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4 years ago

Which one of the following statements about the competitive market system is correct?

1 answer:

4 0

A. The competitive market system discourages innovation because firms want to get all the profits possible from existing machinery and equipment. :)

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On June 2nd, SEAkayak had the following details for its common stock: 1,000,000 shares authorized, 400,000 shares issued, and 40

kompoz [17]

Answer:

The authorized common stock shares remain 1,000,000 shares.

Explanation:

The authorized shares are not affected by movements in the shares, like issue of shares, repurchase, and resale of treasury stock shares. The authorized shares, therefore, represent the number of shares that the company is legally bound to issue without exceeding. The implication is that the company is free to issue shares less than or equal to the authorized shares, but it may not issue more than the authorized until it obtains a new authorization.

The movements are accounted for in separate accounts called Issued Common Stock Account and Treasury Stock Account. The treasury stock account is a contra account to the Common Stock.

3 0

3 years ago

Mark and Kate are establishing a fund for their son's college education. They would like $60,000 in the fund at the end of 10 ye

katen-ka-za [31]

Answer:

The lump sum amount to be deposited should be $27,020.67

Explanation:

Data provided in the question:

Future value = $60,000

Time, t = 10 years

Interest rate, r = 8% = 0.08

Compounded monthly i.e number of periods n = 12

Now,

Future value = Amount deposited × $\left( 1 + \frac{r}{n} \right)^{\Large{n \times t}}$

Therefore,

on substituting the respective values, we get

$60,000 = Amount deposited × $\left( 1 + \frac{0.08}{12} \right)^{\Large{12 \times 10}}$

$60,000 = Amount deposited × ( 1.00667 )¹²⁰

$60,000 = Amount deposited × 2.220522

Amount deposited = $60,000 ÷ 2.220522

Amount deposited = $27,020.67

Hence,

The lump sum amount to be deposited should be $27,020.67

7 0

3 years ago

Ashlynn heard that as a general rule, she should spend no more than one week's pay on rent. If Ashlynn's salary is $32,400 per y

Trava [24]

The answer is A.$623.

4 0

3 years ago

Read 2 more answers

Suppose the current price of a good is $195. At this price, the quantity supplied is 160 units, and the quantity demanded is 200

KonstantinChe [14]

• eqm Q = 175

• eqm P = $ 190

Explanation:

At current price, Quantity Demanded is less than Quantity supplied

As Qd = 200, Qs = 160

• so market is currently experiencing a deficiency, as Qd > Qs

•so to adjust, market price will incraese,

so that Quantity Demanded decrease & Quantity supplied increases, till Qd = Qs

• eqm Q = 175

• eqm P = $ 190

As if P falls by 1, then P = 194

Qd = 200 minus 5= 195

Qs = 160 plus 3= 163

If P = 193, Qd = 190, Qs = 166

If P = 191, Qd = 180, Qs = 172

P = 190, Qd = 175, Qs = 175

6 0

3 years ago

Which one of the following is not true concerning socializing in the workplace? A. Socializing can keep you from reaching y

postnew [5]

The correct answer is D. Socializing can actually increase productivity. Although socializing outside of work can be productive for the work itself later on, socializing in the workplace can deter you from working and can ultimately be bad for the company. If you're always running around form office to office having fun and not working you're not doing your company a favor.

6 0

3 years ago