Which of the following is true of a profit-maximizing perfectly competitive firm in the short run?

(a) the firm produces at the point where price is equal to marginal cost.
(b) the firm produces at the point where average cost is at its minimum point.
(c) the demand curve faced by each firm in the industry is downward sloping.
(d) the firm always makes a zero economic profit.
(e) the firm suffers a deadweight loss.

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year were $325,000, and its year-end receivables were $60,000. if its dso is less than the 45-day credit period, then customers are paying on time. otherwise, they are paying late. by how much are customers paying early or late? base your answer on this equation: dso - credit period = days early or late, and use a 365-day year when calculating the dso. a positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91b

The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading