Chen runs a consulting firm that provides strategies to companies that are into space exploration. What type of business does Chen own?

A.

manufacturing

B.

merchandising

C.

service

D.

wholesale

Statement of Cash Flows W. C. Cycling had $55,000 in cash at year-end 2013 and $25,000 in cash at year-end 2014. The firm invested in property, plant, and equipment totaling $250,000. Cash flow from financing activities totaled + $170,000. 1.

Last year at this time, a mutual fund had an NAV of $13.20 per share. Over the past year the fund paid dividends of $0.70 per share and had a capital gains distribution of $1.20 per share.

If product costs are misclassified as selling costs, the average cost per unit will be understated. a. Trueb. False

Diane owns a bakery where she sells cupcakes. Two blocks down there is another bakery, CC's Bakery, that sells cupcakes for $1 less than Diane. Diane decides to lower her price and match CC's Bakery prices.

Which explains the conection between the law of demand and excess demand?

Jent Corp. purchased bonds at a discount of $10,000. Subsequently, Jent sold these bonds at a premium of $14,000. During the period that Jent held this investment, amortization of the discount amounted to $2,000.

The best way to find out if a particular business is a good fit for you is to A. "shadow" an owner for several days to see what's really involved. B. try the business for two years, then sell it if it's not right for you. C.

A $100 bond with semi-annual coupons, redeemable for $105 in 12 years, is purchased to yield 4% compounded semi-annually. If the amount for amortization of premium in the first coupon is $0.

Wallace, who is single, had the following items for the current year: • Salary of $90,000. • Gain of $30,000 on the sale of § 1244 stock acquired two years earlier. • Loss of $75,000 on the sale of § 1244 stock acquired three years earlier.

Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land, he rents equipment for $70 comma 00070,000 a year, and he pays workers $120 comma 000120,000 in wages.