Discuss how market characteristics can influence the profit rate of a perfectly competitive market firm in the short term and long term.

Q: 8 Which of the following statements is/are correct? I.      The test for exemption from real…

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A: Depreciation is the purposeful, gradual reduction in the reported value of an item over its useful…

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A: Inventory valuation is an accounting practices that is followed by company to find out the value of…

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A: An investment centre is a business unit in a firm that can utilizes capital to contribute direct to…

Q: Shaan and Anita are married and have two children, ages 13 and 15. Anita is a "nonworking" spouse…

A: The actuarial company are following an amount of $20,000 (the new rule) in order to compensate the…

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A: Cost of producing 100 units electric starter units = $200,000 Cost of producing 500 units electric…

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A: Operating Profits In simple words, it refers to the profits earned by a business from normal…

Q: Brief Exercise 23.3 (Static) Production Budget (LO23-4) Expected quarterly unit sales of cured hams…

A: Production Budget for a quarter = Sales for the Quarter - Opening Inventory for the quarter +…

Q: Outline the steps which can be taken to investigate occupational fraud.

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A: The Journal keeps the record of transactions as debit one account and credit other account. The…

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A: Answer) Calculation of Increase in Return on Investment due reduction in Variable Cost Increase in…

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A: Cash flow statement means the statement which shows the cash inflow and outflow by dividing it in…

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A: Property Tax - Property Tax is tax levied on the property owners against the service provided by way…

Q: On January 1, Wei company begins the accounting period with a $34,000 credit balance in Allowance…

A: The question is based on the concept of Financial Accounting. Doubtful accounts or bad debts are the…

Q: Using the Information below, compute the cash conversion cycle: 42 days 59 days 52 days Days' sales…

A: Cash conversion cycle is the number of days it takes for an inventory to convert into cash.

Q: Print Item Estimating Doubtful Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An…

A: Allowance for doubtful accounts = Accounts receivable x % uncollectible Bad debts expense =…

Q: ou are making car payments of $576 per month for the next 3 years. You know that the car loan has an…

A: Initial price of car will be the present value of all monthly payments. Initial price can be…

Q: Suppose your company sells a 3 pack of lenses that attach to smart phones to improve the quality of…

A: The question is based on the concept of Cost Accounting. Cost of goods sold is the cost incurred by…

Q: Using the following information: a. The bank statement balance is $3,106. b. The cash account…

A: Bank reconciliation statement means the statement where the bank balance as per cash book and bank…

Q: Tom, Linda, and Zach are casual acquaintances. Each of them has a different set of business skills…

A: A partnership is a kind of business structure in which two or more people agree to carry out…

Q: Pressure Pumps Corporation, a manufacturer of industrial pumps, reports the following results for…

A: Ending Retained earnings = Beginning Retained earnings + Net income - Dividends declared where,…

Q: A company creates drinks and It's sells for $400 Canadian online or at local farm retail stores.…

A: Variance Analysis means analysis of the differences between the standards made for the operations…

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A: "Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: the accounting records for financial year ended 30 June 2020. List of selected accou

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A:

Q: ata follow for the Consumer Products Division of Kisler Inc.: Year 1 Year 2 ales $9,310,000…

A: The financial ratio analysis is usually carried out by ascertaining four broad categories of ratios…

Q: QUESTION 3 On September 30 of last year, Rex received some investment land from Holly as a git.…

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A: Introduction:- A public financial market where financial instruments or commodities are traded for…

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Q: Return to question LIhe tollowing intormation applies to the questions displayed below) Patel and…

A: Budgeted output=20000 units Standard hours for budgeted output=20000*2hrs=40000 hrs Annual budgeted…

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A: Taxation is a very important element for a country as this is the main source of revenue collection…

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A: Residual income refers to the income that is left after making all the necessary payments of the…

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Q: corporate governance principles

A: Corporate governance is an important aspect in accounting. We can say that corporate governance…

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A: A budget is a spending plan based on income and expenditure. In other words, it is a measure of how…

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Q: least 25 years. He has a job with saving of £800 per month. He comes to you as his financial advisor…

A: The advices are given as,

Q: Differential Analysis for a Discontinued Product A condensed income statement by product line for…

A: Fixed cost means the cost which does not vary with the level of output. Variable cost means the cost…