An entrepreneur cannot leave his or her business because of the amount of money that was invested. This is called a(n) ________.
A. harvest plan
B. benchmarking
C. exit strategy
D. exit barrier
Answer: D
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A liquidating dividend is:
A. Only paid in shares of stock. B. Only paid in assets other than cash. C. Only declared when a corporation closes down. D. Not allowed under federal law. E. A return of a portion of the capital contributed back to the stockholders.
The statement of cash flow explains the changes that took place in the firm's cash balance over the
period of interest. Indicate whether the statement is true or false
Going to the DogsDemand for pet services is greatly increasing across the United States. In fact, Americans will spend nearly $44 billion dollars on their pets this year. Many American dog owners are seeking out "doggy daycares" that are more like a resort or spa than an ordinary kennel for their canine companion. Daycare services for dogs now include toy rooms, outside play areas, doggie massages, treadmills, swimming pools and cushy beds for nap time. Pet owners can watch their pets via a Web cam and some doggy daycares have a phone where owners can talk to their dog when they feel their pet needs to hear their voice. Rates vary from $20 to $45 a day per pet, depending on the amenities that the pet owner chooses.Refer to Going to the Dogs. When the dog daycare first launched, it most
likely appealed to which product adopter category? A. early adopter B. early majority C. late majority D. innovators E. laggards
The most recent balance sheet and income statement of Penaloza Corporation appear below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$47 $39 Accounts receivable 49 55 Inventory 36 39 Property, plant, and equipment 474 370 Less accumulated depreciation 250 218 Total assets$356 $285 Liabilities and stockholders' equity: Accounts payable$36 $35 Accrued liabilities 27 25 Income taxes payable 36 44 Bonds payable 88 80 Common stock 45 40 Retained earnings 124 61 Total liabilities and equity$356 $285 Income Statement?Sales$773Cost of goods sold468Gross margin305Selling and administrative expense189Net operating income116Income taxes35Net income$81The company paid a cash
dividend of $18. It did not dispose of any property, plant, and equipment. The company did not retire any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.The net cash provided by (used in) operating activities for the year was: A. $116 B. $117 C. $36 D. $45