Answer:
The total number of firms in this industry will decrease in the long run because increased competition will mean lower profit margins which will lead to some firms earning sub normal profits which will force them to leave the industry.
Explanation:
Answer: (D) Industry convergence
Explanation:
The industry convergence is basically representing the fundamental growth in an organization and it basically helps in defining the various types of industries boundaries according to the business principle.
The industry convergence is the way for applying the knowledge by using the various types of technology related application in the industry.
According to the given question, the emergence of the smartphones industry with the different types of given application best illustrating the industry convergence concept.
Therefore, Option (D) is correct answer.
Answer:
Cash Flow from Operating Activities
Net Income $24,000
Adjustments for Non-Cash items :
Depreciation expense $12,000
Adjustments for Changes in Working Capital :
Increase in Accounts receivable ($10,000)
Decrease in Inventory $16,000
Increase in Salaries payable $1,000
Net Cash from Operating Activities $43,000
Explanation:
The Indirect method reconciles the Operating Profit to Operating Cash Flow by adjusting the Operating Cash flow with the following items :
- Non-cash items previously deducted or added to Operating Profit.
- Changes in Working Capital.
Based on the various costs paid at closing, the total amount that was paid was <u>d. $7,499.</u>
<h3>Commission paid to agent</h3>
= Cost of house x Commission
= 3% x 180,000
= $5,550
<h3>Total amount paid at closing</h3>
= Commission + Loan origination + Title insurance +Attorney fees + Appraisal cost + Recording fees
= 5,550 + 275 + 528 + 750 + 275 + 121
= $7,499
In conclusion, the total paid at closing is $7,499.
Find out more on closing costs at brainly.com/question/26133271.
