A sole priorietorship is a business that is owned by a number of people? True or false?

Account Title Amount Account Title Amt Accounts Payable ---------------------- $ 204,975 Income Taxes Payable --------------- 78

Archy [21]

Answer:

Stockholders Equity

Preferred Stock 375,000

Common Stock 562,500

Additional Paid-in Capital 81,900

Retained Earnings 306,000

Total Equity 1,325,4‬00

Explanation:

We look into the list only for the equity accounts:

Which are the preferred stock, the common stock

and the additional paid-in caital.

We will also include the retained earnings account

All this accounts increase the equity, so we ujust need to add them together.

8 0

3 years ago

Taylor Inc. has some material that originally cost $65,500. The material has a scrap value of $56,300 as is, but if reworked at

fgiga [73]

Answer:

-$2,350

Explanation:

In this question, we have to compare the cost which is shown below:

If we considered the reworked cost, then the sales would be

= Sales - reworked cost

= $55,700 - $1,750

= $53,950

And the scrap value is $56,300

So, the financial disadvantage would be

= Sales without reworked cost - scrap value

= $53,950 - $56,300

= -$2,350

All other information which is given is not relevant. Hence, ignored it

5 0

3 years ago

Which activity is the forth-step in the decision making process of solving a workplace problem?

STatiana [176]

Answer

Hi,

Correct answer option is {c}

Explanation

There are four stages of solving problems at a workplace;

• Defining the problem where the manager identifies the issue at hand to obtain detailed information about it

• Going through the alternatives, where it involves balancing logical thinking and creativity in accessing and comparing alternatives

• Selecting the best strategy that involves carefully consideration of the options and deciding the strategy which is best for the workplace problem

• Implementing the solution which involves applying the a mixture of reductive analysis and system thinking.

All the Best!

7 0

3 years ago

An automotive company was looking to expand internationally and selected three possible countries in which to build a factory. A

Anon25 [30]

Answer:

The automotive company has run into bribery and corruption, one of the most common ethical challenges businesses faced today as they expand internationally.

Explanation:

As with the given scenario above, this company had three potential countries in which to expand their business of building a factory. These countries asked for an amount of extra kickbacks in exchange for helping the company run their business with ease.

However, in the business world, kickbacks are considered an illegal form of payment (or bribe) that one may gave as a compensation to an individual or organization with a considerable superiority and great influence in exchange for an improper advantageous treatment or service.

Such misappropriation of money violates the state or federal laws, which makes it a form of corruption.

Now, the automotive company from the given scenario had faced a dilemma whether to accept the bribe or not. It's a challenge for them as their decision might positively or negatively affect their business expansion.

7 0

4 years ago

on january 1, 2021, adams-meneke corporation granted 15 million incentive stock options to division managers, each permitting ho

Bingel [31]

Compensation expense for the stock option plan in 2021, 2022, 2023 are $210 millions, $96 million, $108 million.

Options granted 120 Millions

Multiply: Estimated fair value per option is $ 3

Total Compensation Expense is $ 360 Millions

Divided by: No. of years in vesting period (2021,2022 & 2023) 3 Years

Compensation expense for the stock option plan in 2021. is $ 120 Millions

Amounts are expressed in millions $.

Date General journal debit Credit

31st Dec, 2021 Compensation expense $ 120

Paid in capital – stock options $ 120

Percentage of option forfeited (100%-10%) = 90%

Cumulative Compensation expense Up to Year 2022 (360*90%*2/3) = $ 216

Less: recognized in earlier year is $ 120

Compensation expense For Year 2022 is $ 96

Cumulative Compensation expense Up to Year 2023 (360*90%*3/3)

= $ 324

Less: recognized in earlier year is $ 216

Compensation expense For Year 2023 is $ 108

Amounts are expressed in millions $.

Date General journal debit Credit

31st Dec, 2023 Compensation expense $ 96

Paid in capital – stock options $ 96

31st Dec, 2023 Compensation expense $ 108

Paid in capital – stock options $ 108

Learn more about Compensation Expense, here

brainly.com/question/27129728

#SPJ4

3 0

1 year ago