Your new firm is operating in an all-cash environment without taxes. You sold $1,000 of inventory for three times the amount you paid for it
If this was the only transaction, which of the following would most closely match the entries on your income statement?
A) Revenues = $1,000, expenses = $1,000, profit = $0
B) Cash increases by $3,000, inventory decreases by $1,000, and retained earnings increases by $2,000.
C) Revenues = $3,000, expenses = $0, profit = $3,000
D) Revenues = $3,000, expenses = $1,000, profit = $2,000
D
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The typical traditional telephone line that connects a home or business to a telephone provider's local point of presence uses a significant amount of the line's bandwidth for voice communications
Indicate whether the statement is true or false
The biggest barrier facing companies that have never exported is ________
A) finding the financing to launch an export program B) not knowing where or how to start C) locating a trade intermediary to represent them in foreign markets D) winning government approval to begin selling in foreign markets