A recession is a time in an economy whereby trade and industrial activities is low.Economists believe that towards the end of this period is the best to start a business due to the following reasons: at this time things are more affordable as there is low circulation of money in the economy. Low-interest rates on loans thus credit is cheaper. Additionally, there will be less competition as the money is in the hands of few people during this time. Finally, many people want to save money and thus clients will be on the lookout for more affordable alternatives.
Answer: A. equal to marginal cost where it intersects the demand curve
Explanation:
In a pure competition, the market is efficient because it balances demand and supply and gives an equilibrium price that takes both of them into account.
In this market, the price is equal to the marginal revenue of a firm and the profit maximizing level of production is where the marginal revenue intersects the marginal cost.
The efficient level is therefore where price equals marginal cost. The same goes for a natural monopoly. If economic efficiency is to be achieved, the natural monopoly's price must equal the marginal cost at the equilibrium price.
Answer:
<em>The Accounting Cycle is as follows:</em>
<em>1. Transactions are analyzed and recorded in the journal.
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<em>2. Transactions are posted to the ledger.</em>
<em>3. An unadjusted trial balance is prepared.
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<em>4. Adjustment data are asssembled and analyzed.
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<em>5. An optional end-of-period spreadsheet is prepared.
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<em>6. Adjusting entries are journalized and posted to the ledger.
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<em>7. An adjusted trial balance is prepared.
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<em>8. Financial statements are prepared.
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<em>9. Closing entries are journalized and posted to the ledger.
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<em>10. A post-closing trial balance is prepared.
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Answer:
The correct answer is D that it is a record.
Explanation:
Record is the term which is described as keeping a track of the items which is necessary for the business by recording them and can be use a proof if something wrong happen in the business.
So, keeping the documents as well as the receipts on the servers, under the UETA, information which is inscribed, stored in any form is a record.
Answer: Consumer price index
Explanation: A Consumer Price Index measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically
