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Strike441 [17]
3 years ago
11

Hello? kingston? are you there?

Business
1 answer:
sineoko [7]3 years ago
5 0
Yes ma’am what can I do for you
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When some firms enter a perfectly competitive industry in which firms are earning an economic profit, the short-run industry sup
inn [45]

Answer: Supply curve -  Increases rightwards  

               Market Price - Falls  

               Economic Profit - Decreases

Explanation: Perfect Competition market structure is with large number of buyers & sellers , homogeneous products & uniform prices , perfect information and free entry and exit.

'Free Entry and Exit' implies - no firm earns super normal (economic) profits or abnormal losses in long run.                                                                        When firms are earning economic profits in short run, new firms enter (because of free entry) & the industry supply increase reducing price , which further reduces the super normal profits to normal profits in long run. Similarly - Abnormal losses make firms exit (freely), reduce supply & increase price , hence reducing abnormal losses & resuming normal profits.

7 0
3 years ago
All of the following statements are correct about management by exception except it
noname [10]

Answer:

<u>means that management has to investigate every budget difference.</u>

Explanation:

  • Management has an exception as the practice f examining the financial and operational results of a business. Only bringing the issues to the attention of management when substantial differences in budgets or within the expected amount.
  • The concept assumes that business managers handle cases that derive them from the norms and have the main disadvantage of calculation mistakes that results from a large variety of data and finding errors to be consuming activity.
3 0
3 years ago
Ken and traci are two woodworkers who both make tables and chairs. in one month, ken can make 3 tables or 18 chairs, whereas tra
marysya [2.9K]
<span>The answer is 1/6 table for ken and 1/3 table for traci. Woodworking is the activity or talent of making items from wood, it includes cabinet making, wood carving ,carpentry and woodturning, with the advantage of modern technology and the demands of industry, woodwork nowadays has changed.</span>
7 0
3 years ago
Read 2 more answers
On January 1, 2019, Sunland Company granted Sam Wine, an employee, an option to buy 1,000 shares of Sunland Co. stock for $30 pe
Sliva [168]
I don’t gurrrllll but a I would love to help you
6 0
2 years ago
Daguio Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated
valkas [14]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Daguio Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $305,040. At the end of the year, actual direct labor-hours for the year were 16,800 hours, manufacturing overhead for the year was underapplied by $16,800, and the actual manufacturing overhead was $299,040.

under allocation= real MOH - allocated MOH

16,800= 299,040 -  allocated MOH

282,240= allocated MOH

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

282,240= Estimated manufacturing overhead rate*16,800

16.8=Estimated manufacturing overhead rate

8 0
2 years ago
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