To locate a lawyer in helping with government regulations, a small business owner will refer to the ________.
A. Case Law Information Services
B. National Small Business Association
C. Martindale-Hubbell Law Directory
D. General Accounting Office
Answer: C
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Financial and managerial accounting both provide useful information, but each has a different emphasis. Briefly distinguish between financial and managerial accounting as they relate to the 1) primary users, 2) purpose of information, and 3) focus and time dimension of the information.
What will be an ideal response?
Riley Industries is considering an investment that will require an initial cash outlay of $200,000 to purchase non-depreciable assets. The project promises to return $60,000 per year (after-tax) for eight years with no salvage value. The company's cost
of capital is 11 percent. The company is uncertain about its estimate of the life expectancy of the project. How many years must the project generate the $60,000 per year return for the company to at least be indifferent about its acceptance? (Do not consider the possibility of partial year returns.) Present value tables or a financial calculator are required.
Which of the following is the best example of the use of demographic segmentation?
A) Wonderla, a chain of amusement theme parks, targets families with children. B) Waveforms markets its surfboards to cities in coastal regions. C) Orchard Fresh sells its fruit-based ice -creams only in summer. D) Iron Horse designs custom motorcycle accessories for bikers.
Describe the characteristics that an emotional champion is likely to have.
What will be an ideal response?