Net income is the difference between
A. assets and liabilities
B. the incoming cash and outgoing cash
C. the amounts received from customers for goods and services and the amounts paid to provide those goods or services
D. the assets purchased with cash contributed by the owner and the cash spent to operate the business
Answer: C. the amounts received from customers for goods and services and the amounts paid to provide those goods or services
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An LLC may be formed when One person files articles of organization with the appropriate secretary of state. Two or more persons file articles of organization with the appropriate secretary of state.
A. I only. B. II only. C. I and II. D. Neither I nor II.
Which of the following is essential to generating a sale from an early majority buyer?
a. low price b. high levels of promotion c. vision of achievement of a revolutionary breakthrough d. reference from a trusted colleague e. all of the above