Answer:
The correct answer is option a.
Explanation:
In a competitive market, there is no limitation on entry and exit, entry and exit are free. The firms in a perfectly competitive market are price takers. They have a horizontal line demand curve which also represents average revenue and marginal revenue.
The firms will enter the market in the long run if the price or marginal revenue is greater than average total cost. The firms will be maximizing their profits if the average total cost is equal to marginal revenue and price.
The firms will exit the industry if price and marginal revenue fall below the average total cost.
Answer:C. A mistake of value support the cancellation of a contract.
Explanation:
The law of equity says ' he who comes to equity must come with a clean hand. Although the law requires the enforcement of a valid contract but the precensce of a substantial mathematics mistakes make the contract unenforceable.
It's not a bilateral mistake because it's from one the parties, though not all unilateral mistakes can cancel a contract especially when done with negligence.
The contract been below the price of contract of similar nature is not a valid excuse for non performance after agreement.
Answer:
If for some reason Costco was to suffer from a lawsuit then it would have no choice but to cut the pay rates of their employees. Also, if there was a depression in the economic that caused a dramatic decrease in the stores profit.
Answer :
The equivalent annual annuity of GSU-3300 = 6,520.30
Explanation :
The computation of the equivalent annual annuity of the GSU -3,300 is shown below:
As per the data given in the question,
For GSU-3300, Cash flow =$25,010
Time = 8 years
Cost = $99,984
For UGA-3300, Cash flow = $28,975
Time = 9 years
Cost $123,069
Based on this,
The equivalent annual annuity of GSU-3300 is
= -$99,984 × 9.63% ÷ {1 -1 ÷ (1 + 9.63%)^8} + $25,010
= 6,520.299
= 6,520.30
Answer:
The amount of revenue is recognized on the March income statement from this order is $1,845.00.
Explanation:
Accrual accounting can be described as a method of accounting in which revenue or expenses are recorded at the time of the transaction rather than when payment is received or made.
Since this transaction occurred in March, the total revenue of orders of 123 units received in the month of March will be recognized on the March income statement from this order. That is:
Amount of revenue to recognized in March = 123 * $15.00 = $1,845.00
Therefore, the amount of revenue is recognized on the March income statement from this order is $1,845.00.