Markets consist of the individuals or organizations that need and want the goods and services offered by organizations. O True O False

Treadwell Tire Company had net accounts receivable of $67,900 at the beginning of the year and $72,400 at the end of the year. The company's net sales revenue during the year was $876,875. What was the receivables turnover ratio for the year

Which of the following is an internal control procedure used to safeguard a company's assets? Multiple Choice Timely deposits of cash receipts into a checking account Separation of duties Reconciliation of the bank statement All of these answer

To be successful, what must an entrepreneur be willing to invest? Check all that apply.

Which of the following is NOT a useful strategy when making an informed purchase

Doug wants to start up his own business, and needs $25,000 to get it off the ground. He can either withdraw it from his savings account, where he currently earns 3 percent, or he can take out a loan for $25,000 and pay 5 percent interest.

Rowan Co. purchases 100 common shares (40%) of JBI Corp. as a long-term investment for $500,000 cash on July 1. JBI Corp. paid $5,000 in total cash dividends on November 1 and reported net income of $100,000 for the year.

The accumulated depletion account is a. an intangible asset account b. reported on the balance sheet as a deduction from the cost of the mineral deposit c. an expense account d. reported on the income statement as other expense

The project will require an initial investment of $20,000, but the project will also be using a company-owned truck that is not currently being used. This truck could be sold for $14,000, after taxes, if the project is rejected.

Many new business will run at a loss in the beginning? A. TRUE B. FALSE

The one-to-one property of natural logarithms states that if ln x = ln y, then