[The following information applies to the questions displayed below.] CompanyA B C DSales$80,000 $180,000 $120,000 $100,000 Cost of goods sold 48,000 135,000 72,000 60,000 Gross margin 32,000 45,000 48,000 40,000 Operating expenses 9,600 12,600 10,800 10,000 Net income$22,400 $32,400 $37,200 $30,000 Three of the companies are upscale stores and one is a discount store. Which company is most likely to be the discount store?
A. Company A
B. Company B
C. Company C
D. Company D
Answer: B
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a. true b. false
Answer the following statement(s) true (T) or false (F)
1. The managers of a limited liability company are personally liable for the company’s debts and obligations. 2. All members of a limited liability company must be individuals. 3. Amending the articles of organization usually requires the approval of all members of the limited liability company. 4. Limited liability companies in most states are subject to annual reporting requirements with the secretary of state or other appropriate state authority.
Agile methodologies aim at being predictive rather than adaptive
Indicate whether the statement is true or false
Winslow Company sold investment land to an unrelated purchaser. The purchaser paid $250,000 cash, assumed Winslow's $600,000 mortgage on the land, and gave Winslow its $580,000 ten-year, interest-bearing note. Compute Winslow's amount realized on sale.
A. $850,000 B. $830,000 C. $250,000 D. $1,430,000