A 12% change in sales will result in a 12% change in net income
a. True
b. False
Indicate whether the statement is true or false
False
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How can a limited liability company (LLC) be created in the United States?
What will be an ideal response?
Write every constraint that involves Company A
Companies A, B, and C supply components to three plants (F, G, and H) via two crossdocking facilities (D and E). It costs $4 to ship from D regardless of final destination and $3 to ship to E regardless of supplier. Shipping to D from A, B, and C costs $3, $4, and $5, respectively, and shipping from E to F, G, and H costs $10, $9, and $8, respectively. Suppliers A, B, and C can provide 200, 300 and 500 units respectively and plants F, G, and H need 350, 450, and 200 units respectively. Crossdock facilities D and E can handle 600 and 700 units, respectively. Logistics Manager, Aretha Franklin, had previously used "Chain of Fools" as her supply chain consulting company, but now turns to you for some solid advice.
If a person assigns the same contract rights to more than one assignee, the majority of courts
would decide that: A) The first assignee to give notice would prevail. B) The first assignee to file a lawsuit would prevail. C) The first assignee to be assigned the rights would prevail. D) The first assignee to collect would prevail.
On January 1, 2017, Dawson, Incorporated, paid $100,000 for a 30% interest in Sacco Corporation. This investee had assets with a book value of $550,000 and liabilities of $300,000. A patent held by Sacco having a book value of $10,000 was actually worth $40,000 with a six-year remaining life. Any goodwill associated with this acquisition is considered to have an indefinite life. During 2017, Sacco reported net income of $50,000 and paid dividends of $20,000 while in 2018 it reported net income of $75,000 and dividends of $30,000. Assume Dawson has the ability to significantly influence the operations of Sacco.The equity in income of Sacco for 2017, is:
A. $7,500. B. $9,000. C. $50,000. D. $15,000. E. $13,500.