When a firm is in a constant-cost industry, a decrease in demand will result in economic (losses or profits) . this will cause (exit from or entry into) the industry, resulting in (an increase or a decrease) in supply over time. this long-run adjustment will eventually cause the price level to (increase, decrease or remain constant) so that it eventually (return to the level it was, occur at a higher level than or occurs at a lower level than) before the demand shift. there will be firms (the same number of, more or fewer) in the industry. the long-run industry supply curve will be (horixontal, downward shifiting or upward shifting).

Which type of data is generally stored in different file formats, such as text files, spreadsheets, and so on?

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false