The force that leads to zero economic profits for monopolistically competitive firms in the long run is

a. excess capacity.

b. price wars among firms.

c. entry by new firms.

d. excessive advertising.

The labor force is comprised of those who are working for any number of hours (the employed) and those who are out of work but actively looking for a job (the unemployed). calculate the size of the labor force.

Both the GASB and the FASB require entities to include a management discussion and analysis in the financial reports.

Why is the scientific method a powerful tool?

True or false? a 1991 study found that 91 percent of 6-year-olds recognized joe camel, the same percentage that recognized the mickey mouse logo of the disney channel.

Consumer surplus is used as a measure of a consumer's net benefit from purchasing a good or service. explain why consumer surplus is a measure of net benefit.

Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. -Sold merchandise on account for $64,000 to a customer.

Barans Realty Co. pays weekly salaries of $18,000 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday.

Montana Company was authorized to issue 200,000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock.

The following items caused the only differences between pretax financial income and taxable income. 1.

Which of the following characteristics would lead the auditor to assess control risk at a higher level? a. It is difficult for the auditor to determine or gain access to the organization or individuals who own and/or control the entity. b.