Answer:
$188,170
Explanation:
Cash collection in a month includes the collection of current and prior years's of credit sales.
Cash Collection for September is $188,170.
It includes 7% collection of July sales, It includes 35% collection of August sales and It includes 55% collection of September sales.
Schedule for Cash Collection is attached with this answer please find it.
Answer:
<u>Public choice</u>
Explanation:
The public choice theory of regulation recognizes the fact that individuals are driven by self interests so even in the case of regulators, self interests preside over public interests while framing decisions and policies.
The theory states that since the regulators themselves would be affected by the policies they frame, they will not come up with such policies and decisions which adversely affect them.
It disregards economic efficiency as the prime goal of regulatory bodies and lays emphasis on the fact that every individual first serves his own self interests and public interests take a backseat or are always secondary, while arriving at decisions or drafting policies.
Answer:
C. their individual price is equal to the market price.
Explanation:
Key takeaways for a perfect competitive market:
"The major types of market structure include monopoly, monopolistic competition, oligopoly, and perfect competition.
Perfect competition is an industry structure in which there are many firms producing homogeneous products. None of the firms are large enough to influence the industry.
The characteristics of a perfectly competitive market include insignificant contributions from the producers, homogenous products, perfect information about products, no transaction costs, and no long-term economic profits."
Reference: Boundless. “Perfect Competition” Lumen, 2019