A consulting firm, organized as partnership and owned by 20 individual partners, reports about $40 million of gross receipts per year. The partnership must use the accrual method.

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


False

Businesses without inventories, such as service partnerships, can use the cash method regardless of size and amount of gross receipts.

Business

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The EPA was created by the government to develop new and improved ways to clean and improve the environment.

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

Business

The tradeoff in the traditional tradeoff theory of optimal capital structure is between:

a. agency costs of debt and information asymmetry costs of debt. b. the tax benefit of debt and the expected costs of future financial distress. c. the tax benefit of debt and agency costs of debt.

Business

Describe how marketing, sales, financial services and customer service departments can use e- business to increase revenues or reduce costs.

What will be an ideal response?

Business

YumGoods bakery chain has food preparation, customer service, and other departments. Employees in the food preparation department focus on baking and decorating pastries. Those in customer service focus on interacting with customers

This structure is called _________ departmentalization. A) functional B) customer C) product D) geographic

Business