Answer:
This type of market is known as perfect competition
Explanation:
Perfection competition as a form of market exhibits the following characteristics:
Large number of buyers and sellers where no single buyer or seller dictate the price or quantity demanded or supplied,the invisible hands , the forces of demand and supply determines equilibrium price and quantity.
Free entry and exit , in that a market participant can join and leave at any time without any barriers.
Perfect knowledge in that all market participants are well informed of the happenings in the market place.
Factors of production and merchandise can move from one point to the other freely without hindrance.
<span>In economics and cost accounting, total cost
(TC) is described as the total economic cost of production and is made up of
variable costs. This may vary according to the quantity of a good produced and
this also includes inputs such as labor and raw materials, plus fixed costs.
These are independent of the quantity of goods produced and include inputs
(capital) that cannot be varied in the short term, such as buildings and
machinery. Included as well in the computation of the total costs is the total
opportunity cost. The opportunity cost or alternative cost is defined as the
value if the business entity will choose the best alternative cost when making
a decision in relation to production. </span>
Answer:
If you are single, head of household or married filing separately, your contribution limit of $5,500 begins to phase out when your modified AGI reaches $61,000 and is zero beginning at $71,000. If you are married, filing jointly, or a qualified widow or widower, your contribution limit of $5,500 begins to phase out when your modified AGI reaches $98000 and is zero beginning at $118,000. So since they dont have an income limitation and are not covered by another pension plan, they both should be able to contribute $5,500 for a combined result of $11,000 to a Roth IRA
Answer:
$15,576 should appear as Cash and Cash Equivalents on the balance sheet
Explanation:
Cash and Cash Equivalents
= Cash in a checking account + Cash in saving account + High-grade government securities
= $5,000 + $7,000 + $3,576
= $15,576
Therefore, $15,576 should appear as Cash and Cash Equivalents on the balance sheet