On the balance sheet, total assets must always equal the sum of total liabilities and equity. True False

Sales were $500,000. The variable cost of goods sold was $300,000. The variable selling and administrative expenses were $75,000. Fixed costs were $60,000.

One major assumption of economics is that people

Why might Joel want a shorter auto loan term? O Monthly payments will be lower O He will not need a down payment Insurance will be cheaper O The total cost of the loan will be lower

Which of the following is an objective of internal control? A. to ensure timely payment of accounts payable B. to guarantee that a business makes a profit C. to ensure timely collection of accounts receivable D.

C. S. Lewis Company had the following transactions involving notes payable. July 1, 2014 Borrows $50,000 from First National Bank by signing a 9-month, 8% note. Nov. 1, 2014 Borrows $60,000 from Lyon County State Bank by signing a 3-month, 6% note.

Molly is a 27 year old female who looks years older than her actual age

Isaac is looking for a business angel. his best chance of finding one is through:

Which annuity payout option allows the policyowner to choose a pre-determined number of benefit payments?

Bosio Inc. s perpetual preferred stock sells for $97.50 per share, and it pays an $8.50 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the price paid by investors.

What is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5%? a. $16,576 b. $19,334 c. $18,367 d. $17,449 e. $20,352