Answer: When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sell D. nothing at all; the firm shuts down.
Explanation: A perfectly competitive firm does not exist because it a theoretical market structure where all firms sell the same product, they are price takers, the market has no influence on price and there is full freedom. If the market price is below what it will cost to produce the products, the firms will stop producing their products and shut down.
Answer:
b) $22, 326 and $16, 900
Explanation:
The computation is shown below:
Budgeted cash sales
July cash sales
= $15,000
August sales
= July sales + July cash sales × monthly increase
= $15,000 + $15,000 × 22%
= $15,000 + $3,300
= $18,300
September sales
= August sales + august sales × monthly increase
= $18,300 + $18,300 × 22%
= $18,300 + $4,026
= $22,326
Budgeted credit sales
July cash sales
= $10,000
August sales
= July sales + July cash sales × monthly increase
= $10,000 + $10,000 × 30%
= $10,000 + $3,000
= $13,000
September sales
= August sales + august sales × monthly increase
= $13,000 + $13,000 × 30%
= $13,000 + $3,900
= $16,900
Answer:
Pandora
Box Fund shares qualifying for the long-term holding period:
Total shares qualifying = 1,010
This is made up of:
Initial shares bought on Nov. 9 = 1,000
Reinvested shares on Dec. 1 5
Reinvested shares on Jan. 1 5
The remaining 55 (1,065 - 1,010) shares qualify for short-term holding periods as they lasted less than one year.
Explanation:
A long-term holding period is one year or more with no expiration. This implies that investment, including dividends paid into the account, that has a holding of less than one year will be a short-term hold.
The holding period of an investment is used to determine the taxing of capital gains or losses.
The answer is: activity-based management.
<span>Two oil shocks, an expansive monetary policy, and growing competition as Europe and Japan recovered from the devastation of World War II.
By the end of the decade, the country went into what came to be called
stagflation, a combination of no growth and rising inflation. In effect, the country had the worst of both worlds.
President Carter’s appointment of Paul Volcker as Federal Reserve Chair started the path to change. He restricted the money supply in a war that drove up unemployment but eventually tamed inflation.
The Reagan presidency started with cuts in spending and income taxes in what was called a ‘supply-side experiment.’
The intent was to stimulate saving, work, and investment. The emphasis that the supply-side approach put on incentives is now a more prominent part of economic thinking, but the experiment itself led to larger fiscal deficits.</span>
