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3 years ago

Entry into a market by new firms will increase the:_______

Business

1 answer:

Oksi-84 [34.3K]3 years ago

8 0

Answer:

The right approach is Option a (supply of the good).

Explanation:

Supply would increase substantially of some more production. Increasing the income of established businesses wouldn’t rise, as there has been increasing competitiveness.
This similar value of the product is likely to decline due to further fulfillment as well as the same requirement. Marginal costs would never be compromised.

Anyone else alternatives possible does not apply to the situation throughout the question. That's the right thing above.

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Dmitri lives in Houston and runs a business that sells guitars. In an average year, he receives $793,000 from selling guitars. O

sladkih [1.3K]

Answer:

Implicit costs are opportunity costs. They are the cost of the next best alternative that one could have taken from the one they took.

Explicit costs are normal accounting costs which represent the expenses involved in running a business.

a. The wages and utility bills that Charles pays. EXPLICIT COSTS.

These are normal accounting expenses so they are explicit costs.

b. The wholesale cost for the guitars that Charles pays the manufacturer. EXPLICIT COSTS.

Another cost of doing business so this is explicit as well.

c. The rental income Charles could receive if he chose to rent out his showroom. IMPLICIT COST.

By not renting out his showroom and using it instead, he is losing the rental income he could be making so this is an implicit cost.

d. The salary Charles could earn if he worked as a financial advisor. IMPLICIT COST.

Another income he could be making if he wasn't selling guitars. This make it an implicit cost.

5 0

2 years ago

The following are the assets and liabilities of Jill Carlson Realty Company, as of January 31, 2018. Also included are revenu

pogonyaev

<u>Complete Question:</u>

Apply the accounting equation; construct a balance sheet) The following are the assets and liabilities of Jill Carlson Realty Company, as of January 31, 2018. Also included are revenue, expense, and selected stockholders' equity figures for the year ended on that date (amounts in millions):

Complete Table is in the attachment given at the end of the answer.

Requirement 1.

Construct the balance sheet of Jill Carlson Realty Company at January 31, 2018. Use the accounting equation to compute ending retained earnings.

<h2>Answer:</h2>

Balance Sheet of Jill Carlson Realty Company, as of January 31, 2018

<h2><u>ASSETS</u></h2>

Current Assets

Cash $57.2

Receivables $0.5

Non Current Assets

Investment Assets $79.4

Property, Plant and Equipment $1.6

Other Assets <u> $9.3 </u>

Total Assets <u> $148 </u>

<h2><u>LIABILITIES</u></h2>

Current Liabilities $2.9

Non Current Liabilities <u> </u><u>$102.6</u>

Total Liabilities <u> $105.5 </u>

<u>EQUITY</u>

Common Stock $39.2

Closing Retained Earnings (Step1) <u> $3.3 </u>

Total Equity <u> $42.5</u>

<u></u>

<u>Step 1: Find Closing Retained Earnings</u>

As we know that:

Closing Retained Earnings = Total Assets - Total Liabilities - Common Stock

Here

Total Assets is $148 million

Total liabilities is $105.5 million

Common Stock is $39.2 million

By putting these values in the above equation, we have:

Closing Retained Earnings = $148 million - $105.5 million - $39.2 million

Closing Retained Earnings = <u>$3.3 million</u>

7 0

3 years ago

1. Why do you think savings, scholarships, and state aid are good “preparation"

valentina_108 [34]

Savings, scholarships and state aid are good preparations steps for one to take before applying for federal financial aid because They help one to

save enough money to be able to pay for college and also prevent serious debt after graduating.

Financial intelligence is a vital and indispensable virtue one must cultivate,just like the question stated, before going high as to seek federal aid,it is imperative to start from savings, scholarships and state aid because those can help you after graduating and not put you through serious debt after graduating.

If you must apply for federal aid,that implies that you have tried other better, easier means and all proved abortive and the only option that is left is the federal aid.

And while on federal aid,plans must be made on the means to pay back all sorts of financial issues so that once graduated,the financial burden will be minimal.

4 0

3 years ago

How did the constitution differ from the articles of confederation? Match the correct document on the left to each of the featur

Bumek [7]

How the constitution differs from the Articles of the Confederation.

The Constitution of the United States was created on September 7, 1787, and ratified on June 21, 1788. It is the present constitution of the United States, although it has been amended many times.

The Articles of Confederation were the first introduced constitution of the United States. It was created on November 15, 1777, and ratified on March 1, 1781.

<h2>Further Explanation</h2>

The Constitution of the United State operates the bicameral legislature, which consists of the senate and the House of Representatives. It is also known as CONGRESS. There are up to 2 senators from each state and the numbers of representatives depend on the actual population of each state. Members of Congress are elected by the people and the voting in congress is one vote per one representative. There is also an executive arm of government headed by the PRESIDENT.

The Articles of Confederation operates unicameral legislature, also known as the CONGRESS. There are 2 to 7 members that represent each state. The voting pattern in congress is one vote per state and the members of congress are appointed by the state legislators. The executive arm of government is not recognized in the articles of the confederation.

LEARN MORE:

What is a constitution brainly.com/question/13355538
the Articles of Confederation brainly.com/question/2786803

KEYWORDS:

articles of the confederation
constitutions
united states
president
executives
legislators
bicameral
unicameral

5 0

3 years ago

Read 2 more answers

Connie stepped in to assist her friend Fred conduct his research plan for his business. He is trying to see where he should open

Illusion [34]

Connie's next step should be

Not - go back and revisit her plan objectives

Maybe - Conduct primary research and analyze Fred's current customers.

<h3><u>Explanation:</u></h3>

It is very essential for an entrepreneur who decides to start a new business to have a business plan that helps him in setting up the businesses in the right track and usage of funds in an effective manner. A business plan acts as a blue print of a new business and the objectives and resource utilization.

In the scenario give, Fred decides to start a new boutique and has conducted researches geographic locations and the type of boutiques supported by the demography. She must not then go back and review her plan objectives as she has decided to start it with a good plan and she may conduct a primary research about the current customers of him.

5 0

3 years ago