The portion of income that people have left over after paying for necessities such as housing, utilities, food, and clothing is called ___ income.
Fill in the blank(s) with the appropriate word(s).
Ans: discretionary
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Merchandise inventory at the beginning of the period plus net purchases minus merchandise inventory at the end of the period equals the cost of merchandise available for sale
Indicate whether the statement is true or false
What is the primary problem with redundant data?
A. It is difficult to determine which values are the most current. B. It is often inconsistent. C. It is difficult to determine which values are the most accurate. D. All of these.
What is the ultimate reason for trading equity for financial support?
a. it is more likely that the entrepreneur will build a more valuable company b. it is usually a deal/no deal option c. there will be more people interested in the company’s success d. preparing for the questions asked in pitching and due diligence will ultimately improve the company
In virtually all states a person reaches the age of majority at eighteen for the purpose of making a contract
Indicate whether the statement is true or false