Which of the following is an advantage of incorporation?

a. limited access to capital

c. limited liability

b. unlimited liability

d. short life of the company

A liability created when a business collects cash from customers in advance of providing services or delivering goods is called? a (n)

Purchases were made on account on August 5th in the amount of $100,000 with terms of 1/10, n/30. The bill was paid on August 14th. In a perpetual inventory system the journal entry to record the payment would include

The following information was taken from the bank reconciliation for Mooner Sooner Inc. at the end of the year: Bank balance: $9,000 Checks outstanding: $7,800 Note collected by the bank: $1,300 Service fee: $21 Deposits outstanding: $4,600 NSF

Explain the importance of insurance to businesses

On January 1, the first day of its fiscal year, Pretender Company issued $12,700,000 of five-year, 11% bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually.

Acme Foods wants to make its chips saltier, but it doesn't want to spend more than it has to on salt. A sample of consumers are asked to compare its current chip (saltiness = 100) with saltier versions and to say whether the new version is saltier.

Which of the following comparisons best isolates the impact of a change in activity on performance?

If an investor anticipates an annual rental income from a leased property to be $400,000 dollars, this expected sum has a direct bearing on what the investor will pay for the property. This is an example of

In comparison to industry averages, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio. Which of the following would be the most reasonable inference about Okra Corp.? A. Its current liabilities are too low. B.

The individual with the highest valuation of the good will win in which of the following auctions? A. Sealed Bid Auction B. English Auction C. Dutch Auction D. All of the above.