The correct option is, executory.
- Laborers working on a building are promised by their contractors that their wages would be paid at the end of every month. The laborers also in return promise to work from the beginning of the subsequent month. When the laborers have worked for the entire duration of the month and are awaiting their wages at the end of the month, the contract is executory.
<h3>What is the meaning of executory?</h3>
- Something that hasn't been fully executed yet and is consequently still deemed insufficient or uncertain until it is, for example, a contract.
- Anything that is executory has either begun and is not yet finished or is in the process of finishing in order to be fully effective later.
<h3>What is an example of an executory contract?</h3>
- An apartment lease is an illustration of an executory contract.
- Until the end date specified in the lease, both the lessee and the lessor are obligated to make payments and maintain the property.
<h3>What do you mean by executory and non executory contract?</h3>
- For instance, the majority of leases and contracts for the sale of commodities in which the buyer has not made payment and the vendor has not delivered the products are executory contracts.
- If the products have been delivered but the buyer has not made payment, the contract is not in force.
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Answer:
C. average total cost.
C. zero economic profits.
If demand shifts to the left (decreases), the last firm that entered "earns negative economic profits and so exits the market".
Explanation:
When many firms produces same product with different cost structures, their average total cost of unit cost is used to determining which firms enter the market first because by definition, average total cost or unit cost is equal to total cost divided by the number of units of a goods manufactured by the producer. It is also equal to the sum of average variable costs and average fixed costs. It may be time dependent. So, the lesser the cost of production per unit quantity, the higher the volume produced and the fasters the product enters market.
The last firm to enter earns "zero economic profits" because obviously, the market must have been fully saturated with the products and as at the time the products enters, the satisfaction might have been dropping and people may not buy as before. Other reason for zero economic profits is that such firm products will surely have higher unit cost which will eventually translate to higher price of the products and no one will leave cheaper products of same quality and satisfaction for the one higher price.
If demand shifts to the left (decreases), the last firm that entered "earns negative economic profits and so exits the market" - there are many reasons for a decreasing demands ranging from diminishing satisfaction derived from the products, and so on, the last firm will definitely suffered negative economic profits because the capital involved in cost of production will not even be recovered not to even talk of the profits from the business and this in turn weaken the manufactured from producing more of the products since the goal is not achieved and the products exit market.
Answer:
1. An Australian company buys steel from a US Firm
Account: Current Account
Direction of Flow: Payment to foreigners
2. The federal reserve buys $252 billion worth euros
Account: Financial Account
Direction of Flow: Payment to foreigner
3. Profit earned by a US based mining company operating in Mexico
Account: Current account
Direction of Flow: Payment from foreigners
4. An English company buy a US confectionary manufacturer
Account: Financial Account
Direction of Flow: Payment from Foreigners
Answer:
B: Her competitors enjoy good brand loyalty
Explanation:
Plato
Answer:
The depreciation expense would amount to $15,500
Explanation:
Under the double declining method, the formula is as:
Annual depreciation expense = Net Book Value × 2 / Number of years
where
Net book value amounts to $77,500
Number of years is 10 years
Putting the value above:
Annual depreciation expense = $ 77,500 × 2 / 10
= $77,500 × 0.2
= $15,500
NOTE: Under the method of double declining, the residual or the salvage value is not considered or ignored.
When using the double-declining method, residual value is ignored.