In choosing the form in which to conduct business, if ease of formation is the primary concern, the owners would choose a:
a. corporation.
b. limited liability partnership.
c. limited partnership.
d. general partnership.
d
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What are the advantages and disadvantages of engaging in interactive marketing using the Web?
What will be an ideal response?
Western Company is preparing a cash budget for June. The company has $12,000 in cash at the beginning of June and anticipates $30,000 in cash receipts and $34,500 in cash payments during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company has no loans outstanding. To maintain the $10,000 required balance, during June the company must:
A. Repay $7,500. B. Borrow $10,000. C. Repay $2,500. D. Borrow $2,500. E. Borrow $4,500.
Answer the following statement(s) true (T) or false (F)
1. Wholesalers are normally the only marketing intermediaries that link the producer and the consumer. 2. Retailers specialize in selling products to consumers. 3. Eliminating marketing intermediaries eliminates the need for their services, such as storage and delivery. 4. Without intermediaries, products probably would cost more, not less. 5. An income tax preparation service would normally use Channel A, the direct marketing channel.
Johnson has an annuity due that pays $600 per year for 15 years. (Note: There are 15 annual cash flows with the first cash flow occurring today.)
What is the value of the cash flows 14 years from today (immediately after the last deposit is made) if they are placed in an account that earns 7.50%? A) $9,000.00 B) $9,675.00 C) $15,671.02 D) $16,846.35