Answer:
Your total lottery winnings are actually worth __$10,000____________ more than the same amount as less than $20,000 to you today.
Explanation:
My total worth today is $ 10,000
My present worth today is less than $20,000 by $10,000
Hence, the lottery amount is more than by amount X which is equal to the difference between $20,000 and My total worth in present times
$20,000 - $10,000 = $10,000
Answer:
The correct answer is the option C: When other perfectly competitive firms see an opportunity to earn profits and enter the market the prices drop.
Explanation:
To begin with, in the microeconomics theory the perfect competitive market is characterized by the fact that there a lot of companies that sell an homogenous product and that are price takers of the market itself. So therefore that the only big difference in the firms are the costs and the prices that they have. Moreover, in the long run the firms are obtaining great profits so that leads to the enter of another more companies to the market and the supply rises the prices will have to go low so that will implicate as well a decrease in the prices of every company that now works in that industry.
Answer:
Option B. The company reduces its days sales outstanding (DSO).
Explanation:
As we know that:
Cash conversion Cycle = Receivable days + Inventory days - Payable days
Option A says that the increasing inventory without increasing sales will reduce the cash conversion then it is incorrect because increase in inventory keeping sales constant, increases the inventory days which will increase the cash conversion cycle. So the statement is incorrect.
Option B says that the reduction in Days Sales Outstanding which is also known as receivable days will result in decrease in cash conversion cycle then it is correct because we can see from the equation that reduction in receivable days will reduce the cash conversion cycle.
Option C says that the paying bills sonner by keeping the sales same will decreases the cash conversion cycle then it is again incorrect because reduction in payable days increases the cash conversion cycle.
Option D and E are incorrect because option B is the only statement that is correct.
Answer:
The correct answer is (B)
Explanation:
Firms and organisations try to attract the best talent by offering them fringe benefits. To compete in perfect competition, firms are usually the price takers, and it is difficult to cut cost. Lancer airline can offer its customers fringe benefits. Extra benefits and incentives will attract more customers and will ultimately help the company to gain more revenue and a competitive edge over competitors.
Answer: 10,000 units
Explanation:
Thw number of units that were completed during April would be calculated as:
= Unit started + Opening work process - Closing work process
= 11000 + 3000 - 4000
= 10,000
