Answer:
a) $10,000
b) $12
c) The grower has a loss at the shutdown price
d) New firms will enter the market in the long run
Explanation:
Find the given attachments
Answer:
The correct answer is: Zero, Option c.
Explanation:
The price elasticity of demand shows the change in the quantity demanded of a commodity due to a change in the price of the commodity.
The cross-price elasticity is the change in the quantity demanded of a product because of a change in the price of related good.
The cross-price elasticity is calculated by finding the ratio of proportionate change in quantity demanded and proportionate change in price.
Cross-price elasticity in this situation will be
= 
= 
= 0
The cross-price elasticity is zero. This implies that the two goods have no relation.
The order of operations is necessary for simplifying numerical expressions because it ensures that the expression is simplified correctly through a series of steps proven to be efficient in simplification.
Answer:
(a) Net cash flow provided by operations for Simon Co. for the year ended December 31, 2020 is $1,580.
(b) The correct answer is Option A.
Explanation:
(a) Preparation of statement of cash flows extract
Simon Co.
Statement of Cash Flows (extract) for the Year Ended December 31, 2020
Net income $840
Add: Depreciation and amortization expense 640
Decrease in Accounts receivable 90
Increase in Income taxes payable 70
Less: Increase in Inventory 40
Decrease in Accounts payable 20
Net cash flows from operating activities $1,580
(b) The difference is mainly from timing and recognition. The cash flows from operations is a valuable tool used by investors to evaluate a company's financial strength. This section of the cash flows is regarded as the <em>cash version of net income </em>as non-cash items are added back to net income and it also considers changes in working capital, including current assets and current liabilities.
Answer: Avoid using credit cards
Explanation:
