Sustainable Café LLC is a limited liability company. Like any other LLC, unless Sustainable Café chooses otherwise, the firm will be taxed as

A. a corporation.
B. a joint venture.
C. a partnership.
D. a cooperative.


Answer: C

Business

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When mailing a résumé, it is a good idea toc

A) have it delivered via Priority Mail in a cardboard mailer. B) use a standard white #10 envelope. C) pay to have it delivered the next day. D) use a large craft envelope. E) use a tube mailer so you do not have to fold it.

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Which of the following statistical sampling methods is most commonly used to test control procedures?

a. Variable sampling. b. Ratio estimation sampling. c. Attribute sampling. d. Dollar unit sampling.

Business

A debt to equity ratio of 1.0 means that half of the company's assets are financed by creditors

Indicate whether the statement is true or false

Business

Silvermark Enterprises The following information is from Silvermark's 2012 accounting records. Gross purchases $201,000 Transportation-in 8,000 Inventory, January 1, 2012 26,500 Inventory, December 31, 2012 28,100 Purchase returns and allowances 9,000 Refer to the information provided for Silvermark Enterprises. How much will Silvermark report as net purchases for 2012?

A) $200,000 B) $209,000 C) $218,000 D) $201,600

Business