All categories

3 years ago

If many firms enter the computer software industry and consequently bid up the price of programmers, then:

Business

1 answer:

Lena [83]3 years ago

4 0

Answer:

the correct option is C) If many firms enter the computer software industry and consequently bid up the price of programmers, then: the long-run industry supply curve will slope downward.

Explanation:

When many firm enter an industry, there is competition and the presence of multiple players will eventually cause the cost of production to decline.

In the short run, if many firms enter the computer software industry and consequently bid up the price of programmers, then the increase in participation will increase the number of software developed.

In the long run, industry supply curve will slop downwards indicating a price reduction.

You might be interested in

Tonto Company purchased property for $125,000. The property included a building, equipment and land. The building was appraised

velikii [3]

Answer:

The cost allocated to the building is $ 62,068.97

Explanation:

The total appraised cost for the components of the property purchased=$72,000+$50,000+$23,000=$ 145,000.00

The cost allocated to the building in the accounting records is the cost of the property multiplied by the building appraised value of $72,000 while dividing by the total of the appraised value of $145,000

cost allocated to building=$125,000*$72,000/$145,000=$ 62,068.97

3 0

3 years ago

Harris Company uses the allowance method of handling its credit losses. It estimates credit losses at one percent of credit sale

likoan [24]

Answer:

Dec.31 Bad Debts Expense 27000

December 31 Balance Sheet Accounts Receivable 392400

Explanation:

Harris Company

Credit Sales for the current year $2700,000

Credit Losses = 1% of $ 2700,000= $ 27000

Add Allowance for Doubtful Accounts $ 30600 Cr

Required Adjustments $ 57,600 Cr

General Journal

Date Description Debit Credit

Dec.31 Bad Debts Expense 27000

Allowance for Doubtful Accounts 27000

December 31 Balance Sheet.

Accounts Receivable $450,000

Less: Allowance for Doubtful Accounts $57,600 ( 27000+ 30,600)

Accounts Receivable 392400

6 0

3 years ago

A vending machine's coin box contains nickels, dimes, and quarters. The total number of coins in the box is 284. The number of

solong [7]

Answer:

there are 59 nickels, 12 quarters, and 213 dimes

Explanation:

let n = nickels
let q = quarters
let d = dimes

first step:

d = 3 (n + q) = 3n + 3q

d + n + q = 284

0.10d + 0.05n + 0.25q = 27.25

second step:

3n + 3q + n + q = 284

0.10 (3n + 3q) + 0.5n + 0.25q = 27.25

third step:

4n + 4q = 284

0.3n + 0.3q + 0.05n + 0.25q = 27.25

fourth step:

n + q = 71

0.35n + 0.55q = 27.25

fifth step:

replace q = 71 - n

0.35n + 0.55(71 - n) = 27.25

sixth step:

0.35n + 39.05 - 0.55n = 27.25

seventh step:

11.8 = 0.2n

eighth step:

n = 59

q = 71 - 59 = 12

d = 284 - n - q = 284 - 59 - 12 = 213

6 0

3 years ago

The points are only for ppl who have 12 to 20 points

icang [17]

Omg you’re the best thank you so much lol I have questions on my account if u wanna help bahah

4 0

3 years ago

Read 2 more answers

A work team can be empowered by keeping roles independent and separate from one another. authorizing the team to make decisions

Olenka [21]

Answer:

Authorizing the team to make decisions traditionally made by managers.

Explanation:

That gives them a sense of leadership and knowing that certain ideas and contributions they make will eventually be valid. It fuels their energy to do more and that helps the company grow which is what the management looks out for.

8 0

3 years ago