The authority for the formation of LLCs comes from:

A) Federal statutes.
B) State statutes.
C) Federal administrative regulations.
D) Federal court decisions.
E) State court decisions.


B

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The following lots of a particular commodity were available for sale during the year: Beginning inventory 10 units at $55 First purchase 25 units at $65 Second purchase 30 units at $68 Third purchase 15 units at $70 The firm uses the periodic system and there are 20 units of the commodity on hand at the end of the year. What is the amount of the inventory at the end of the year according to the

lower of cost or market, using the first-in, first-out method, if the current replacement cost is $68 a unit? A) $1,200 B) $1,100 C) $1,360 D) $1,390

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How should a public relations crisis be managed?

What will be an ideal response?

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Which of the following is a factor that influences an expatriate while making an anticipatory adjustment?

A. The previous experience the expat may had with the assigned country or with countries with similar cultures B. The toughness with which the expatriate faces a whole new cultural experience C. The expat's ability to maintain a positive outlook in the face of a high-pressure situation D. The job itself, as reflected by the clarity of the role the expat plays in the host management team

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South Penn Tracking is financing a new truck with a loan of $10,000 to be repaid in 5 annual end-of-year installments of $2,504.56. What annual interest rate is the company paying?

A) 7% B) 8% C) 9% D) 10% E) 11%

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