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Sveta_85 [38]
3 years ago
5

What are Pros and cons of perfect competition?

Business
2 answers:
Anit [1.1K]3 years ago
4 0

Explanation:

Perfect competition - A perfectly competition firm is one that is marked by a huge number of seller / producers as well as a large number of buyers . These firms produce large amounts of homogeneovs products that are sold at a price decided in the market by market force .

Pavlova-9 [17]3 years ago
4 0
Adding on to the explanation above:
Because there are a lot of sellers and buyers, prices remain relatively low and competitive, as well as many new or improved products coming on to the market. The down side is, you get a lot of cheep products, and a few more expensive good quality products. The huge amount of sellers also makes it difficult for new businesses to open and establish themselves.
You might be interested in
If an application asks you to indicate a salary range, you should
goldfiish [28.3K]

Answer:

What to Put for Desired Salary on Job Applications. The best way to answer desired salary or salary expectations on a job application is to leave the field blank or write 'Negotiable' rather than providing a number. If the application won't accept non-numerical text, then enter “999,” or “000”.

Explanation:  *write "open" or "negotiable"

4 0
3 years ago
The following information is available from the current period financial statements:
Galina-37 [17]

Answer:

$166,000

Explanation:

The net cash flow from operating activities using the indirect method is computed below:

Cash flow from Operating activities - Indirect method

Net income $175,000

Adjustment made:

Add : Depreciation expense $28,000

Less: Increase in accounts receivable -$16,000

Less: Decrease in accounts payable -$21,000

Total of Adjustments -$9,000

Net Cash flow from Operating activities $166,000

8 0
3 years ago
Required information
Triss [41]

Answer:

1. Ending inventory = $3519

2. Cost of Goods Sold = $21030

3. Sales Revenue = $27279

4. Gross Profit = $6249

Explanation:

FIFO method of inventory valuation is whereby the stock that first comes into the business, leaves first. This is common in perishable inventory such as vegetables or fruits.

Jan 1. Beginning inventory: 53 units x $45 = $2385

Total

53 units x $45 = $2385

Apr 7. Purchase 133 units x $47 = $6251

Total

53 units x $45 = $2385

133 units x $47 = $6251

Jul 16. Purchase 203 units x $50 = $10150

Total

53 units x $45 = $2385

133 units x $47 = $6251

203 units x $50 = $10150

Oct 6. Purchase 113 units x $51 = $5763

53 units x $45 = $2385

133 units x $47 = $6251

203 units x $50 = $10150

113 units x $51 = $5763

1. Ending inventory = 502 - 433 = 69 hence,

69 units x $51 = $3519

2. Cost of Goods Sold =

[$2385 + $6251 + $10150 + (44 units x $51)] = $21030

OR $24549 - 3519 = $21030

3. Sales Revenue =

433 units x $63 = $27279

4. Gross Profit = Sales Revenue - Cost of Goods Sold hence,

$27279 - 21030 = $6249

4 0
2 years ago
Rosewood Company made a loan of $16,000 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rat
erastovalidia [21]

Answer:

The correct answer is $720 in Year 1 and $240 in Year 2 Next.

Explanation:

According to the scenario, the given data are as follows:

Loan Amount =$16,000

Rate of interest = 6%

Time period for first year (Apr - Dec) = 9 months

Time period for second year ( Jan - Mar) = 3 months

So, we can calculate the amount of interest by using following formula:

For first year:

Amount of interest (1st year) = $16,000 × 6% × 9 ÷ 12 = $720

Amount of interest (2nd year) = $16,000 × 6% × 3 ÷ 12 = $240

8 0
3 years ago
A(n) _____ involves moving an employee into a position with greater challenges, more responsibility, and more authority than in
Sidana [21]
Answer:

Job enlargement.

Explanation:

Job enlargement refers to the process of adding challenges or new responsibilities to an employee’s current job.
5 0
3 years ago
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