The management section of the business plan
a. should contain a resume of the owner as well as a paragraph describing his/her education and work experience.
b. documents the ability of the entrepreneur to operate the business.
c. includes the qualifications of the key employees.
d. all of the above.
d
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Refer to the information above. What is the standard cost for direct labor per unit for Starbright's single product (closest to)?
A. $100 per unit. B. $287 per unit. C. $180 per unit. D. $285 per unit.
The Zhao Estate generated distributable net income (DNI) this year of $100,000, one-fourth of which was tax-exempt interest, and the balance of which was long-term capital gain. Kyle Zhao, the sole income beneficiary of the estate, received a distribution of the entire $125,000 accounting income of the entity. How does Kyle report the distribution?
a. $75,000 long-term capital gain, $25,000 exempt interest. b. $50,000 long-term capital gain, $50,000 exempt interest. c. $75,000 long-term capital gain, $25,000 ordinary income. d. $93,750 long-term capital gain, $31,250 exempt interest.