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Andrews [41]
3 years ago
8

What are closing costs?​

Business
1 answer:
I am Lyosha [343]3 years ago
4 0

Answer:

fees paid at the end of a real estate transaction.

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The perfectly competitive firm produces that quantity at which a.marginal revenue is greater than marginal cost. b.the largest g
Katena32 [7]

Answer:

Option (c) is correct.

Explanation:

The perfectly competitive firm produces at a point where the marginal revenue is equal to the marginal cost because it the profit maximizing point for the competitive firms. Under the perfectly competitive market conditions, the price is determined by the two forces: demand and supply of the goods.

The firms under this market condition, faces a perfectly elastic demand curve which implies that the buyers are free to buy any quantity of goods.

4 0
3 years ago
The accounting and finance department performs processes such as creating financial statements, paying accounts payables, and co
noname [10]

Answer:

Business-facing processes

Explanation:

As we know that preparation of the financial statements is necessary for all the types of the organization whether small or large, private or public company, etc.  

The preparation of the financial statement is done by the accounting and finance department of the organization.  

The functions like creating financial statements, paying accounts payable, and collecting accounts receivables are done by business organizations so that no problem will exist in the future.  

Such types of business organization are called legal organization who are conducting their business activities in an ethically manner

4 0
3 years ago
Describe the first institution of the income tax in the United States, the reason behind it, and what happened to it.
Vinil7 [7]

Answer: The system of tax began in America in the year 1861, this was during the civil war, where the Congress passed an Act that included a tax on personal incomes inorder to meet up war expenses.

Explanation:

The system of tax began in America in the year 1861, this was during the civil war, where the Congress passed an Act that included a tax on personal incomes inorder to meet up war expenses. The tax system was cancelled after 10years of the practice but was later reinstated by the Congress in 1894 on federal level, but it was ruled out the following year by the Supreme Court because it was taxed directly and not according to the population of each state. In the year 1913 the federal government was allowed to tax everyone irrespective of the sizes of their state by the 16th amendment. This has been what's obtainable about the tax system till date.

4 0
3 years ago
Explain at least two elements of the free enterprise system here in the U.S.
Andreas93 [3]

Answer:

1.  Private ownership of factors of production

2.  Freedom to engage in commercial activities

Explanation:

<u>1.  Private ownership of factors of production</u>

In the US, individuals and firms are allowed to own properties. A significant percentage of the factors of production are in the hands of the private sector. Firms and individual influences the production of goods and services because they allocate resources to meet market demand.

<u>2.  Freedom to engage in commercial activities</u>

Entrepreneurs have the freedom to choose the type of business they want to start. They can also select the location and the time they want to operate. There are no upper limits to firms that can participate in the market.  Consumers are free to choose their suppliers. The market presents a variety of goods and services to consumers to pick from.

4 0
3 years ago
Sean’s mother had to make an emergency purchase of a new tire because her tire went flat while she was traveling to the store. S
andrew-mc [135]

dave ramsey says debit!!!

5 0
3 years ago
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