In making a sales forecast, the business owner can only use his best judgment to determine projected costs and revenues.

a. True

b. False

Which of the following statements are true about both monopolistic competition and monopolies? Check all that apply. Firms earn zero profit in the long run. Firms are not price takers. Firms can earn positive profit in the long run.

Jane wins $100 comma 000 playing the lottery, and instead of spending it, she deposits it into her checking account at the First Bank of Anywhere. Her bank makes a loan (equal to its excess reserves) to Mary, who uses the money to remodel her home.

Suppose that today you buy a bond with an annual coupon of 6 percent for $1,080. the bond has 13 years to maturity. what rate of return do you expect to earn on your investment? assume a par value of $1,000. (do not round intermediate calculations.

Total depreciation expense over an asset's useful life will be identical under all methods of depreciation.

Which of the statements below is primarily normative in nature? a. The distribution of income in the United States should be more equal than it is. b.

Which phrase defines complementary goods

If a company's current assets increase, what might we assume about their inventory levels? a) It increasedb) It decreasedc) It stayed the samed) We don't have enough information to decide

What is the effect of import restrictions on prices? a. they cause prices to drop. b. they cause prices to rise. c. they often cause prices to rise steeply and then drop. d. they usually do not have any lasting effect on price?

Joan is a manufacturing engineer who works on a new product development team along with members from design, engineering, production, purchasing, finance, marketing, and quality assurance.

Which are costs subtracted from in calculating profit? revenue wages overhead debt