An entrepreneur estimating costs for a new business tends to avoid looking at the A. cost of capital equipment. B. escalating costs of raw materials. C. inevitability of things going wrong. D. costs associated with hiring personnel

Capital can be differentiated between physical capital and human capital. Human capital is A. the new developments in machinery and software. B. the knowledge and skills workers acquire from education and training or from their life experiences C.

The process of brainstorming involves A. editing your work. B. checking punctuation and capitalization. C. writing a first draft. D. making a list of ideas.

Copy Center pays an average wage of $13 per hour to employees for printing and copying jobs, and allocates $19 of overhead for each employee hour worked. Direct materials are assigned to each job according to actual cost.

At which stage of marketing strategy would the marketing team address the question, "should we engage in these practices?"

You are considering replacing your aging propane furnace for a natural gas model. The propane model originally cost $2,200, will last 6 more years, and will have no salvage value.

Which of the following statements about materials is false? Select one: a. The use of direct materials gives rise to a debit to Work-in-Process Inventory. b. Acquisitions of materials are normally charged to the Purchases account. c.

Hannah Roberts owns and operates Hannah's Pool Service Company. On January 1, Hannah Roberts, Capital had a balance of $309,170. During the year, Hannah invested an additional $22,040 and withdrew $39,010.

Q: Lisa sells 10 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $70. In addition, it took her 2 hours to make the ketchup and to do so she took time off from a job that paid her $10 per hour.

The following information was available to the accountant of Scarlet Co. when preparing the monthly bank reconciliation: Cash balance per bank statement $ 1,115 Cash balance per books (prior to reconciliation) 842 Outstanding check #643 642

Your business plan is a