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Jobisdone [24]
3 years ago
5

In perfect competition, each additional unit of output that a firm sells will yield a marginal revenue that is:

Business
1 answer:
il63 [147K]3 years ago
4 0

Answer:

The correct answer is equal to price.

Explanation:

A perfectly competitive firm is a price taker. This is because of the large number of firms, no single firm is able to influence the price. So each firm faces a horizontal demand curve. This horizontal line shows demand, marginal revenue, and average revenue.  

The price level is determined at the point where the marginal cost is equal to price. The marginal revenue is always equal to price because the price is fixed at a point, each output level is supplied at the same price.

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At December 31, 2018, before any year-end adjustments, Concord Company's Insurance Expense account had a balance of $2570 and it
Maksim231197 [3]

Answer:

The adjusted balance for Insurance Expense for the year will be $5,270

Explanation:

Prepaid Insurance is the value of Insurance paid before it becomes accrued and it is an current asset balance. It will be accrued as each month passes the monthly amount will be charged as expense and transferred to the Insurance expense account.

Unadjusted values:

Insurance Expense = $2,570

Prepaid Insurance = $3,900

Adjustment value of the insurance = $2700

Adjusted values:

Insurance Expense = $2,570 + $2,700 = $5,270

Prepaid Insurance = $3,900 - $2,700 = $1,200

7 0
3 years ago
Why would you write an inquiry to a company? (1 point)
UNO [17]

Answer:

what he said

Explanation:

5 0
3 years ago
Assume that a new project will annually generate revenues of $2 million. Cash expenses including both fixed and variable costs w
Mashcka [7]

Answer:

Cash flow from operating activities 992,000

Explanation:

revenue                 2,000,000

expenses                  800,000

before tax income 1,200,000

tax rate 34%         <u>   (408,000)  </u>

Net Income              792,000

Non-monetary

depreciation           200,000

Cash flow from operating activities 992,000

To solve this we use the indirect method.

We will calculate the net income as usual and once we got there, we remove the non-monetary expeses or revenues.

Always, the depreciaton must be removed.

The depreciation is an accounting tool to distributethe cost of fixed assets during time, it do not represent an actual cash disbursement.

This means our cash flow is greater than net income by this amount.

8 0
3 years ago
Wolf Den Craft Beers projects that it will need​ $50 million in total assets to meet the sales projection of​ $65 million. The p
ivanzaharov [21]

Answer:

$5 million

Explanation:

As we know the asset is financed from two capital sources equity and liability.

Using Accounting equations as follow

Assets = Equity + Liabilities

Total Assets Value = Equity Value + ( Account Payable + Accrued expenses + Long-Term Debt )

As we both sides are not equal, asset are more that the sum of equity and liabilities so we need more borrowing to finance the assets.

$50 million = $25 millions + ( $8 million + $2 million + $10 million ) + Additional Borrowing

$50 million = $25 millions + $20 million + Additional Borrowing

$50 million = $45 millions + Additional Borrowing

Additional Borrowing = $50 million - $45 millions

Additional Borrowing = $5 million

7 0
3 years ago
The first year they were offered, John wanted a tablet computer, but he did not know which one to choose. He waited until there
lbvjy [14]

Answer:

Early Majority

Explanation:

Early Majority -

It consists of around 34% of the total population, these are the type of people, who adapts to a innovative goods or services after some varying degree of time , is referred to as the Early Majority .

They take the time period to get their hands on the new stuff is much longer time in comparison to the early adopters and innovators .

As these people smartly goes through the complete analysis of the product , all the review and wait for the price to get down and buys on the best price .

Hence, from the given scenario of the question ,

The correct answer is Early majority.  

4 0
4 years ago
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