Abby starts up bowls bistro to serve and sell soups for workday lunches. abby leases space in an office building owned by carmen. the lease requires abby to pay carmen a base rental of $1,250, plus 10 percent of bowls bistro’s profits, each month. the term is two years. abby hires devin to take and fill customers’ orders at an hourly wage of $15.00, plus tips. refer to fact pattern 27-1. abby and carmen are a. partners in a partnership for two years. b. not partners, because the rent includes only 10 percent of the profits. c. not partners, because the lease includes a “base rental.” d. not partners, because carmen does not have an ownership interest or management rights in bowls bistro.

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Larissa has also provided the following information. during the year, the company raised $36 million in new long-term debt and retired $20.52 million in long-term debt. the company also sold $22 million in new stock and repurchased $32.4 million. the company purchased $54 million in fixed assets, and sold $6,107,400 in fixed assets. larissa has asked dan to prepare the financial statement of cash flows and the accounting statement of cash flows. she has also asked you to answer the following questions: 1. how would you describe east coast yachts' cash flows? 2. which cash flows statement more accurately describes the cash flows at the company? 3. in light of your previous answers, comment on larissa's expansion plans.

Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors