In order to further investigate a franchise opportunity an entrepreneur can request a franchise package from the franchisor, which:
A. contains guarantees about expected sales revenues in years 1 and 2.
B. is usually free.
C. costs between $800 and $1000 and is usually not refundable.
D. costs between $400 and $600 and is usually refundable.
Answer: D
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Indicate whether the statement is true or false
Cramer Corporation and Mr. Chips formed a general partnership. Cramer contributed $500,000 cash, and Mr. Chips contributed a building with a $500,000 FMV and $300,000 tax basis. The partnership immediately borrowed $700,000 of recourse debt. What is Mr. Chips' tax basis in its partnership interest?
A. $500,000 B. $650,000 C. $1,200,000 D. $850,000
Article I, Section 1 of the U.S. Constitution:
a. provides that all power to make laws for state governments shall be held by state governors b. provides that all power to make laws for the federal government shall be held by the Supreme Court c. provides that all power to make laws for the federal government shall be held by the Vice President d. provides that all power to make laws for state governments shall be held by senators e. provides that all power to make laws for state governments shall be held by state governors
_____ is an example of an enterprise-class electronic software
a. Microsoft COM b. Sales Cart c. Oracle E-Business Suite d. Common Object Request Broker Architecture