Which of the following types of innovation is likely to create new and often unexpected markets?
a. sustaining innovation
b. disruptive innovation
c. incremental innovation
d. gradual innovation
b. disruptive innovation
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Lessington Corporation purchases 4,000 shares of Gonzalez Company common stock for $150,000 cash. Gonzalez has 500,000 shares of stock currently outstanding. Lessington's entry to record the purchase would include a:
A. Debit to Equity Method Investment for $150,000. B. Debit to Stock Investments for $150,000. C. Credit to Common Stock for $150,000. D. Debit to Long-Term Investments-AFS for $150,000. E. Credit Equity Method Investment $150,000.
Xavier and Yolonda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net income of $40,000 is allocated to Xavier?
A) $20,000 B) $22,000 C) $32,000 D) $0
The manager of a company is considering a special project that will increase sales revenue by $27,500 without affecting costs. If the company has a tax rate of 40%, what will be the after-tax income?
A) $16,500 B) $11,000 C) $27,500 D) $38,500
By 2050, the world's population is expected to be ________.
A. 6.1 billion B. 7.9 billion C. 9.6 billion D. 5.7 billion E. 5.0 billion