Answer:
decrease and demand curve will shift to the left.
Explanation:
When new firms enter a monopolistically competitive market, the economic profits of existing firms will decrease. This is because, new firms enter an existing market if they spot a profit opportunity . The entry of these new firms will therefore increase the quantity of products or services supplied in the market which gives consumers more choices and substitutes. As a result, the demand curve of the existing firms will also shift to the left. because their
Answer:
e. instantly redeemable coupon
Explanation:
Instantly redeemable coupon -
It is the type of coupon , which is provided along with the goods or services , the person opt for , is referred to as instantly redeemable coupon.
This coupon , can be applied easily at the time of purchase and hence can avail the given discount.
These coupons are given , in order to attract more customers and increase the production.
Answer:
The amount of underapplied manufacturing overhead at the end of the year is $1200.
Explanation:
Total estimated $360,000/est
direct labour hours 45000 = $8x (Actual Dl hours) 47000
= $376,000
Actual Overhead worked = $377,200 - $376,000
= $1200 underapplied
Therefore, The amount of underapplied manufacturing overhead at the end of the year is $1200.
That would be the gross income. This is the opposite to the net income, the money which is not on paper, but the money you take at home after the company/you pays first for the taxes.
Answer:
loss on fire and storms 710,000
insurance expense zero as the firm didn't acquire any
Explanation:
Notice it state <u><em>"if the company were to obtain insurance"</em></u> Which means it currently has none insurance.
If the firm had an insurance the amount of losses would be deducted from the insurance policy but there is none so we disclosure the entire loss as a result of the period.
Hence, we should recognize the entire loss on fire and storm damage of 710,000 during the year and no insurance expense.
