To settle debts of general partnerships and sole proprietorships, creditors have a claim on the owners' business and personal assets
Indicate whether the statement is true or false
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Identify the type of questions that investors may ask the presentation team when pitching a new business. How should the presenter respond to these questions?
What will be an ideal response?
The cost of goods sold as a percentage of sales is 74% for Fairyway Inc and 82% for Telasis. This means that:
a. Telasis will have greater inventory on total assets. b. Telasis will have greater profits on sale. c. Fairyway will have greater profits on sale. d. Fairyway will have greater inventory on total assets.
Facts that can be verified easily do not need to be documented in a report
Indicate whether the statement is true or false
Customers arrive at a bank at a rate of 50 per hour. The bank has 3 tellers and on average, it takes 2 minutes to service a customer
(a) What proportion of time are the tellers busy? (b) What is the average number of customers in the bank? (c) What is the average weight time?