Amidwestern city negotiates a deal with a company to operate its parking meter system. the city will receive a lump sum payment of several million dollars, and the company will have the rights to operate, maintain, and collect the revenue from the parking meters. this is an example of a. privatization b. socialism c. a planned economy d. monopolistic competition e. perfect competition

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?