How does competition affect markets?

A payment of cash for the purchase of merchandise should be recorded in the

Smith buys and sells securities. On December 15, 2018, Smith purchased $507,000 of Jones shares and elected the fair value option to account for the Jones investment. As of December 31, 2018, the Jones shares had a fair value of $606,000.

Assume that a firm separately determined inventory under FIFO and LIFO and then compared the results. In each space below, place the correct sign; less than (), or equal (=) for each comparison, assuming periods of rising prices. 1.

What does the expiration date on the manufacturer's container mean if it lists only the month and year (such as 06/08) ?

Assume a certain firm in a competitive market is producing q = 1,000 units of output. at q = 1,000, the firm's marginal cost equals $15 and its average total cost equals $11. the firm sells its output for $12 per unit.

The CPU manufacturing industry has long been dominated by two large computer chip manufacturers, Intel and AMD. Recently, the demand for CPUs is low, and Intel and AMD aggressively compete for orders from computer makers such as Dell and HP.

If the margin of safety for canace company was 20%, fixed costs were $1,875,000, and variable costs were 80% of sales, what was the amount of actual sales (dollars) ? (hint: de - termine the break-even in sales dollars f

Glass Bottle Coffee Company is a calendar year, accrual-basis taxpayer. On October 1, 2019, Glass Bottle sold a 24-month subscription contract for $2,400. The client paid the full amount in cash.

What are the definition and purpose of a business? A business provides goods or services in exchange for. The goal of a business, if it wants to survive over time, is to.

What is the difference between accounting profit and economic profit? A. Economic profit only subtracts implicit costs from total revenue, while accounting profit only subtracts explicit costs. B.