Answer:
a and b
Explanation:
A perfect or pure competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Due to maximum competition in a pure competition, it is the lowest cost to the buyer.
Pure competition is efficient because, goods are priced at equilibrum
<span>To calculate for the amount that the Ortega company should sell their computer hard drives, we have to sum up or add up the market price and the profit they want. The total is equivalent to $72. Although selling at this price will guarantee them the desirable profit per piece, it is to be noted that the market is in tight competition so they may opt to lower down the price. </span>
Answer:
B. debit Notes Receivable for the face value of the note.
Explanation:
Whenever a note is receivable, it is an asset as the amount will be collected in the future, that is with exchange of such asset there is a benefit defined in terms of cash to be received by the the company.
Therefore, it will be a debit and not the credit.
Whenever a notes receivables with interest bearing element is received then the asset is carried at face value, that is recorded at face value.
As the interest to be received is part of income and not asset, therefore, notes receivables will be recorded at face value.
The correct option is:
B. debit Notes Receivable for the face value of the note.
Answer:
The payback period ignores the time value of money.
Explanation:
The Payback period calculates the amount of time it takes to recover the amount invested in a project from its cumulative cash flows.
The shorter the payback period, the more desirable a project is.
The company determines the maximum pay back period, it can be a year or more than a year of even less.
The Payback period doesn't account for the time value of money. The discounted playback period corrects for this limitation.
The Payback period method ignores cash flows after the payback period has been reached.
I hope my answer helps you
Explanation:
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