The number of minority-owned businesses has decreased in recent years
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: African American-owned businesses have grown at a rate of about 60 percent during the most recent five-year period for which data were available, and Hispanic-owned businesses have grown at 44 percent.
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Use the information below for Flora Inc for 2016 and 2017 to answer the following question. Equipment, December 31, 2016 $65,000 Equipment, December 31, 2017 72,000 Accumulated depreciation, December 31, 2016 39,000 Accumulated depreciation, December 31, 2017 30,000 During 2017, Flora Inc sold equipment with a cost of $30,000 and accumulated depreciation of $25,000 . A gain of $3,000 was
recognized on the sale of the equipment This was the only equipment sale during the year. What was depreciation expense for 2017? a. $9,000 b. $16,000 c. $21,000 d. $30,000
Grand Resorts Hawaii has just celebrated its first profit since opening two years ago. Grand Resorts Hawaii is most likely in the ____ stage of the product life cycle.
A. maturity B. growth C. introduction D. market testing E. stability
Which of the following individuals would definitely not qualify for survivors' benefits under Social Security?
A) Widower of divorced spouse B) Child of deceased worker under age 18 C) Disabled child of deceased worker over age 18 D) Dependent parent of deceased worker E) It is possible that under certain circumstances any of the above may qualify for survivor's benefits.
Which of the following would indicate an improvement in a company's financial position, holding other things constant?
A. The inventory and total assets turnover ratios both decline. B. The total debt to total capital ratio increases. C. The profit margin declines. D. The times-interest-earned ratio declines. E. The current and quick ratios both increase.