Answer:
$40 and $20
Explanation:
Based on the information provided within the question it can be said that in this scenario there would be two sets of standards. The first would be the international accounting standards which recognizes the midpoint of the range, which in this case is $40. While the second is the U.S standard which recognizes the low point of the range, which in this case is $20.
- a date ( day\month/year)
- a place or location
- time of the meeting
- a description of the reason for meeting and what will happen at the meeting ( also who will be at the meeting)
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Answer:
a. downward sloping
b. decrease
c. decrease
Explanation:
Monopolistic competition is a type of imperfect competition:
Companies do not have the monopoly market power but they do have some market power.
Behavior
:
As in the other models already analyzed, these companies seek to maximize their profit, which will lead them to set their level of activity at the cut-off point of the marginal revenue and marginal cost curve.
Once this level of activity has been determined, the price will be determined by the demand curve.
Therefore, in a monopolistic competition market, the company produces in the descending section of its average total cost curve, while in competitive markets it produces at the minimum point of its average total cost curve.
Monopolistically competitive companies produce below the efficient scale. This lower activity means that, unlike the perfectly competitive market, the total profit is not maximized.
Answer:
$501,000
Explanation:
The statement of cash flows has 3 major sections for the activities of a business. These are operating, investing and financing.
The operating section is where the net profit, non-cash items and movements within the current assets and liabilities are dealt with.
The non-cash items considered in the income statement when computing the net income are added or subtracted back (considering the initial treatment in the income statement). An increase in assets other than cash in cash flow statement is an outflow while dividend paid is a financing activity.
net income + $30,000 - $36,000 = $495,000
Net income = $495,000 - $30,000 + $36,000
= $501,000
