What is the term for a business owned by one person?

Speculative investments are high-risk investments with the possibility of high returns in a short period of time. True False

g You earn $40,221 at your job and must pay 11% of your income in taxes. You then decide to save 8% of your disposable income. How much do you have left for consumption spending? Round to two decimal places.

This year Aetna announced it was moving out of Hartford, Connecticut, where it had held it headquarters for over 100 years. The announcement sent shockwaves through an already economically challenged state.

ABC Corporation has three service departments with the following costs and activity base: Service Department Cost Activity Base for Allocation Graphics Production $200,000 number of copies made Accounting 500,000 number of invoices processed

Which of the following items is not considered evidence in determining if a valuation allowance is necessary? A. A cumulative book loss over some period of time. B. Management projects future taxable income based on a backlog of signed contracts. C.

Describe the key risks and return associated with investing? What

You have $35,900 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,200 and then deposit a check for $6,800. What are your disbursement, collection, and net floats?

Suppose the money supply (as measured by checkable deposits) is currently $700 billion. The required reserve ratio is 25%. Banks hold $175 billion in reserves, so there are no excess reserves.

Which of these assumptions can an entrepreneur safely make when planning a start-up? Check all that apply. Setting up a business in a large city will guarantee its success. Customers exist for every product.

An allocation base, such as direct labor-hours, direct labor dollars, or machine-hours, is used to assign manufacturing overhead to products. Allocation bases are used because: a.