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Delicious77 [7]
3 years ago
13

Rebecca Siddoway own and operate Country Candies. Siddoway specializes in making rich, creamy toffees that she packages in attra

ctive gift boxes and sells through the mail. What would her first step be if she decides to incorporate her business to make it easier to find investors?
Business
1 answer:
Fofino [41]3 years ago
4 0

Answer:

To write the articles of incorporation

Explanation:

An article of incorporation involves a set of documents being filed with the government or a government body with respect to the legal documentation or registration or establishment of a corporation.

Also known as the certificate of corporation, it usually contains general and important information about the corporation. This information includes name of company, type of company, business of the company, the type of stock to be issued, etc.

As regards Rebecca Siddoway, writing an article of incorporation means her company, Country candies has been formally and legally registered with the government. This will attract investors as the certificate of corporation will serve as a show of commitment on the part of the firm as well as the confidence that the company is not trying to swindle him or her.

Cheers

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Suppose Keyboard estimates it will use 125 comma 000 comma 000 parts per month and ship products with a total volume of 27 comma
djverab [1.8K]

Answer:

a)

Kitting: $0.072 per part and Boxing: $0.764 per cubic feet

b)

Kitting: $12.6 and Boxing: $6.9

Explanation:

Given that Keyboard spends $9,000,000 per month on kitting and $21,000,000 per month on boxing.

Keyboard estimates it will use 125,000,000 parts per month and ship products with a total volume of 27,500,000 cubic feet per month.

a) Since Kitting costs based on the number of parts used in the computer:

The predetermined overhead allocation​ rate for kitting = Money spent on kitting / number of parts used per month = $9000000 / 125000000 = $0.072 per part

Since Boxing costs based on the cubic feet of space the computer required:

The predetermined overhead allocation​ rate for Boxing = Money spent on Boxing / total = $21000000 / 27500000 = $0.764 per cubic feet.

a) each desktop computer requires 175 parts and has a volume of 9 cubic feet

For kitting, Activity cost per desktop = Predetermined overhead allocation rate x  quantity per desktop = $0.072 × 175 = $12.6

For Boxing, Activity cost per desktop = Predetermined overhead allocation rate x  quantity per desktop = $0.764 × 9 = $6.9

8 0
3 years ago
Josie wants to develop genetically altered plants to help increase plants’ growth and resilience. Which level of education would
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lozanna [386]

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a lender pays off your existing loans with a new one at a lower interest rate.

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5 0
2 years ago
The Murdock Corporation reported the following balance sheet data for 2018 and 2017: 2018 2017 Cash $ 90,695 $ 30,155 Available-
Klio2033 [76]

Answer:

Prepare the Cash flow from Operating Activities Section as follows :

Net income                                                                     62,000

Adjustments for Non - Cash Items :

Depreciation - Land, buildings, and equipment          38,000

Adjustment for Working Capital Items :

Increase in Accounts Receivable                                 (12,950)

Increase in Inventory                                                     (21,200)

Decrease in Prepaid Insurance                                          620

Decrease in Accounts payable                                    (73,530)

Decrease in Salaries payable                                        (5,700)

Decrease in Notes payable                                          (51,200)

Net Cash from Operating Activities                             (63,960)

Explanation:

Note that the question has requested use of indirect method for preparation of cash flows from operating activities.

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