Event entity types should be named for the result of the event, not the activity or process of the event

Indicate whether the statement is true or false


TRUE

Business

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Use the following selected information from Wheeler, LLC to determine the 2018 and 2017 trend percentages for cost of goods sold using 2017 as the base.   20182017Net sales$276,200 $231,400 Cost of goods sold 151,900  129,590 Operating expenses 55,240  53,240 Net earnings 27,820  19,820 

A. 119.4% for 2018 and 100.0% for 2017. B. 36.4% for 2018 and 41.1% for 2017. C. 65.1% for 2018 and 64.6% for 2017. D. 117.2% for 2018 and 100.0% for 2017. E. 55.0% for 2018 and 56.0% for 2017.

Business

Each partner in a limited liability partnership (LLP) reports her share of the LLP's profits and losses on her personal tax return.

Answer the following statement true (T) or false (F)

Business

Which of the following is needed to create a valid contract?

A) an invitation to treat B) serious intention C) equal consideration for each party D) option E) all of the above

Business

Which of the following is a work/life program?

A. cost-of-living adjustment B. telecommuting C. stock options D. employment Insurance E. health insurance

Business