Ramon, I believe that you will succeed," said Juan, his mentor. "When an entrepreneur is contemplating a new business, the very first step is to have ________. You are on the right track."
A. family support
B. investors
C. a great idea
D. a good location
E. financial capital
Answer: C
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Sam loves shopping. She frequently goes window shopping in the city. During times of need, she visits the nearest supermarket even though she loathes going there. Which of the following is most likely to be the reason why Sam shops in the supermarket?
A. Brand image B. Location C. Customer service D. Price E. Unique merchandise
Physical inventory procedures Discuss the procedures the audit team will most likely perform during the physical observation of inventory
Mohr Company purchases a machine at the beginning of the year at a cost of $42,000. The machine is depreciated using the units-of-production method. The company estimates it will use the machine for 5 years, during which time it anticipates producing 55,000 units. The machine is estimated to have a $9000 salvage value. The company produces 10,600 units in year 1 and 7600 units in year 2. Depreciation expense in year 2 is:
A. $4560. B. $9000. C. $16,800. D. $6600. E. $25,200.
The pricing method that establishes selling prices based on a specified rate of return on the assets employed in the operation is
A) target cost pricing. B) return on assets pricing. C) time and materials pricing. D) gross margin pricing.