Which of the following is the name for a portion of the ownership of a? corporation?
A) Schedule C
B) Stock
C) Partnership
D) LLC
E) Dividend
Ans: B) Stock
Explanation: B) A corporation will sell stocks, portions of ownership, in order to raise capital. Stock represents a portion of ownership in a corporation.
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The data below is for Music Corporation for 2016. Accounts receivable—January 1, 2016 $236,000 Credit sales during 2016 820,000 Collections from credit customers during 2016 590,000 Customer accounts written off as uncollectible during 2016 8,000 Allowance for doubtful accounts—January 1, 2016 8,700 Estimated uncollectible accounts based on an aging analysis 9,600 Refer to the data for Music
Corporation. If the aging approach is used to estimate bad debts, what amount should be recorded as bad debt expense for 2016? a. $8,000 b. $8,100 c. $8,700 d. $8,900
An advantage of outdoor advertising is in its ability to reach a wide, targeted audience.
Answer the following statement true (T) or false (F)
Which of the following is an advantage that self-regulatory agencies such as the BBB and the NARB have over governmental laws and regulatory agencies?
A. Firms must strictly abide by the rulings of self-regulatory agencies. B. Establishment and implementation are usually less expensive. C. They have better tools to enforce their rulings. D. Guidelines are often stricter and create greater compliance from firms. E. Money is very rarely an issue in enforcing decisions of self-regulatory agencies.
The least unit cost method of lot-sizing adds ordering, stockout, and inventory carrying costs for each trial lot size and divides by the number of units in each lot size, picking the lot size with the lowest unit cost.
Answer the following statement true (T) or false (F)