What are small-business investment companies? Name some companies that were financed through SBICs during their initial stages.
What will be an ideal response?
A small-business investment company (SBIC) is a privately owned firm that provides venture capital to small enterprises that meet its investment standards. Apple Computer, Federal Express, Compaq Computer, Intel Corporation, Outback Steakhouse, Staples, Inc., and America Online were all financed through SBICs during their initial growth period.
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Managers of family-owned businesses must agree to hire any family member who shows an interest in joining the business.
Answer the following statement true (T) or false (F)
What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance account is $7,750 before adjustment, and the unexpired amount per analysis of policies is $3,250?
A. Debit Insurance Expense, $4,500; credit Prepaid Insurance, $4,500. B. Debit Prepaid Insurance, $4,500; credit Insurance Expense, $4,500. C. Debit Insurance Expense, $7,750; credit Prepaid Insurance, $7,750. D. Debit Cash, $7,750; Credit Prepaid Insurance, $7,750. E. Debit Insurance Expense, $3,250; credit Prepaid Insurance, $3,250.
A spokesperson for Mott's apple juice encourages television audiences to use its juice in the winter by serving it hot with a cinnamon stick. In this instance, Mott's is using promotion to
A. stimulate primary demand. B. offset competitors' promotional efforts. C. facilitate reseller support. D. retain loyal customers. E. reduce sales fluctuations.
An attempted acceptance that changes even minor terms is labeled a counteroffer
Indicate whether the statement is true or false