Why should small business owners understand the concept of contract modification and settlement of disputed and undisputed debts?

Momentum Rollerblades has three product lines: D, E, and F. The following information is available: D E F Sales revenue $90,000 $40,000 $30,000 Variable costs (40,000) (10,000) (10,000) Contribution margin $50,000 $30,000 $20,000 Fixed costs

Wilderness Adventures specializes in back-country tours and resort management. Travel Excitement specializes in making travel reservations and promoting vacation travel.

An accountant has debited an asset account for $700 and credited a liability account for $620. Which of the following would be an incorrect way to complete the recording of the transaction?

Firms HD and LD are identical except for their level of debt and the interest rates they pay on debt. HD has more debt and pays a higher interest rate on that debt.

Every morning, peter goes to one of the nearby convenience stores and buys a carton of levin's chocolate milk for breakfast. when the store is out of levin's, peter goes without milk rather than buying other popular brands of chocolate milk.

Tim values treat for his dog at $10 per box, and John values them at $6 per box. If the price of dog treats is $3 per box, but only one box is available between these two buyers, then gains from trade will be maximized when: a. Tim buys treats. b.

Equity is: A) funds invested in a company by shareholders B) dividends C) debt provided by a bank or online credit company D) payments made by customers to the customers to the company for units sold

Oil Field Services has net income of $120,400, total assets of $1,219,000, total equity of $694,100, and total sales of $1,521,700. What is the common-size percentage for the net income?

Choosing a home can be a very personal matter. Some people care most about the location, while others are most concerned about the size, style, and amenities.

As a manager your organization is constantly confronted with a variety of changes in the market or a wide range of situations. You have to recruit and select a manager for a group of employees responsible for several related products.