Answer: Supply curve - Increases rightwards
Market Price - Falls
Economic Profit - Decreases
Explanation: Perfect Competition market structure is with large number of buyers & sellers , homogeneous products & uniform prices , perfect information and free entry and exit.
'Free Entry and Exit' implies - no firm earns super normal (economic) profits or abnormal losses in long run. When firms are earning economic profits in short run, new firms enter (because of free entry) & the industry supply increase reducing price , which further reduces the super normal profits to normal profits in long run. Similarly - Abnormal losses make firms exit (freely), reduce supply & increase price , hence reducing abnormal losses & resuming normal profits.
Answer:
$12,209
Explanation:
The computation of the pro forma net working capital is shown below;
Add items
Cash $1,383 {$1,320 × (1 + 4.8%)}
Inventory $10,690 {$10,200 × (1+4.8%)
}
Accounts receivable $3,961 {$3,780 × (1 + 4.8%)}
Less
Accounts payable -$3,825 {$3,650 × (1 + 4.8%)}
Pro forma net working capital $12,209
We simply added the current assets and deduct the current liabilities
Answer:
According to me, the correct answer can be d. Liability insurance.
Answer:
The dimension of social environment that is exemplified in this scenario is:
d. Diversity
Explanation:
A social environment constitutes the beliefs, values and customs of a people. Business operated on social environment since it involves the interaction with different groups of people who have a variety of beliefs, value and customs. These social values of people contribute to most of the economic decisions that they make, an example is; whether or not they will purchase a certain product or not depending on their cultural beliefs or practices associated with that product. It is there imperative to ensure that a business is fully aware of the type of social environment that they plan to carry out their business. The knowledge of the social environment a business operates in can be of great significance on how they relate to that particular environment. Research has shown that most businesses that are successful have some knowledge on how to handle their social environment.
Organizations can utilize different aspects of the social environment to be successful. One such example is diversity. Diversity as an aspect of social environment is the act of targeting different social groups either through marketing or product specification to appeal to distinct social groups.