A.
None of the other answers make sense.
Critical thinking involves deep thought into a problem while also factoring other events into play.
Explanation:
When a new partner is admitted a new agreement is formed and thus the firm is reconstituted.
Answer:
Return on equity.
Explanation:
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
The financial ratio that measures the accounting profit per dollar of book equity is referred to as the return on equity. It is calculated by dividing the net income with the shareholder's equity at a specific period of time
Answer: Gemma took a <em>values inventory </em>in her career explorations class. This indicated to Gemma that money and status may mean a lot to her, but she also finds it healthy to maintain a work-life balance. The correct answer is B.
Explanation:
A values inventory is commonly given in school to help a student with their career goals. They are usually given a personality inventory, an aptitude assessment, and an interest inventory.
The values inventory worksheet has two separate sets of questions about life values and work values. On this worksheet, the student must choose from the columns of "must have, would like, and least important."
A few of the life values a student has to choose from are listed below.
1.) Being Healthy as can be.
2.) Having a happy family life
3.) Having a high status and prestige
4.) Having material possessions in life.
A few of the work values a student has to choose from are listed below.
1.) Being a leader at work.
2.) Working as a team member.
3.) Having experiences that are creative.
4.) Having job security.
Answer:
Option (a) and (b) are considered or correct.
Explanation:
Under the following two conditions, a firm in a perfectly competitive market produces at a point where the marginal revenue is equal to the marginal cost:
(i) Minimum AVC < Price < minimum ATC : Yes
In this case, a firm may suffer a loss but it will be able to cover its minimum average variable cost. Hence, this firm continue operating in this market and if he shut down its operation then he may suffer a larger loss. Therefore, it chooses to continue operating under this market conditions.
(ii) Price > minimum ATC : Yes
In this case, the price received by the seller is greater than the minimum average total cost. Therefore, the firm is able to cover all of its cost of production and earning an economic profit. Hence, it obviously chooses to continue its operation.
The third option is not considered here because in this case, the firm won't be able to cover its variable cost.
