Finance
Nick owns stock in CVS, a retail pharmacy company. He has the right to vote on company issues and examine corporate records, and he receives dividends from CVS's profits. What type of stock does Nick own?
What is common stock?
Cassidy wants to start a business, but she is unsure of the most appropriate legal form for her. Short of cash, she has decided to adopt the form that is the least expensive and most flexible in terms of decision making and implementation. Which would you recommend?
What is a sol prop?
The accounting equation.
What is assets= liabilities+ equity?
The movement of money into and out of an organization is called
What is a cash flow?
Two consecutive three-month periods of decline in its gross domestic product; this is best described as a(n) _______.
What is recession?
A partnership formed to create a competitive advantage on a world wide basis
What is a strategic alliance?
Cash, marketable securities, notes receivable, and merchandise inventory are examples of _______.
What are current assets?
This is a standard length of a trade-credit agreement.
What is 30-60 days?
Although all energy drinks ultimately provide the same purpose, Celsius Live Fit strives to make its brand seem unique from the many other brands available on the market. The market for Celsius Live Fit can be characterized as _______.
What is monopolistic competition?
Companies that take their green marketing efforts too far or fail to substantiate their environmental claims may face fines from which federal agency?
What is FTC?
Mia has received an invoice from the manufacturer of products she sells in her store. The invoice states credit terms of 3/10, net/30. Puzzled by this, she calls on you. You explain that the notation 3/10 means that _______
What is a 3 percent discount if she pays the invoice within ten days
Schneider Electric OFallon MO earned $900,000 last year. Its owners' equity totaled $4,500,000. Based on these amounts, what is the firm's return on owners' equity?
ROE=profit/equity (table in PPP-chapter 16-4-slide 47)
What is ROE of .2 or 20%?
A monthly index that tracks the prices paid by consumers.
What is CPI?
A credit card company promotes an annual percentage rate of 2.9 percent in online ads. However, the company fails to mention that this is an introductory rate and that the rate increases to 24.9 percent after six months. When consumers are shocked after receiving their bills seven months after signing up, they feel their right to _______ has been abused.
What is a right to be informed?
The purchase of one corporation by another like the Kroger and Albertsons case.
What is a merger?
Reid Hardware, Inc., had a gross profit of $380,000, operating expenses of $210,000, and income taxes of $48,000. What is Reid's net income after taxes?
What is 122K?
To raise money, Divine Spine Chiropractic LLC sold its accounts receivable to a _______. In doing so, Divine Spine Chiropractic LLC received cash and shifted both the task of collecting payment and the risk of nonpayment to the other organization.
What is a factor?
A price at which the demanded quantity is equal to the quantity supplied of that product is called_____ price
What is a market?
An international barter transaction
What is countertrade?
LindenStar Builders, STC Real Estate, and AVA Development form a business to purchase land and to develop and build a shopping plaza in Flower Mound, Texas. According to their agreement, the business will operate only until the plaza is built, then the plaza will be sold to Suburban Boutiques, Inc., an owner and operator of shopping plazas. Once the sale is complete, their business will be dissolved. What type of partnership have they formed?
What is a joint venture?
What are the three major components included in a statement of cash flows?
What are operating, investing, and financing activities?