The sources and uses table is a part of the _____ of the business plan.
A. critical risks section
B. offering section
C. exit strategy
D. financial plan
Answer: B
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The best way to deal with a service breakdown is to reflect upon it after it occurs.
Answer the following statement true (T) or false (F)
Circus Pizza contracted with Art to run its birthday parties. Art's responsibilities included supervising the children and organizing the games. Circus did not investigate Art's background, which included a history of assaulting children. Art assaulted a 7-year-old girl in the restaurant's kitchen during a birthday party. Circus Pizza:
a. cannot be liable for the damages because Art committed an unforeseeable intentional tort. b. cannot be held liable for the damages because Art's conduct was not in the scope of employment. c. may be held liable on the basis of negligent hiring. d. may be held liable only if Circus actually knew of Art's background.
Place utility is created by the customer having access to the product to use or store for future use.
Answer the following statement true (T) or false (F)
On January 4, Year 1, Barber Company purchased 5,000 shares of Convell Company for $59,500 plus a broker's fee of $1,000. Convell Company has a total of 25,000 shares of common stock outstanding and it is presumed the Barber Company will have a significant influence over Convell. During each of the next two years, Convell declared and paid cash dividends of $0.85 per share, and its net income was $72,000 and $67,000 for Year 1 and Year 2, respectively. The January 12, Year 3, entry to record Barber's sale of 3,000 shares of Convell Company stock, which represents 60% of Barber's total investment, for $39,000 cash should be:
A. Debit Cash $39,000; debit Loss on Sale of Investment $8,880; credit Equity Method Investments $47,880. B. Debit Cash $39,000; debit Loss on Sale of Investment $21,500; credit Equity Method Investments $60,500. C. Debit Cash $39,000; credit Gain on Sale of Investment $2,700; credit Equity Method Investments $36,300. D. Debit Cash $39,000; credit Gain on Sale of Investment $8,750; credit Equity Method Investments $30,250. E. Debit Cash $39,000; debit Loss on Sale of Investment $8,200; credit Equity Method Investments $47,280.