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Alexxx [7]
3 years ago
12

What are the differences between the​ long-run equilibrium of a perfectly competitive firm and the​ long-run equilibrium of a mo

nopolistically competitive​ firm?
Unlike perfectly competitive firms, in the long run monopolistically competitive firms ______.
Business
1 answer:
Vadim26 [7]3 years ago
6 0

Answer:

Unlike perfectly competitive firms, in the long run monopolistically competitive firms face excess capacity or unused capacity. They produced at a higher cost which implies wastage of resources or under-utilization of resources.

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Unscramble the vocabulary word from chapter 12: tubdeg
vredina [299]

Answer: budget

Explanation:

6 0
2 years ago
Juan Foods pays off a long-term debt in full. Which one of the following statements best describes the appropriate book-keeping
tankabanditka [31]

Answer:

Debit long-term debt; Credit cash.

Explanation:

The Journal Entry is shown below:-

Long term Dr, XXXXXXXX

To Cash

(being long term is recorded)

Long-term debt is a liability which usually has a credit balance. Therefore, until the long-term debt is entirely repaid, the long-term debt account has to be debited to pay it off entirely from the account books. In another hand, the cash account has to be paid, because there is a cash outflow.

7 0
3 years ago
The par value of common stock must always be equal to its market value on the date the stock is issued.
Lemur [1.5K]

TRUE, the par value of the common stock must always be equal to its market value on the date the stock is issued

The par value of the common stock must always equal the market price on the date the stock was issued. The issuance of common stock affects both paid-in capital and retained earnings. If the preferred stock has a par value of $50 and the dividend is estimated at 8%, the dividend per share will be $4.

Par value is the value of one share of common stock as set forth in the company's articles of incorporation. It usually has nothing to do with the actual value of the stock. In reality it is often lower. Share certificates issued against the shares purchased show the par value. When approving shares, the company can choose whether to assign a par value.

Learn more about par value here:brainly.com/question/25765493

#SPJ4

5 0
2 years ago
A disbursement voucher contains
kykrilka [37]

Answer:

A

the net payment amount after deducting applicable discounts and allowances.

Explanation:

It is a document or form made to authorize the writting of a check in favor of a third party. the departmetn in charge will approve the payment and emit this document for the net amount that is, free of discount allowance or adding adidtional charges or freights.

8 0
2 years ago
Read 2 more answers
Jeremy Corporation estimated manufacturing overhead costs for the year to be $500,000. Jeremy also estimated 8,000 machine hours
Crank

Answer:

Allocated overhead= $375

Explanation:

Giving the following information:

Jeremy Corporation estimated manufacturing overhead costs for the year to be $500,000. Jeremy also estimated 8,000 machine hours and 2,000 direct labor hours for the year. It bases the predetermined overhead allocation rate on machine hours.

On January 31, Job 25 was completed. It required 6 machine hours and 1 direct labor hour.

First, we need to calculate the predetermined overhead rate:

predetermined overhead rate= total estimated overhead for the period/ total amount of allocation base

predetermined overhead rate= 500,000/8000= $62.5 per machine hour

Allocated overhead= predetermined overhead rate* actual hours= 62.5* 6= $375

4 0
3 years ago
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