To form an LLC, a charter and an operating agreement must be filed with the Secretary of State in the jurisdiction where the business will operate
a. True
b. False
Indicate whether the statement is true or false
False
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Name and briefly describe the four stages of the cycle of abuse.
What will be an ideal response?
Bandamere Lighting Inc. uses the sales forecast to plan production. The company produces the magnetic light bulb called "Bright-1" one month in advance of the forecasted sale
The January sales forecast of 38 units of these bulbs will be scheduled for December production. However, the company also notes that sales forecasts and actual sales can differ, and the company has precisely calculated that it needs about 18.42% in inventory to accommodate sales above forecast. Raw materials for Bright-1 are acquired the month ahead (in this case, November). Wages are paid in the current month of production (December). Utilities are paid a month after production (January), and shipping is paid a month after the sale (two months after production, February). Finally, an inventory count reveals that there are currently 3 units on hand above the projected sales for November (at the start of November when the raw material order is placed). Unit production costs are $50 for raw materials, $30 for wages, $20 for utilities, and $10 for shipping. Determine the cash outflows for December's production. A) Raw material of $1,900 paid in November, Wages of $1,140 paid in December, Utilities of $380 paid in January, Shipping of $760 paid in February B) Raw material of $1,900 paid in November, Wages of $1,000 paid in December, Utilities of $760 paid in January, Shipping of $380 paid in February C) Raw material of $1,200 paid in November, Wages of $1,140 paid in December, Utilities of $760 paid in January, Shipping of $380 paid in February D) Raw material of $2,100 paid in November, Wages of $1,260 paid in December, Utilities of $840 paid in January, Shipping of $420 paid in February
Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning inventory. It purchased A thru G in January at $11.00 per letter. In February, it purchased H thru L at $13.00 per letter. It purchased M thru R in March at $14.00 per letter. It sold A, D, E, H, J and N in October. There were no additional purchases or sales during the remainder of the year.If Alphabet Company uses the weighted average method, what is the cost of its ending inventory? (Round the per unit cost to two decimal places and then round your answer to the nearest whole dollar.)
A. $87 B. $180 C. $151 D. $97
________ are groups of nominated or elected employees who must be consulted when management makes decisions involving personnel.
A. Task forces B. Cross functional teams C. Work councils D. Board representatives