Calvin Corp was organized on January 1 to operate a taxi service. For each of the following business activities, please indicate whether it is a financing (F), investing (I) or operating (O) activity. A. Issued shares of stock to each of the five
owners. B. Purchased five automobiles to use as taxis. C. Paid the first month's rent for a garage. D. Obtained a loan from the bank. E. Received cash from a customer for a 10-mile taxi ride. F. Paid the drivers wages for the first week. G. Purchased a fueling station to install at the garage (includes a 500 gallon tank). H. Declared and paid cash dividends to the owners after the first month's operations. I. Paid cash to repair the brakes on one of the taxis. J. Bought land for a future taxi office.
A. F Issued shares of stock to each of the five owners.
B. I Purchased five automobiles to use as taxis.
C. O Paid the first month's rent for a garage.
D. F Obtained a loan from the bank.
E. O Received cash from a customer for a 10-mile taxi ride.
F. O Paid the drivers wages for the first week.
G. I Purchased a fueling station to install at the garage (includes a 500 gallon tank).
H. F Declared and paid cash dividends to the owners after the first month's operations.
I. O Paid cash to repair the brakes on one of the taxis.
J. I Purchased land for cash for a future taxi office.
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A. Accounts receivable for the net amount of cash expected to be collected. B. Revenue from the sale of goods or services to customers. C. The amounts receivable from customers. D. Cash collected from customers.
The first step in strategy implementation involves articulating in simple language what a particular business must do to create or sustain a competitive advantage. This step involves
A. creating an implementation plan. B. defining strategic tasks. C. developing a mission statement. D. assessing organizational capabilities. E. developing an implementation agenda.
Which of the following statements below is correct about a corporation and a partnership?
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?The marketing concept is a philanthropic philosophy aimed at helping customers at the expense of the business organization.
Answer the following statement true (T) or false (F)