In most states, limited liability partnership law restricts the use of the limited liability
partnership form of business ownership to certain types of professionals, such as accountants
and lawyers.
Indicate whether the statement is true or false
TRUE
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Assume the profit margin and the payout ratio of Major Manuscripts, Inc. are constant. If sales increase by 6 percent, what is the pro forma retained earnings?
A. $5,220.18 B. $5,721.42 C. $6,021.56 D. $6,648.42 E. $7,028.56
Unilever PLC overcame the problem of low-income consumers in Indonesia by
A. deciding not to sell its products there. B. moving its factory to Indonesia and employing cheap labor. C. packaging its product in smaller sizes. D. producing lower quality, cheaper products for that market. E. increasing advertising and marketing budgets in that country to get a larger market share.