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slega [8]
4 years ago
14

During the summer, alex runs a lawn-mowing service, and lawn-mowing is a perfectly competitive industry. in the short run, alex

will shut down his lawn-mowing service rather than continue with it if:
Business
1 answer:
trasher [3.6K]4 years ago
5 0
 In the short run, Alex will shut down his lawn-mowing service rather than continue with it if the total revenues would not be able to cover the total variable costs he has.  A perfectly competitive industry is a market structure where all the firms in the market sells the same product, the firms cannot control the prices of the product, they have a small share in the market, the consumers know all of the information about the product and the products would have a freedom of entry and exit. Most likely, firms in that certain industry would be able to sell well depending on how they would advertise and market their product. 
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Choose the option that correctly completes the statement: ""A change in depreciation method is considered a _________ and theref
Archy [21]

Answer:

Option B Change in accounting principle; retrospectively; required.

Explanation:

The reason is that the change is policies are considered in the international accounting standard IAS-8 Accounting policies, estimates and correction of errors. The standard says that the change in depreciation method is considered as a change in accounting policy which must be treated as retrospectively which means that the adjustments must be made to all the previous years using the same depreciation and must reflect the change in Changes in Wquity statement. This change in accounting policy as per the requirement s of the standard, must be disclosed in the notes to financial statements. Furthermore the changes in equity must only be opted if it increases the truth and fairness of the financial statement.

8 0
3 years ago
WHY DO I HAVE TO SIGN UP<br> I DON'T WANT TO
Gekata [30.6K]

Answer:

sign up to brainly? lol this is my 13th account it gets old fast

Explanation:

3 0
3 years ago
Johanna Reid, a campaign manager at a child rights organization, recently started working on an illiteracy project. During the p
gayaneshka [121]

Answer:

leading

Explanation:

Leading is one of the critical function of management that determine direction and motivation to the employee for achieve organizational goal. The leader is important in this function to keep employee engaging, motivated and participative in achieve organizational objective. Leaders should lead by example to influence others.

In the given case, Johannna Reid as a leader is trying to motivate and showing direction to achieve targets of project.

5 0
3 years ago
The income statement should be prepared a.after the retained earnings statement and before the balance sheet b.after the retaine
ale4655 [162]

Answer:

The correct option is C

Explanation:

Income statement is the one which states the core financial statements of the company which shows the profit and loss. And the profit and loss statement states the ability of the company for generating sales, create profits and manage expense.

It is that statement which to be prepared first, as in prepared before the retained earnings statement and the balance sheet statement.

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3 years ago
In The General Theory of Employment, Interest, and Money, Keynes rejected the idea that international trade always helps to achi
navik [9.2K]

Answer:

A capitalist economy always gravitates toward high levels of employment.

Explanation:

John Maynard Keynes

This is a man commonly known as an English economist. He was known to be the one wrote a book called "The General Theory of Employment, Interest, and Money" in 1883-1946. It is said that he was most famous for The General Theory of Employment, Interest and Money in 1936. He was known to argued that the best way to deal with prolonged recessions was deficit spending. It was documented that He believed in free market and he is known as the father of modern economics.

The General Theory of Employment, Interest and Money by John Maynard Keynes (1936)

This is said to explains Keynes' theory which was that government deficit spending will help distribute or circulate money, create jobs and promote demand for products.

8 0
3 years ago
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