Which business below is most likely to have cash flow that is cyclical?
A. gas station
B. pet food business
C. tax return preparation business
D. grocery store
Answer: C
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How do retailers and vendors ensure that the information that passes back and forth between them is secure?
A. With a high level of planning, implementation, and control of the flow of information, the information will be secure. B. Suppliers, customers, and new clients all have a form of access to information. C. The system ensures that the information received has not been tampered with by ensuring that the communication is both authentic and authorized. D. There is an element of trust that is necessary in doing business with one another. E. Paper hard copies are sent back and forth for comparison to be certain that the information is accurate.
Bellarim Corporation made cash sales to customers. What effect does this transaction have on the accounting equation?
A) Liabilities and retained earnings increase B) Assets and liabilities increase C) Assets and retained earnings increase D) There is no net effect on the accounting equation, as one asset account increases while another asset account decreases.
A written document describing all relevant internal and external elements and strategies for starting a new venture, best describes:
A. a business plan. B. an executive summary. C. a feasibility study. D. an environmental analysis.
In a promissory estoppel case, a court will generally award:
a. only reliance damages. b. specific performance. c. both reliance and punitive damages. d. only nominal damages.