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3 years ago

A loss is when

Business

2 answers:

Elza [17]3 years ago

7 0

The answer to this question would be B

Illusion [34]3 years ago

5 0

The answer is B revenue is less than expenses

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Firms are very small relative to the market. Firms have significant price control. Firms produce very similar products. There is

Anika [276]

Answer:

Firms are very small relative to the market. PERFECT COMPETITION
Firms have significant price control. NOT PERFECT COMPETITION - in perfect competition all firms are price takers.
Firms produce very similar products. PERFECT COMPETITION
There is a large number of firms. PERFECT COMPETITION
There are significant barriers to entry and exit to the market. NOT PERFECT COMPETITION - in perfect competition there is free market entry and exit
Firms have no price control. PERFECT COMPETITION
Firms produce differentiated products. NOT PERFECT COMPETITION - in perfect competition firms produce homogeneous products.

7 0

3 years ago

A company has bonds outstanding with a par value of $100,000. The unamortized premium on these bonds is $2,700. If the company r

Lunna [17]

Answer:e. $3,700 gain.

Explanation:

Par value of Bonds =$100,000

Unamortized premium= $2,700

Carrying/ Book value of bonds= Par value of Bonds +Unamortized premium

= $100,000 + $2,700 =$102,700

Amount at which bonds retired $100,000 x 99% = $99,000

Gain on retirement of bonds =Book value of bonds- Amount at which bonds retired

=$102,700- $99,000 = $3,700

4 0

3 years ago

Which of the following are functions of a small firm? I. The provision of goods and services. II. The offering of personalised s

Mumz [18]

Answer

i and ii

Explanation:

they provide goods (i)

because they are small it can be personalised

6 0

3 years ago

The Salt and Pepper Partnership was formed in January of the current year when Salt and Pepper each contributed $10,000 cash and

Novay_Z [31]

Answer:

Salt's basis = -$3900 from a 50% sharing basis

Explanation:

profit sharing ratio as per contributions is 50%:50%

ordinary loss - $5000

tax exempt income -$2000

Charitable contribution -$800

Taxable loss =$7800

profit(loss) share

Salt = -3900

Pepper =-3900

3 0

3 years ago

During the previous year, Yvo Corp. installed a production assembly line to manufacture furniture. In the current year, Yvo purc

Neporo4naja [7]

Answer:

A. $147,000

Explanation:

All cost incurrend in the installation of the assembly line, and their put to use to meet the company demand will be capitalized

the machine cost

the labor to install the machine

the parts added to the assembly line

rearrange of the assembly line

All those cost were incurred to leave the assembly line ready to use, are associate with the long-term asset so it can be capitalized through it.

75,000 + 14,000 + 40,000 + 18,000 = 147,000

4 0

3 years ago