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?

Customer Service Divide customers into groups based on their value Create policies that govern how service will be allocated among groups.

Bank reconciliation information for Kaden Co. for May 31 is as follows: The bank statement balance is $2,936. The cash account balance is $3,194. Outstanding checks amounted to $465. Deposits in transit are $655. The bank service charge is $50.

Why do company manager-owners smile when they ring the stock exchange bell at their IPO? A. Manager-owner are freed of burden of managing their company. B. An IPO reveals the value of the manager-owners' value. C.

Grey Wolf, Inc has current assets of $2,090 net fixed assets of $9,830 current liabilities of $1710 and long-termdebt of $4520. What is the value of the shareholders' equity account for this firm? how much is net working capital?

Information on four investment proposals is given below: Investment Proposal A B C D Investment required $ (790,000) $ (120,000) $ (120,000) $ (1,820,000) Present value of cash inflows 1,121,300 168,300 182,000 2,427,200 Net present value $ 331,300

All of the following are examples of facility level costs except: Select one: a. Costs of cleaning the workplace. b. Costs of custodial work. c. Costs of personnel support. d. Costs of receiving shipments. e. Costs of providing electricity.

The law of supply states that a. as prices rise, so will supply and vice versa. b. as prices fall, supply will rise and vice versa. c. as prices rise, supply will fall and vice versa. d. as prices rise, supply will stabilize and vice versa.

Harold and Zack have pooled their money together to buy real estate but have filed no formal papers toform a business. Harold, a lawyer, handles all the legal matters and Zack, a real estate broker, finds buyers for the property they have subdivided.

On March 1, Marin sold merchandise on account to Amelia Company for $22,400, terms 2/10, net 45. On March 6, Amelia returns merchandise with a sales price of $1,200. On March 11, Marin receives payment from Amelia for the balance due.

Predict weekly gross revenue (in dollars) for a week when $3,600 is spent on television advertising and $1,800 is spent on newspaper advertising. (Round your answer to the nearest cent.)