Money is

a. valuable because it is backed by gold.

b. whatever is generally accepted in exchange for goods and services.

c. anything that is a liability of a commercial bank

d. an object to be consumed.

Linda is starting a new cosmetic and clothing business and would like to make a net profit of approximately 10% after paying all the expenses, which include merchandise cost, store rent, employees' salary, and electricity cost for the store.

You plan to deposit $100 per week into a fund that pays interest of 6% per year, compounded quarterly. Identify the interest period, compounding period, and the number of times interest is compounded per interest period.

Which of the following is true when using a template your employer has created? A. A template makes it easier to accidently skip adding necessary parts of the document. B. A template allows you to customize your document. C.

Mighty Leaf Tea Company and Bigelow Tea are restaurants and cafeterias, providing tea in attractive display options that these retail establishments then use to sell tea to their customers.

A new business has been formed and anticipates raising equity investment from more than 100 individual investors, none of whom are venture capital funds.

Every decision should be thoroughly considered using a decision-making process. True or False

The following are budgeted dа ta: January February March Sales in units 15,200 20,400 18,200 Production in units 18,200 19,200 17,100 One pound of material is required for each finished unit.

All of the following are associated with reporting controllable costs except:a. At lower levels, management have fewer controllable costs. b. Lower-level managers are responsible for detailed costs and so receive detailed reports. c.

Jake can complete an oil change in 45 minutes and he can write a poem in 90 minutes. Ming-la can complete an oil change in 30 minutes and she can write a poem in 90 minutes.

Samantha, a one-third partner, has an adjusted basis of $90,000 for her partnership interest. If Samantha sells her entire partnership interest to Emma for $100,000 cash, what is the amount and character of Samantha's gain or loss from the sale? a.