In private venture-capital firms, limited partners provide the funding and the general partner manages the fund.
Answer the following statement true (T) or false (F)
True
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The core offensive strategies are "invest to grow","improve position", and "new market entry"
Indicate whether the statement is true or false
What are the often cited benefits of IT outsourcing?
If an investor-owned hospital receives donations whose use is restricted, the cash must be reported as a restricted item on the balance sheet in the equity section.
Answer the following statement true (T) or false (F)
Erie Company reports the following comparative balance sheets and income statement information for the current year. Comparative Balance Sheets 12/31/201512/31/2016Assets Cash $90,000? $ 50,000 Accounts receivable 34,000? 18,000? Prepaid insurance 34,000? 42,000? Inventory 10,000? 26,000? Property, plant & equipment 42,000? 50,000? Total Assets $ 210,000 $186,000? Liabilities and Stockholder's Equity Accounts payable $ 50,000 $34,000? Salaries payable 18,000? 42,000? Long-term notes payable 26,000? 34,000? Common stock 22,000? 22,000? Retained earnings 94,000? 54,000? Total Liabilities and Stockholders'
Equity $ 210,000 $186,000? 2016 Income StatementRevenue$290,000? Cost of goods sold (162,000)? Gross margin 128,000? Operating expenses (82,000)? Net income$46,000? Assuming accounts payable is used for inventory purchases only, what was the amount of cash paid for inventory purchases during the year? A. $34,000 B. $194,000 C. $162,000 D. $178,000