Identifying an unmet need does not ensure that a venture will succeed in the mar-ket. Therefore, a business plan should include the—
a. main competitive methods used by potential rivals.
b. product lines of every potential rival.
c. product lines of major potential rivals.
d. all(a-c) should be included in the business plan.
e. botha and bshould be included.
e
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Comet Company prepares monthly income statements. A physical inventory is taken only at year-end; hence, month-end inventories must be estimated. All sales are made on account. The rate of markup on cost is 50 percent. The following information relates to the month of May: Accounts receivable, May 1 ............................ $20,000 Accounts receivable, May 31
30,000 Collection of accounts receivable during May .......... 50,000 Inventory, May 1 ...................................... 36,000 Purchases of inventory during May ..................... 32,000 The estimated cost of the May 31 inventory is a. $24,000. b. $28,000. c. $38,000. d. $44,000.
Which of the following lines of code is syntactically correct?
A. DECLARE order NUMBER; departure DATE; BEGIN ---- executable statements --- END B. DECLARE order NUMBER; departure DATE BEGIN ---- executable statements --- END C. DECLARE order NUMBER(2); departure DATE; BEGIN; ---- executable statements --- END D. DECLARE order NUMBER(3); departure DATE; BEGIN ---- executable statements --- END;
Companies can use two different methods to report the amount of cash flow from their investing and financing activities on the statement of cash flows
Indicate whether the statement is true or false
What is one of the big assumptions one makes when projecting revenue for the venture concept?
a. Assuming those who make an initial purchase will continue to be repeat purchasers b. Assuming customers currently satisfied with existing alternatives will switch to your offering c. Assuming those who make an initial purchase will not continue to be repeat purchasers d. None of the above