Answer:
The answer here is false.
Explanation:
The answer is false.
This type of market is called perfect competition.
Products are identical. The buyers can buy from any seller without the fear of having different quality or quantity.
There are large number of buyers and sellers. The bargaining power of buyers is very high because sellers selling the same product are much.
These above-mentioned points made sellers to be powerless because any seller that increases its price will lose customers because buyers can get the same product else where at a lower price. Seller are price-takers, they can't influence the prevailing market price. It is the market that determines the price.
The cost of goods sold in a retail store totaled $325,000. fixed selling and administrative expenses totaled $115,000 and variable selling and administrative expenses were $210,000. if the store's contribution margin totaled $590,000, then sales must have been: 1,125,000
Number b i hope this helps
Answer: Note receivable collected by bank in favor of the depositor and credited to the account of the depositor
Explanation:
A bank reconciliation is when the records for a cash account of an entity are been matched to the corresponding information that are provided on a bank statement.
When preparing a bank reconciliation which ends with adjusted cash balance, the note receivable collected by bank in favor of the depositor and credited to the account of the depositor must be added to the cash balance per ledger.
Answer:
200 labor
and 50 units of capital
Explanation:
The formula given is Q = K^(1/2)L^(1/2)
Now, considering we want Q = 100
and the cost formula 20K + 5L
we should look to minimize the cost using excel solver tool
1 2 3 4
A L 200 5 1000 (A2*A3)
B K 50 20 1000 (B2*B3)
C 100 2000 (A4 + B4)
C2 =power(a2;1/2)*power(b2;1/2)
we want to minimize the cost formula (C4)
considering the restrain that output should be 100
and that quantity of labor and kapital should be integer.