

It is usually allowed when the customer agrees to keep the product instead of returning the defective product which would constitute sales returns.

Following journal entry is recorded for recording sales allowance

Sales Allowance A/C                                     Dr. $ 50

    To Accounts Receivable                                          $50

(Being allowance for defects recorded)

Sales allowance is deducted from gross sales before the customer makes payment.

8 0
3 years ago
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