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3 years ago

HOW PERFECTLY COMPETITIVE FIRMS MAKE OUTPUT DECISIONS?

Business

1 answer:

AnnZ [28]3 years ago

3 0

Answer:

The companies in the perfect competition opt to lower prices that generates maximum profits using the price demand relation.

Explanation:

The customers opt to products that are easy to access and are priced competitive which means the switching of customer to buy competitors in such markets are are very easy. Just take the example of Pepsi and Coke. The person who wants Coke would buy Pepse in instance if shopkeeper doesn't have Coke. This shows that the switching cost is very low and the price the competitor charges is almost the same. So this means that in such market the supplier would have to charge a price that brings higher sales to them every shopkeeper stores it in its shelve because it generate higher value for them too.

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Auditing standards don't specifically discuss the audit procedures that should be applied to a client's pension-related financia

Irina-Kira [14]

Answer:

Explanation:

(a). Audit Procedure (b) . Audit Objective

1.a Take note of trading/order paperwork with the pension (b). Existence of investment/accounts.

2a. Movement of funds within accounts. (b. Examine plan document for investment objectives

3a.make sure that investments agree with plan objectives and allowed risk level (b. Take note of current investment holdings

4a. Make sure that funds are held at updated market fair value(mark to market) (b. Take note of contracts, meeting minutes etc. Confirm that purchases/sales have been approved and falls into plan polices

5a. Extra examination of any significant plan holdings (b. Verify existence and appropriate value . This is important if the plan invest in non-public assets , example is assets are private, equity.

4 0

3 years ago

In an effort to help prevent children from accidentally ingesting pharmaceuticals, the government passed a regulation requiring

hodyreva [135]

Answer:

D. Good intentions do not always lead to desirable outcomes.

Explanation:

Here in the question, it is evident that in order to protect the children from poisoning themselves, the government took a good step by passing a regulation to put child-resistance safety caps on the pill bottles.

But it is also evident that this regulation back fired and caused more casualties than before due to the non serious behavior of the general public.

Hence it can be concluded that the government put a good intention but it did not lead to the desired outcome for the government.

Hope I made myself clear buddy.

Good Luck.

4 0

3 years ago

Which of the following statements explain(s) how the accounting equation applies to business?( check all the apply)

JulijaS [17]

The statements that explain how the accounting equation applies to business are:

The equation reflects that the total of what a business owns at any point in time will equal the total of what it owes creditors and owners.
The equation applies to all monetary business transactions.
The relation of assets, liabilities and equity is reflected in the equation.
The equation states that Assets = Liabilities +Equity

<h3>How does the accounting equation apply in business?</h3>

The accounting equation is given as:

Assets = Equity + Liability

This shows that everything that a business owns (assets) is only acquired thanks to the amounts that the owners ( equity) and creditors (liability) give.

It also shows how assets, liabilities and equity are related and therefore applies to all the monetary transactions in the business as it shows how the cash is affected when it is spent or received.

Find out more on the accounting equation at brainly.com/question/24401217

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5 0

1 year ago

In the current year, Crimson, Inc., a calendar C corporation, has income from operations of $180,000 and operating deductions of

Sergeu [11.5K]

Answer:

The answer is: D) Crimson’s dividends received deduction is $21,000

Explanation:

The dividends received deduction (DRD) allows a company that earns dividends from another company, to deduct those earnings (dividends) from its income tax.

The three tiers of possible deductions are:

If the company owns ≤20% of the second company, it can deduct 70% of the dividends received.
If the company owns ˃20% but ≤80% of the second company, it can deduct 80% of the dividends received.
If the company owns ˃80% of the second company, it can deduct 100% of the dividends received.

Since Crimson owned 15% of the second company, then it can deduct 70% of the dividends it received, which equals $21,000 ($30,000 x 70%).

5 0

3 years ago

you want to buy a house for $216,500. you can get a loan for 90% of value. you will also have to pay 1.5 points on the loan. if

Stells [14]

The amount the borrower would deliver at closing is $21,974.75

What does 1.5 points mean for mortgage?

The 1.5 points refer to 1.5% of the loan amount, as a result, the total amount the borrower would have to deliver at closing is the down payment of 10%(100%-90%) plus 1.5% of the loan amount

loan amount=purchase price*90%

purchase price=$216,500

loan amount=$216,500*90%

loan amount=$194,850

down payment=purchase price-loan amount

down payment=$216,500-$194,850

down payment=$21,650

1.5% of down payment=1.5%*$21,650

1.5% of down payment=$324.75

total payment at closing=$21,650+$324.75

total payment at closing=$21,974.75

Find out more about down payment on:brainly.com/question/22846480

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3 0

1 year ago