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2 years ago

Consider a perfectly competitive market in which all firms have the same costs. Choose the statement that is incorrect.

Business

1 answer:

Furkat [3]2 years ago

3 0

Answer:

B. The market demand is perfectly elastic at the market price. °

Explanation:

As we know that in the case of perfect competitive market there is a big number of sellers and buyers who sells same kind of product, there is no entry and exit barriers also the firm is a price taker

In addition to this, the market price and output would be measured by the supply and demand force. The profit maximizing output for every firm would considered the market price with the prescribed output and at the time when firm is shutdown so the market price would below the average variable cost

So the option b is incorrect

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Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount repor

myrzilka [38]

Answer:

Specter Co.

The amount reported on the year-end balance sheet for cash and cash equivalents is:

= $31,100.

Explanation:

a) Data and Calculations:

Cash deposit in checking account = $16,000

Bond investment due in 20 years = $46,000

US Treasury bill due in 1 month = $11,500

3-year loan to an employee = $850

Currency and coins = $3,600

Accounts receivable $1,150

Cash and Cash Equivalents:

Cash deposit in checking account $16,000

US Treasury bill due in 1 month 11,500

Currency and coins 3,600

Total cash and cash equivalents = $31,100

b) Cash and Cash Equivalents are Specter's assets that are in the form of cash (currency and coins) and Specter's assets that can be readily converted into cash (Treasury bills and notes, commercial papers. certificates of deposit, money market funds, and cash management pools).

4 0

2 years ago

Which situation would normally involve long-term financing?

Firdavs [7]

Which of the following would normally involve long-term financing?

Purchase of modern equipment;
Long-term financing is used for major purchases that are financed for a time period greater than one year such as new product development, building or purchasing new facilities, and replacing capital equipment.

6 0

2 years ago

Garth’s Distributing contracted with Wally Co. to sell it bottled water for $20,000. The contract is silent about assignments. G

soldier1979 [14.2K]

Answer:

D. Zeta prevails, but only if the assignment is signed and in writing

Explanation:

Zeta prevails but only if the assignment is in writing and is signed.

If the assignment is express thereby and is signed by the parties in contract , then zeta can demand the amount from willy. Without any written consent and permission , willy cannot enforce the payment to zeta.

This is the best option in this case .

4 0

3 years ago

Performance, polygraph, or drug tests are?

Ivanshal [37]

I am not entirely sure what a performance test is, but I can help with the others. A polygraph is a machine, used usually if you are in legal trouble, to see if you are lying. While results aren't 100% accurate, you typically can get a gage for if someone committed a crime. They are also rarely used for interviews, some companies want to see if people are lying on their resumes. Drug tests are tests that are given to most people with a job, and especially sports players. Companies especially like to test people for drugs, to see if they might be on an illegal drug that could cause them to work less efficiently. It also is a liability issue for the company if an employee is on an illegal drug. Drug tests are typically done at a lab, and you usually have to pee in a cup and have it get tested.

8 0

3 years ago

The price component of a marketing mix is:

Murljashka [212]

Answer: the correct answer is a. a competitive weapon for companies

Explanation:

Pricing has an important role as a competitive weapon to help a business exploit market opportunities. Pricing also has to be consistent with the other elements of the marketing mix, since it contributes to the perception of a product or service by customers.

7 0

3 years ago