Hailey Wilson loves to cook and receives unqualified praise whenever she prepares a meal for someone. Encouraged by these compliments and eager to put her culinary talents to good use, Hailey decides to open a small neighborhood restaurant. Since she plans to maintain complete control of the business, she will most likely organize it as a
A. limited partnership.
B. corporation.
C. general partnership.
D. cooperative.
E. sole proprietorship.
Answer: E
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________, such as Target and Kohl's, provide merchandise return and offer credit, but customers select merchandise without much assistance
A) Self-service retailers B) Full-service retailers C) Specialty retailers D) Off-price retailers E) Limited-service retailers
Answer the following statements true (T) or false (F)
1. Financial projections are usually very precise and correspond almost identically to reality. 2. Financial projections are built around sales in USD. 3. Linear trends are most useful. 4. For startup firms, projections over long time horizons are rarely supported by either historic data or by methodologies that have good predictive power. 5. When dealing with expenses, direct costs are not projected in the same manner as revenue.
Bendel Inc. has an operating leverage of 7.3. If the company's sales increase by 3%, its net operating income should increase by about:
A. 3.0% B. 7.3% C. 21.9% D. 243.3%
The period of a note is the time from the note's (contract) date to its maturity date.
Answer the following statement true (T) or false (F)