______ is the process that involves everyone in an organization focusing on the customer to continually improve product value.
a. Quality assurance
b. Quality control
c. Total quality management
d. Statistical quality control
c. Total quality management
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Half Moon Corporation made a distribution of $300,000 to Arnold Swartz in partial liquidation of the company on December 31, 20X3. Arnold owns 100 percent of Half Moon Corporation (1,200 shares). The distribution was in exchange for 50 percent of Arnold's stock in the company (600 shares). At the time of the distribution, the shares had a fair market value of $500 per share. Arnold's income tax basis in the shares was $250 per share. Half Moon had total E&P of $2,000,000 at the time of the distribution. What is the amount and character (capital gain or dividend) of any income or gain recognized by Arnold as a result of the partial liquidation?
What will be an ideal response?
Ecco Company has total fixed costs of $5,000, sells a product whose contribution margin is $50 and selling price per unit is $125, and has current sales of $15,000. The company's margin of safety ratio is 20%.
Answer the following statement true (T) or false (F)
McBean Farms has the following information on their Form 941:
What amount should be entered in Column 2, Lines 5a and 5c? (Assume no Section 125 health insurance and that none of the employees had exceeded the Social Security wage base.)
A) $17,400.67 and $4,069.51, respectively
B) $140,328.00
C) $8,700.34 and $2,034.76, respectively
D) $156,592
What is the MOST important source of money for new business start-ups?
A) Banks B) The SBA C) Personal resources D) Government grants E) Venture capital