The fact is the question that caused the lawyers and the clients to enter the legal system

Indicate whether the statement is true or false


FALSE

Business

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Joline operates Adventure Tours as a sole proprietorship. For the year, Adventure Tours has the following income and expense items: Sales revenues$325,000  Short-term capital gains5,000  Short-term capital losses(9,000) Trade and business expenses(185,000) Taxable income$136,000  ? If Joline has other income of $6,000, what is her adjusted gross income?

A. $141,000 B. $142,000 C. $143,000 D. $146,000

Business

__________ refers to the tendency for the presence of others to enhance one's performance.

A. Public praise B. Social facilitation C. Community motivation D. Social performance E. Societal inspiration

Business

Each of the following is a decision that can be avoided if a firm refuses to offer credit EXCEPT:

A) Collection period B) Discounts to give fast payers C) Accounts Payable D) Who to extend credit to

Business

________ ratio is a liquidity ratio that indicates the extent to which short-term assets can decline and still be adequate to pay short-term liabilities.

A) Debt-equity B) Current C) Profitability D) Return on investment E) Stockholders' equity

Business