Which corporation is eligible to make the S election?
a. Non-U.S. corporation.
b. Limited liability company.
c. Insurance company.
d. U.S. bank.
e. None of the above can select S status.
b
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To get more retailers to stock its products, Rust-Oleum paint developed a strong advertising campaign aimed at consumers. The ads show creative ways to use paint to make homes more attractive and emphasize the facts the paint doesn't chip, peel, or fade. What type of promotional strategy is Rust-Oleum using?
a. reinforcement b. pull c. channel d. push
Use the "percent of sales method" of preparing pro forma financial statements to determine the
projection for next year's cost of goods sold. Make the following assumptions: current year's sales are $27,800,000; current year's cost of goods sold is $17,528,000; sales are expected to rise by 30%. What is the projection for next year's cost of goods sold? A) $20,481,000 B) $21,459,200 C) $21,138,900 D) $22,786,400