A business can be organized as a sole proprietorship, partnership, corporation, or limited-liability company (LLC)
Indicate whether the statement is true or false
TRUE
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Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%; salary allowances of $34,000 and $26,000, respectively; and the remainder to be divided equally. How much of the net income of $120,000 is allocated to
Yolanda? a. $46,000 b. $61,000 c. $60,000 d. $66,000
Effie Corporation produces two products, P and Q. P sells for $9.50 per unit; Q sells for $5.50 per unit. Variable costs for P and Q are $5.00 and $3.00, respectively. There are 5300 direct labor hours per month available for producing the two products. Product P requires 3.00 direct labor hours per unit, and product Q requires 5.00 direct labor hours per unit. The company can sell as many of either product as it can produce. What is the maximum monthly contribution margin that Effie can generate under the circumstances? (Round your answer to nearest whole dollar.)
A) $7950 B) $4417 C) $23,850 D) $13,250
Explain the development of features during the growth stage of a products development
What will be an ideal response?
A drawee of a bill who, by signing the bill on its face, agrees to pay the bill when it is due is referred to as a(n) ________
A. accommodation party B. acceptor C. holder in due course D. holder