Which type of financial statement should you look at if you want to see a company's profits and losses over a specific period of

time?

A Income statement

B Balance sheet

С Statement of owners' equity

D Cash flow statement

Guerra Electronics manufactures a variety of electronic gadgets for use in the home. Which of the following would probably be the most accurate measure of activity to use for allocating the costs of inspecting the finished products at Guerra? a.

MJM Products, Inc., designs and sells flannel jackets. The company is willing to sell a men’s flannel jacket for as little as $45. Its main competitor is RL Outriggers, which is willing to sell the same men’s flannel jacket for as little as $40.

Which of the following business ownership structures is the simplest and easiest to set up? A. A partnership B. An LLC C. A sole proprietorship D. A C corporation

Chris promises Doreen $40,000 if she graduates fro Eagle College. Doreen enrolls in Eagle, attends full-time for four years, and graduates. When Doreen asks Chris for $40,000, Chris says, "I don't remember promising you $40,000.

When you do a vehicle check, what do you NOT need to keep an eye on?

Suppose the risk-free return is 4%. The beta of a managed portfolio is 1.2, the alpha is 1%, and the average return is 14%.

If fixed costs are $1,291,000, the unit selling price is $238, and the unit variable costs are $105, what is the amount of sales in units (rounded to a whole number) required to realize an operating income of $217,000? a. 5,424 unitsb. 11,338 unitsc.

Department W had 2,400 units, one-third completed at the beginning of the period; 16,000 units were transferred to Department X from Department W during the period; and 1,800 units were one-half completed at the end of the period.

Nieland Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $288,000 and a remaining useful life of 8 years.

Which of the following is a disadvantage of a partnership? a. potential conflicts among partners c. access to fewer resources than a sole proprietorship b. limited liability d. specialization