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nordsb [41]
3 years ago
12

Definition of a corporation, two examples. LOTS OF POINTS.

Business
1 answer:
Andrei [34K]3 years ago
7 0
The dictionary definition of a corporation is "<span>a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law." So basically a company that has been given the legal rights of a person. Examples of this would be Google, or Burger King because they are given these legal rights by the government.</span>
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Layla Company began making mascara in November 2018 using a single-step process. Layla incurred $42,000 for materials and $48,64
Anna35 [415]

Answer:

correct answer is   b) $2.00

Explanation:

we know here

started and completed unit  for physical = 18000

so EUP material for 100 % = 18000

and

Ending work in process for physical = 3000

so EUP material for 100 % = 3000

so total EUP material = 18000 + 3000 = 21000

and

Unit cost is here = \frac{42000}{21000}

Unit cost =  2 per unit

so correct answer is   b) $2.00

4 0
4 years ago
In its third year, a project is expected to generate earnings before interest, taxes, depreciation, and amortization of $283,104
Lesechka [4]

Answer:

$195,751

Explanation:

Calculation for the project's expected operating cash flow

The first step will be to find the EBIT

using this formula

EBIT =(Earnings before interest, taxes, depreciation, and amortization -Depreciation expense)

Let plug in the formula

EBIT= 283,104 - 53,228

EBIT= 229,876

Second step is to find the NOPAT using this formula

NOPAT = EBIT(1- tax rate)

NOPAT= 229,876(1 - 0.38)

NOPAT= 142,523

Last step is to calculate for Expected Operating Cash flow

Using this formula

Operating cash flow = NOPAT + Depreciation expenses

Let plug in the formula

Operating cash flow = 142,523 + 53,228

Operating cash flow = $195,751

Therefore the project's expected operating cash flow will be $195,751

3 0
3 years ago
Barbara Hastings has no children of her own, but she does have a beloved niece named Ellen Laughridge. Attentive to the future f
timurjin [86]

Answer:

1. Ellen would only be able to recover the $500,000 insurance proceed if she should be able to find a technicality in the insurance company's rules and regulation. <em>This is because, strictly following the rules, there is nothing she can do regarding to the claim.</em>

<em />

2. It is not ethical for the insurance company to deny the claim of Ellen on the basis of technicality but when viewed from another perspective, they are strictly following the rules of the insurance organization and applying it to the later.<em> It is now left for the claimant to find another technicality on why he or she must be paid the insurance claim.</em>

Explanation:

7 0
3 years ago
During its first year of operations, Walnut Company completed the following two transactions. The annual accounting period ends
natima [27]

Date               Account title                      $Debit                  $Credit

Dec 31            Wages Expenses               4800

                       Wages Payable                                              4800

                          (to record accrued wages)

Jan 06             Wages Payable                 4800

                        Cash                                                              4800

                        (to record payment of wages in cash)

An accounting period, in bookkeeping, is the length with reference to which management accounts and monetary statements are prepared. In management accounting, the accounting period varies widely and is decided via management. monthly accounting periods are common.

An accounting duration is the time frame for which a business prepares its financial statements and reports its financial performance and position to external stakeholders. this could be after three, six, or twelve months. The accounting period usually coincides with the business's fiscal year.

learn more about the fiscal year here brainly.com/question/15982144

#SPJ4

6 0
2 years ago
Abardeen Corporation borrowed $90,000 from the bank on October 1, 2018. The note had an 8 percent annual rate of interest and ma
TiliK225 [7]

Answer:

Interest paid in cash in 2018 = $0

Interest recognized on the Income statement = $1,800

Liabilities recognized = $90,000

Amount paid for Principal and interest = $93,600

Interest reported on 2019 Income statement = 1800

Explanation:

Interest paid in cash in 2018 is zero because interest and principal were paid in cash on the maturity date.

Interest recognized in 2018 = 90000*0.08*3/12 = $1800

liabilities are recognized at original amount because the interest is not capitalized and no payment made thus far.

Amount paid on maturity date is 93,600 ( 90000 principal, 3600 interest)

interest reported is for three months jan - march

7 0
3 years ago
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