Owner's withdrawals are not reported on a business's income statement.
Answer the following statement true (T) or false (F)
True
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Aunt Anastasia's available hours for paint and seal have fallen from 80 hours to 60 hours because of other commitments. How will this affect her profits?
A) Profits will increase by $30. B) Profits will decrease by $20. C) Profits will increase by $20. D) Profits will not change.
The set of business processes required to purchase goods and services is known as
A) cycle inventory. B) safety inventory. C) seasonal inventory. D) sourcing.
An appliance salesperson receives a monthly salary of $2,250, plus a commission of 4.5% on all sales. Compute total pay for a month in which she sold $98,450 worth of appliances
An advantage of a ________ is that it avoids giving shareholders false hopes.
A) constant-payout-ratio policy B) regular dividend policy C) low-regular-and-extra dividend policy D) target dividend policy