Answer:
B) there are many firms in the industry.
Explanation:
Firms that have no power to set price on its own are known as price takers.
An example of firms that are price takers are perfect competition.
In a perfect competition, there are many buyers and sellers of homogenous goods. Prices are set by the forces of demand and supply.
Because there are many sellers of homogenous goods, sellers cannot influence the price of their product. If they increase the price of their product, the quantity demanded would fall to zero.
I hope my answer helps you.
Answer:
No there was no contract, there was at best an agreement to agree (an agreement based on understanding that a future arrangement can be made).
Nina said she was still thinking about her son's proposal and had not decided yet, so there was no contract.
Oral contracts is a spoken agreement between two parties that may be legally binding.
Breach of oral contract can be hard to prove since it is not written down.
An oral agreement between family members is not enough to be considered a contract.
Explanation:
In this article, we go over the main interruptions we have during the course of the workday and how to prevent them to increase productivity.
<h3>What does a disruption strategy entail?</h3>
Christensen defines disruptive innovation as the process by which smaller organizations with fewer resources challenge established or incumbent businesses by fulfilling an unmet market need in the online course Disruptive Strategy.
<h3>What are the four disruption capacities?</h3>
The innovation pattern for technology products can be broken down into four stages rather than the traditional five stages of grief: disruption of the status quo, rapid and linear evolution, alluring convergence, and total reimagination. Any technology or product line can be arranged in this order at any given time.
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Answer:
debit Unearned Rent Revenue and credit Rent Revenue, $12,000.
Explanation:
Provided information we have,
Rent is received on 1 September 2017 for a period of 1 year on which it is accounted as Unearned Rent amounting $36,000.
Entry on that date would be
Cash A/c Dr. $36,000
To Unearned Rent $36,000
At the end of the year on 31 December 2017, we have period of current year lapsed = 1 September to 31 December = 4 months.
Thus rent income for the year = $36,000
= $12,000
Therefore this rent of $12,000 will be recognized as rent income for the year 2017.
Entry will be
Unearned Rent A/c Dr. $12,000
To Rent Revenue $12,000
So each 4 classes requisite that an average should be divided so yea!!!!! good luck with that