Answer:
The correct answer would be C) operating at efficient scale.
Explanation:
When the firms have same cost curve in the market , where there is free entry and exit, then the firms in the market must be earning zero economic profit which is when price of good is equal to total average cost of production .
For example if firms in market are profitable, then new firms would want to enter the market and when they do there will be increase in quantity of goods , so the prices and profit would go down . And if the situation was opposite , when firms are not profitable in market , then many firms will exit the market , which will lead to decrease in quantity of goods and increase in prices and profits.
So in the long run equilibrium , all firms would be operating at the efficient scale.
Answer:
The definition for the problem is listed in the segment below on explanations.
Explanation:
The seven elements that will have to go along with the partnership agreement or resolution are given below:
- Name, place, as well as nature.
- Title, capital commitment, and responsibilities.
- New partner practices.
- Benefit and loss account.
- Asset withdrawal.
- Partnership liquidation.
So that the above is the right answer.
Answer:
Explanation:
1. Service revenue (December 31, 2013) income statement = $582,735 + $64,000 = $646735
Company also performed $64,000 of services which were neither billed nor paid,adjusting entry:
Dr Accounts receivable 64000
Cr Service revenue 64000
2. Amount reported on the December 31, 2013 balance sheet as unearned revenue = $108,000
unearned revenue - revenue which has not been earned yet, but recorded in accounts
3. Amount reported on the December 31, 2013 balance sheet as accounts receivable = $64,000
Accounts receivable 64000
To service revenue 64000
Answer:
equity
Explanation:
In marketing, brand equity refers to the value that consumers assign to a specific brand. Brand equity is not something that a company can determine, it depends on the consumers' expectations, perceptions and past experiences with the brand.
Brands that have a positive brand equity, like Mercedes Benz or BMW, can actually charge a higher price for their products because consumers will accept the higher price and associate it with the brand.
<span>The importance of management is based upon the </span>economical and effective strategic planning & regulation of operations of an enterprise to fulfill the given purposes.
To learn more of the importance of management, see attached file.