This is true. You can use the acronym FANBOYS to remember <span />
That statement is false
Some of the database transaction could be recorded as soon as the transaction happen. Some companies may adopt different financial recording policy for their operation. It's not rare to see a company that will acknowledge transaction as soon as it happen so they could create a more accurate view about their company's financial position.
Answer:
The correct answer is all of the above
Explanation:
Scrap or the rework costs are the costs which is incurred in order to repair the items that are defective. And the decision to rework or scrap an item or product, ground on the benefits or advantage of the incremental costs.
If the reworked units generate or yield greater advantage or benefit rather than the selling them as scrap, then the decision to rework will be considered.
And if the decision of rework is taken, then the management should consider the incremental costs, revenue or profit from selling the defective units as scarp and the lost profit on selling and making the new units while the rework is performed.
Answer:
a higher price and produce a smaller output than a competitive firm
Explanation:
A monpolistically competitive firm is a firm that :
1. Sells differentiated products from other firms in the industry.
2. Has many buyers and sellers
3. Is a price maker
4. Has no barrier to entry or exist of firms
An example of a monpolistically competitive firm is a resturant.
A competitive firm is a firm that:
1. Sells identical goods with other firms in the industry.
2. Is a price taker . Prices are set by forces of demand and supply
3. Has many buyers and sellers
4. There are no barriers to entry or exist of firms.
When a monopolistic and competition firm are faced with the same unit cost, a monopolistic firm would aim to earn profit by increasing its price and reducing the quantity produced.
While a perfect competition would sell at the price set by the forces of demand and supply. The firm can increase the quantity produced in order to increase revenue.
A monopolistic firm is able to charge a higher price for its products while a perfect competition isn't.
Answer:
22.13%
Explanation:
The effective annual rate formula below can be used to determine the actual rate charged by the bank as follows:
Effective annual rate=(1+APR/n)^n-1
APR=20%
n=number of times interest is computed yearly=365
Effective annual rate=(1+20%/365)^365-1
Effective annual rate=1.221335858
-1
Effective annual rate=22.13%
The actual rate of interest on bank loan is 22.13%
