A ________ is a business organization that is treated like a corporation for liability purposes but like a partnership for federal tax purposes
a. nonprofit company
b. limited liability corporation c. restricted liability company d. no liability company
e. none of the other choices are correct
e
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Mateo has three people in his office; one sales representative, one person on branding, and a third on the administration associated with those tasks. Mateo has a ______ of employees.
A. job sharers B. group C. team D. telecommuters
Using the standard costs of $5 per pound for a 10 pound bag of chocolate and the following actual cost and usage data, compute the direct materials price variance. Direct materials purchased and used 99,000 pounds Price paid for direct materials $4.00 per pound Number of good units produced 9,000 units
a. $45,000 (F) b. $45,000 (U) c. $54,000 (F) d. $99,000 (F)
Mountain Ridge Bank has been named trustee for a $100,000 trust Fred and Martha Betts established for "the living children of the grantors.". List the requirements for establishing a trust. Identify the primary obligation of the trustee and discuss the fiduciary duty of the trustee
Bess runs Creditors Asset Recovery. She recruits clients by misrepresenting the facts and pretending to be licensed in various occupations in Michigan. Bess's conduct most likely warrants
A. an ethical admonishment but no other sanctions. B. an injunction plus other sanctions. C. no sanctions but no praise. D. praise for her aggression in recovering the assets of "deadbeat" debtors.