Answer:
Exit the market.
Explanation:
Suppose there are X firms in a competitive market and they are all making normal profits. If the demand for their products decreases, some of the firms will start to sell less, which will result in lower profits or even losses. In the long run, those firms that experience lower sales resulting in lower profits or losses, will exit the market. Once these firms exit the market, the quantity supplied should decrease, which will result in a price increase.
Answer:
d. Dr. Investment in Intel $450,000 Cr. Net unrealized holding gains/losses - (P&L) $450,000
Explanation:
Adjusting journal entry
Date Account titles and Explanation Debit Credit
Dec 31 Investment in Intel $450,000
[($23-$20)*150000 shares]
Net unrealized holding gains/losses (P&L) $450,000
Answer:
The correct solution is "6.09%".
Explanation:
Given:
Nominal rate,
= 6%
or,
= 0.06
As we know,
⇒ ![EAR = [(1+\frac{APR}{m} )^m]-1](https://tex.z-dn.net/?f=EAR%20%3D%20%5B%281%2B%5Cfrac%7BAPR%7D%7Bm%7D%20%29%5Em%5D-1)
By substituting the values, we get
![=[(1+\frac{0.06}{2} )^2]-1](https://tex.z-dn.net/?f=%3D%5B%281%2B%5Cfrac%7B0.06%7D%7B2%7D%20%29%5E2%5D-1)
![=[(1+0.03 )^2]-1](https://tex.z-dn.net/?f=%3D%5B%281%2B0.03%20%29%5E2%5D-1)
(%)
Answer:
The correct answer is $1,881,600
Explanation:
According to the scenario, the computation of the given data are as follows:
Unit sells = 10,000 units
Growth rate = 12%
Selling price = $150 per unit
Costing = $100 per unit
So, we can calculate the budget sales revenue by using following formula:
Budget sales unit for quarter 3 = (10,000 × 112%) × 112% = 12,544
So, budget sales amount for quarter 3 = 12,544 × $150
= $1,881,600
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