A general partnership is an association of two or more persons to carry on as co-owners of a business for profit
Indicate whether the statement is true or false
TRUE
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Data element (or data field) is the smallest, or basic, unit of information.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
Pinewood Furniture manufactures a small table and a large table. The small table sells for $800, has variable costs of $750 per table, and takes 7.50 labor hours to manufacture. The large table sells for $1,700, has variable costs of $900, and takes 10 direct labor hours to manufacture. If the company has no sales limitations on either product, it should make and sell as many of the large tables as possible to maximize operating income.
Small firms that wish to export their products may choose to use ________ who understand the local market and will find buyers and negotiate terms on the firm's behalf
A) direct investors B) franchisees C) export merchants D) franchisors E) free traders
In preparing a company's statement of cash flows for the year just ended, the following information is available: Loss on the sale of equipment$14,000Purchase of equipment 225,000Proceeds from the sale of equipment 106,000Repayment of outstanding bonds 87,000Purchase of treasury stock 25,000Issuance of common stock 96,000Purchase of land 115,000Increase in accounts receivable during the year 33,000Decrease in accounts payable during the year 75,000Payment of cash dividends 35,000Net cash flows from financing activities for the year were:
A. $340,000 of net cash used. B. $147,000 of net cash used. C. $26,000 of net cash used. D. $51,000 of net cash used. E. $347,000 of net cash used.