Which of the following is an advantage when using mobile devices for business communication?
A) Portability and flexibility
B) Screen size
C) Resolution
D) Bandwidth, speed and connectivity
E) Operational costs
Answer: A
Explanation: A) Mobile devices can be used to create and consume virtually every digital form of oral, written, and visual media. Thanks to the combination of portability and the flexibility enabled by a wide array of business-focused apps, mobile devices have become a primary tool in business communication. Screen size, resolution, bandwidth and connectivity, and operational costs can be disadvantages of the system.
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Which of the following is used to join an independent clause with a transitional expression
A) colon B) comma C) semicolon D) period
Disadvantages to transacting business as a sole proprietorship include
A. double taxation of the sole proprietor’s income. B. personal liability for the debts and obligations of the business. C. the limited duration of the sole proprietorship allowed by state law. D. costly filing fees for forming the sole proprietorship.
Lasch Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Total assets$1,333,000 $1,320,000 Accounts payable$158,000 $160,000 Accrued liabilities$43,000 $40,000 Notes payable, short term$47,000 $50,000 Bonds payable$250,000 $250,000 Total liabilities$498,000 $500,000 Total stockholders' equity$835,000 $820,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,250,000 Cost of goods sold 840,000 Gross margin 410,000 Operating expenses 366,286 Net operating income 43,714 Interest expense 18,000 Net income before taxes 25,714 Income taxes (30%) 7,714 Net income$18,000 The company's equity multiplier at the end of Year 2 is closest to:
A. 0.60 B. 1.60 C. 0.63 D. 1.68
Narrative 11-2 Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest
hundredth of a percent) Refer to Narrative 11-2. Sigourney review invested $12,300 at the Midtown Credit Union at 6% interest compounded monthly. a. What is the effective rate of this investment? b. What will Sigourney's investment be worth after two years?