Answer:
The price is determined by government intervention and dictated to buyers anti sellers each buyer and teller knows it it illegal to conspire to affect price.
Explanation:
A perfectly competitive firm is a price taker, which implies that it must acknowledge the equilibrium price at which it sells products. In the event that a perfectly competitive firm attempts to charge even a modest sum more than the market price, it will be not able make any sales.
Answer:
ending cash balance 62,000
Explanation:
<u>operating activities:</u>
services on cash 8,000
collected from AR 51,000
paid to supplies (22,000)
rent paid (6,500)
supplies paid (1,200)
cash generated from operating: 29,300
<u />
<u>financing activities:</u>
issuance of stock 30,000
cash dividends paid (4,000)
cash generated from financing: 26,000
cash generated during the year: 55,300
beginning cash balance <u> 6, 700 </u>
ending cash balance 62,000
Answer:
Mr. Smith’s rental expense for this insurance policy is
A. $30
Explanation:
Premiun 360
N 3
year 120
From July to December 60
Duplex insurance e/one 30
Answer:
In this case, the differential cost os $18.
Explanation:
<u>The differential cost is the increase in unitary or total production value in two or more steps of the decision-making process. </u>In this case, the unitary cost of product B is not a differential cost. It would remain constant in both products, but, the additional $18 is a cost incurred only in product C.
In this case, the differential cost os $18.
Answer: B. 100
Explanation:
To find this out, we shall assume that the number of checks that should be written for the two accounts to cost the same will be x.
The cost of Account A assuming x number of checks is:
= 3 + 0.02x
For Account B this is:
= 2 + 0.03x
Equate both expressions:
3 + 0.02x = 2 + 0.03x
3 - 2 = 0.03x - 0.02x
0.01x = 1
x = 1 / 0.01
x = 100 checks
