Question
It is a special account that a firm prepares to show the
distribution of profits/losses among the partners or shareholders. Name of such account is:Solution
The P & L Appropriation Account is typically used in partnership firms and limited companies to distribute the profits or losses among the partners or shareholders. It is used to record the appropriation of profits, such as dividends, interest on capital, and other profits or losses allocated to partners or shareholders.
With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50. Its output is:
What happens in long run under monopolistic competition?
Claudia would be willing to pay as much as $100 per week to have her house cleaned. John's opportunity cost of cleaning Claudia’s house is $70 per...
Assertion (A): A very high R2 value (e.g., 0.98) in a multiple linear regression model always indicates that the model is highly effective for predicti...
Under nominal wage rigidity, the short run aggregate supply schedule will beÂ
In a Cournot duopoly, if one firm increases its output, how does the other firm typically respond?
A central bank decides to increase money supply. For a given price level, the LM curve is expected to
The Laffer Curve illustrates the relationship between:
In the Keynesian consumption function C = a + bY, 'a' represents:
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