A limited liability company (LLC) will be taxed as a corporation unless it elects to be taxed as a partnership. True False

Cash flows occurring in different periods should not be compared unless: Multiple Choice interest rates are expected to be stable. the flows occur no more than one year from each other. high rates of interest can be earned on the flows.

The business earns $700 of consulting revenue. How would these earnings affect the total equity of a business? a. Liabilities are decreased, so total equity is increased. b. Revenues would be decreased, so equity would be decreased. c.

The total factory overhead for Big Light Company is budgeted for the year at $807,500. Big Light manufactures two different products - night lights and desk lamps. Night lights is budgeted for 60,000 units.

When working on opportunities, sales representatives at Universal Containers need to understand how their peers have successfully managed other opportunities with comparable products, competing against the same competitors. A. Big deal alerts B.

Laurel Company factors $300,000 of receivables to Hardy Factors. Hardy assesses a 3% fee on the amount of receivables sold. Laurel Co. factors its receivables to Hardy regularly. What journal entry does Laurel make when the factoring occurs?

Suppose that Bridget and Erin spend their incomes on two goods, food (F) and clothing (C). Bridget's preferences are represented by the utility function U (F, C) = 10FC, while Erin's preferences are represented by the utility function U (F, C) =

Negative performance reviews that lack measurable and realistic goals are most likely to

Suppose that you have received $300 as a birthday gift. you can spend it today or you can put the money in a bank account for a year and earn 5 percent interest.

Which of these assumptions can an entrepreneur safely make when planning a start-up? Check all that apply. Setting up a business in a large city will guarantee its success. Customers exist for every product.

Hiring qualified personnel, segregating employee duties, and controlling physical access to assets and information are examples of what kind of internal controls? A. Preventive controls. B. Detective controls. C. General controls. D.