When searching for capital to launch their companies, entrepreneurs should remember several "secrets" to successful financing. Which of the following is not one of those secrets?
Jane is arguing with Joan about how much cash their small retail outlet needs as they prepare their cash budget. Jane feels that with the Christmas season coming, their busiest time, they need more cash available while Joan feels they do not because their sales volume will be up significantly. Jane and Joan are discussing which step of the cash budgeting process?
When a company is forced into liquidation, owners are most likely to incur a loss when selling:
A small business owner could accelerate accounts receivable by:
The _______________ shows what assets the business owns and what claims creditors and owners have against those assets, and is built on the basic accounting equation:
Assets = Liabilities + Owner's Equity.
On a company's statement of cash flows, depreciation is:
More companies fail for the lack of ___________ than for the lack of __________.
____________ ratios measure the extent to which an entrepreneur relies on debt capital rather than equity capital to finance a business
Because of the risk/return tradeoff, small businesses that borrow money repay it with interest at the: