Answer:
Option (B) is correct
Explanation:
A perfectly competitive market is characterized by the following:
- Large number of buyers and sellers: The number of buyers and sellers is so large that the output by an individual seller is in an insignificant portion to the total output.
- Homogeneous Products: Firms produce exactly identical products in terms of shape, size, color and other product attributes.
- Freedom of entry and exit: There is no restriction in new firms joining in and old firms leaving the industry.
- Firms are price takers: The price in such a market is determined by the interaction of market forces of demand and supply by the industry and individual firms take this price as given.
In the given case, broadband providers control prices since there are only two broadband providers, hence not a competitive market form.
Similarly, Scholastik Inc represents a monopoly i.e single seller and mall stores do not sell exactly similar or homogeneous products.
Thus, only the scenario of dozen companies producing exactly same socks, perfect knowledge on part of both buyers and sellers and with freedom of entry of new firms, corresponds to perfectly competitive market form.
Answer and Explanation:
The adjusting entry is as follows;
Rent expense dr ($17,760 ÷ 6 months) $2,960
To prepaid rent $2,960
(being the rent expense is recorded)
Here the rent expense is debited as it increased the expense and credited the prepaid rent as it decreased the assets
Answer:
The one widely used method to make the net present values of Proposal F with a useful life of 6 years and Proposal J with a useful life of 9 years comparable is:
the NPV method.
Explanation:
Used in capital budgeting and investment planning, the Net Present Value (NPV) method discounts project F's and project J's future cash flows to their present values. The NPV method can be used to establish that some projects and investments are more profitable than others. The method can also indicate that the present dollar projected earnings generated by a project or an investment exceed the anticipated present dollar costs.
The automation can impact network management by:
- By establishing perfect network view.
- Easy access to network data
<h3>How can
automation can impact
network management?</h3>
By using automation programs, it make network management to be easy and direct because it improve the control that one has on the network.
With automation, it will be easier to access network data as well the performance reports.
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Answer:
1. not straight forward and would entail going back to the first stages.
2. it needs a lot of patience to gather information and resources.
3. the process is long
4. needs a lot of teamwork
Explanation:
Human Centered Design is the development of solutions that meets the needs of a particular group in the society.
The Human Design Process comprises of the following processes : Empathize, Defining the Problem, Ideate, Develop a prototype, test the Prototype and Develop the Product.
Some frustrations that arise with this process is that it is not straight forward and would entail going back to the first stages, it needs a lot of patience to gather information and resources, the process is long and needs a lot of teamwork as well.