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leonid [27]
1 year ago
14

In contrast to _______ and _______ the obligations of corporations are separate and distinct from the personal obligations of th

eir principals. (choose two correct answers)
Business
1 answer:
OlgaM077 [116]1 year ago
8 0

In contrast to sole proprietorships and partnerships the obligations of corporations are separate and distinct from the personal obligations of their principals.

So far during this chapter, we've explored sole proprietorships and partnerships, two common and comparatively painless ways for persons to conduct business operations. Both these styles of business include significant disadvantages, however, especially within the area of liability.

The concept that private assets are also placed in danger by business debts and obligations is rightfully scary to the majority. Businesses therefore need a type of business that has indebtedness to owners and is additionally flexible and simple to manage.

That's where the fashionable corporation comes in. As a young man, he was a university dropout without much ability for computer engineering. If doing business as a sole proprietor was his only option, Apple wouldn't exist today. However, Jobs met a talented computer engineer named Steve Wozniak, and also the two decided to pool their talents to create Apple Computer in1976.

A year later, the corporation was incorporated and in 1980 went public in an initial public offering (IPO). Incorporation allowed Jobs far more flexibility in winding up business operations than a mere sole proprietorship could. It allowed him to usher in other individuals with distinct skills and capabilities, raise money within the early stage of operations by promising shares within the new company, and eventually become very wealthy by selling stock, or securities, within the company.

Unlike a sole proprietorship or general partnership, a company may be a separate legal entity, separate and distinct from its owners. It may be created for a limited duration, or it can have perpetual existence. Since it's a separate legal entity, a company has continuity no matter its owners

learn more about corporations: brainly.com/question/25787830

#SPJ4

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Galla Inc. needs to determine a price for a new product. Galla desires a 25% markup on the total cost of the product. Galla expe
attashe74 [19]

Answer:

Galla should charge $47

Explanation:

Data provided in the question:

Desired markup = 25% of the total cost

Units to be sold = 5,000

Variable product cost per unit = $15

Variable administrative cost per unit = 10

Total fixed overhead = $45,000

Total fixed administrative = $18,000

Now,

Total variable cost

= Variable product cost per unit × Number of units to be sold

= $15 × 5,000

= $75,000

Total variable administrative cost

= Variable administrative cost per unit × Number of units to be sold

= $10 × 5,000

= $50,000

Therefore,

Total cost

= Total variable cost  + Total variable administrative cost + Total fixed overhead + Total fixed administrative

= $75,000 + $50,000 + $45,000 + $18,000

= $188,000

Thus,

Price per unit = Total cost ÷ Number of units to be sold

= $188,000 ÷ 5,000

= $37.6

Price after markup = Price per unit + 25% of price per unit

= $37.6 + ( 0.25 × $37.6 )

= $37.6 + $9.4

= $47

Hence,

Galla should charge $47

4 0
2 years ago
g Marginal revenue product measures the rev: 06_21_2018 Multiple Choice amount by which the extra production of one more worker
Anton [14]

Answer: The correct answer is the first statement.

Explanation: Marginal revenue product measures the amount by wich the extra production of one more worker increases a firm's total revenue.

<u>It is an economic term used to describe the change in total income that results from a unit change of one type of input variable. There are many types of input variables that you can change, such as adding an employee or a new machine.</u>

5 0
3 years ago
cost formula is expressed as follows: Y = $17PH + $760,000 where PH is defined as process hours. What budgeted dollar amount wou
VMariaS [17]

Answer:

B. $ 1,984,000 $ 2,112,000

Explanation:

Static budget is a budget that has been prepared for a standard level of output with no tendency to vary irrespective of the level of output.

Therefore, the figure that will appear in static budget  is as follows:

  Y = $16PH + $640,000 where PH is defined as process hours

PH  = 84,000  (Budgeted output)

  Y  = $16(84,000) + $640,000

  Y  = $1,344,000 + $640,000

  Y  = $1,984,000

That is the figure that will appear in the static budget is  $1,984,000

Flexible budget is a budget designed to vary with the level of actual activity.

Therefore the figure that will appear in the flexible budget  is as follows:

  Y = $16PH + $640,000 where PH is defined as process hours

PH  = 92,000   (Budgeted output)

  Y  = $16(92,000) + $640,000

  Y  = $1,472,000 + $640,000

  Y  = $2,112,000

That is the figure that will appear in the flexible budget is  $2,112,000

8 0
2 years ago
Which if the following is not form of mass communication
leva [86]

Answer:

out of given option, job interview is not  the form of job interview.

Explanation:

out of given option, job interview is not  the form of job interview.

Mass communication is a method of sharing information with large parts of population via media

we know that mas communication is the communication which include mass either in the form listener or speaker.

if we take rest three option we will find that all three types are include mass.

5 0
3 years ago
Read 2 more answers
Scrooge, Inc. prepares adjusting entries only at the end of its fiscal year, August 31. Scrooge has the following unadjusted acc
o-na [289]

Answer:

$6,100

Explanation:

The computation of the net income is shown below:

= Service revenue in trial balance + ( unearned revenue × given percentage) - (rent expense in trial balance) + ( Prepaid rent × 2 months ÷ 12 months) - (wages expense in trial balance + adjusted trial balance)

= $5,000 + ($4,000 × 80%) - ($800 + $3,600 × 2 months ÷ 12 months - ($600 + $100)

= $5,000 + $3,200 - $1,400 - $700

= $6,100

4 0
3 years ago
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