Answer:
The answer is C. Some firms exiting the market
Explanation:
When there is a sudden fall in the market demand in a competitive industry(e.g perfect competition) some firms would making economic losses and it is best if they shut down operation and production. Once these happen, they exit the market.
Option A is incorrect . Same as option B.
Option D is also incorrect
A sudden fall in market demand in a competitive industry can lead to a short-run market equilibrium price lower than the original equilibrium, some firms exiting the market, and a market equilibrium price higher than the short-run price.
In a competitive industry, a sudden fall in market demand can have several effects. The correct answer is (d) All of the above. When market demand falls, it creates excess supply in the market, leading to a decrease in the market equilibrium price. This means that option (a) is correct. The lower price in the short run may cause some firms to exit the market due to lower profitability, which confirms option (c). Lastly, in the long run, if demand remains low, the market equilibrium price may eventually be higher than the short-run price as the supply adjusts to the lower demand, validating option (b).
#SPJ3
Answer:
b. No
Explanation:
This is not an effective strategy for self-improvement. In this sentence, the author tells us that he believes he will be able to score 25 goals in a soccer game. This is extremely unlikely even for the best soccer players in the world. Therefore, the goal is unrealistic. By creating unrealistic or unachievable goals, we only make it more difficult for us to succeed, and the failiure that will inevitably follow can be damaging to our confidence. Therefore, when establishing goals, it is important that we are realistic.
In the context of scoring 25 goals in a soccer game, self-improvement strategies should be focused on enhancing existing skills and addressing areas of need, keeping the goal realistic. Practice, feedback, and self-reflection can aid in achieving this. The process requires patience and commitment.
The approach of self-improvement based on individual strengths and needs involves setting realistic goals and continually assessing progress on these goals. In the context of your goal to score 25 goals in a soccer game, it is critical to evaluate this target against your current abilities and the opportunities you will have in the game. The target should be challenging but realistic.
Improvement strategies might focus on enhancing your current strengths, like speed or accuracy, and addressing areas of need, such as endurance or team coordination. These strategies can include deliberate practice, receiving feedback, and self-reflection. Whatever the strategy, remember that self-improvement is a gradual and ongoing process that requires patience and commitment.
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The question is incomplete. Here is the complete question.
Arden Company reported the following costs and expenses for the most recent month: Direct materials $ 79,000 Direct labor $ 41,000 Manufacturing overhead $ 19,000 Selling expenses $ 22,000 Administrative expenses $ 34,000 Required:
1) What is the total amount of product costs?
2) What is the total amount of period costs?
3) What is the total amount of conversion costs?
4) What is the total amount of prime costs?
Answer:
(1) product cost = $139,000
(2) period cost = $56,000
(3) conversion cost = $60,000
(4) prime cost = $120,000
Explanation:
(1) The total product costs can be calculated as follows.
= Direct material + direct labor + manufacturing overhead
= $79,000 + $41,000 + $19,000
= $139,000
(2) The period cost can be calculated as follows
= selling expenses + administrative expenses
= $22,000 + $34,000
= $56,000
(3) The conversion cost can be calculated as follows
= direct labor + manufacturing overhead
= $41,000 + $19,000
= $60,000
(D) The prime cost can be calculated as follows
= Direct material + direct labor
= $79,000 + $41,000
= $120,000
Answer and Explanation:
The Journal entry is shown below:-
a. Bad Debt Expense Dr, $36,800 ($40,000 – $3,200)
To Allowance for Doubtful Accounts $36,800
(Being the bad debt expense is recorded)
For recording this we debited the bad debt expense as it increased the expenses and at the same time it reduced the assets so the allowance for doubtful accounts is credited
b. Bad Debt Expense Dr, $40,730 ($40,000 + $730)
To Allowance for Doubtful Accounts $40,730
For recording this we debited the bad debt expense as it increased the expenses and at the same time it reduced the assets so the allowance for doubtful accounts is credited
Answer:
Some of the fiscal solutions that Davidson mentions tweaking in a bid to cut government spending multiple subtle ways are as follows: 1. Raise social security retirement age
2. Reduce medicare for wealthy seniors
3. Raise medical healthcare contributions question
According to davidson, the republican and the democrat philosophies are two fundamentally different economic philosophies that impact the debt crisis faced by the united states. in his opinion, the republicans want a system in which the government’s only job should be to create an efficient society, whereas the democrats aim at making sure that everyone lives in an “equitable, fair society”. i think i would agree more with the democrat philosophy because equity and fairness to everyone is a key public value outcome in every society.question
The two fiscal issues that are hyper-partisan are as follows: i. military defense spending. ii. issues of taxes - the parties are so divided chiefly because they have extreme opposites points of view on several issues.- on the issues, i lean towards the democrat view. question
Towards the end of his talk, davidson says he fears that the longer we delay any solution, the more the world will look to the u.s. not as the bedrock of stability in the global economy, but as a place that can't resolve its own fights. he explains that the higher interest rates are going to be, the quicker we're going to have to face a day of horrible calamity.
Answer:
The fiscal solutions that Davidson offer are raising the social security retirement age, reducing Medicare for wealthy seniors, and raising medical healthcare contributions question.
Explanation:
Answer:
B. ordinal scale
Explanation:
Answer:
$9,725,000
Explanation:
The total cash received on the issue date is made of 95% of the bond's face value of $10,000,000 plus the three-month interest up to April 1 2017.
95% of face value=95%*$10,000,000=$9,500,000
three month interest accrued=$10,000,000*9%*3/12=$225,000
Total cash proceeds from bond issue=$9,500,000+$225,000
Total cash proceeds from bond issue=$9,725,000