Cecilia's Day Spa, LLC, is a member-managed limited liability company. If the law in Cecilia's state is like the law in most states, unless the members have agreed otherwise, voting rights are apportioned according to
A. capital contributions.
B. participation in management.
C. the number of members.
D. transactions with the firm.
Answer: A
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Suppose three banks in a banking market have market shares of 42 percent, 33 percent, and 25 percent. Calculate the HHI of the banking industry.
A. 100 B. 1,356 C. 3,478 D. 4,320
Match the following definitions with terms 1 through 8. Place the letter that identifies the best definition in the blank space next to the term.____ 1. Generally accepted accounting principles____ 2. Time period assumption____ 3. Statement of owner's equity____ 4. Balance sheet____ 5. Income statement____ 6. Measurement (Cost) principle____ 7. Securities and Exchange Commission____ 8. IASB____ 9. Full disclosure principle____10. Statement of cash flowsa. Prescribes that assets and services to be recorded initially on a cash or equal-to-cash basis.b. Describes a company's revenues and expenses and computes net income or loss over a period of time.c. An independent group consisting of individuals from many countries that identify preferred accounting practices.d. Presumes that the life of
a company can be divided into periods for reporting purposes.e. The concepts and rules that govern financial accounting.f. A financial statement that reports the changes in equity over the reporting period; including increases such as owner investment and net income and for decreases such as owner withdrawals or net loss.g. A report that identifies cash receipts and cash payments over a period of time.h. Prescribes that a company report the details behind financial statements that would impact user decisions.i. The governmental agency that has the legal authority to establish accounting rules.j. A report that describes a company's financial position at a point in time. What will be an ideal response?
What is Web 2.0?
A. a type of Internet platform that displays information but does not have interactivity B. a program that allows businesses to sell merchandise on the Internet more securely C. a new form of web-based video communications technology D. social networking sites that allow users to publish and share information E. an advanced type of search engine that disregards most unusable data
Schlaefer Corporation is conducting a time-driven activity-based costing study in its Tech Support Department. The company has provided the following data to aid in that study:Schlaefer CorporationTech Support DepartmentData InputsResource Data: Number of employees 16 Average salary per employee$46,440 Weeks of employment per year 50 Minutes available per week (40 hours × 60 minutes) 2,400 Practical capacity percentage 90%?Activity Data:Routing CallsResolving ProblemsPreparing Change OrdersMinutes per unit of the activity162632?Cost Object Data:All CustomersNumber of calls routed43,740Number of problems resolved21,130Number of change orders prepared2,220?On the Capacity Analysis report in time-driven activity-based costing, the "unused capacity in minutes" would be
closest to: A. 864,000 minutes B. 407,740 minutes C. 1,320,260 minutes D. 635,870 minutes