The difference between a C Corp and an S Corp is (1 point)

only a C Corp has a board of directors.
all companies must start as C Corps and become S Corps.
the tax code that each uses is different
the personal assets of a C Corp owner belong to the business.

Which would be the most likely target market for a new brand of high-end athletic shoes?

school children, because they all take gym class
those looking to get in shape for the first time
dedicated athletes, such as marathon runners
anyone interested in purchasing athletic shoes

why is process not always the most important consideration when selecting a supplier?

if a business cannot return unused goods, the supplier may end up costing the company more.
the quality and brands of the products a supplier Carrie's are also important considerations.
for some businesses, the ability to change orders easily to accommodate market demands may be more important than price.
all of the above.

Jansen company borrowed $12,000 on a 1-year, 5 percent note payable from the local bank on april 1. interest was paid quarterly, and the note was repaid one year from the time the money was borrowed. calculate the amount of cash payments jansen was required to make in each of the two calendar years that were affected by the note payable.

The following accounts appeared in recent financial statements of delta air lines. identify each account as either a balance sheet account or an income statement account. for each balance sheet account, identify it as an asset, a liability, or stockholders' equity. for each income statement account, identify it as a revenue or an expense. item financial statement type of account accounts payable balance sheet advanced payments for equipment balance sheet air traffic liability balance sheet aircraft fuel (expense) income statement aircraft maintenance (expense) income statement aircraft rent (expense) income statement cargo revenue income statement cash balance sheet contract carrier arrangements (expense) income statement flight equipment balance sheet frequent flyer (obligations) balance sheet fuel inventory balance sheet landing fees (expense) income statement parts and supplies inventories balance sheet passenger commissions (expense) income statement passenger revenue income statement prepaid expenses income statement taxes payable balance sheet

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided