In the context of generating new ideas, which of the following is an example of a personal hobby developed into a business venture?
A. A plumber opens a new business that sells piping coated in special anticorrosive paint.
B. A baker decides to involve various members of his family in the operation of his baking business.
C. A sports card collector becomes a dealer who specializes in the trade of rare and valuable trading cards.
D. A web designer decides to invest in a firm that produces security software.
Answer: C
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When a bank issues a credit memo, it is increasing the depositor's account
Indicate whether the statement is true or false
Accounts Receivable xxx Allowance for Uncollectible Accounts xxx This entry would be made when:
a. a customer pays its account balance. b. a customer defaults on its account. c. a previously defaulted customer pays its outstanding balance. d. estimated uncollectible receivables are too low.
Which of the following contracts would be void due to fraudulent misrepresentation?
A) Mikhail wants Ivana to sign a contract for the sale of her apartment. He tells her that if she does not sign the contract, he will harm her son. B) Janet owns a pair of zircon earrings. She sells them claiming they are diamonds and receives a much higher price for them. C) Carla unknowingly sells a painting to a collector thinking it's genuine. However, the collector finds out that it actually is an imitation. D) Gary has been the McGill family attorney for decades. When he needs investors for his business, he convinces Mr. McGill to invest in the new business.
Graphics can be added to business reports to clarify data, create visual interest, and make numerical data meaningful. List five categories of graphics and explain the type of data each is used to illustrate. Then give an original example of when each could be used