Answer:
The answer is D.
Explanation:
The demand curve faced by perfectly competitive firm is horizontal. This means that if individual firm charges price above the market price, it will not sell anything.
The curve is the same as marginal revenue curve because change in total revenue from selling one more unit(marginal revenue) is the constant market price.
And it holds in perfect market that price equals marginal revenue (P=MR).
The correct option is D.
Answer:
during the first month, Angie will pay $4.50 in interests and $5.50 in principal
I prepared an amortization table using an excel spreadsheet to determine the number of years it takes to pay off the debt balance.
At the end of the 40th month, her balance will only be $1.53. So the <u>41st month</u> should be the last month that she pays and her payment should only be $1.55 to payoff her debt completely.
Answer:
A. Cash basis $5,750
Accrual basis $11,400
B. Accrual basis
Explanation:
A. Calculation for the first year’s net earnings under the cash basis of accounting, and accrual basis of accounting
Cash basis Accrual basis
Service revenue
$21,900 $30,000
Less Operating expenses
$12,880 $18,600
Less Insurance expenses $3,270 $0
Net income $5,750 $11,400
B. Based on the above calculation the basis of accounting that provides more useful information for decision-makers is ACCRUAL BASIS OF ACCOUNTING.
I feel stressed reading this question as it has no context but the question is asking for your opinion. there really is no wrong answer
