Answer:
The correct answer is option d.
Explanation:
The firms in a perfectly competitive market are price takers. The price taker firms do not determine their product prices. The price of a product is determined through the market forces by the equalisation of demand and supply.
The firms face a horizontal line demand curve at the level of market price.
There are large number of sellers selling identical products in the market, so if a firm increases its price, the buyers will go somewhere else where the price is lower.
Answer:
$853.57
Explanation:
Using financial calculator, we have the following inputs:
n = 360 (months) (30x12 = 360months. Because payment is made on monthly basis)
I/Y = 0.46% / month (5.5% /12)
PV = $150,000 (The amount we need to borrrow)
FV = 0 (the value of the mortgage is nil in 30 years)
PMT = ? (This is the missing value we need to find - The monthly payment for the mortgage)
--> PMT = $853.57
They have formed entrepreneurial teams with expertise in the many skills
<span>needed to start and manage a business.</span>
Answer:
The answer is $1,404,000
Explanation:
Total amount realized from the issuance: 40,000 shares x $24
= $960,000
Treasury stock repurchased:
6,000 shares x $26
=$156,000
Net income = $600,000
The total amount of stockholders' equity at December 31, 2018 is:
Net income + amount realized from issuance - amount of treasury stock
$600,000 + $960,000 - $156,000
$1,404,000