Which of the following statements is correct?

A) An owner of a C corporation is taxed on his or her proportionate share of earnings.
B) S shareholders are only taxed on distributions.
C) S shareholders are taxed on their proportionate share of earnings that are distributed.
D) S shareholders are taxed on their proportionate share of earnings whether or not
distributed.


D) S shareholders are taxed on their proportionate share of earnings whether or not
distributed.

Business

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____________ has a high degree of interdependence geared towards the achievement of a goal or the completion of a task.

a. A group b. A team c. An organization d. Interdependence

Business

Because there is no fault tolerance, when implementing RAID 0 in an enterprise, there is no need to make sure that regular backups are performed

Indicate whether the statement is true or false

Business

The contents of a sample of 26 cans of apple juice showed a standard deviation of .06 ounces. We are interested in testing whether the variance of the population is significantly more than .003 . The p-value for this test is

a. .05. b. greater than .10. c. less than .10. d. zero.

Business

During the year, Going, Going, Gone sold 100 hot air balloons for $4,000 each. The balloons carry a 5-year warranty for defects. Estimates indicate that repair costs will average 4% of the total selling price. The estimated warranty liability at the beginning of the year was $42,000. $11,000 in claims was actually incurred during the year to honor their warranty. What was the balance in the estimated warranty liability at the end of the year?

A. $47,000 B. $42,000 C. $37,000 D. $  5,000

Business