Answer:
sell any quantity it wishes at the prevailing market price
Explanation:
A perfect market for competition is a market which has a high degree of competition.
It has the following features
1. With regard to the market, information is great in this rivalry between producer and customer.
2. Free entrance, and exit
3. Deals with same or homogeneous products
4. The buyers and sellers are more in this market
5 There is no transport cost exist
Plus we know that demand curve for perfectly competitive firm is elastic as the firm is price taker and reflected in a horizontal line
Hence, the last option is correct
Answer:
I'm pretty sure it b, and if it's not I am so srry
Answer: C. 1200 hour
Explanation:
It is indeed 1200 hours because the units produced increased by 20% and therefore, theoretically, so should the time.
What are the sequence of traditional law of production
Answer:
Explanation:
The journal entry is shown below:
On September 30
Bonds payable A/c Dr $1,000,000
Loss on bond retirement A/c Dr $20,000
To Discount on Bond A/c $10,000
To Cash A/c $1,010,000
(Being the callable bond is recorded)
The computation is shown below:
For cash
= Par value of bond + Premium
= $1,000,000 + $10,000
= $1,010,000
For Loss, it would be
= $1,010,000 - $990,000
= $20,000
And, the remaining amount would be transferred to discount on bond
