<h2>Price is determined by the</h2><h2> intersection of market demand and market supply; individual firms do not have any influence on the market price in perfect competition. Once the market price has been determined by market supply and demand forces, individual firms become price takers.</h2>

Explanation:

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5 0

2 years ago

Select all that apply.

uysha [10]

Set goals, develop team structure, create a unified commitment.

3 0

3 years ago

Question 4

denis23 [38]

Answer:

B. Accounts Receivable

7 0

3 years ago

Read 2 more answers

On December 31, 20X5, Day Co. leased a new machine from Parr with the following pertinent information: Lease term 6 years Annual

ki77a [65]

Answer: $230,500

Explanation:

Based on the information given, to solve the question, we will use the interest rate of 12%. Since the present value factors have already been given, the lease liability to be recorded will then be:

= 50,000 × PV at 12%

= 50000 × 4.61

= $230,500

Therefore, At the beginning of the lease term, Day should record a lease liability of $230,500.

6 0

2 years ago