Mike is a prospective entrepreneur looking into purchasing a venture, and he has begun to examine available opportunities through a business broker. which entrepreneurial skill is he using?

On April 2, Kelvin sold $80,000 of inventory items on credit with the terms 2/10, net 30. Payment on $60,000 sales was received on April 8 and the remaining payment on $20,000 sales was received on April 27.

The Federal Deposit Insurance Corporation insures deposits up to $250,000 per person per financial institution. Suzanne has $200,000 in an individual account and $424,000 in a joint account with her husband, Ted.

Why do so many people borrow money for large purchases instead of using sinking fund?

At the time of liquidation. Fairchild Co. reported assets of $200,000, liabilities of $120,000, common stock of $90,000, and retained earnings of ($10,000). What amount of Fairchild's assets are the shareholders entitled to receive? A. $200,000 B.

To change the money supply, the Federal Reserve most frequently uses: a) changes in the required reserve ratios. b) changes in the inflation rate. c) changes in the discount rate. d) open-market operations.

As you approach potential investors for you new business, it's important to present them with A. a good, solid business plan. B. your goals for lifelong happiness. C. your highest hopes for success. D. a detailed list of your needs.

Squirrel Co. operates in a lean manufacturing environment. For June production, Squirrel purchased 6,000 units of raw materials at $6.00 per unit on account. The journal entry required to record this transaction is: a.

The Collins Company forecasts that total overhead for the current year will be $12,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $8,000,000 and the actual machine hours are 100,000 hours.

A bond has a $1,000 par value, 11 years to maturity, and pays a coupon of 4.75% per year, semiannually. The bond can be called in five years at $1,050. If the bond's price is $797.92, what is its annual yield to maturity

This inventory system requires a physical inventory count to be made at least once during the year. Answer 1 This inventory system computes and records cost of goods sold at the time of sale.