Which of the following statements about the corporate form of business organization is TRUE?
A) The corporate form has the disadvantage of double taxation relative to a sole proprietorship.
B) The corporate form is preferred over the sole proprietorship because a corporation is easier to form and faces less regulation.
C) Sole proprietorship is the most common form of business organization because liability is limited to the amount invested in the business by the sole proprietor.
D) The corporate form has the advantage of unlimited liability.
A
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How high can accounts receivable be allowed to grow before the firm's receivables period exceeds 50 days if annual sales equal $5 million and the cash conversion cycle equals 75 days?
A) $1,712,329 B) $1,027,397 C) $342,466 D) $684,932
According to the text, which of the following is NOT one of the commonly used itemized rating scales?
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