Miracle Fund LLC is a venture capitalist. In exchange for providing venture capital, Miracle Fund:
A. expects the entrepreneur to pay interest to the Fund.
B. receives the right to own a percentage of the entrepreneur's business.
C. takes a percentage of the annual earnings.
D. becomes a general partner of the entrepreneur.
Answer: B
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Concerning accounting for warranties, which of the following statements is true?
A. Federal income tax regulations require companies to accrue warranty expense in the year of the sale. B. The modified cash basis method is required for tax reporting. C. The modified cash basis method uses a percentage of completion approach to warranty revenue recognition. D. The modified cash basis recognizes warranty expense when cash is received on the sale.
______ is the degree to which both businesses and customers believe that the pricing is reasonable.
a. lowest cost pricing b. loss-leader pricing c. customer-led pricing d. fair pricing
A corporation that is selling all of its assets must obtain approval only from its board of directors.
Answer the following statement true (T) or false (F)
The following model y = ?0 + ?1x1 + ? is referred to as a _____
a. curvilinear model b. curvilinear model with one predictor variable c. simple second-order model with one predictor variable d. simple first-order model with one predictor variable