Your ________ is an online repository for the documentation that backs-up and details the specifics of your business and business plan. The contents of which are very similar to those of the 3-ring binder personal edition of the plan held and used by the founder.
A. pitch deck
B. invention plan
C. data room
D. proof-of-concept website
Answer: C
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Which of the following is TRUE of internal control?
A) A company outside auditor is responsible for the company internal control system. B) One of the major purposes of internal control is to ensure that the assets are safeguarded. C) Internal control procedures tend to diminish the importance of operational efficiency. D) Internal controls are only necessary for public companies.
Prepare adjusting entries for the year ended December 31, for each of these separate situations. Assume that prepaid expenses are initially recorded in asset accounts and that fees collected in advance are initially recorded as liabilities.a. The Prepaid Rent account has a debit balance of $8,000 before adjustment, representing a prepayment for four months' rent made on December 1 of the current year.b. One-third of the work related to $18,000 of cash received in advance was performed during this period.c. Unpaid accrued salaries at December 31 amounts to $15,000d. Work was completed for a client on December 31 in the amount of $21,000, but was not previously billed or recorded.e. Estimated depreciation on office equipment is $27,000.
What will be an ideal response?
Which of the following is a quality that a successful entrepreneur is most likely to have?
A) enjoys working alone B) views large organizations as direct competition C) high need to be motivated by an external agent D) always measures success in strictly financial terms E) views failure as a chance to grow
Which of the following is the simplest type of VBA statement?
A. A macro B. A For-Next loop C. An assignment D. A comment