List 10 categories of start-up costs that are common to many businesses
What will be an ideal response?
Among the possible items are:
a. Land
b. Building
c. Equipment
d. Machinery
e. Furniture and fixtures
f. Leasehold improvements
g. Installation of equipment and fixtures
h. Computers and other technology
i. Employee wages, salaries and benefits
j. Professional services
k. Promotions and advertising
l. Licenses and permits
m. Deposits on rents and utilities
n. Rent
o. Utilities
p. Insurance
q. Debt service
r. Taxes
s. Memberships
t. Registration fees
u. Training, conventions, seminars
v. Financing costs and fees
w. supplies
x. inventory
y. petty cash
z. contingency fund
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At the beginning of September 2006, RFI Company reported Merchandise Inventory of $4,000. During the month, the company made purchases of $7,800. At September 30, 2006, a physical count of inventory reported $3,200 on hand. Cost of goods sold for the month is
A. $600 B. $11,800 C. $8,600 D. $7,800
Less certain a cash flow, the ________ the risk, and ________ the present value of the cash flow
A) lower; higher B) lower; lower C) higher; lower D) higher; higher