Answer:
The answer is true.
Explanation:
The sellers in the perfectly competitive market become price takers as they have to sell under the price decided in the market through supply and demand.
This is mainly because there is no way to differentiate the product to change the price. Since all goods are identical, one good is a perfect substitute for another.
<span>This is the federal funds rate. These loans are very-short term, mostly on an overnight basis. These are the reserve funds that banks keep on their books as a requirement of the Federal Reserve. The excess funds held by some institutions are then loaned out to institutions that cannot meet their reserve requirements for that business day.</span>
Allows you to control the speed and even add sound.
Answer:
Growth rate = 12.75%
Next year earnings = $38,425,200
Explanation:
Data provided in the question:
Earnings = $34.08
Firm’s return on equity = 17%
Retention rate = 75%
Now,
Growth rate = [ Retention rate ] × [ Return on equity ]
= 0.75 × 0.17
= 0.1275
or
= 0.1275 × 100%
= 12.75%
Next year earnings = Earnings × ( 1 + Growth rate )
= $34.08 million × ( 1 + 0.1275 )
= $38.4252 million
= $38,425,200
Answer:
The amount of cash received from this sale on July 24 is $1940.
Explanation:
The sell of merchandise on July 15 will result in an increase in sales revenue of $3800 and accounts receivables of $3800. The entry would be,
July 15 Accounts receivable $3800 Dr
Sales revenue $3800 Cr
The sales return of $1800 will reduce the amount of accounts receivables. The amount of accounts receivables outstanding and eligible to receive payment from will be (3800 - 1800) = $2000
The accounts receivables are offered a 3% discount if they pay within the 10 days of sale. On July 24, the payment is received within discount period and the discount allowed will be,
Discount allowed = 2000 * 0.03 = $60
The cash received will be $2000 - $60 = $1940