Answer: A. equal to marginal cost where it intersects the demand curve
Explanation:
In a pure competition, the market is efficient because it balances demand and supply and gives an equilibrium price that takes both of them into account.
In this market, the price is equal to the marginal revenue of a firm and the profit maximizing level of production is where the marginal revenue intersects the marginal cost.
The efficient level is therefore where price equals marginal cost. The same goes for a natural monopoly. If economic efficiency is to be achieved, the natural monopoly's price must equal the marginal cost at the equilibrium price.
Answer:
Option B is the correct answer,a credit to salaries payable for $10,350
Explanation:
First of all,the net payment of salaries of Arcon Company equal the gross salaries expenses of $14,000 minus the deductions except the federal unemployment tax of $210
Net pay=$14,000-$1,050-$2,600=$10,350
In to record the salaries,the salaries expense account would be debited with $14,000 while the social security and medical taxes payable and federal income taxes payable account are credited with $1,050 and $2,600 respectively.
The net pay of $10,350 is credited to salaries payable in expectation of actual payment
Answer:
Matching items with the appropriate descriptions:
A. Includes both financial and non-financial information for all areas of the business.
ERP
B. Uses accounting information for external reporting.
General Ledger System
C. Is a subset of the non-financial integrated accounting system.
Managerial Accounting
D. Includes the accounting part of the integrated information system.
General Ledger System
E. Uses accounting information for internal reporting.
Managerial Accounting
Explanation:
- General Ledger System. This system is where the financial accounting records of debit and credit are kept and summarized.
- ERP: "Enterprise Resource Planning” is the consolidated system for gathering and organizing business data, both financial and non-financial.
- Managerial Accounting: This is where internal accounting data are gathered and analyzed.
Some of the key environmental variables are market fluctuations, changes in government policy, inflation, and technology and economical factors. The impact of these changes on the HRM function may either be positive or negative depending on the type of changes.
The HRM function cannot perform its duty in a vacuum. There are a number of environmental factors that affect HRM. The factors that are of primary importance that affect working are economic conditions, labor markets, laws and regulations, and labor unions. Other factors may be the political changes and the environmental changes that take place.
The environmental variables can be broadly divided into technological, cultural, political, social, and legal factors. While these external factors' influences are often outside the HRM's control the HRM is required to address their effect on the organization and its goals. Some of the other factors can be ethical and global factors.
Learn more about key environmental variables here:
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The court decided in favor of the McNamee because he did not have sufficient minimum contacts to establish personal jurisdiction, since Texas was not the focal point of the story.
Explanation:
The court gave his final decision in favor of McNamee. Clement has not received decision in favor of his though he suffered from distress and damage of his reputation in Texas. McNamee illustrated that he gave steroids to Clements who was an Texas citizen
Mc Namee was a citizen of New York. He did not have sufficient minimum contacts to establish personal jurisdiction. McNamee was a trainer. According to the national magazine there was no such detail of defamation was provided.
