Unlimited liability and separate taxation of the business are advantages of a sole proprietorship.

Answer the following statement true (T) or false (F)


False

Business

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A 2-for-1 stock split increases the par value per share

a. True b. False Indicate whether the statement is true or false

Business

Market development strategies consider customers who either have been targeted by the firm or the firm's competitors but have never purchased product from the firm or its competitors

Indicate whether the statement is true or false

Business

Leaverton's forecast of sales is as follows: July, $60,000; August, $90,000; September, $130,000 . Sales are normally 80 percent cash and 20 percent credit in any month. Credit sales are collected in full in the following month. Merchandise cost averages 60 percent of sales price. The company desires an inventory as of September 30 of $52,000 . The inventory as of June 30 was $25,000. Total

purchases that must be made in order to meet sales and inventory requirements for the quarter amount to a. $195,000. b. $253,000. c. $141,000. d. $307,000.

Business

There are people who have similar income and education levels, and often share tastes in clothing, decorating styles, and leisure activities

These people also share many political and religious beliefs as well as ideas regarding valued activities and goals. These people could all be categorized as being in the same ________. A) family life cycle B) social class C) regional group D) operant conditioning set E) microculture

Business