Jim organized, and owns and operates, Jim's Landscaping Service in the simplest form of business organization. This is
A. a corporation.
B. a limited liability company.
C. a partnership.
D. a sole proprietorship.
Answer: D
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For each of the following activities, indicate an appropriate allocation base:
Calculating competitive strength ratings for a company and comparing them against strength ratings for its key competitors helps indicate
A. which competitors are employing offensive strategies and which competitors are employing defensive strategies. B. which weaknesses and vulnerabilities of competitors the company might be able to attack successfully. C. which competitors are likely to make money and which are likely to lose money in the years ahead. D. which competitors are in profitable strategic groups and which competitors are in unprofitable strategic groups. E. what the industry's key success factors are.
The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$126,000Cash dividends declared for the year 46,000Proceeds from the sale of equipment 81,000Gain on the sale of equipment 7,000Cash dividends payable at the beginning of the year 18,000Cash dividends payable at the end of the year 20,000Net income for the year 92,000The amount of cash dividends paid during the year would be:
A. $64,000. B. $8,000. C. $44,000. D. $46,000. E. $48,000.
The ________ is the quantity to purchase that balances the cost of placing the order with the cost of carrying the inventory.
A. stockout quantity B. standing order inventory C. purchase inventory D. economic order quantity