Ultimate ________ of a firm depends on who owns the major portion ...

[viki]

Ultimate ________ of a firm depends on who owns the major portion of the common shares and thus controls the direction of the firm through voting power.
 
  A) managerial control
  B) creditor control
  C) shareholder control
  D) government control

Question 2

Use the following information to calculate the change in the company's cash balance for the year.
 
  Credit Sales 800,000
  Cash Sales 500,000
  Operating Expenses on Credit 200,000
  Cash Operating Expenses 700,000
  Accounts Receivable (Beg. of Year) 50,000
  Accounts Receivable (End of Year) 80,000
  Accounts Payable (Beg. of Year) 50,000
  Accounts Payable (End of Year) 100,000
  Income Taxes Paid 160,000
  A) 365,000 B) 180,000 C) 145,000 D) 260,000

[gabrielle_lawrence]

Answer to Question 1

C
Explanation: A)

Answer to Question 2

D

[viki]

Thank you

[gabrielle_lawrence]

Happy to help you