Identify each of the following business activities 1 through 6 into the appropriate category a, b, and c. a. Operatingb. Investingc. Financing____ 1. Paid utilities expenses.____ 2. Dividends paid to stockholders.____ 3. Purchase of land.____ 4. Sale of used equipment.____ 5. Borrowed money from a bank on a long-term note.____ 6. Paid employee wages. ____ 7. Received investment from stockholders in exchange for common stock.____ 8. Paid an amount due on a long-term bank loan.
What will be an ideal response?
1. A; 2. C; 3. B; 4. B; 5. C; 6. A; 7. C; 8. C
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Indicate whether the statement is true or false
The early signs of bankruptcy are most often:
A. occur in isolated instances. B. apparent to the entrepreneur. C. unavoidable. D. interrelated.
If $100 is placed in an account that earns a nominal 4%, compounded quarterly, what will it be worth in 5 years?
A) $122.02 B) $105.10 C) $135.41 D) $120.90 E) $117.48
Estate planning involves:
A. considering how your wealth can be most effectively passed on to your heirs. B. determining the income you need to maintain. C. the dissolution of all privately held corporations. D. the valuation and auctioning of your valuables by hiring a professional tax planner. E. planning for retirement.