Retailers of which of the following products would probably have the highest stockturn rate?

Sand Corporation manufactures two styles of lamps—a Bedford Lamp and a Lowell Lamp

The following per unit data are available: Bedford Lamp Lowell Lamp Sales price $20 $36 Variable costs $5 $10 Machine hours required for one lamp 3 8 Total fixed costs are $42,000, and the machine hour capacity is 32,000 hours per year. The Lowell Lamp has the highest contribution margin per unit and also has the highest contribution margin per machine hour, so the company should focus sales on the Lowell Lamp. Indicate whether the statement is true or false

Dowling is a promoter and has decided to use a limited partnership for conducting a securities investment venture. Which of the following is unnecessary to form the partnership?

A. All limited partners' capital contributions must be paid in cash. B. A state statute must recognize limited partnerships. C. A limited partnership certificate must be signed by all general partners and filed in the proper office in the state. D. The partnership must have one or more general partners and one or more limited partners.