Which of the following statements is incorrect about limited liability companies and the check-the-box regulations?

a.         If a limited liability company with more than one owner does not make an election, the entity is taxed as a partnership.

b.         All 50 states and the District of Columbia have passed laws that allow creation of limited liability companies.

c.         An entity with more than one owner and formed as a corporation cannot elect to be taxed as a partnership.

d.         If a limited liability company with one individual owner does not make an election, the entity is taxed as a corporation.

e.         A limited liability company with one owner can elect to be taxed as a corporation.

Montana Fishing Equipment Company (MFEC) manufactures a variety of fly-fishing equipment, including fly-fishing rods and reels. The company would like to develop a unified approach to pricing its product line for next year using cost-plus pricing but does not know what cost base should be used.

          Last year, MFEC earned $140,000 of profit from sales of its products and would like to earn $200,000 next year. Last year, the company incurred the following costs

       Manufacturing Costs

                                   Variable     $250,000

                                   Fixed     $150,000

                       Selling and Administrative Costs

                                   Variable     $100,000

                                   Fixed     $200,000

Required

A. Calculate the markup percentage for each of the following cost bases:

a. Full costs, including all manufacturing and selling and administrative costs

b. Cost of goods sold

c. Total variable costs

d. Variable manufacturing costs

B. Explain why the markup percentage calculated in question A is lower when using full costs as the base than when using variable manufacturing costs as the base.

C. MFEC’s best fly rod (the Trout Catcher model) costs $150 to manufacture and includes $90 of variable manufacturing costs and $60 of fixed overhead costs. Assuming the company uses a markup on variable manufacturing costs (calculated from A.d.), what is the recommended sales price of the rod?

Competitors sell comparable fly rods for $299. Based on this information, should MFEC price the Trout Catcher model by using a cost-plus approach of a

Can you solve it for me plz?

‘Lakeside Manufacturing’ is a boating company that specializes in sailboats for sailing schools and Jules Paulson is the owner of the company. His lead foreman and second in command is Kevin Hill. There are a small core group of 15 employees who are fulltime and experienced in their trade and sailing. Unfortunately, over the summertime, the permanent employees like to take their vacation so they can go sailing. ‘Lakeside Manufacturing’ makes sure that at any given time over the summertime period, only 25% of the permanent staff are away at any given time so that 75% are still doing their usual jobs. This has worked to some extent; however, there are times the company feels short staffed.

Last year, Kevin had an idea that over the summer, they could hire some seasonal workers to do the work of those who are away. Kevin spoke to Jules and said that maybe they could hire students from the local university during the summer to do some of the tasks. Part of the requirement was that they either should have some boating experience or be able to know some of the woodworking or electrical work. Summer last year, it did not work so well because the students started and were randomly placed to fill gaps among the teams where the full-time employees were away on vacation. There were some challenges and tensions that would arise because the students were not as skilled at the work that the experienced employees were. Added to that, the students would have headphones on while working, taking texting moments or take breaks when they felt like and had a different perspective and attitude about the work. This annoyed some of the older experienced workers.

This year, Kevin thought that he would hire 10 students over the summer but instead of having them integrate into the work that was being done by the older more senior workers, he thought that it might be better to have all the 10 students in one team and separate from the experienced workers who were there and somewhat annoyed by the behaviour of the students. Kevin trained the students and was their liaison so that any questions or problems would be answered by him. A number of the students came back from last year so that the training was not too difficult. He also outlined what they needed to do and was less rigid on breaks and how the work was done, except that things had to be completed with care, quality and on time.

As the summer went on, the students got very good at their tasks because they were good with technology and also knew that if they would finish early, they could have free time. A healthy rivalry and competition started to emerge between the experienced workers and the students. It was productive and things were working out…for a while. Eventually, the student employees would say how fast they could work, and the older employees were slower. It was also not uncommon for the students to head over to where the older employees were working and make comments, which started to make the more experienced employees annoyed. The organization started to see two camps of employees instead of everyone working together.

