Answer:
<h3>"I have felt dissatisfied on the job when I feel underpaid and overworked. I don't mind working hard at all, but I don't like to feel as though I'm being taken advantage of." "When I see success few and far between, it is very unmotivating for me. I am a hunter and a true salesperson</h3>
Answer:
a. 1.25
Explanation:
Calculation for the minimum process capability index (Cpk)
First step is to calculate the USL which is Upper Specification limit
Upper Specification limit=103+0.75
Upper Specification limit= 103.75
Second Step is to calculate the LSL which is Lower Specification limit
Lower Specification limit = 103-1.75
Lower Specification limit= 101.25
Last step is to calculate the minimum process capability index (Cpk) using this formula
Minimum Process capability index= [(M-LSL)/3sd; (USL-M)/3sd]
Where,
Actual Mean = M=103
Standard deviation= sd= 0.2
Hence,
Minimum Process capability index= 1.25
Therefore the minimum process capability index (Cpk) will be 1.25
I think the correct answer from the choices listed above is option B. In international financial transactions, the only two things that individuals and firms can exchange are <span>currency and currently produced goods and services. Hope this answers the question. Have a nice day.</span>
Answer:
a. Journal entry
b. $18,150
c. $586,850
Explanation:
a. The adjusting journal entry is as follows
Bad debt expense A/c Dr
To Allowance for doubtful debts
(Being bad debt expense is recorded)\
The computation of the bad debt expense is shown below:
= Account receivable × estimated percentage given + debit balance of allowance for uncollectible accounts
= $605,000 × 3% + $4,700
= $18,150 + $4,700
= $22,850
b. The adjusted balance in Allowance for Doubtful Accounts is $18,150
c. The cash realizable value is
= $605,0000 - $18,150
= $586,850
Answer:
c. there are no barriers preventing new firms from entering the market in the long run.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
In a perfectly competitive market in long-run equilibrium, a long-run equilibrium avails firms the opportunity to adjust all inputs and all fixed costs are maximized. Also, it's characterized by free entry and exit, as such there isn't a fixed number of firms. This simply means that, since the number of firms in a long-run equilibrium can change, a firm must exit the market as a result of losses i.e when the firm is unable to cover its fixed costs in the long-run while new firms are allowed entry into the market when it anticipates potential profits or gains.
However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.
In a nutshell, in the long run equilibrium P=MR=MC and P=AC.
Therefore, a typical firm in a perfectly competitive market earns zero economic in the long run because there are no barriers preventing new firms from entering the market in the long run.