The Family Business Institute indicates that about 12 percent of successful ventures survive into the third generation of ownership.
Answer the following statement true (T) or false (F)
True
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The World Bank had developed a classification system whereby economies are divided into groups according to their ________
A) purchasing power parity (PPP) B) gross domestic product (GDP) C) human development index (HDI) D) gross national income (GNI)
Which of the following is not a characteristic of useful information?
A. Easy to understand. B. Feedback value. C. Representational Faithfulness. D. Timeliness.
ISO certification ______.
A. is a one-time activity; that is, if the firm does not get certified, it cannot reapply. B. may take many assessments while the firm identifies its problems, improves, and reapplies for submission C. is welcomed by a company’s employees but not by its management D. is welcomed by a company’s management but not by its employees
For the year ending December 31, 2018, Sparks Electric expects net cash provided by operations of $328,000, net cash used by investing activities of $141,000, and net cash provided by financing activities of $50,000. Sparks plans to spend $259,000 to add a warehouse for its operations and pays $35,000 in cash dividends. What is the amount of free cash flow?
A) $237,000 B) $34,000 C) $69,000 D) $(72,000)