Answer:
In an Internal Service Fund, the expectation is that:_____.
A. Each year's revenues should equal each year's expenses because the revenues are simply an allocation of that year's expenses.
Explanation:
There are two proprietary funds used in governmental accounting. One is the internal service fund. The other one is the enterprise fund. The internal service fund tracks the goods or services rendered by a service department to other governmental departments. It is established on a cost reimbursement basis. This is why the expenses for the year are expected to equal the annual revenue.
Answer:
The correct answer is option I.
Explanation:
Market power refers to the situation when a firm can affect the price of its product. There is no market power in a perfectly competitive market.
Market power generally arises from barriers to entry. There are four barriers to entry,
- Resource ownership
- Government regulation
- Copyrights and patents
- Startup cost
In the given example, patents and copyrights are an example of a barrier to entry.
A firm that possesses patents or copyrights for a product, will be able to affect its price as the firms will not be able to produce that product.
This gives market power to he firm holding patents or copyrights.
According to the strong form of efficient market hypothesis, private information is of no help in earning abnormally high returns.
<h3>What is an efficient market hypothesis?</h3>
It should be noted that an efficient market hypothesis simply means that assets reflect the information that are available.
In this case, according to the strong form of efficient market hypothesis, private information is of no help in earning abnormally high returns.
Learn more about efficient market hypothesis on:
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Answer:
Quarterly deposit= $1,001.06
Explanation:
Giving the following information:
They anticipate they’ll need $150,000 in 18 years. The account pays 7.75% per year compounded quarterly.
To calculate the annual deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
FV= 150,000
n= 18*4= 72
i= 0.075/4= 0.01875
A= (150,000*0.01875) / [(1.01875^72)-1]= $1,001.06
Answer:
AVC < $15.00
Explanation:
A firm will continue to produce as long as total revenue covers total variable costs or price per unit > or equal to average variable cost (AR = AVC).
