When small businesses compete with large firms, a main disadvantage is
A. lacking flexibility.
B. operating at a cost level.
C. analyzing unusual or unique competitive factors.
D. reaching break-even point quicker.
Answer: B
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Platek Company buys 100 percent of the stock of Brendel Company for $180,000 . Brendel Company has contributed capital of $105,000 and retained earnings of $75,000 . The consolidated financial statements would contain
a. minority interest and goodwill. b. minority interest but not goodwill. c. goodwill but not minority interest. d. neither minority interest nor goodwill.
Stomberg Corporation has provided the following data concerning an investment project that it is considering: Initial investment$550,000 Annual cash flow $180,000per yearSalvage value at the end of the project 14,000?See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.The life of the project is 4 years. The company's discount rate is 10%. The net present value of the project is closest to:
A. $184,000 B. $29,982 C. $579,982 D. $20,420
If the cost of materials purchased in the period is $200,000, and $185,000 is used in the manufacturing process, then the unused $15,000 is ________
a. part of work in process inventory in the period b. classified as materials inventory on the balance sheet c. part of finished goods inventory on the balance sheet d. a period cost
A company purchased mining property for $4,875,000 containing an estimated 15,000,000 tons of ore. In Year 1, it mined 689,000 tons of ore and in Year 2, it mined 935,000 tons. Calculate the depletion expense for Year 1 and Year 2 and determine the book value of the property at the end of Year 2.$4,875,000/15,000,000 tons = $0.325 per tonYear 1: 689,000 tons * $0.325 per ton = $223,925Year 2: 935,000 tons * $0.325 per ton = $303,875
What will be an ideal response?