Asupply curve a. tells us the lowest price at which someone is willing to sell tells us the lowest price at which someone is willing to sell b. tells us the minimum minimum that someone is willing to pay for an additional unit of a good or service c. tells us that marginal cost decreases as the quantity tells us that marginal cost decreases as the quantity purchased increases purchased increases d. shows us that the highest price that someone is willing to pay for an additional unit of a good or service falls as the quantity decreases falls as the quantity decreases

Which of the following is the least effective way to reach a potential sales prospect? referral cold call direct mail personal visit

•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.