Sergio is a 15% partner in the Hopkins Group and has net self-employment income of $100,000 in the current year. The maximum amount that Sergio can contribute to a Keogh money purchase plan is:
A. $3,000.
B. $13,045.
C. $20,000.
D. $25,000.
E. $55,000.
Answer: C
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A retail mix is developed to
A. understand the retail market. B. implement vertical integration. C. promote scrambled merchandising. D. implement a retail strategy. E. formulate a retail strategy.
Which of the following statements about the stages of group development is FALSE?
a. Groups go through a storming or conflict stage after they have completed most of their work. b. Groups need to establish norms before they can become fully productive. c. Groups are more productive in their later stages of development. d. Not all groups follow the typical pattern of stages of group development
An LLC (limited liability company) is a ________ in the state in which it is organized
A) sole proprietorship B) domestic LLC C) term LLC D) general partnership
Mungo Pet Supplies makes cat trees for several pet store chains. They order rolls of carpet (used to cover the trees) from a supplier. Mungo’s management has decided to use an EOQ model. The annual demand for carpet is estimated to be 1,000 rolls. The purchase price per roll is $20 and estimated inventory carrying cost rate is 25%. The cost to place an order from the supplier is $30. What is the maximum inventory amount that Mungo can expect to hold at any one time?
a. 54.7 b. 1000 c. 109.5 d. 500