In a perfectly competitive market, firms face no barriers to entry or exit.

a. True

b. False

Orem Corporation's current liabilities are $116,160, its long-term liabilities are $474,240, and its working capital is $162,600. If the corporation's debt-to-equity ratio is 0.24, total long-term assets must equal Chegg a $2.

The Pell Grant program of the federal government provides financial aid to needy college students. If the average grant is slated to increase from $4050 to $5400 over the next 5 years "to keep up with inflation," what is the average inflation rate

Sonesta Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $9,000. The net book value of the asset was $30,900. Which of the following statements describes the cash effect of the transaction? A.

Which type of crop production plants two or more crops on the same area of land in the same year?

Hazel decided to offer her employees a bonus of $100 for ideas on how to improve the business, and they provided several good ideas which she implemented. One idea that she initially rejected now appears to hold great promise.

An electronics firm sells four models of stereo receivers, three amplifiers, and six speaker brands. When the three types of components are sold together, they form a "system." How many different systems can the electronics firm offer?

Which of the following would shift the supply curve for smartphones to the right? A) an increase in the price of a substitute in production B) an increase in consumer income (assuming that all smartphones are normal goods) C) a decrease in the

At the date of the financial statements, common stock shares issued would exceed common stock shares outstanding as a result of thea. declaration of a stock split. b. declaration of a stock dividend. c. purchase of treasury stock. d.

Monty Corporation issued a 4-year, $32,000, 4% note to Greenbush Company on January 1, 2020, and received a computer that normally sells for $24,224. The note requires annual interest payments each December 31.

Explain how TWO factors have determined the form of ownership of the business