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2 years ago

What are the legal requirements owners should fulfill before forming a corporation

Business

1 answer:

NISA [10]2 years ago

7 0

The legal requirements that owners should fulfill before forming a corporation are:

Owners should meet the state statutory needs.
Owners should register the name and articles of incorporation.

<h3>What is a Business Corporation? </h3>

This refers to the business structure that operates as a separate entity that has shareholders and board of directors.

Hence, we can see that based on the legal requirements of starting a business corporation, the need to meet the state statutory needs and also register the name and article of the incorporation.

Read more about business corporations here:

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Megan used to do all of her shopping at the local mall. However, recently, she is spending less time at the mall and doing more

Korolek [52]

Answer: E. She prefers to shop online because it is more convenient and items are constantly available.

Explanation: The biggest benefit of online shopping is 'convenience' as it can be done from anywhere, at any time and even from our phones as all you need to do so is have a decent internet connection. You don't face problems like the shop is too far or it might be closed.

Also, many times online shopping is cheaper than offline.

Cheap deals and better prices are available online, because products come to you direct from the manufacturer or seller without involving middlemen. Plus, it's easier to compare prices and find a better deal. Many online sites offer discount coupons and rebates, as well.

5 0

3 years ago

In 2018, Elaine paid $2,760 of tuition and $1,060 for books for her dependent son to attend State University this past fall as a

erma4kov [3.2K]

Answer:

a. Elaine’s AGI is $92,750.

$2,000 + (25% x $1,820) = $2,455

b. Elaine’s AGI is $164,500.

$2,455 - (5 x $125) = $1,830

c. Elaine’s AGI is $211,000.

AOC = $0

Explanation:

During 2018, the American Opportunity Credit for married taxpayers filing jointly started to phase out when their AGI was over $160,000. Once the AGI reached $180,000, the credit phased out completely.

The AOC covered 100% of the first $2,000 in qualified expenses and then up to 25% of the next $2,000. The maximum amount = $2,000 + (25% x $2,000) = $2,500

4 0

4 years ago

Nibbles Pet Food Corporation is in the process of developing its new market strategy. The marketing team has already established

Anon25 [30]

Answer:

A) Create a promotion strategy to increase customer awareness.

Explanation:

The company has already addressed 3 of the 4 marketing Ps, product, placement and price, so it is missing promotion.

Promotional strategies refers to how the company is going to make customers aware of their product and differentiate their product from the competition. Promotion ties up the other 3 Ps together into a promotional strategy, that may include: advertising, social media, email, public relations, etc.

8 0

4 years ago

A governmental audit may extend beyond an examination leading to the expression of an opinion on the fairness of financial state

Darina [25.2K]

Answer:

A governmental audit may extend beyond an examination leading to the expression of an opinion on the fairness of financial statement presentation to include

investigation of the economy, efficiency and effectiveness of operations.

Explanation:

This is known as a value for money audit. It is an independent evidence-based investigation which examines and reports on whether economy, effectiveness, and efficiency have been achieved in the use of governmental funds, which are public funds. This is how many audits for governmental funds are conducted, by expanding the scope to include these three important operational elements.

8 0

3 years ago

Firm H has the opportunity to engage in a transaction that will generate $100,000 cash flow (and taxable income) in year 0. How

Anika [276]

Answer:

The NPV will increase by $5,187 following the restructure of the transaction.

Explanation:

We have the cash outflow due to tax payment as followed:

* Before transaction restructured:

Tax payment of 100,000 * ( 1 - 34%) = $66,000 at the end of Year 0;

=> Present value of this cash outflow is: (66,000) / 1.06 = $(62,264)

* After transaction restructured:

Tax payment at the end of year 1: 50,000 * ( 1 -34%) = $33,000;

Tax payment at the end of year 2: 50,000 * ( 1 -34%) = $33,000.

=> Present value of this cash outflows are: (33,000)/1.06^2 + (33,000)/1.06^3 = $(57,077).

=> Increase in NPV after transaction structured will be equal to the saving in present value of cash out flow = (57,077) - (62,264) = $5,187.

So, the answer is NPV will increase by $5,187.

7 0

3 years ago