High taxation, excess regulation, and limited choices in a business environment are likely to result in a(n):
A. decrease in entrepreneurial activities.
B. increase in the level of personal freedom.
C. increase in global trading.
D. social crisis.
Answer: A
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Cheyenne Company has budgeted the following information for June: Cash receipts$271,000 Beginning cash balance 5,000 Cash payments 280,000 Desired ending cash balance 25,000 If there is a cash shortage, the company borrows money from the bank. All cash is borrowed at the beginning of the month in $1,000 increments and interest is paid monthly at 1% on the first day of the following month. The company had no debt before June 1st. The amount of interest paid on July 1 would be:
A. $290. B. $250. C. $221. D. $400.
What is the present value of the following cash flow stream at a rate of 6.25%?
A. $411.57 B. $433.23 C. $456.03 D. $480.03 E. $505.30
A _____ is a situation requiring the purchase of a product for the first time
a. modified rebuy b. derived demand c. joint demand d. new buy
Obtaining funds from private investors:
A. involves a great deal of time and expense. B. is a public offering. C. is covered by Regulation D. D. is inappropriate for new ventures.