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?

All sales are made on credit. Based on past experience, the company estimates 2.5% of ending account receivable to be uncollectible.

Many people over 50 join the aarp (american association of retired persons) in order to enjoy the discounts provided to its members. this is an example of which type of incentive?

Sienna inc., a software firm, decided to hire a technical expert. the company conducted an aptitude test followed by structured interviews for candidates. david, an african american, did exceptionally well in all the assessments but was rejected.

On a bank reconciliation, an unrecorded debit memorandum for printing checks is: Select one: a. Noted as a memorandum only. b. Added to the book balance of cash. c. Deducted from the book balance of cash. d. Added to the bank balance of cash. e.

ABC Co. performs $200 of services for a customer, but does not get paid right away. Demonstrate how ABC Co. would record this transaction in the accounting equation by completing the following sentence. Note: enter one answer for each blank. ABC Co.

has sales of $15 million, total assets of $9 million, and total debt of $3.7 million. If the profit margin is 7 percent what is net income? What is ROE? What is ROA?

The overall variability of a firm's returns depends on the expected return of each individual project, percentage of funds invested in each individual project, and correlation coefficient of returns between the investments.

Luca writes a daily blog about why people should eat healthy foods and ways to eat healthfully. What are the purposes of his blog? to entertain and advertise to advertise and inform to argue and inform to argue and entertain

Billy accepted a job at a company that specializes in providing money for short-term retail lending. where did he go to work?

If using a thermometer that cannot be calibrated by cold or boiling methods, food handlers should check with whom to make sure the thermometer are calibrated correctly?