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algol13
3 years ago
6

Why do many business owners prefer corporations over other forms of business organization?

Business
1 answer:
lianna [129]3 years ago
5 0
Many business owners prefer corporations over other form of business organization because corporation has several advantages:
1. Corporation is a legal entity that is created by the state.
2. It is for an unlimited life span.
3. Transfer of ownership is easy.
4. Corporate form also increases the credibility of a company.
5. Companies also find it easier to raise money in a corporation.
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While working at a clothing store, rachel was asked by a customer if they had any "fresh" clothes. rachel remarked that this sto
Mamont248 [21]
<span>Not answering the questions being asked. Rachel should have responded with, "yes, we have many options for fresh clothing in petite sizes". The answer Rachel gave does not help out the customer in any way. This is an example of not listening closely to the customer question.</span>
5 0
3 years ago
Which of the following would not be considered an external user of accounting data for the GHI Company? Customers. Management. I
Phoenix [80]

Answer:

Management - second choice

3 0
3 years ago
Henry has a defined benefit plan that promises an annual retirement benefit based on 2% of his final 5-year average annual salar
abruzzese [7]

Answer: e. $39,900

Explanation:

Henry's defined benefit can be calculated by the formula:

= Average salary over the last 5 years * Years of service at retirement * annual retirement benefit percentage based on 5 year average salary

= 95,000 * 21 * 2%

= $39,900

7 0
3 years ago
Business transactions completed hannah venedict during september are follows. using transactions, record journal entries, create
professor190 [17]

 Cash                         60000

 Office Equipment    25000

To Common Stock                  85000

(Being Cash and equipment introduced in business)

Land                          $40000

Building                    $160000

To Cash                                                  $30000

To Long Term Note Payable                $170000

(Being Land and Building purchased partly by cash and long term note payable)

Office Supplies                      2000

To Accounts Payable                            2000

(Being Office Supplies Purchased on credit)

Automobile                       16500

To Common Shares                            16500

(Being Automobile introduced in lieu of share)

Office Equipment                        $5600

To Accounts Payable                            $5600

(Being Office Equipment Purchased on credit)

Salary                                     $1800

To Cash                                             $1800

(Being Salary Paid in cash)

Cash                                      8000

To Sales                                                8000

(Being Sales made in cash)



6 0
3 years ago
What can be a cost of opening a basic checking account?
ivanzaharov [21]

Answer: High Fees

Explanation:

Checking accounts are very useful to the common person because of the liquidity they offer. With a Checking account, you are able to make withdrawals whenever you want by way of checks or ATM cards as many times as you want. Electronic transfers are available and depositing is quite simple.

In exchange for this high Liquidity though, the account receives low interest and can be subject to quite a number of fees.

Depending on the bank there are different fees attached with some of the most common being, Card processing fees, electronic and mobile banking fees, Overdraft fees, Maintenance fees and sometimes even a fee for letting the account drop below a minimum value.

5 0
2 years ago
Read 2 more answers
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