Suppose a perfectly competitive firm and industry are in long-run equilibrium and the firm earns an economic profit in the short run. Which of the following is likely to occur in the long run?

When is buying a house and renting it out a profitable venture? a. Renting is profitable only when one has enough money set aside to pay for the house in full. b.

The cheif reason a person becomes a supervisor

The only promotional tool that consists of personal communication between seller and buyer is:

The petty cash fund has a current balance of $200. based on activity in the fund, it is determined that the balance needs to be changed to $400. which journal entry is needed to make this change?

Delicious Food Products is famous for its trail mix. The main ingredient of the trail mix is dried fruit, which Delicious purchases by the pound. In addition, the production requires a certain amount of direct labor.

Now consider a strangle using the same call with a strike price of $100 and a different put with a strike price of $95. Both have the same expiration date.

Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its costs of equity is 15 percent, and the cost of debt is 8 Percent. The relevant tax rate is 35 percent.

That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a (n) a. balance sheet b. trial balance c. chart of accounts d. income statement

Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with its attorney and determined that it is possible that they may lose the case.

Suppose during 2014 that Federal Express reported the following information (in millions) : net sales of $35,497 and net income of $98.