Answer:
The correct answer is option C and D.
Explanation:
A perfectly competitive firm has a large number of buyers and sellers. These sellers produce homogenous products. There is no restriction on entry and exit in the market. The firms are price takers.
The market for electricity is not a competitive market because there are few sellers in the market and there is difficulty in entry and exit because of the high cost involved.
Answer:
$8,600
Explanation:
The net income year 1 was $21,200
The dividend paid in year 1 was $12,600
Therefore the retained earnings at the end of year 1 can be calculated as follows
= beginning retained earnings + net income - Dividend
= $0 + $21,200-$12,600
= $21,200 - $12,600
= $8,600
Hence the retained earnings at the end of year 1 is $8,600
Answer:
True
Explanation:
Considering the date provided in the question, Production costs - cost of goods sold = Ending Inventory.
So $ 1900 (production costs) - $ 1000 (cost of goods sold) = $ 900. Ending Inventory.
This would involve adjustments for changes in work in process balances if the information was provided.
The selling expenses are not part of manufacturing costs are thus not considered in the answer
Answer:
Reduce volatile air emissions 15 percent by 2015 from 2010 base year, indexed to net sales. (3M) Cut corporate overhead costs by $30 million per year. (Fortune Brands)
Explanation:
The financial strategic objective refers to an objective in which the organization wants to mentioned about the change in the items of a financial statements like increase in growth in sales, increase in net earnings, etc
According to the given options, the last option is correct as in this no improvement is to be shown in terms of growth
Therefore the last option is correct
Answer:
c. aggregate-demand curve slopes downward
Explanation:
The aggregate demand curve is graphed on the vertical axis of price level and horizontal axis of aggregate quantity of goods and services in the economy.
The sequence explain how:
- a rise in price level (moving up along vertical axis) leads to
- a decrease in quantity of goods and services demanded (moving left along horizontal axis)
which would translated to a downward sloping aggregate-demand curve
