If the price of a good produced by a competitive firm increases, then the total revenue of the firm will decrease with the decrease in the quantity sold.
<h3>What is the effect of increase the price under the competitive firm?</h3>
The perfect competitive firm is defined as the competitive firm, means there are many firms present in the industry that sell same commodity at same price.
If any firm increases the prices of their product in the market, its revenue also decreases as the another firms sell the same product at the same price. As a result of that, the total revenue of the firm will increase.
Therefore, the If the price of a good produced by a competitive firm rises, the total revenue of the firm will fall as the quantity sold decreases.
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Initially, a bankers' acceptance is essentially a postdated check.
<h3>What is postdated check?</h3>
- A post-dated check is one that has been written by the drawer for a future date and is used in banking. Depending on the nation, a post-dated cheque may be cashed or deposited prior to the date printed on it.
- A check can be postdated by writing one for a later date rather than the one it was written on.
- Usually, the goal is for the check recipient to hold off on cashing or depositing the check until the date that has been mentioned in the future.
- In addition to postdating checks, there are additional options to give yourself extra time to obtain the required amounts to deposit checks in your account.
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Answer:
a set of three hierarchical models used to classify learning objectives into levels of complexity and specificity
Answer:
C) $3,090,000.
Explanation:
The married couple can give to each son or daughter $26,000 per year x 2 children x 5 years = $260,000
The married couple can give to each grandson or granddaughter $26,000 per year x 5 grandchildren x 5 years = $650,000
Their total tax free gifts = $260,000 + $650,000 = $910,000, so their estate will reduce to: $4,000,000 - $910,000 = $3,090,000
Answer:
Explanation:
The journal entries are shown below:
a)
Investment in bonds Dr A/c$120000
Interest receivable Dr A/c$ 1000
To Cash A/c $121000
(purchased of 5% bonds with accrued interest of $1000 on the bonds for cash is recorded)
b)
Cash Dr. A/c $3000 ($120,000 × 5% × 6 months ÷ 12 months)
To Interest receivable A/c $1000
To Interest Revenue A/c $2000
(Being the first semiannual interest payment is received)
c) Cash Dr A/c $61100 ($60,000 × 101 + $500)
To Investment in bonds $60000
To Interest Revenue $ 500
To Gain in sale of investment $600
( Being the sale of bond with accrued interest of $500 is recorded and the remaining amount will be credited to the gain in sale of investment)