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Tpy6a [65]
3 years ago
10

Suppose that a perfectly competitive industry is in long-run equilibrium. Every firm is producing at minimum average total cost,

and all firms are identical. Demand in this industry decreases.Which of the following will not occur in the short run?A. Firms will produce less.B. Firms will exit the industry.C. The price will fall.D. The industry will produce less.E. Profits will be negative.
Business
1 answer:
elixir [45]3 years ago
7 0

Answer:

B. firms will exit the industry

Explanation:

When the firms is producing at the minimum average total cost, the amount of profit margin that they get tend to be high. This means that they can fulfill their target profit even by producing less amount of product.

Even when the demand in the market is decreased, Such firms will most likely accumulated enough profit to survive for a long period of time before they go bankrupt. This is why the firms is very unlikely to exist the industry in a short run.

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Tidy Service Company performed cleaning services during December 2019, but had not collected any cash from its customers as of D
vredina [299]

Answer:

The service increased assets and increased stockholders' equity

Explanation:

Based on the information given the impact that

did performing these services have on the accounting equation will be THE SERVICE INCREASED ASSETS AND INCREASED STOCKHOLDERS' EQUITY reason been that

when Performing the services will help to generate revenue,

5 0
3 years ago
How is a traditional work week different than a compressed work week?
galben [10]
A compressed workweek<span> has you working 40 hours in fewer </span>than<span> five days. The most widely used schedule is 10 hour days for four days a week.</span>
6 0
3 years ago
Your company has been bought out by another company. In the acquisition, you have been asked to leave the company and as severan
expeople1 [14]

Answer:

$614,457

Explanation:

The present value of the annual cash inflow of $100,000 for ten years can be found by the following formula:

Present Value  = Annual Cash Inflow * Annuity Factor (Step 1)

Here

annuity Factor at 10% for 10 years time is

By putting values we have:

Present Value = $100,000 × 6.14457 = $614,457

Step 1 : Annuity Factor

Annuity Factor = (1 - (1 + r)^-n) / r

Here r is 10% and n is 10 years.

So by putting values, we have:

Annuity Factor = (1 - (1 + 10%)^-10) / 10%   =  6.14457

8 0
3 years ago
Jerome is afraid of the ocean. In order to help him overcome his fear, Jerome’s therapist suggests that they immediately go swim
Ostrovityanka [42]

Answer:

Exposure technique

Explanation:

Exposure technique -

It is the therapy or the methodology for the treatment of treat anxiety disorders . This therapy involves the exposure of the patient to the source of anxiety with full protection , to avoid any danger to the patient . This helps to overcome the problem of distress and anxiety .

Hence , from the data of the question , Jerome has a fear of water and therefore the   therapist suggests to swim in water for 30 mints to relieve his fear and anxiety issue .

3 0
3 years ago
What would be the effect on the accounts if the business purchased equipment on account?
Serjik [45]

Answer:

A. An asset would be debited and a Liability credited.

Explanation:

Purchasing on account means buying on credit. The debts of the business increase. As a result,  liabilities increase.

Equipment is a business asset. Purchasing equipment increases assets.

In the double-entry accounting system, An increase in an asset is recorded by debiting the asset account. An increase in liabilities is captured by crediting the liabilities account.

3 0
3 years ago
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