A limited partner risks losing his liability protection if he:
A) assists in the management of the partnership business
B) is employed by the partnership as an employee or contractor.
C) consults with or advises the general partners.
D) acts as a surety or guarantor for the limited partnership.
A
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Turnover intentions and turnover are forms of ______.
A. motivation B. employee withdrawal C. performance D. work-related attitudes
Koelsch Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding CustomizingTotalEstimated total machine-hours (MHs) 1,000 9,000 10,000Estimated total fixed manufacturing overhead cost$4,000$25,200$29,200Estimated variable manufacturing overhead cost per MH$2.00$3.00 During the most recent month, the company started and completed two jobs--Job F and Job K. There were no beginning inventories. Data concerning those two jobs follow: Job FJob KDirect materials$12,300$8,400Direct labor cost$18,200$6,800Molding machine-hours 700 300Customizing machine-hours 3.600 5,400 Assume that the company uses a plantwide predetermined manufacturing overhead
rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices. The calculated selling price for Job K is closest to: A. $72,561 B. $24,187 C. $79,817 D. $48,374
Maria has been operating a business as a sole proprietorship for several years. She needs additional capital and wants to incorporate her business. The assets of her business (building, land, inventory, and so on) have a $400,000 adjusted basis and a $1.5 million FMV. Maria is willing to exchange the assets for 1,500 shares of Metro Corporation stock, each having a $1,000 FMV. Bill and John are
each willing to invest $500,000 in Maria's business and will each receive 500 shares of stock. Why is Sec. 351 important to Maria? Does it matter to Bill and John? What will be an ideal response?
Temporary help agencies are good sources of employees when extensive training is required.
Answer the following statement true (T) or false (F)