I own 75 shares of stock in IBM. What type of business is IBM?

a. Sole Proprietorship

b. Partnership

c. Nonprofit Corporation

d. Corporation

Sarah owns and operates a retail sporting goods business as a sole proprietor. Her store is located on the ground floor of a two-story building that she owns.

A surplus of labor is synonymous with which of the following? a) inflation b) unemployment c) economic growth

Explain briefly why professional certification and membership in professional organizations are important.

At the end of 2011 , the government of China 's debt was yen12.2 trillion. (yen is yuan , the currency of China ). In 2012 , the government spent yen12.7 trillion and ended the year with a debt of yen11.6 trillion.

Jonas enters into an oral contract with Chelsea to lease his house to her for $100,000. Chelsea pays him $100,000 and moves in.

What information does a firm's income statement provide to the viewing public?

Pettit Company reports net income of $90,000 in 2019. However, ending inven - tory was understated $7,000.

Which industry, more than any other, brought the West into the global economy of capital, commodities, and labor?

During Year 1, its first year of operations, Galileo Company purchased two available-for-sale investments as follows: Security Shares Purchased Cost Hawking Inc. 750 $33,375 Pavlov Co.

Mployee theft of inventory from the warehouse because there are no restrictions on warehouse access and the client does not reconcile inventory on hand to recorded amounts on a timely basis.