Answer:
Conglomerate
Explanation:
A conglomerate is a company that consists of many separate , independent entities. One corporation holds a majority interest in smaller businesses in a corporation, each of which performs business activities separately.
Answer:
summing horizontally the segments of the MC curves lying above the AVC curve for all firms.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
The short-run supply curve for a purely competitive industry can be found by summing horizontally the segments of the marginal cost (MC) curves lying above the average variable cost (AVC) curve for all firms.
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.
Answer:
Cash 11,750 debit
Common Stock 11,750 credit
Supplies 341 debit
Cash 341 credit
Equipment 6,489 debit
Accounts Payable 6,489 credit
Cash 1,387 debit
Fees Earned 1,387 credit
Accounts Payable 6,498 debit
Cash 6,498 credit
Cash 2,491 debit
Fees Earned 2,491 credit
rent expense 525 debit
Cash 525 credit
Cash 1,046 debit
Accounts Receivables 1,046 credit
Dividends 1,000 debit
Cash 1,000 credit
Cash T-accounts
<u>Debit Credit </u>
11750
341
1387
6498
2491
525
1046
1000
<u> 16674 8364 </u>
Bal 8310
Explanation:
To record journal entries we should always make sure debit colum equals credit column.
Also, each account can only be used one time per entry and with one value.
The T-account represent all the movement of an account.
We list each debit and credit made to that account in the course of the accounting cycle.
Then we calcualte the difference and determinated the balance.
Alrighty thanks for the information
