A partnership is a business owned by two or more people

a. True

b. False

Price is constant to the individual firm selling in a purely competitive market because a. the firm's demand curve is downsloping. b. of product differentiation reinforced by extensive advertising. c.

Suppliers are powerful when no satisfactory substitutes are available, the selling industry is relatively more concentrated than the purchasing industry, and switching costs are high. True or false?

Geary Co. assigned $1,600,000 of accounts receivable to Kwik Finance Co. as security for a loan of $1,340,000. Kwik charged a 2% commission on the amount of the loan; the interest rate on the note was 10%.

Pompeii, Inc., has sales of $50,000, costs of $23,000, depreciation expense of $2,250, and interest expense of $2,000. If the tax rate is 23 percent, what is the operating cash flow, or OCF

Watson Company has 5,000 shares of $5 par, 3% preferred stock outstanding and 25,000 shares of $2 par common stock outstanding. The preferred stock is cumulative, and no dividends have been paid for the past two years.

Bill signs a check payable to the order of City Bank, filling in the blanks for the amount with the figures "$100" and "One thousand and 00/100dollars." This check is payable in the amount of a. $0. b. $100. c. $1,000. d. $1,100.

Sarah has recently started a restaurant in a commercial area where there are many other established restaurants and popular fast food chains.

The market price of a security is $43. Its expected rate of return is 20%. The risk-free rate is 3% and the market risk premium is 7.8%.

Select the correct answer from the drop-down menu. Which type of college credit program does the statement describe?

Anderson's Furniture Outlet has an unlevered cost of capital of 8%, a tax rate of 35%, and expected earnings before interest and taxes of $1,500. The company has $3,500 in bonds outstanding that have a 5% coupon and pay interest annually.