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3 years ago

If a firm earns $9,000 in long-run, then what type of market structure does this firm belong to?

Business

1 answer:

allsm [11]3 years ago

7 0

Answer: Pure monopolist

Explanation:

For perfect competition and monopolistic competition, the firms can't experience long run profit as they can only make profit in the short run. This is because due to the fact that there are several number of firms that are producing identical products, the profit are thereby eliminated in the long run.

A pure monopolist is the only seller of a particular good in the market and therefore they can make long run profit.

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The difference between a budget and a standard is that:_________.

8090 [49]

Answer:

The answer is A. Standards refer to a company's projected revenues, costs, or expenses

Explanation:

The explanation is the following:

A budget refers to a department's or a company's projected revenues, costs, or expenses, while on the other hand A standard usually refers to a projected amount per unit of product, per unit of input (such as direct materials, factory overhead), or per unit of output.

Standard costing is intensive in application as it calls for detailed analysis of variances.

In standard costing, variances are usually revealed through accounts.

Standard costs represent realistic yardsticks and are, therefore, more useful for controlling and reducing costs.

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3 years ago

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What is human rights

Karo-lina-s [1.5K]

Answer:

Human rights are the basic rights and freedoms that belong to every person in the world, from birth until death. ... These basic rights are based on shared values like dignity, fairness, equality, respect and independence. These values are defined and protected by law.

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3 years ago

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When a purchase order is released, a commitment is made by a governmental unit to buy a computer to be manufactured to specifica

Vladimir79 [104]

Answer: Encumbrance

Explanation: The commitment made by a governmental unit to buy some product for use in administration is recorded in the general fund as an encumbrance which is defined as an interest, right, burden or liability that must be carried. As such, an encumbrance ensures that there will be enough funds available for the payment of certain governmental obligations and commonly refers to restricted funds in the general fund account.

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3 years ago

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Why is perceptiveness an important trait to have as an entrepreneur??????

Sergeeva-Olga [200]

It is important trait to have as an entrepreneur, because you have to have different perceptive's of the type of people you are selling to. As in you just can't have one persons point of view.

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3 years ago

A company began the year with assets of $117,000, liabilities of $28,500, and stockholders' equity of $88,500. During the year a

algol [13]

Answer:

Change in liabilities = $33,300

Explanation

<em>According to the accounting equation, assets is equal to liabilities + equity. And this equation can be re-written as:</em>

Liabilities = assets - equity

Liabilities at the end of the period = assets at the end - equity at the end

Assets at the end= 117,000 + 56,700= 173,700

Equity at the end = 88,500 + 23,400 = 111,900

Liabilities at the end = 173,700 - 111,900=61800

Change in liabilities = Liabilities at the end - Liabilities at the beginning

Change in liabilities = 61,800 - 28,500= $33,300

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3 years ago