Sam quit his job as an accountant with We Keep Books Accurately to open his own accounting
firm. He earned $40,000 with the accounting firm We Keep Books Accurately.
During the current
year, Sam had revenues of $150,000 and total expenses of $110,000. Sam earned an
A) accounting profit of $40,000.
B) entrepreneurial profit of $40,000, but had an accounting loss.
C) accounting profit of $40,000 and an entrepreneurial profit of $40,000.
D) entrepreneurial profit of $40,000.
E) Both A and D above are correct.
A
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Garrett has excellent soft skills, including his competency in ________, as demonstrated by how he established and continues to maintain professional relationships from throughout his education and career experiences.
A. ????networking B. social intelligence C. emotional intelligence D. teamwork/collaboration
The average collection period for Dana Dairy Products in 2013 was ________. (See Table 3.2)
A) 32.5 days. B) 11.8 days. C) 25.3 days. D) 35.9 days.