Finance
Mason 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 Mason own?
What is common stock?
Lis 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?
In the brand new country of Kokomo, businesses are free to sell any legal product they want in any manner they desire as long as it does not violate any laws or ordinances. A business is also free to decide what to produce, how to produce it, and at what price to sell it. What type of economic system is employed in the new nation of Kokomo?
What is free enterprise?
FYI Capitalism is focused on the creation of wealth and ownership of capital and factors of production, whereas a free market system is focused on the exchange of wealth or goods and services.
Considered one of the highest level of involvement, investment, and risk in international business (example Walmart, Coca-Cola, etc).
What is a multinational firm or direct investment?
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?
Salaries payable, accounts payable, and taxes payable are examples of
What are current liabilities?
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%?
During which stage of the business cycle (peak, recession, prosperity, recovery, trough) would Lululemon begin to focus on being more value conscious in its apparel and shoe production decisions?
What is recession?
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?
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?
If the demand for Gucci bags weakens, what will happen to the price of the Gucci bags?
What is a decrease in prices?
A newly formed country in Central Asia has no high tariffs, yet other countries find it difficult to trade with the new country because of its requirements for product labeling, testing, and certifications. The country’s requirements would be classified as _______.
What is bureaucratic red tape?
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 business have they formed?
What is a join venture?
What are the three major components included in a statement of cash flows?
What are operating, investing, and financing activities?