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4 years ago

Q 1.1: An owner who wants to have limited liability should form which type of business enterprise?

Business

1 answer:

ycow [4]4 years ago

6 0

Answer:

A corporation

Explanation:

A business is an agency–typically a group of individuals or a firm–allowed by the government to operate as a single body (a legal entity) and recognized as being for other functions of law.

Early constituted institutions were created by charter (i.e. through an arbitrary act issued by a sovereign or enacted by a statute or house of commons).

Corporations come in various forms but are typically separated by the statute of authority in which they are subcontracted on the grounds of two dimensions: that they are willing to issue securities or if they are founded to turn a profit.

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Economic forces impact the opportunities available to entrepreneurs. Which of the following alternatives reflects a set of econo

SashulF [63]

Answer:

3. Interest rates, consumer spending patterns, and level of disposable income

Explanation:

The following alternatives reflects a set of economic forces that would be of interest to entrepreneurs: Interest rates, consumer spending patterns, and level of disposable income

1. Interest Rates: Whenever there is an increase in interest rates, entrepreneurs are required to set aside more funds for the repayment of loans in the sense that the interest component becomes more expensive and looking at the total picture, the loan becomes technically bigger than what they had collected. This occurrence of higher interest rates reduces the business' net income for all periods till the loan is fully paid.

2. Consumer spending patterns: Consumer spending patterns are a very important tool or dataset for businesses which can be used to understand market potential. It reveals customers who are likely to buy certain categories of goods and services and where they are geographically located. Without this information businesses could be located in the wrong places or could target the wrong customers

3. Level of disposable income: Disposable income refers to the amount of income left after taxes are paid. This metrics is important for businesses because that is the fraction of earnings that consumers spend on to buy goods and services.The higher the disposable income, the higher the demand for firms products will be.

4 0

4 years ago

A salesperson can put in regular effort (resulting in a 40% chance of sale) or high effort (60% chance of sale). If high effort

pickupchik [31]

Answer:

hs1isbwuxhwuzbbwxuzvuzbwixeixhwixbexinexneixneoznwoxneoxneoxnexojeoxjeoxn

7 0

3 years ago

What is the latest actual share count reported in the 2013 Colgate-Palmolive 10-K? Please provide your answer without comma sepa

svetlana [45]

Answer:

The latest actual share count reported in the 2013 Colgate-Palmolive 10-K:

1465706360 shares

Explanation:

Colgate-Palmolive actual share count as reported in the 2013 10-K is One Billion, Four Hundred and Sixty-Five Million, Seven Hundred and Six Thousand, Three Hundred and Sixty (1,465,706,360) shares. This figure represents the outstanding shares of the company, which are issued and fully paid, out of the 2 billion authorized shares. The outstanding shares multiplied with the market share price gives the market capitalization of Colgate-Palmolive.

3 0

3 years ago

Can an opinion be wrong? Isn’t everyone entitled to an opinion?

attashe74 [19]

Answer:

Yes

Explanation:

An opinion can indeed be wrong unless you based if of scientific facts and have evidence to back up your opinion. Everyone is indeed entitled to an opinion but not everyone listens to everyone’s opinion that is not backed up with facts.

3 0

1 year ago

Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $35,000. Its estimated residual value was

Katena32 [7]

Answer:

Duluth Ranch, Inc.

a. Depreciation Expense for 2018 and 2019, using the straight-line method:

2018: $24,000/5 = $4,800

2019: $24,000/5 = $4,800

b. Depreciation Expense for 2018 and 2019, using the units-of-production method:

2018 = 1,300 x $1.20 = $1,560

2019 = 1,750 x $1.20 = $2,100

c. Depreciation Expense for 2018 through 2022, using the double-declining balance method:

Depreciation Rate = 100%/5 x 2 = 40%

Beginning Bal. Depreciation Declining balance

2018: $35,000 $14,000 ($35,000 x 40%) $21,000 ($35,000 - 14,000)

2019: $21,000 $8,400 ($21,000 x 40%) $12,600 ($21,000 - $8,400)

2020: $12,600 $1,600 ($12,600 x 40%)* $11,000 ($12,600 - $1,600)

2021: $11,000 $0

2022: $11,000 $0

*NB: The calculated depreciation expense for 2020 is $5,040. But, the balance after depreciation must not be below the residual value. So, only the difference is expensed.

Explanation:

a) Data and Calculations:

Cost of machine = $35,000

Residual value = 11,000

Depreciable amount $24,000

Useful life = 5 years

Straight-line depreciation per year = $24,000/5 = $4,800

Expected production unit = 20,000

Depreciation rate per unit = $24,000/20,000 = $1.20

b) The straight-line method of depreciation simply divides the depreciable amount ($24,000) by the useful life of 5 years to determine a straight-line depreciation expense of $4,800 per year.

c) The unit-of-production method calculates the depreciation rate per unit (Depreciable amount divided by total expected production units) and applies this rate, $1.20, to the total units produced in each period to determine the depreciation expense.

d) The double-declining balance method divides 100% by the useful life of the asset and then multiplies this 2, to obtain the depreciation rate. This rate is then applied to the cost and declining balance each year. The double-declining balance method, initially does not take into cognizance the residual value of the asset. It only considers this salvage value towards the end when it adjusts the depreciation charge for the last year so that the declined balance will equal to the residual value.

5 0

3 years ago