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3 years ago

The income statement lists all the

Business

1 answer:

olchik [2.2K]3 years ago

6 0

Answer:

A. revenue and expense

Explanation:

An income statement is among the three important financial statements prepared by a business entity. It summarizes all incomes (revenues) and expenses (costs) of a company in a particular financial year. Total costs are subtracted from the total revenue to get the net income.

An income statement is prepared to show the profits of a business in a particular financial year. A positive net income indicates profits, while a negative net income denotes losses.

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Two firms, A and B, are situated next to a lake, and It costs each lakeside firm $4000 per period to use filters that avoid poll

Jlenok [28]

Answer:

we can prepare a matrix to determine the best strategy:

firm A

buy filter not buy filter

-$4,000 / -$3,000 /

buy filter -$4,000 -$7,000

firm B

not buy filter -$7,000 / -$6,000 /

-$3,000 -$6,000

Firm A's expected value for buying the filters = -$4,000 - $7,000 = -$11,000

Firm A's expected value for not buying the filters = -$3,000 - $6,000 = -$9,000 ⇒ LOWER EXPECTED COST = DOMINANT STRATEGY

Firm B has he same expected values as Firm A.

So both firms' dominant strategy is not to buy the filters, then both firms will probably not buy them. But that action will also result in the highest total cost = -$6,000 - $6,000 = - $12,000

In this situation the Nash equilibrium would be that both firms purchase the filters, but since the dominant strategies for both firms tell them not to, it will not happen.

5 0

3 years ago

Flat Economy is income that does not increase over time.

choli [55]

Answer:

True

Explanation:

I dunno it just kinda is. Flat economy is pretty simple.

8 0

4 years ago

A(n) _____ is used as a sidebar and contains additional information about a particular item mentioned within another element.

Maurinko [17]

A caption is used as a sidebar and contains additional information

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4 years ago

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A network security device that monitors incoming and outgoing network traffic and decides whether to allow or block specific tra

bekas [8.4K]

Answer:

Firewall.

Explanation:

Firewall can be defined as a network security device that monitors incoming and outgoing network traffic and decides whether to allow or block specific traffic based on a defined set of security rules.

Simply stated, a firewall is a network security protocol that monitors and controls inbound and outbound traffic based on set aside security rules.

A firewall is used to control access to a computer or network, as it creates a barrier between a computer or a network and the internet in order to protect against unauthorized access.

Basically, it is a network security device or security system pre-installed on most computers to essentially inspect data being transmitted to or from a computer.

Hence, firewalls are typically bidirectional, it checks all sent and received data and only allow authorized traffic through.

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3 years ago

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Explain why private ownership is a positive aspect of economic system

uysha [10]

Answer:

Private property and protection of property rights are important because it helps the economy deal with the issue of resource scarcity by ensuring its use is controlled through ownership. The private owner of a resource is expected to act in their self-interest to develop products

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4 years ago