A firm obtains the funds needed to pay its current bills primarily from its:
A. current liabilities.
B. long-term assets.
C. long-term liabilities.
D. equity.
E. liquid assets.
Answer: E
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Assets that are used for several years in the operation of a business are called
a. marketable securities. b. current assets. c. investments. d. property, plant, and equipment.
Name and define the four panes in the Johari window.
What will be an ideal response?
Greg owns a small business of selling athletic equipment to retailers. He spends $12,500 annually on transportation. His annual fixed cost is $19,000. His other annual expenses total $4,000. His annual sales are $130,000 and the cost of the goods he sells is $65,000. Calculate Greg's direct costs and his break-point point.
What will be an ideal response?
Which of the following is true with regard to backorders?
a. The sale is lost for the moment but filled at a future date. b. The revenue earnings are improved. c. They have a positive impact on the company’s reputation. d. They have a positive impact on the company’s market share.