1. Which one of the following is probably the most successful means of finding venture capital?
Internet searches.
Tombstone ads.
Newspaper advertisements.
Personal contacts.
Personal letters to venture capital firms.
2. Fairview Clinic buys $500,000 in medical supplies each year (at gross prices) from its major supplier, Consolidated Supplies, which offers the clinic terms of 5/10, net 30. What is Fairview Clinic’s costly trade credit?
A. $13,194
B. $39,583
C. $32,986
D. $26,389
E. $22,431