What is one key characteristic of a focuses low-cost strategy?
What will be an ideal response?
-it seeks to sell to a narrow market niche
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Characteristics of a corporation include:
A) shareholders who are mutual agents. B) direct management by the shareholders (owners). C) its inability to own property. D) shareholders who have limited liability.
As Willard's business grows and prospers, his company's total assets requirements will equal
A. total sources of financing less owner's investment and retained earnings. B. spontaneous debt financing plus bank loans plus owner's investment less retained earnings. C. total sources of financing less net assets and owner's investment. D. spontaneous debt financing plus bank loans plus owner's investment plus retained earnings.
On July 31, Orwell Co. has $448,800 of accounts receivable. Required:1. Prepare journal entries to record the following selected August transactions. The company uses the perpetual inventory system. 2. Also prepare any footnotes to the August 31 financial statements that result from these transactions.3. Calculate the balance in the Accounts Receivable account as of August 10. Aug. 3Sold $250,000 of merchandise (that cost $122,000) to customers on credit.Aug. 5Sold $300,000 of accounts receivable to Cash Solutions. Cash Solutions charges a 7% factoring fee.Aug. 8Received $165,200 from customers in payment on their accounts.Aug. 9Borrowed $50,000 cash from State Bank, pledging $65,000 of accounts receivable as security for the loan. The note is a 90-day, 9% note.
What will be an ideal response?
Artwork, a major part of most advertisements, consists of the
A. illustration and the signature. B. illustration and the layout. C. illustration and type of print used in the headlines. D. layout and the signature. E. method by which all the components are put together.