Answer:
See attachment for detailed answer.
Explanation:
In the long run, a representative firm in a monopolistically competitive industry will end up <span>earning a normal profit, but not an economic profit.
Monopolistic competition is imperfect competition where many producers sell products that differentiate from each other in ways like quality and branding. Because they differ in these ways, there are no perfect substitute for another producers product.
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Answer: Assets = Liabilities + Stockholders Equity.
Explanation: Assets refers to the resources owned by a firm for operating its business. Equity refers to the amount of fund invested in the business by the shareholders and liabilities are the obligations of the business.
Thus, it is assumed that every asset that an organisation owns is either purchased by the funds that belongs to the shareholders or on credit by taking liabilities into account.
Hence, from the above we can conclude that ,Assets = Liabilities + Stockholders Equity, correctly depicts the accounting equation.
The stylist would win. The contract modification is enforceable because it is supported by additional consideration for both parties--Sally gets the highlights that had not been included in the original contract for the cut, and the stylist gets the additional money.
Answer:
d. long-term relationships and commitments.
Explanation:
- A lean system is a systematic approach that is used to identity and to eliminates of the wastes and the non-values added activity though the employee developments and continue improvements in all the structures and services.
- They precisely specify the values of the products and identity the long terms values and relationships and have commitments.