Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest expense as a(n) _____ activity and classifies cash expenditures to redeem debt as a(n) _____ activity
a. financing; financing
b. financing: operating
c. operating; investing
d. operating; operating
e. operating; financing
E
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Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $300 and has a unit contribution margin of $105; the Adult model sells for $850 and has a unit contribution margin of $450; and the Recreational model sells for $1,000 and has a unit contribution margin of $500. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,500,000, calculate the firm's contribution margin ratio per composite unit (rounded to the nearest whole percentage).
A. 35% B. 40% C. 53% D. 50% E. 200%
A successful differentiation strategy lowers entry barriers because of customer loyalty and the firm's ability to provide uniqueness in its products and services.
Answer the following statement true (T) or false (F)
When a party to a contract intentionally makes the terms of a contract unclear, it is called
a. vagueness. b. duress. c. ambiguity. d. a mistake.
All the business forms listed below have limited liability except the:
a. limited liability company. b. general partnership. c. Subchapter "S" corporation. d. corporation.