Downtown Mufflers, a partnership formed by Edmundo and Javier Escobar in California, has been in operation for five years. Edmundo and Javier would like to convert the business to a corporation. They will transfer all of the assets of the partnership to the corporation once it is formed and dissolve the partnership. They are having a difficult time deciding where to incorporate the business. California seems to be the obvious choice because that is where they are located, but Oregon and Nevada are nearby, industrial rental space is inexpensive in Nevada, and the population would supply an adequate number of qualified employees if they chose to move their operation there. Oregon would be a good choice because its damp environment leads to muffler rust which necessitates muffler replacement
more often than in California or Nevada. Edmundo mentions that there are other considerations for selecting a state in which to incorporate a business. Which of the following is not a consideration for selecting a forum for incorporating a business?
A. The number of competing firms in the forum state
B. State corporate tax laws
C. State corporate laws
D. Hospitality to business
Answer: A
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Manageable questions cause difficulty, give information, and bring the discussion to a false conclusion.
Answer the following statement true (T) or false (F)
A company uses the periodic inventory system and had the following activity during the current monthly period. November 1:Beginning inventory104 Units @ $10November 5:Purchased104 Units @ $26November 8:Purchased54 Units @ $25November 16:Sold142 Units @ $65November 19:Purchased35 Units @ $20Using the weighted-average inventory method, the company's ending inventory would be:
A. $3090 B. $1740 C. $1040 D. $2050 E. $3024
The ______ leader inspires followers to transcend their self-interests for the good of the organization and commit to a shared vision.
A. inspirational B. transactional C. transformational D. intellectual
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A. 7.81% B. 6.20% C. 6.39% D. 6.46% E. 5.36%