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Marina86 [1]
3 years ago
7

Management of a close corporation often resembles that of a______, but a corporation must meet the statutory requirements to rem

ain a corporation. Often, shareholders in a close corporation the transferability of shares. If a majority shareholder mis-appropriates company funds, the normal remedy for the other shareholders is to have their shares to determine value and then that value.a. partnership.
b. restrict.
c. appraised.
d. recive.
Business
1 answer:
Reika [66]3 years ago
8 0

Answer:

Explanation:

The statement in the question is not complete and should be the following with each of the answers provided being part of the statement like so,

Management of a close corporation often resembles that of a Partnership , but a corporation must meet the statutory requirements to remain a corporation. Often, shareholders in a close corporation restrict the transferability of shares. If a majority shareholder misappropriates company funds, the normal remedy for the other shareholders is to have their shares appraised to determine value and then receive that value.

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Identify the correct definition of an asset. Multiple choice question. An asset is an amount owed to a creditor. An asset is a r
Genrish500 [490]

The correct definition of an asset is B. An asset is a resource that a business owns or controls.

<h3>What is an Asset?</h3>

This refers to the commodity that a person owns that generates money over a period of time.

Hence, we can see that from the given answer choices, there are different definitions, but the correct definition is found in option A because it states that it is a resource that a business owns or controls.

Read more about assets here:

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5 0
2 years ago
What is an insurance premium?
Scilla [17]

Answer:

Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.

Explanation:

a

5 0
3 years ago
What is the most important duty of a firm's financial officer? to ensure that the firm has enough cash on hand to meet its commi
4vir4ik [10]
<span>What is the most important duty of a firm's financial officer? to ensure that the firm has enough cash on hand to meet its commitments at any given time to decide how to pay for investments to manage working capital to make investment decisions?</span>
8 0
3 years ago
1. Ira Schwab opens up a Schwab IRA and places $2,000 in his retirement account at the beginning of each year for 10 years. He b
s2008m [1.1K]

Answer:

He will have $102,979 in his retirement account in 10 years.

Explanation:

Annual Payment = $2,000

Number of Year = n = 10

Interest rate = i = 5%

Compounded Quarterly

Future value after 10 years

FV = A [ ( ( 1 + ( r / m )^mt ) - 1 / ( r / m )

FV = $2,000 [ ( ( 1 + ( 0.05 / 4 )^40 ) - 1 / ( 0.05 / 4 )

Future value = $102,979

So, Ira Schwab will have $102,979 in his retirement account in 10 years.

5 0
3 years ago
You deposit​ $5,000 per year at the end of each of the next 25 years into an account that pays​ 8% compounded annually. How much
Volgvan

Answer:

The correct answer is A. $18,276

Explanation:

First you have to calculate how much you'd end up having at the end of the 25 years period in your savings account.

You calculate the total amount saved for each year, using the formula:

S_{n} = S_{n-1} *(1+r)+D

Where

S_{n} is the total amount in the savings account for this period.

S_{n-1} is the total amount in the savings account from the previous period.

ris the interest rate.

Dare the annual deposits being made into the savings account.

Therefore for the first year you'd do:

S_{1} = S_{0} *(1+r)+D

S_{1} = 0*(1+0.08)+5000=5000

For the second year:

S_{2} = S_{1} *(1+r)+D

S_{2} = 5000*(1+0.08)+5000=10400

And so on. You can help yourself calculate the value of this series using programs like Excel.

I have attached an Excel file that has a table with the savings values for each of the 25 years.

So, the 25th year you’ll have $365,529.70 in your savings account. Now you simply divide this number by 20 (that will be the number of years you’ll be withdrawing the same dollar amount from your savings account):

Withdrawals = 365,529.70/20=18,276.485

In conclusion, you’d be able to withdraw $18,276.485 each year for the following 20 years after the 25th deposit, if all withdrawals are the same dollar amount.

Download xlsx
3 0
3 years ago
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