Vernon, Carey, and Perry were partners in Capstone Clothiers, a retail clothing store. They decided to change the organization of the business to a corporation. They changed the business name to Capstone Clothing, Inc and notified creditors of the change. Have they formed a valid corporation?
No. The partners must obtain permission from the state to operate as a corporation. The first step is to complete the articles of incorporation.
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The beginning balance of the shareholders' equity account Retained Earnings plus net income from the income statement less dividends equals the ending balance of Retained Earnings
Indicate whether the statement is true or false
What are predictions based on time-series information?
A. Forecasting B. Prediction C. Optimization D. Regression
State and local politicians tend to apply new and increased taxes to taxpayers who are nonresident visitors to the jurisdiction, such as a tax on auto rentals and hotel stays, because the taxpayer cannot vote to reelect (or oust) the lawmaker.
Answer the following statement true (T) or false (F)
The key difference between the binomial and hypergeometric distribution is that, with the hypergeometric distribution
a. the probability of success must be less than 0.5. b. the probability of success changes from trial to trial. c. the trials are independent of each other. d. the random variable is continuous.