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matrenka [14]
3 years ago
15

The exit of existing firms from a competitive market will a. decrease market supply and increase market price. b. decrease marke

t supply and decrease market price. c. increase market supply and decrease market price. d. increase market supply and increase market price.
Business
1 answer:
makvit [3.9K]3 years ago
4 0

Answer:

The correct answer is option A.

Explanation:

The exit of existing firms from the market will reduce the overall market supply. This will cause the market supply curve to move to the left.

This leftward shift in the market supply curve will lead to an increase in the equilibrium price. The equilibrium quantity will be reduced.

The other firms in the market will get more market share and higher profits.

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Which one of the following statements concerning the balance sheet is correct? Total assets equal total liabilities minus total
Margarita [4]

Answer:  Assets are listed in descending order of liquidity

Explanation:

According to accountant principles, the assets are always listed starting with the most liquid asset. It has the special purpose of helping to the shareholders and company owners to know what assets are easily sold and become in cash flow. The most liquid asset is always the cash, it is the first in the list. Commonly the second asset listed is the inventory, then we have ththe realizable value ( it includes bonds, stocks and other stock market elements), followed by the elements available for sell, at the end we can find listed long term resources including fixed assets and intangible assets.

8 0
3 years ago
During 20x8, a firm discontinued a component qualifying for separate disclosure within the income statement. The disposal was co
MAVERICK [17]

Answer:

  1. IFCO for 20x7 as it is reported comparatively in the 20x8 statements  = $5,600
  2. IFCO for 20x8 = $6,800

Explanation:

1) IFCO for 20x7 as it is reported comparatively in the 20x8 statements, should not include the $400 operating income from the component = $6,000 - $400, or $5,600.

2) IFCO for 20x8 should not include the gains resulting from the disposal of the component nor the losses generated by it = $7,000 - $300 + $100 = $6,800

4 0
3 years ago
A _____ is a formal, written explanation of a specific job that usually includes job title, tasks to be performed, relationship
worty [1.4K]
Job offer letter is the answer.
6 0
3 years ago
At the beginning of 2021, Artichoke Academy reported a balance in common stock of $153,000 and a balance in retained earnings of
salantis [7]

Answer:

STOCKHOLDERS EQUITY

                                                  Common               Retained      Stockholders

                                                      stock                 earnings        equity

Beginning balance January 1      153.000              53.000          206.000

Issuance of common stock           43.000                                      43.000

Net income for the period                                        33.000           33.000

Cash Dividens                                                           (10.300)          (10.300)

Ending balances December 31   196.000              75.700 271.700

BALANCE SHEET

Cash                    52.900

Supplies               11.200

Prepaid Rent       25.500

Land                   215.000

Total Assets      304.600

Account payable    8.100

Utilities payable      3.000

Salaries payable     3.800

Notes payable      18.000

Total liabilities      32.900        

         

Common stock      196.000

Retained earnigs    75.700

Total stockholders 271.700

Liablities and

Stockholders          304.600        

Explanation:

STOCKHOLDERS EQUITY

                                                  Common               Retained      Stockholders

                                                      stock                 earnings        equity

Beginning balance January 1      153.000              53.000          206.000

Issuance of common stock           43.000                                      43.000

Net income for the period                                        33.000           33.000

Cash Dividens                                                           (10.300)          (10.300)

Ending balances December 31   196.000              75.700 271.700

BALANCE SHEET

Cash                    52.900

Supplies               11.200

Prepaid Rent       25.500

Land                   215.000

Total Assets      304.600

Account payable    8.100

Utilities payable      3.000

Salaries payable     3.800

Notes payable      18.000

Total liabilities      32.900        

         

Common stock      196.000

Retained earnigs    75.700

Total stockholders 271.700

Liablities and

Stockholders          304.600        

6 0
3 years ago
1. Differentiate between a group and a team.
OleMash [197]

Answer:

A group is different from a team. The Ringlemann Effect does contribute to the modern day team dynamics.

Explanation:

A group is like an assembly of more than one person who coordinate their individual efforts. They do not have any common purpose to achieve.  For example: a group of college students. On the other hand, a team is a group of people who have a common purpose and share a common goal. Like a team of people in office who work on a project.  

The Ringelmann effect is the tendency in which productivity of individual members of a group decreases as the size of the group increases. For the development of modern-day team dynamics, the Ringelmann effect's contribution shows that the size of the team should be small so that each individual can contribute enough for the team.

Each team member of a highly effective team is intelligent enough to understand their tasks. They share common goals and achieve them by sharing a few moments of humor as well. They communicate well and have a strong leader.

Some of the barriers to teamwork include bad leadership, poor communication among the members of the team, personal clashes and also when the goal planning is not done adequately.

8 0
3 years ago
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