Aunt Anastasia can obtain an additional 10 hours of kiln capacity free of charge from a friend. If she did this, how would her profits be affected?
A) Profit would increase by $25.
B) Profits would decrease by $25.
C) Profits would decrease by $6.25.
D) Cannot tell from the information provided.
Answer: D
Business
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Casey worked as an engineer for Kent Solutions, a company that produced household appliances. He had many innovative ideas for the company, but most were never explored to his satisfaction. He left the corporation to pursue his own business and try his own ideas. His new business venture would be considered
A. Entrepreneurship. B. A spin-off. C. Corporate espionage. D. A corporate skunkworks. E. Corporate theft.
Business
Which of the following is an example of an estimable probable contingency?
A) FICA Taxes Payable B) Income Taxes Payable C) Warranty Payable D) Accounts Payable
Business