Payments is the correct word for the blank
Answer:
The number of equivalent units using the weighted-average method is 185,000.
Explanation:
Determine the number of units completed and transferred out.
Number of units completed and transferred out = Units in beginning
+ Units started and completed during the month
=35,000+110,000
=145,000
Therefore, the number of units completed and transferred out is 145,000 units.
It is given that the beginning units completed is 35,000, and the units started and completed are 110,000. They are added to calculate the number of units completed and transferred out. Therefore, the number of units completed and transferred out is 145,000 units.
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Determine the number of equivalent units using the weighted-average method.
Equivalent units = Number of units completed and transferred out + Additional units in process ×Percentagecompleted
=145,000+(40,000×100%)
=185,000
Answer:
1. c. has no control over the price it pays, or receives,in the market
2. c. firms are at the mercy of market forces.
3. buyers can expect to find consistently low prices and wide availability of the good that they want.
Explanation:
A competitive market has the following characteristics.
1. Firms are price takers. They do not set the price for their goods and services. They accept the price set by market forces. Price is set where the demand curve intersects the supply curve.
2. There are no product differentiation. All sellers sell identical goods and services.
3. There are no barriers to entry or exit of firms in the industry.
4. Firms make zero economic profit in the long run.
5. There are many sellers and buyers.
I hope my answer helps you.
Answer: d. Reference group
A reference group refers to a group of people who are used as yardsticks by individuals for their own self assessment. The self assessment is made with respect to attitudes, behaviour, tastes, beliefs, preferences or values.
When the cast of a show appeared in a TV ad feature for purposes, the cast became a reference group for the purse and the fans quickly purchased the purse, resulting in higher sales.