There is all True and false

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6. The general ledger uses a chart of accounts that lists only those transactions which are liabilities.

7. Free cash flow is cash flow from operations minus estimated capital expenditures.

9. The buy-sell agreement prevents a partner from selling a partnership interest without the consent of the____ other partners.

11 .The law of demand states that as the price of an item falls, the quantity demanded will decrease, ceteris ___ paribus.

13. A goal is a measurable objective that can be reached in a specified time frame.

17. Public corporations have double taxation, limited liability for owners, and can raise large amounts ___ of cash by selling stocks or bonds.

19. The operational plan describes how a business will actually deliver your product or service to the ___ customer.

20. A subchapter S corporation can sell its stock to any number of shareholders.

22. When you go into business, your goal should be to earn both an accounting profit and an entrepreneurial ___profit.

28. Once we select a forecasting model, changing market conditions may require us to change the model ___If it no longer performs as desired.

29.On a pro forma income statement, the value we enter for sales revenue s normally derived from our___forecast

33. The three Cs of credit are character, capacity, and comedy.

36. The time value of money is the loss of purchasing power that occurs over time as a result of inflation.

39. The present value of a future lump sum factor is

40. The actual rate of return on an investment is the internal rate of return.

44. Subprime loans are provided to borrowers who have poor credit scores.

45. Subprime mortgages are affected by Adjustable Rate Mortgages (ARMs).

49. Future moneys or benefits should be measured in before-tax dollars.

50. A benefit resulting from reducing taxable income is equal to the amount of taxes paid.

51. Funds used to start a business are usually your own and borrowed financial capital.

52. As your individual business assets increase, our ability to borrow funds decreases.

53. As your individual business assets increase, the complexity of determining how to invest and ___ protect these assets also increases.

54. A holder of a U.S. Government bond has a greater certainty of getting back principal and interest___than the holder of a corporate bond.