Big businesses are more likely to fail than small businesses
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: For reasons ranging from lack of financial support to aggressive competition, small businesses are more apt to fail than big businesses are.
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The sale of plant assets and the payment of dividends will increase free cash flow
Indicate whether the statement is true or false
Limited liability and indefinite business life are characteristics of a corporation.
Answer the following statement true (T) or false (F)
On June 30, Coral, Inc finished Job 750 with total job costs of $4,700, and transferred the costs to Finished Goods Inventory
On July 6, it completed the sale of the goods to a customer for $5,000 cash. Which of the following is the correct journal entry to record the cost of goods sold? A) debit Finished Goods Inventory $4,700 and credit Cost of Goods Sold $4,700 B) debit Cost of Goods Sold $4,700 and credit Work-in-Process Inventory $4,700 C) debit Work-in-Process Inventory $4,700 and credit Cost of Goods Sold $4,700 D) debit Cost of Goods Sold $4,700 and credit Finished Goods Inventory $4,700
A simulation model:
A) describes operating characteristics with known equations. B) replicates the service of customers and keeps track of characteristics such as the number in line, the waiting time, and the total time in the system. C) prescribes what should be done in a situation. D) finds the optimal solution to a problem without having to try each alternative.