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2 years ago

A monopolistically competitive firm that earns an accounting profit in the short run?

1 answer:

6 0

A monopolistically competitive company that experiences short-term accounting profit may experience short-term economic gain, break-even point, or economic loss.

<h3>What kind of competition is monopolistic?</h3>

A form of imperfect competition known as monopolistic competition pits several producers against one another while still offering goods that are unique from one another and hence are not exact substitutes.

Beauty items are an example of monopolistic competition since there are many companies selling them, and each company sells things that are similar but not identical. These companies cannot compete on price because they may demand higher rates for the uniqueness of their products.

Therefore the correct answer is C) could earn an economic profit, break even or suffer an economic loss in the short run.

The complete question is:

A monopolistically competitive firm that earns an accounting profit in the short run?

A) must also earn an economic profit in the short run.

B) does not earn enough to earn an economic profit in the short run.

C) could earn an economic profit, break even or suffer an economic loss in the short run.

D) could earn an economic profit or break even, but could not suffer an economic loss in the short run.

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Which of the following does not represent an asset of a company?

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Answer:

4. Amounts owed to suppliers

Explanation:

We know that

Balance sheet comprises of assets, liabilities and the stockholder equity

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So, the most appropriate option is 4.

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3 years ago

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Answer:

The answer to this question can be defined as follows:

Explanation:

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3 years ago

Statement of Cash Flows—Indirect Method

SCORPION-xisa [38]

Answer and Explanation:

The preparation of the cash flow statement using the indirect method is as follows;

Cash flows from operating activities

Net Income $30,500.00

Add: Depreciation $42,400.00

Less: Decrease in income taxes payable ($2,500.00)

Less: Increase in AR ($6,100.00)

Add: Decrease in inventory $12,900.00

Less: Increase in prepaid rent ($3,600.00)

Add: Increase in AP $2,500.00

Add: Increase in short term notes payable $12,100.00

Net Cash flow from operating activities $88,200.00

Cash flow from Investing activities

Purchase of PPE ($121,200.00)

Net Cash flow from Investing activities ($121,200.00)

Cash flow from Financing activities

Redemption of Bonds ($30,000.00)

Issue of Stock $60,600.00

Net Cash flow from Financing activities $30,600.00

Increase or decrease in cash -$2,400

Add: Opening cash and cash equivalents $12,100.00

Closing cash and cash equivalents $9,700.00

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3 years ago

For teenage employees, what is the best explanation for why their first job is rarely, if ever, their dream job?

Lemur [1.5K]

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3 years ago

Daniel is resigning from his position as a marketing specialist and would like a permanent record of her official resignation. W

Damm [24]

Answer:

a. Letter

Explanation:

A letter is written communication from one party to another. Letters are written on a designated paper, put in an envelope and send either by post or hand-delivered.

A letter can be formal or informal. Daniel should write a formal letter to his boss informing him of his resignation. Should Daniel write a letter, It will an official document in the company. The company will be file the document appropriately and will stay intact for many years.

Daniel can also keep a copy of the letter for himself. A letter has an advantage over the other electronic options. Electronic records can be deleted permanently or get lost should the systems collapse.

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3 years ago