Convert to a decimal: 29.53%
A) .2953
B) 2.953
C) 29.53
D) 2953
A
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Joan and Pat Clair are sisters who each own and operate shops selling the latest electronics in neighboring towns. They decide to have a contest to see whose shop can be more profitable for the year. At year-end, Joan's records show sales of $210,000,
cost of goods sold of $110,000, and operating expenses of $42,000. The records of Pat's shop reveal sales of $216,000, cost of goods sold of $124,000, and operating expenses of $38,000. Pat's shop also had other revenue of $6,000 received for allowing the shop to be used in taping a television show. Each sister claims to have won the contest. Provide explanations as to why each would think so, and then name the winner
Which of the following is an example of an external transaction cost?
A. the cost of searching for a contract manufacturer B. the cost of recruiting and retaining employees C. the cost of maintaining plant and machinery D. the cost of setting up a production unit
Annie browses for clothing at Forever 21's website, but goes to a Forever 21 store to try on and purchase the clothing. This demonstrates what aspect of e-business?
A. A firm's website may lead to increased sales in its physical stores. B. Comparison shopping is easy and quick on the Internet. C. A website always provides a revenue stream for a company. D. An e-business provides very little benefit to a company's existing operations. E. Internet sales take away from a company's traditional sales.
A company issues common stock to settle a debt, this would be classified as a(n):
A) noncash investing and financing activity. B) investing activity. C) operating activity. D) financing activity.