Which of the following describes working capital?

A. Total debt minus stockholders' equity

B. Current assets minus current liabilities

C. Cost of goods sold divided by average merchandise inventory

D. Current assets minus merchandise inventory

In January, Hometown Ice Cream Shoppe reported the following balances in their income statement accounts. Based on this information, the closing entry to Retained Earnings will be?

Sandra Kristof sells furniture for McKinney Furniture Company. Kristof is having financial problems and takes $650 that she received from a customer. She rang up the sale through the cash register.

Retail sale is a measure of durable and nondurable good bought by consumers. What are some examples of durable and nondurable goods?

An increase in interest rates affects aggregate demand by A. shifting the aggregate demand curve to the left, reducing real GDP and lowering the price level. B.

Connie has $666,000 she wants to save. If the FDIC insurance limited per deposited, per bank, is $250,000, which of these ways of distributing her money between three banks will guarantee that all of her money is insured? A.

Have you ever had an experience where you were not fully aware of what you were purchasing or service you were agreeing to?

Concord Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 1,820 kits was prepared for the year.

What is the major advantage of an LLP? a. It limits the personal liability of partners to only their own wrongful acts. b. It increases the liability of the partners. c. It allows the partnership to be taxed as a corporation.

A firm has a positive net worth and is operating its fixed assets at full capacity, if its dividend payout ratio is 100%, and the company wants to hold all financial ratios constant, then for any positive growth rate in sales, it will require

Maxim manufactures a cat food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable production costs per bag are $1.90 and total fixed costs are $10,000. The cat food can be sold as it is for $9.