Little City Company operates a public water supply system. Little must send to every household that it supplies with water an annual statement describing

A. Little's financial situation and material facts that might affect it.
B. other businesses in which Little is involved and to what extent.
C. parties who might be held liable if pollution problems arise.
D. the source of the water, and any contaminants and health concerns.


Answer: D

Business

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A) products that have neither immediate appeal nor long-run benefits B) products that give high immediate satisfaction but hurt consumers in the long run C) products that have low appeal but may benefit consumers in the long run D) products that are either unsafe or inferior E) products in the decline stage of the product life cycle

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A ________ brings buyers and sellers together and facilitates transactions, typically charging a fee after a transaction is completed

A) cash-and-carry wholesaler B) broker C) retailer D) wholesaler E) commission merchant

Business

Solara Company entered into a contract with Hammer Construction Company to construct a building. Construction began in 2014 and was completed in 2015 . As of January 1 . 2015, Solara had made total progress payments to Hammer of $50,000 . In addition, interest capitalized on the building during 2014 was $2,500 . Solara made additional payments on June 30, 2015, and December 31 . 2015 . Solara had

issued $80,000 of 9% bonds to finance part of the construction. The average interest on Solara's additional debt was 11% for 2015. How much interest should be capitalized by Solara for 2015? a. $6,750 b. $6,975 c. $13,500 d. $13,725

Business

Business ethics is the application of ethical standards to commercial enterprise.

Answer the following statement true (T) or false (F)

Business