Answer:
A. People coordinate their activities, resulting in equilibrium in the market.
Explanation:
Adam Smith - a proponent of Capitalist Economy 'Laissez Faire' i.e free markets proposed that :
Un-intervened (by govt) Markets guided by self interest create more wealth & over all socio economic welfare. Any disequilibrium will be sorted by undisturbed market forces, any government intervention is distortionary.
Answer:
B) Objectives 2 and 3
Explanation:
Accounting controls are procedures that help a company ensure the validity and accuracy of its financial statements.
Therefore, one of the main priorities of accounting controls would be to make sure that accounting records are correct. By ensuring the validity of accounting records, the company's assets are safeguarded, since the possibility of something missing or being incorrectly recorded diminishes.
Answer:
a. A monopoly involves a one market or a few major firms.
b. The monopolist can charge any price she wishes and still operate at maximum profit.
d. The monopolist is a "price taker." The monopoly is normally a huge firm such as Wal-mart.
Explanation:
- The market structure of monopoly is characterized by profit maximization, higher barriers to entry, price makers i.e they decide the price of the goods to be sold in the market. Thus create price discrimination and the existence of a single seller.
- Sources of monopoly power are economies of scale, economic barriers, legal barriers, and non-substitutable goods.
Both Nasdaq sellers and "specialists" at the NYSE maintain inventories of stocks.
Capital marketplace transactions contain best-favored stock or common inventory.
If well-known electric powered were to have difficulty with new inventory this 12 months, this will be considered a secondary marketplace transaction because the business enterprise already has inventory awesome.
The spot marketplace or cash marketplace is a public economic market in which financial devices or commodities are traded for instant transport. It contrasts with a futures market, wherein transport is due at a later date.
the reintroduction of commodity futures in India within the present day form in 2002–2003 numerous tendencies in era and institutional arrangements have taken location. Futures markets resource in price discovery for future needs and additionally facilitate hedging.
If one desires to facilitate danger control and the rate discovery system, the spot and futures markets need to be nicely integrated; handiest then can the hedging characteristic paintings effectively. questions on the extent of integration of the spot and futures markets in India have existed on the grounds that 2002–2003; this discussion tries to higher apprehend the extent of integration of the markets.
Learn more about the marketplace here:brainly.com/question/906651
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Answer:
Cullumber, Inc.
The amount that Cullumber should charge against income during 2021 is:
= $567,000.
Explanation:
a) Data and Calculations:
Cost of a purchased patent = $810,000
Estimated useful life = 10 years
Annual amortization expense = $81,000
Accumulated amortization for 3 years = $243,000 ($81,000 * 3)
Book value of patent on December 31, 2021 = $567,000 ($810,000 - $243,000)
The remaining book value should be charged against income in 2021 because of the withdrawal of the product.