The payback period method measures
a. the profitability of an investment.
b. the cash flows from an investment.
c. how quickly investment dollars may be recovered.
d. the economic life of an investment.
C
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Which of the following accounts would be included in a post-closing trial balance?
A. Accounts Receivable. B. Consulting Fees Earned. C. Depreciation Expense-Equipment. D. S. Stills, Withdrawal. E. Salaries Expense.
The American epidemic of obesity among U.S. youth is an example of which external force?
a. Sociocultural b. Special interest c. Demographic d. Political-legal e. Media
Aaron ________ the plans on the table
a. laid b. lay
Which of the following statements is CORRECT?
A. Due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of U.S. businesses (in terms of number of businesses) are organized as corporations. B. Most businesses (by number and total dollar sales) are organized as proprietorships or partnerships because it is easier to set up and operate one of these forms rather than as a corporation. However, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships. C. Due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatment. D. Large corporations are taxed more favorably than proprietorships. E. Corporate stockholders are exposed to unlimited liability.