The best description of business model risk is:

a. a mathematical array of probabilities showing the optimal response to any change in circumstances.

b. everything that can go wrong in a business.

c. how changing circumstances may affect the business and how the business model can be adjusted to cope with them.

d. a business plan design that eliminates all significant risk from the business model.

Abus pass costs $5 per week. which of the following equations shows the total cost in dollars, t, of the bus pass for a certain number of weeks, w? t = 5w w = 5t t = 5 + w w = 5 + t

Credit card can be a wonderful item to have. however, they can also create problems. how can individuals protect themselves from financial difficulties when they make purchases with credit? what should someone do if they experience credit problems?

In its first year of operations, sunland company recognized $30,000 in service revenue, $8,100 of which was on account and still outstanding at year-end. the remaining $21,900 was received in cash from customers. the company incurred operating expenses of $18,600. of these expenses, $12,880 were paid in cash; $5,720 was still owed on account at year-end. in addition, sunland prepaid $3,270 for insurance coverage that would not be used until the second year of operations. (a) calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.