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Kamila [148]
2 years ago
5

Talia, Shemp and Lola formed a corporation under the name Dependable Health Solutions, Inc., and advertise their services nation

wide. All stock is owned by Talia, Shemp and Lola as principals, and none was offered to anyone outside the corporation. This would be classified as a
Business
1 answer:
sergeinik [125]2 years ago
5 0

Since All stock is owned by Talia, Shemp and Lola as principals, it would be classified as a municipal corporation.

<h3>What is municipal corporation?</h3>

municipal can be regarded as a corporation which is a large private corporation with many shares.

Therefore, the described corporation is a

municipal corporation because no share are sold to the public or traded on a stock exchange.

Learn more about municipal corporation at;

brainly.com/question/24186514

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Sully Company uses 3,000 yards of canvas each day to make tents. It usually takes ten days from the time Sully orders the materi
Margaret [11]

Answer:

42,000 yards

Explanation:

The order point must account for the total usage during the lead-time plus the desired safety stock.

If the lead-time is 10 days, the daily usage is 3,000 yards, and Sully desires a safety stock of 12,000 yards, the order point must be:

P = (3,000*10)+12,000\\P=42,000\ yards

Sully's order point is 42,000 yards.

4 0
3 years ago
Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Liabilities of $77.152 million Cash of $6.030 millio
jonny [76]

Answer:

$45.027 million

Explanation:

The accounting equation shows the relationship between the various elements of the balance sheet. These are the assets, liabilities and equity. It is given as

Assets = Liabilities + Equity

The owner's equity is made up of the common stock and retained earnings (which is the net income less dividend paid over the period).

Equity = $125.989 million - $77.152 million

= $48.837  million

Retained earnings = Equity - Common stock

= $48.837  million - $3.810 million

= $45.027 million

Digby Corporation's retained earnings is $45.027 million

5 0
2 years ago
Is drawing in business a current asset
Stella [2.4K]

The correct answer is No.

Drawing is considered a contra-capital account. It is not included in the asset sections of the financial statements, even though it has a debit balance. It is used to offset the capital account because it is money that the owner has withdrawn from the company.

6 0
3 years ago
Read 2 more answers
For the following problem(s), consider these debt strategies being considered by a corporate borrower. Each is intended to provi
natita [175]

Answer:

From the strategies provided, the correct debt strategies that will help a corporate borrower eliminate credit risk are strategy 1 and strategy 2, which are; Strategy #1: Borrow $1,000,000 for three years at a fixed rate of interest of 7%. and Strategy #2: Borrow $1,000,000 for three years at a floating rate of LIBOR + 2%, to be reset annually. The current LIBOR rate is 3.50%.

5 0
3 years ago
The Gargus Company, which manufactures projection equipment, is ready to introduce a new line of portable projectors. The follow
insens350 [35]

Answer:

$810

Explanation:

The computation of the price that charge by the company is as follows:

As we know that

Markup percentage = 100 ×  (sales price - cost) ÷ (cost)

As the cost is depend upon variable manufacturing cost only

so cost would be $270

Now

markup percentage = 100 ×  (sales price - $270) ÷ 270

200 × $270 = 100 × (sales price - $270)

sales price = $270 + $540

= $810

5 0
3 years ago
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