The proper use and control of credit is the best way to build a good credit history
Indicate whether the statement is true or false.
Answer: TRUE
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Teri, Doug, and Brian are partners with capital balances of $20,000, $30,000, and $50,000, respectively. They share income and losses in the ratio of 3:2:1 . Income Summary with a debit balance of $30,000 is closed to the capital accounts. Doug withdraws from the partnership. How much cash does he get upon withdrawal?
a. $30,000 b. $20,000 c. $40,000 d. $24,000
No attempt is made to estimate bad debts expense under the allowance method of accounting for uncollectible accounts receivable.
Answer the following statement true (T) or false (F)
Alliances can be classified according to their strategic rationale. Which of the following are types of strategic rationale for alliances:
a. A sales alliance b. A solution-specific alliance c. A geographic alliance d. All of the above
The interest tax shield is equal to:
A) $0 B) (EBIT - I ) * (1-the tax rate). C) (equity + debt) * (1-the tax rate) D) the tax rate multiplied by the amount of interest.