In a sole proprietorship, the business itself pays no taxes because it is not separate from the owner. T True F False

Although a major advantage of the corporate form of entity is the liability protection for its principals, there are some cases where a court will disregard the corporate entity and allow a creditor or judgment holder to reach through the

A university dean is interested in determining the proportion of students who receive some sort of financial aid.

A monopoly is a market for a good or service that

The corporation Mandy's Muffins makes a profit in 2015. The managers of Mandy's Muffins decide to distribute the profits to the corporation's shareholders in proportion to the number of shares held.

A company purchased a tractor at a cost of $36,000 and sold it three years later for $18,000. The company recorded depreciation using the straight-line method, a five-year service life, and a $2,000 residual value.

Richard hires Paul to paint his kitchen in two eight-hour days of work for $500. At the end of the first day, the kitchen is 85 percent complete. Richard asks Paul to stay late and finish.

A manager demonstrates when he listens carefully to his subordinates and works to build trusting relationships.

On March 1, 2017, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash.

A. Assume that the risk-free rate is 8 percent, the required rate of return on the market (or an average-risk stock) is 13 percent, and the required rate of return on Acme Healthcare stock is 15 percent.

taxes: a. are unlikely to affect market supply and demand b. are copmulsory payments to governments c. never affect efficiency in the allocation of resourcesd. are voluntary payments to governments