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makkiz [27]
2 years ago
10

In a perfectly competitive market, all producers sell very different goods or services. additionally, there are many buyers and

sellers. because of these two characteristics, both buyers and sellers in perfectly competitive markets are pricemakers . true or false: the market for public utilities, like gas and electricity, does not exhibit the two primary characteristics that define perfectly competitive markets.
Business
1 answer:
seropon [69]2 years ago
3 0
Pretty sure it's false because there is some competition between electric and gas companies.
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What are the various methods of collecting data? Explain with suitable example​
Reil [10]

Answer:

Mark my answer brainliest

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2 years ago
If Toys R Us and FAO Schwartz decided to join to form one company this activity would be called a(n)
Marianna [84]
This would be called a merger
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2 years ago
The Skulls, a student social organization, has two different locations under consideration for constructing a new chapter house.
dangina [55]

Answer:

The Skulls

The location that Skulls should select is:

Alpha Avenue.

Explanation:

a) Data and Calculations:

Estimated number of persons living in this new chapter house = 30

                    Fixed       Variable                   Total Cost

Alpha Ave. $5,000       $200 per person     $11,000

Beta Blvd.  $8,000        $150 per person    $12,500

b) The location that Skulls should select must minimize the total cost.  The location which meets this criterion is Alpha Avenue, with a total cost of $11,000.  This is purely because of the number of persons living in the chapter house.  Assuming that this number would increase, then it may be considered economically better to choose the Beta Boulevard instead of the Alpha Avenue.

7 0
3 years ago
You can choose between Machine A or B. Your annual interest rate is 7%. You need a machine for 6 years (required service period)
dedylja [7]

Answer:

M1 EAC =  38,576.91

M2 EAC = 29,784.89

Explanation:

The equivalent annual cost is the PMT of the present worh of the machine/investment.

<em>Machine A</em>

54,000 at year 0 then 54,000 at beginning of year 4th

and 18,000 per year

We need to bering into present the 54,000 of the fourth year

the 18,000 are already split into each year.

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  54,000

time   3 (it is done at the beginning of the 4th year not at the end of it)

rate  0.07

\frac{54000}{(1 + 0.07)^{3} } = PV  

PV   44,080.09

54,000 + 44,080.09 = 98,080.09

Then we calculate the PMT

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  $98,080.09

time 6 years

rate         0.07

98080.09 \div \frac{1-(1+0.07)^{-6} }{0.07} = C\\

C  $ 20,576.791

Now we add the annual cost of 18,000

getting 38,576.79 as annual equivalent cost ofr machine 1

<u>For machine B</u>

anual cost of 13,000

purchase of 92,000

and 18,000 salvage value at end of year 6:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  18,000.00

time   6.00

rate  0.07

\frac{18000}{(1 + 0.07)^{6} } = PV  

PV   11,994.16

This is positive as is a cash inflow.

net worth: 92,000 - 11,994.16

net worth: 80.005,84‬

Now, we solve for PMT:

80005.84 \div \frac{1-(1+0.07)^{-6} }{0.07} = C\\

C  $ 16,784.889

add the yearly maintenance cost of  13,000

Equivalent Annual Cost: 29,784.89

7 0
3 years ago
If the premium had been $9,888 for a two-year period, how should the prepaid amount at December 31, 2019, be reported on the bal
Anestetic [448]

Answer:

The prepaid amount of $4,944 ($9,888/2) should be reported as Prepaid Insurance in the Current Assets side after the Accounts Receivable balance.

Explanation:

Prepaid expense is one of the items adjusted at the end of the accounting period.  The purpose is to remove the prepaid element from the total amount so that only expenses relating to the current period are reported in the current period's income statement.  This is in line with the accrual concept and the matching principle of generally accepted accounting principles.  These require that expenses and revenue are matched to the period under which the expenses are incurred or the revenue earned, and that expenses are matched to the revenues they generated, and vice versa.

3 0
3 years ago
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