Which of the following statements is true of starting a business from scratch?
A. It ishard to get credit from both lenders and suppliers.
B. It results in high overhead costs.
C. The ongoing percent-of-sales royalty fee can be very high.
D. There is no scope for creativity.
Answer: A
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Which of the following is not a characteristic of extraordinary items reported on the income statement?
a. appear near the end of the income statement b. reported separately from continuing operations c. shown net of tax effects d. is shown as a combined amount with discontinued operations
What is an ethics ombudsperson?
What will be an ideal response?
Which of the following product categories is typically priced according to the penetration
pricing approach? A) automobiles B) consumer packaged goods C) high-end electronics D) industrial equipment
Salaries of $6,400 are paid for a five-day week on Friday. Prepare the adjusting journal entry that is required if the month ends on Thursday