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mash [69]
3 years ago
8

Assume that the market for soybeans is purely competitive. currently, firms growing soybeans are experiencing economic profits.

in the long run, we can expect:
Business
1 answer:
aleksley [76]3 years ago
4 0

In the long run, we can expect: new firms to enter, and the industry’s supply to increase.

The supply would increase as new firms will try and enter the same business and they will be producing soybeans too. We have to assume that these firms have recently found out that growing soybeans will mean an increase in economic profits.

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Before year-end adjusting entries, Dunn Company's account balances at December 31, 2020, for accounts receivable and the related
navik [9.2K]

Answer:

Option (B) is correct.

Explanation:

Given that,

Accounts receivables = $1,500,000

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The collection of accounts receivables after the adjustment for bad debt expense is determined by deducting the expected uncollectibles from the total amount of accounts receivables.

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7 0
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.answer:

the correct answer is (c)

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8 0
2 years ago
Brandon grew up working on a farm but went to school to become an accountant. He decides to put all of his knowledge to work.
Angelina_Jolie [31]

Answer:B. Running his own small farm.

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8 0
3 years ago
Consider the assembly line of a laptop computer. The line consists of 11 stations and operates at a cycle time of 1.50 minutes/u
allsm [11]

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Explanation:

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Information turnaround time will therefore be:

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must understand

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