Now, instead of everyone working together and feeling like they were part of ‘Lakeside Manufacturing’, both sides were either making fun of the other side or hiding tools and supplies from the other side so it would slow the other side down. It was starting to get out of hand and the owner, Jules Paulson, called Kevin Hill in to his office and said that he thinks that it might be better to not have the two sides and it might be better to just break both sides up and reassign the teams so they were all working together. Kevin thought that this might not be a good idea because he was pretty sure most, if not all, of the students would quit. Kevin has called you for your advice and thoughts on how to resolve this situation.

a) Apply some concepts from the course to explain what is going on at ‘Lakeside Manufacturing

b) Take a position on if the teams should be broken up or not and explain why

c) Based on your answer in (b) what do you recommend helping improve the situation

Using your favorite search engine, conduct research on a well-known leader of a corporation. You might be interested in researching formers leaders such as Lee Iacocca of Chrysler, Herb Kelleher of Southwest Airlines, Jack Welch of General Electric, or Ray Kroc of McDonald's. Alternatively, you could research present-day corporate leaders such as Indra Nooyi of PepsiCo, Mary Barra of GM, Mark Zuckerberg of Facebook, Gregory Hayes of United Technologies, etc. Remember, the leader you choose to research doesn't have to be on this list -- pick a leader who piques your curiosity! Some students have chosen the CEO of their own employers, but please be sure that you have a minimum of two sources in addition to your textbook if you do so.  

Review articles and biographical information that is available on the Internet. You should have a minimum of two (2) sources in addition to your textbook. The goal of your research is to answer the following questions about the leader you chose:

• Based upon your research, what type of behavioral leadership style does/did the individual practice? Task-oriented, people-oriented, or a combination of the two? Explain.

• How would this individual's leadership style be characterized in terms of the path-goal theory of leadership? Explain.

• Would you describe this individual as a transactional or transformational leader? Explain.  

• In what specific ways do you feel this individual was an effective leader?

• In what specific ways do you feel this individual's leadership could be improved?

The Syracuse Mobile Health Unit has the following budget: Nurse Practitioner Salary: $65,000 Driver & Health Aide Salary: $45,000 Benefits:: 20% of salaries Van Costs: $12,000 Medical Supplies: $9,000 a) What is the base budget? b) What is the baseline budget for next year, assuming a 3% increase in NPS and a 4% increase in salaries? c) Now assume there is another part-time nurse practitioner who earns $30,000 in the current fiscal year and starting in the new fiscal year, this individual will be a full-time nurse practitioner with a starting salary of $60,000. What is the base budget? What is the baseline budget?

1. This week we talked about how a free market can achieve an efficient outcome when demand curves reflect total willingness to pay (WTP) for a good and supply curves reflect total social cost of producing the good. But those conditions are often not met, such as when production of the good creates negative externalities. If Farmer Ben produces apple cider and dumps his apple waste into the creek behind his barn, what negative externality might that create? Make up a particular individual who could be affected by the apple waste in the creek and tell me about the negative spillover.

A social scientist would like to analyze the relationship between educational attainment (in years of higher education) and annual salary (in $1,000s). He collects data on 20 individuals. A portion of the data is as follows:

a. Find the sample regression equation for the model: Salary = β₀ + β₁Education + ε. (Round answers to 2 decimal places.)

Salaryˆ=Salary^= __________ + __________ Education

c. What is the predicted salary for an individual who completed 9 years of higher education? (Round coefficient estimates to at least 4 decimal places and final answer to the nearest whole number.)

SalaryˆSalary^ _______ $

The length of maternity stay in U.S. hospitals is normally distributed, with mean of   3.5   days and a standard deviation of   1.2   days. We randomly survey   91   women who recently bore children in U.S. hospitals.

Let   X=   maternity stay in U.S. hospital, and   X¯=   average maternity stay for a sample of size   91 .

  X∼    (pick one) BPEN (  ,  ) .

  X¯∼    (pick one) EPNB (  ,  ) .

   What is the probability that the average stay is more than   3   days?

P(X¯>3)=   

   Which of the following is more likely?

   an individual stays more than   5   days      the average stay of   91   women was more than   5   days

Small Bussiness mgmt- Kindly assist

Can you kindly provide a small explanation with answer.

7. Scenario: A business owner seeking money to purchase a building and the equipment needed to launch a welding shop would need which kind of capital? Value 1 point

8. Answer the following questions pertaining to angel investors:

Who is an angel investor? Value 1 point

Identify one angel investor (local/ international) and write a summary profile of the individual. Value 5 points

How does he/she contribute to the success of entrepreneurs? Include concrete examples. Value 5 points.