A great business idea is

A. an idea that no one else has ever thought of.

B. all you need to succeed.

C. something that comes along once in a lifetime.

D. the beginning of a great business.

ITS NOT A.

The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,445,000, $149,000 in the common stock account, and $2,740,000 in the additional paid-in surplus account.

Marketing strategy addresses a specific target market with a cohesive marketing mix of: A. Product, price, place, promotion B. Product, price, promotion, profit C. Positioning, performance, potential, profitability D.

Suppose the spot exchange rate for the Hungarian forint is HUF 203.86. The inflation rate in the United States will be 1.2 percent per year. It will be 4.2 percent in Hungary. a. What do you predict the exchange rate will be in one year? b.

Tyler and Josie formed a partnership. Tyler received a 25 percent interest in partnership capital and profits in exchange for land with a basis of $40,000 and a fair market value of $60,000.

A warewashing machine and/or the compartments of sinks/basins must be cleaned:

Cardwire Inc. has decided to lower the price of all its products to keep up with its competitors. To achieve this, the company needed to lower its overall costs.

Jane has multiple managers at her retail job. It is company policy that customers cannot return items without a receipt, but sometimes managers will allow customers to receive store credit for their returns.

Oakpark, Inc.'s $180,000 Accounts Receivable balance at December 31 consisted of $160,000 current balances and $20,000 past-due balances. At December 31, the Allowance for Doubtful Accounts had a credit balance of $1,600.

Hans Company purchased bonds of Zimmer Corporation. Hans Company expects to hold the Zimmer Corporation bonds for more than one year. On its classified balance sheet, Hans Company should report the Zimmer Corporation bonds as1. a current asset. 2.

Bob and Carol refinanced their sole residence, valued at $500,000, in 2019. Under the refinancing arrangement, they refinanced their $300,000 indebtedness for $400,000, receiving $100,000 in cash that they used to pay for their daughter's wedding.