With regard to taxation of partnerships, which of the following statements is true?
A) ?Profits are taxed twice.
B) ?Each partner is taxed in the same way as a sole proprietor.
C) ?Taxes are paid on a partnership's profits, after which each partner pays taxes on his or her share of profits.
D) ?A partnership is exempt from taxes.
E) ?The partnership is taxed as a separate entity.
B
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Ahmet purchased a stock for $45 one year ago. The stock is now worth $65. During the year, the stock paid a dividend of $2.50. What is the total return to Ahmet from owning the stock?
A) 5% B) 44% C) 35% D) 50%
How does outsourcing improve an organization's utilization of assets?
A) by allowing a company to completely eliminate its IS department, which will reduce its payroll costs B) by allowing the company to sell assets to outsourcers and improve their cash position C) by eliminating the expense of keeping up with the latest technology and, thus, eliminate the drain on cash reserves D) Both B and C above are correct.