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Ugo [173]
3 years ago
5

Jaronda founded Diamond Communications Inc. in 1993. Ten years later, the company went public. Despite Jaronda's death in 2005,

the company reported a 75 percent increase in revenue in 2006. Which of the following characteristics of a publicly traded company does this scenario best exemplify?
A. limited liability for investors
B. legal personality
C. separation of legal ownership and management control
D. transferability of investor ownership
Business
1 answer:
Solnce55 [7]3 years ago
7 0

Answer: C. separation of legal ownership and management control

Explanation: Public traded company can go on with their operation undisturbed when the founder dies, because there is separation of ownership from management of the company.

Public traded companies usually have a board which management report to, the board is the highest decision making body in the company.

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On June​ 1, Addison Company purchased $ 10,000 of inventory on account from Garrison Company. Garrison offers a 4​% discount if
IRINA_888 [86]

Answer:

c. a debit to Inventory for $10,000

Explanation:

Whenever goods are purchased on a discount to be received on payment basis, the inventory is first recorded at cost.

Also as per the general rule, discount is a kind of income, and incomes are recorded only when earned, therefore, the cost of inventory shall be reduced by 4% only when the payment is made, therefore the inventory on the date of purchase shall be recorded at $10,000 only and not for $9,600.

Thus, correct option is c

4 0
3 years ago
On December 31, 2017, Stellar Company had $1,159,000 of short-term debt in the form of notes payable due February 2, 2018. On Ja
Phoenix [80]

Answer:

Explanation:

Before showing how short term debt should be presented before doing this we have to classify the items in each head

Like - In current liabilities, notes payable is recorded at $11,500  

And, in the long term liabilities, the proceed after brokerage fees for $1,147,500 should be recorded.

The total amount would remain the same i.e $1,159,000  

Kindly find the attachment below:

5 0
3 years ago
What are 3 benefits of adding non-QuickBooks Online clients to your Client List in QuickBooks Online Accountant
kipiarov [429]

Answer:

The answer is below

Explanation:

There are quite some benefits of adding non-QuickBooks Online clients to your Client List in QuickBooks Online Accountant, in which three amongst them are:

1. It gives the opportunity to keep all the clients' data, including documents in a specific place together

2. It gives the user a chance to easily transfer to clients, the saved documents in QuickBooks Online Accountant

3. A user can easily create projects and tasks for non-QuickBooks Online clients in the work tab in order to meet some crucial clients deadlines.

3 0
3 years ago
EB15.
Airida [17]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

flexible budget:

direct materials of $3 per unit

direct labor of $2.50 per unit

manufacturing overhead of $1.25 per unit

Fixed costs are $49,000.

33,000 units:

Flexible budget:

Total direct marerial= 3*33,000= $99,000

Direct labor= 2.5*33,000= $82,500

MOH= 1.25*33,000= $41,250

Total manufacturing costs= $222,750

Fixed costs= 49,000

Total production costs= $271,750

35,000 units:

Total direct marerial= 3*35,000= $105,000

Direct labor= 2.5*35,000= $87,500

MOH= 1.25*35,000= $43,750

Total manufacturing costs= $236,250

Fixed costs= 49,000

Total production costs= $285,250

8 0
3 years ago
true or false: The decrease in the proportion of income spent on the basic necessities of life has encouraged the demand for mor
KIM [24]

Answer: True

Explanation: This quiz question explains the relationship between income and demand.

7 0
3 years ago
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