In the context of financial activities, new firms typically have only investing activities and financial activities.
Answer the following statement true (T) or false (F)
False
New businesses, unlike established companies, are unlikely to have either investing activities or financing activities. New entrepreneurial ventures typically have only one type of activity: operations.
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Narrative 14-1For problems in this section, use Table 14-1 from your text to find the monthly mortgage payments, when necessary. Suppose you earn a gross income of $2,730 per month and apply for a mortgage with a monthly PITI of $510.51. You have other financial obligations totaling $431.34 per month. (Use the ratio guidelines from your text) What type of mortgage, if any, would you qualify for?
A. FHA only B. FHA and Conventional C. Conventional only D. None
Regulators often have legal authority over certain activities of organizations.
Answer the following statement true (T) or false (F)
The cost of the business process is the cost of the inputs plus the cost of the outputs.
Answer the following statement true (T) or false (F)
The purpose of the Federal Water Pollution Control Act is to ensure the ________
A) quality of water in the waterways B) quality of the drinking water C) quality of the water for domestic purposes D) reduction of hazardous wastes and toxic substances in all water bodies