Steve's Bicycle Repair Shop, Inc., has $150,000 in assets (tools, refurbished bikes, parts). Owners' equity is the full $150,000. Now Steve wants to borrow $10,000 in order to stock new bikes. This will add to the equity in the company
a. true
b. false
Ans: b. false
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To withstand a challenge that they unlawfully discriminate, employment tests must:
A. not be given except for safety sensitive positions. B. not be given without the individual's consent. C. be related to the requirements of the job. D. be given and scored by a source independent of the employer.
Kentucky, Inc purchases and sells widgets
The following information summarizes the company's operating activities for the year: Selling and Administrative Expenses $5,300 Purchases 157,000 Sales Revenue 785,000 Merchandise Inventory, January 1 2,350 Merchandise Inventory, December 31 38,350 If the company sold 7,900 units of widgets during the year, how much is the cost for one widget? (Round your answer to the nearest cent.) A) $19.87 B) $15.32 C) $20.17 D) $5.15