Ann uses two approaches to trading stocks. first, she trades on what she believes is a repetitive pattern as seen in dotson co's historical prices. secondly, she analyzes the financial statements of the allen co. to compute changes in the return on equity as a predictor of future stock prices for that firm. she trades based on both strategies. ann earns excess profits on her return on equity strategy but not on her historical prices strategy. this suggests that the market is at least efficient but < efficient.

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.

Use this image to answer the following question. when the economy is operating at point b, the us congress is most likely to follow

Perez, inc., applies the equity method for its 25 percent investment in senior, inc. during 2018, perez sold goods with a 40 percent gross profit to senior, which sold all of these goods in 2018. how should perez report the effect of the intra-entity sale on its 2018 income statement?