The general part of tax returns common for all clients is referred to as subtype entity

Indicate whether the statement is true or false


FALSE

Business

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Flankers are brands that may be kept around despite dwindling sales because they manage to maintain their profitability with virtually no marketing support

Indicate whether the statement is true or false

Business

A company has fixed costs of $700,000 . The selling price and variable cost per unit are $50.00 . and $10.00 . respectively. How many units does the company need to sell to achieve net income of $100,00 . after income tax, assuming the income tax rate is 50%?

a. 2,500 b. 18,000 c. 22,500 d. 17,500

Business

Staple Corp purchased supplies at a cost of $2,581 during the year. At December 31, supplies on hand are $1,492. Supplies expense for the year was $6,213. How much were supplies on hand at January 1?

A) $7,705 B) $8,794 C) $6,213 D) $5,124

Business

The federal National Labor Relations Board is empowered to regulate the formation and operation of labor unions in most industries and businesses in the United States. Such a regulation is an example of a(n) ________

A) general government regulation B) specific government regulation C) cabinet-level regulation D) zoning regulation

Business