Current liabilities are
A) due, but not receivable for more than one year
B) due, but not payable for more than one year
C) due and receivable within one year
D) due and payable within one year
D
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Barre plans to sell 5,000 units each quarter next year. During the first two quarters each unit will sell for $12; during the last two quarters the sales price will increase $1.50 per unit. What is Barre's estimated sales revenue for next year?
A. $255,000. B. $244,000. C. $240,000. D. $270,000. E. None of the answers is correct.
Charlene, Derwood, and Elwyn form a partnership. They make no express agreement concerning how profits are to be divided. Of the $30,000 initial capital of the firm, Charlene and Derwood each contributed $12,000. Elwyn contributed $6,000. The partnership had a profit of $15,000 during the first year of operation of the business. Given this information, Derwood's share of the profit will be ________.
A. $10,000 B. $6,000 C. $5,000 D. $12,000
The second phase of conflict is
a. taking sides. b. showdown. c. fanning the flames. d. none of these choices.
______ is based on the idea that because the future is unpredictable yet controllable and that entrepreneurs can affect the future.
a. Control b. Experimentation c. Effectuation d. Entrepreneurship