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3 years ago

If there is an increase in market demand in a perfectly competitive market, then in the short run

Business

1 answer:

katovenus [111]3 years ago

7 0

Answer:

The correct answer is option d.

Explanation:

An increase in the market demand will cause the market demand curve to move to the right. This rightward shift in the demand curve will lead to an increase in the market price.

This increase in market price will cause the individual demand curves to move upwards. As the price increases, the profits earned by the firms will increase as well.

Profit to a firm is the difference between its total revenue and total cost, as the price increases, revenue will increase and cost will remain the same. This will cause profits to increase.

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On June 3, Swifty Company sold to Chester Company merchandise having a sale price of $3,300 with terms of 2/10, n/60, f.o.b. shi

goldfiish [28.3K]

Answer:

The Journal Entry and their narrations is shown below:-

Explanation:

The Journal entry is shown below:-

a. 1.Accounts Receivable Dr, $3,300

To Sales $3,300

(Being sales is recorded)

Cash Dr, $3,234

Sales Discount Dr, $66

(3,300 × 2%)

To Accounts Receivable $3,300

(Being Payment received is recorded)

2. Accounts Receivable Dr, $3,234

=(3,300 × 0.98)

To Sales $3,234

(Being sales is recorded)

Cash Dr, $3,234

To Accounts Receivable $3,234

(Being payment received is recorded)

b. Cash Dr, $3,300

To Accounts Receivable $3,234

To Sales Discounts Forfeited 66

(Being payment received is recorded)

4 0

3 years ago

Game Theory and Strategic Choices -- End of Chapter Problem You have developed a new computer operating system and are consideri

pentagon [3]

Answer:

Microsoft will choses High price and you will choose to enter the market .

Explanation:

The Nash equilibrium

<u> enter Don't enter</u>

Microsoft high price ( $30 , $10 ) ( $60 , $0 )

Microsoft low price ( $20, -$5 ) ( $50, $0 )

From the Nash equilibrium the best time for you to enter the market is when Microsoft Charges a high price

While the best time for Microsoft is when it charges a high price and you do not enter the market

But considering Simultaneous Move game : Microsoft will choses High price and you will choose to enter the market .

3 0

3 years ago

Garland Company received proceeds of $235000 on 10-year, 6% bonds issued on January 1, 2018. The bonds had a face value of $2500

Lerok [7]

Answer:

$238000

Explanation:

The computation of the carrying value of the bond is shown below:

Given that

Face Value of Bonds = $250,000

Proceeds from issuance of bonds = $235,000

Before that we need to compute the following things

Now

Discount on Bonds Payable = Face Value of Bonds - Proceeds from issuance of bonds

= $250,000 - $235,000

= $15,000

Life of Bonds = 10 years

Now

Discount on Bonds amortized annually = Discount on Bonds Payable ÷ Life of Bonds

= $15,000 ÷ 10

= $1,500

Now

Discount amortized is

= Discount on Bonds amortized annually × expired life

= $1,500 × 2

= $3,000

Finally

Carrying Value of Bonds = Issue Price + Discount amortized

= $235,000 + $3.000

= $238,000

5 0

3 years ago

The income effect indicates that a ______ price increases the purchasing power of income, enabling consumers to purchase ______

Margaret [11]

Answer:lower;more

Explanation:

5 0

1 year ago

Michael is a U.S. citizen who currently lives in St. Louis. He hires John, an authorized vintage car broker (also a U.S. citizen

Andrei [34K]

Answer:

The correct answer is C. Only John's commission will be counted in the U.S.

Explanation:

When developing a job that generates income in St. Louis, it is considered that any sale you make because you are within the United States is taken into account within the GNP. For its part, the country that produced the car should consider it as GDP because it is part of the production carried out in a different jurisdiction.

3 0

3 years ago