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?

EA7. LO 4.4A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases?

Pia would like to work in the telecommunications industry. Which set of qualifications would best assist Pia in getting a job?

Person who signs the loan contract with the borrower and promises to repay if the borrower does not

Imagine that someone offers you $100 today or $200 in 10 years. you would prefer to take the $100 today if the interest rate is

Explain the "Crowding out" effect and state how this effect can be avoided. Answers will be very much appreciated

An agreement to settle a debt for less than the sum claimed is referred to as? a.? rescission. b. a satisfaction. c.? an accord. d.? a promisory estoppel.

In economics, what is logrolling?

In year 1 the CPI is 140, and in year 2 the CPI is 154. From year 1 to year 2, Maria's salary rises from $43,000 to $48,000, and Daisy's salary rises from $65,000 to $70,000. Who is "more than keeping up with inflation"?

Under a perpetual inventory system: a) purchases on account are debited to Purchases. b) purchase returns are debited to Purchase Returns and Allowances. c) freight costs are debited to Freight-Out. d) purchases on account are debited to Inventory.

Prepare various types of budgets