The first step in the business-to-business purchase decision is:

A) need recognition.
B) establishment of specification.
C) source identification.
D) proposal evaluation.


A

Business

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A business with a simple capital structure would present only basic earnings per share information in its financial statements

Indicate whether the statement is true or false

Business

Alliance Products purchased equipment that cost $120,000. It had an estimated useful life of four years and no residual value. The equipment was depreciated by the straight-line method and was sold at the end of the third year of use.For what amount should Alliance record the gain or loss if the equipment is sold for $25,000?

A. A gain of $5,000. B. A loss of $5,000. C. Neither a gain nor a loss since the equipment was sold at its book value. D. Neither a gain nor a loss since the gain would not be recognized.

Business

Compared to those of normal weight, the 34 percent of Americans who are considered obese incur $1,429 per year in additional medical costs, and the average hospital bill for a heart attack is $54,400

Indicate whether this statement is true or false.

Business

Gross profit is also called gross margin.

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

Business