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3 years ago

Under perfect competition what sets the equilibrium price in the market

Business

1 answer:

Dahasolnce [82]3 years ago

3 0

I believe it is the point where marginal cost equals marginal revenue.

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What is the historical development of accounting

Vaselesa [24]

Answer:

Accounting history dates back to ancient civilizations in Mesopotamia, Egypt, and Babylon. For example, during the Roman Empire the government had detailed records of their finances. However, modern accounting as a profession has only been around since the early 19th century. The earliest accounting records were found over 7,000 years ago among the ruins of Ancient Mesopotamia. At the time, people relied on accounting to keep a record of crop and herd growth.

Explanation:

4 0

3 years ago

You have been given the following information for Nicole's Neckties Corp.: Net sales = $2,500,000; Cost of goods sold = $1,300,0

Finger [1]

Answer:

$360,000

Explanation:

Net sales : $2,500,000

Cost of goods sold : ($1,300,000)

Gross profit : $ 1,200,000

Interest expense : ($50,000)

Net profit : $ 1, 150,000

Retained earning: ($30,000)

Dividends paid : ($300,000)

Tax at 40%: =40% * $1,150,000

($460,000)

Depreciation expense : $360,000

6 0

3 years ago

The number of defects after a hotel room cleaning (sheets not straight, smears on a mirror, missed debris on the carpet, etc) sh

boyakko [2]

Answer:

The correct answer is d. c-chart.

Explanation:

C-charts are used to control the number of defects in a sample of the product or inspection unit. Then, to control this process, an inspector is placed at the end of the production line and every hour removes an inspection unit (in this case a cell phone), verifies and records the total number of defects.

6 0

3 years ago

In the rule-making process, the legislature allows executive agencies wide latitude to make decisions within the broad requireme

abruzzese [7]

Answer:

<em>Discretion</em>

Explanation:

In the legal system, <em>discretion is most often described as a judge's ability to choose where, how and how severely a person who has been convicted should be sentenced.</em>

An individual decides to use his or her options and decides what to use, whether he or she is a police officer who arrests a person on the street (criminal) or expels someone from an apartment (civil) or anywhere between.

There are some cases overruling or undermining the rule of law by imposing control.

Nevertheless, legislation can not be written without discretion, so the rule of law helps to direct discretion against societal expectations, standards and, at least in part, public interest.

5 0

3 years ago

Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,400 at the end of each of the n

BigorU [14]

Answer:

$3,315.13

Explanation:

To determine the amount of inheritance Marshall should invest today, we have to calculate the present value of $5,400.

PV = FV (1 + r)^-n

FV = Future value = $5,400

P = Present value

R = interest rate 5%

N = number of years 10

$5400(1.05^-10) = $3,315.13

I hope my answer helps you

3 0

3 years ago