Businesspersons who have enough money and business knowledge to evaluate an idea's potential and provide the initial capital to a startup and hope to profit from its rapid growth are called _____

Fill in the blank(s) with correct word


angel investors

Business

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The ending merchandise inventory for the current year is overstated by $25,000. What effect will this error have on the following year's net income?

A) The net income will be overstated by $50,000. B) The net income will be overstated by $25,000. C) The net income will be understated by $25,000. D) The net income will be understated by $50,000.

Business

Assist, Inc., a § 501(c)(3) organization, receives the following sources of support during the tax year.  General public for services rendered$22,000 Governmental unit A for services rendered30,000 Governmental unit B for services rendered3,000 Governmental unit C for services rendered8,000 Gross investment income19,000 Contributions from individual disqualified persons18,000 Is Assist, Inc., classified as a private foundation? Explain.

What will be an ideal response?

Business

Which Six Sigma DMAIC phase focuses on why and how defects and errors occur?

A) control B) define C) measure D) analyze

Business

The first step in developing a master budget is always the creation of a cash budget.

Answer the following statement true (T) or false (F)

Business