You have your own Internet business where you buy close-out stuff from stores and sell them on-line at a higher price. Your only cost is what you pay for the items and the shipping charge per item. Last year you bought and then sold 1,000 pieces. This year you expect to double that, at unchanged purchase and sale prices. Which of the following will be higher this year than last?

a) profits
b) profit margin
c) both
d) neither

Answer: a) profits

Business

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Reconciliation between net income and comprehensive income would include:

A. Unrealized losses but not unrealized gains on available for sale securities. B. Unrealized gains but not unrealized losses on available for sale securities. C. Unrealized losses and unrealized gains on available for sale securities. D. Neither unrealized losses nor unrealized gains on available for sale securities.

Business

A lawsuit based on torts connected with a crime may be brought by the victim, but the lawsuit is

separate from the criminal case. Indicate whether the statement is true or false

Business