To raise capital, Anna Moreno and Talia Black plan to sell stock to between 108 and 200 investors. They also want to avoid double taxation. Which type of business ownership would you recommend?
A. Regular corporation
B. S-corporation
C. Cooperative
D. Limited-liability company
E. Limited partnership
Answer: D
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The higher the fixed asset turnover, the
a. more efficiently a company is using its fixed assets in generating sales b. more efficiently a company is using its intangible assets in generating sales c. less efficiently a company is using its fixed assets in generating sales d. more efficiently a company is using its current assets in generating sales
Which of the following is not an advantage of a perpetual inventory system?
A) assists in the prevention of stock outs B) requires less data processing effort than periodic systems C) maintains up-to-date inventory and cost of goods sold balances D) provides evidence of inventory shrinkage
A contract that decreases overall costs but leads to higher lot sizes and thus higher levels of inventory in the supply chain is a
A) buyback or returns contract. B) revenue-sharing contract. C) quantity flexibility contract. D) quantity discount contract.
Charlene Brown has possession of a check made out to the order of Charlene Brown (herself) which she received in payment for writing a manuscript for her publisher. Charlene is a holder in due course and the publisher cannot claim any "real" defenses to payment. Charlene has an unconditional right to be paid for the check
Indicate whether the statement is true or false