What percentage of startup businesses start without any formal investment?
a. 98%
b. 75%
c. 50%
d. 24%
a. 98%
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Describe several benefits and one potential drawback of organizing business reports using the direct approach
What will be an ideal response?
Describe the Age Discrimination in Employment Act (ADEA).
What will be an ideal response?
Hosanna Furnishings finished Job A40, which involved $4,000 of direct materials and $600 of direct labor. Hosanna uses a predetermined overhead allocation rate based on 40% of direct labor costs
Provide the journal entry needed to record the completion of the job. Omit explanation.
Firms have some choice as to when they disburse cash. Firms that delay making payments to suppliers, employees, and others during the last several days of an accounting period
a. conserve cash and increase cash flow from operations for that period. b. conserve cash and decrease cash flow from operations for that period. c. do not conserve cash and increase cash flow from operations for that period. d. do not conserve cash and decrease cash flow from operations for that period. e. do not effect the cash balance and has no affect on cash flow from operations for that period.