Because of its importance in summarizing your strategy, the Introduction and Overview of your business plan should be

A. written before you begin your research. B. written last. C. lengthy and detailed. D. repeated in a cover letter. 9

3. A politician makes the following argument: The economy would operate more efficiently if structural unemployment is completely eliminated. Therefore, a goal of government policy would be to reduce the structural UNR to the lowest level.

Hancock Medical Supply Co., earned $160,000 of revenue on account during Year 1, its first year of operation. During Year 1, Hancock collected $128,000 of cash from its receivables accounts. The company did not write-off any uncollectible accounts.

Select the incorrect statement regarding flexible budgets. Multiple Choice Flexible budgets often show the estimated revenues and costs at multiple volume levels. A flexible budget is used to compare actual to budgeted amounts.

Customers are likely to be less price sensitive when:A. it is easy to compare prices. B. someone else pays the bill. C. the total expenditure is high. D. there are substitutes available. E. their share of the cost is high

During 2016, Millstone Company earned $6,500 of cash revenue, paid cash dividends of $1,000 to owners and paid $4,000 for cash expenses. Liabilities were unchanged.

Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms n/30. The cost of the goods sold is $152,700.

What does the World Bank hope will result from the loans it makes to developing countries? A. Stabilized exchange rates for their national currencies B. Increased ability to profit from exports C. A reduction in the taxes charged to their citizens D.

A U. S. exporter has a Thai baht account receivable resulting from an export sale on June 1 to a customer in Thailand.

Brian is a 25% partner in the BC Partnership. On January 1, BC distributes $20,000 cash and land with a $16,000 fair value (inside basis $8,000) to Brian. BC has no liabilities at the date of the distribution.

Which of the following best explains how free choice is protected in a free market system