This relates to liability of business owners. When a company has unlimited liability and starts losing money, the owners can be personally liable for losses meaning their home and personal assets could be lost. Limited liability means they can only lose the amount that they invested in the company and none of their personal assets.
Answer:
$8.50
Explanation:
Computation for the net incremental cost or savings of buying the component.
Using this formula
Incremental cost = Purchase price -Cost savings
Let plug in the formula
$37 - ($10.50+ $14.50 + 3.50)
Incremental cost=$37-$28.5
Incremental cost= $8.50
Therefore the net incremental cost or savings of buying the component is $8.50
Answer:
False
Explanation:
The market demand curve in perfect competition slopes downward.
Price is determined by the intersection of market demand and supply; under perfect competition, the individual firms don't have any influence on the market price.
Individual firms become price takers when the market price is determined by market supply and demand forces. Individual firms are forced to charge the equilibrium price of the market or the consumers would purchase the product from the many other firms in the market who are charging a lower price. The demand curve for an individual firm is, therefore, the same as the equilibrium price in the market
All individual firms are price takers in a perfectly competitive market. The price is determined by the intersection of market supply and demand curves.
The demand curve for an individual firm is not the same as the market demand curve. The market demand curve slopes downward, whereas the firm's demand curve is a horizontal line.
The firm's horizontal demand curve indicates a price elasticity of demand that is perfectly elastic
The horizontal demand curve of an individual firm indicates that the elasticity of demand for the good is perfectly elastic. This means that if any individual firm charged a price somewhat above market price, it would not sell any products.
Offering a firm's product at a lower price than the competitors is a strategy usually used to enhance market share. In a perfectly competitive market, firms cannot reduce their product price without experiencing a negative profit. Thus, assuming that each firm is a profit-maximizer, it will sell its output at the market price.
The term which refers to the innovations that could improve financial services is; Choice B; Fintech.
<h3>What is fintech?</h3>
Finance: This is the science of management of money and other assets.
Technology is the use of modern knowledge and equipment to perform an activity.
The term fintech in its simplest meaning refers to financial technology which involves the application of technological knowledge to the trading of financial services.
Such financial services may range from peer to peer lending, mobile wallets among a host of other types of services.
Hence, it follows that the general term which refers to innovations that could improve financial services is; Choice B; fintech.
Read more on fintech;
brainly.com/question/17012635
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Answer:
$4.069 per share
Explanation:
Earning before tax:
= Earning before interest and tax - interest expense
= $776,000 - $150,000
= $626,000
Earnings available for equity shareholders:
= Earning before tax - Taxes
= $626,000 - $219,100
= 406,900
Earnings per share:
= Earnings available for equity shareholders ÷ No. of common stock outstanding
= 406,900 ÷ 100,000
= $4.069 per share
