A purely competitive industry has a very <u>large </u>number of sellers, whereas the other three market structures reflect a progressively <u>smaller </u>or <u>decreasing </u>number of sellers.
What are three examples of a market that is only competitive?
Agrarian goods like corn, wheat, and soybeans are excellent examples of a market that is purely competitive. Monopolistic competition is similar to pure competition in that it has few barriers to entry and many suppliers.
What exactly is a product whose market is only competitive?
The characteristics of a market with pure competition the products that are sold are identical. Every seller is the same. It is simple for new businesses to enter the market. Products are priced according to what customers are willing to pay.
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The equity on the balance sheet that contribute to total stockholder’s equity for the corporation are:
- stockholders' equity
- owner's equity
<h3>What is a
total stockholder’s equity?</h3>
The total stockholders' equity means the total value of assets that remains in a business after all the total liabilities have been settled.
However, the stockholders' equity is the most important for rewarding stockholder investment because it is the basis at which a dividend for the stockholder will be calculated.
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Answer:
(A)cannot be physically possessed
Explanation:
A service is any intangible offering that involves a deed, performance, or effort that cannot be physically possessed.
A service is a transaction in which no physical good is transferred to the buyer.
Some of the major properties of Services are:
- Intangibility
- Perishability
- Uniqueness
Examples of services are Education, Consultancy, Repair and maintenance services, Electricians, Plumbing
, Law enforcement (provides the service of identifying and apprehending criminals) etc.
Net cash provided by operating activities for the year is $265,000. $102,000. $242,000. $337,000 is :- <u>$265,000</u>
What is depreciation expense?
A fixed asset's share that has been deemed consumed in the current period is subject to depreciation expense. The cost is subsequently added to the expense list. With this charge, the carrying amount of fixed assets will be steadily decreased as their value is depleted over time. There is no cash outflow related to this item because it is non-monetary.
When an entry is made to the depreciation expenditure account, the contra asset account that offsets the fixed assets (asset) account is the accumulated depreciation account. Over the course of a fiscal year, the balance in the depreciation expenditure account grows; at year's end, the account is flushed out and its balance is reset to zero.
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Answer:
a)$16,894
Explanation:
The computation of his income is shown below:
= Wages + allocated tips for box 7 + tips that do not reported
= $16,400 + $350 + $144
= $16,894
We simply added the Wages, allocated tips for box 7, and tips that do not reported so that the exact value could come
All other information which is given is not relevant. Hence, ignored it
