Under the "check-the-box" Treasury Regulations, an LLC with more than one member is treated as a partnership unless the LLC affirmatively elects to be classified as a corporation.
Answer the following statement true (T) or false (F)
True
The check-the box-regulations provide default treatment to partnership status for an LLC with more than one member.
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Other than prior years' sales, list two other factors that are often used in the development of a sales forecast
When the default risk on corporate bonds decreases, other things equal, the demand curve for corporate bonds shifts to the ________ and the demand curve for Treasury bonds shifts to the ________
A) right; right B) right; left C) left; left D) left; right
The third step in segmenting and targeting markets that link customer needs to marketing actions is to ________.
A. select target markets B. develop a market-product grid and estimate size of markets C. group potential buyers into segments D. group products to be sold into categories E. take marketing actions to reach target markets
Cambridge, Inc. conducts business in states X and Y. This year, its before-tax income was $150,000. Below is information regarding its sales, payroll, and property factors in both states. XYTotalGross receipts/sales$325,000 $75,000 $400,000 Payroll 90,000 10,000 100,000 Property 200,000 50,000 250,000 Both states apply an equally-weighted three-factor formula to apportion income. State X has a 10% corporate income tax and state Y has a 5% corporate income tax. Compute the state tax savings if Cambridge could relocate $100,000 of property and $50,000 of payroll from state X to state Y.
A. $2,250 B. $9,094 C. $11,532 D. $12,563