Sondra is a business angel who is looking for a start-up company in which to invest. Which company would she most likely invest in based on current research?
A. A company that currently has fewer than 20 employees and has plans to grow
B. A business out of her home state to diversify her risk
C. A business in an industry in which she has no experience
D. A company formed by a group of experts in the industry
Answer: A
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A company has net sales on account of $1,200,000 . Net accounts receivable at the beginning of the year are $500,000 and net accounts receivable at the end of the year are $700,000 . The average number of days that the accounts receivables were on the books was
a. 8.7 days. b. 182.5 days. c. 304.0 days. d. 439.8 days.
Which policymaking institution determines the money supply, sets the rules for how checks are cleared and how banks obtain new currency, and determines what activities banks may or may not engage in?
A. Treasury Department. B. Commerce Department. C. Securities and Exchange Commission. D. Federal Reserve System.
Explain the remedy of specific performance.
What will be an ideal response?
Each general ledger account used in the purchases journal must be posted daily during the accounting period
Indicate whether the statement is true or false