Answer:
Explanation:
a. Monopoly has no competition so it can charge a higher price and produce less quantity when compared to a perfectly competition. For a consumer, perfectly competition which provides more goods at a lower price is better.
b. Due to lack of competition, monopoly does not have to be efficient in its resource allocation. To increase the allocative efficiency, the government can pass regulation to limit price charged and increase quantities of goods produced by the monopoly.
Answer:
Total puzzles solved expected by an employee: 2.61
Explanation:
we multiply each outcome by the probability adn then add them together. Thus, we are doing a weighted-average
0 x 0.06 = 0.00
1 x 0.16 = 0. 16
2 x 0.19 = 0.38
3 x 0.32 = 0.96
4 x 0.24 = 0.96
5 x 0.03 =<u> 0. 15 </u>
Total puzzles 2.61
Answer:
Ending invenory= $1,298
Explanation:
Giving the following information:
July 1 Beginning inventory 35 units at $22 $770
July 7 Purchases 124 units at $24 $2,976
July 22 Purchases 18 units at $26 $468
A physical count of merchandise inventory on July 30 reveals that there are 57 units on hand.
<u>To calculate the ending inventory using the LIFO (last-in, first-out) method, we need to use the cost of the firsts units incorporated into inventory:</u>
Ending inventory= 35*22 + 22*24
Ending invenory= $1,298
-You could see if there was any other equipment that could be useful around try and improvise with it however this may not be the safest option.
- Try calling for help and asking if anyone has the equipment you need.
- Ask someone in the business if there is any spare equipment or if you could borrow theirs.
Answer:
(B) less the loss
Explanation:
The statement of cash flows records the cash element of transactions irrespective of their nature, be it operational, investing or financing.
Thus when an asset is sold at a loss, the cash received from the sale of the asset is recorded in the statement of cash flow.
The cash received = carrying amount less the loss on the sale.
Other elements of the sale will be recorded as follows:
- Loss on sale will be recognized in the profit/loss account
- The carrying amount will be deducted from total equipment in the statement of financial position
- The accumulated depreciation related to the equipment will also be deducted from total accumulated depreciation of all equipment.
