1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aleksandr82 [10.1K]
3 years ago
9

To make, sell, and distribute candy that Ethan has developed, he incorporates his business and designates his sister and brother

as corporate officers. He sells them shares of stock. No shares are offered to the public. The three agree that if any one of them decides to leave the business, the others will buy that person's stock. Ethan's corporation is most likely:
a. a benefit corporation.
b. a close corporation.
c. an S corporation.
d. an alien corporation.
Business
1 answer:
Vedmedyk [2.9K]3 years ago
3 0

Answer: a close corporation

           

Explanation: In simple words, a close corporation refers to a corporation the number of shareholders of which does not exceed more than the statutory limit of 35 and is not a public corporation.

In the given case, Ethan has distributed the shares of his organisation to his brother and sister. He has made provisions under no outsider will be able to have the shares of his company.

Hence from the above we can conclude that his corporation is a closed corporation.

You might be interested in
On december 31, planet company acquired 80% of the voting common stock of star company by issuing 100,000 shares of its own comm
zavuch27 [327]

Answer:

Building with fair value of $150,000

Explanation :

In the consolidation work paper elimination, we eliminate the Equity or Net Identifiable assets that exist in Star Company at the Acquisition Date.

The Building with fair value of $150,000 was the only balance sheet item existing thus this is ultimately the Net Identifiable Assets that would be eliminated.

6 0
3 years ago
As product adopters in the diffusion of innovation, members of the early majority Group of answer choices
Luden [163]

Answer:

The correct answer is letter "B": are deliberate and use many informal social contacts.

Explanation:

Sociologist and Professor E.M. Rogers (1931-2004) proposed The Diffusion of Innovations Theory which is a concept that relates several consumers' factors with the time they take to adopt technological innovation. Those influential factors are individuals' opinions and the rate at which they can interact with the innovation. According to the theory, consumers can be classified into five (5) groups:

  • Innovators: <em>venturesome, higher educated, use multiple information sources. </em>
  • Early adopters:<em> leaders in a social setting, slightly above average education. </em>
  • Early majority:<em> deliberate, many informal social contacts. </em>
  • Late majority:<em> skeptical, below-average social status. </em>
  • Laggards:<em> fear of debt neighbors and friends are information sources.</em>
7 0
3 years ago
Which of the following is true?
Mandarinka [93]

Answer:

The answer is "Choice C".

Explanation:

The federal securities legislation governs its sales or offering of stock, investment management, the companies of some industry professional persons, investment companies like mutual funds, tender documents, proxy statements, and, more particularly, publicly-traded company control.  It's not just the external directors, but also the managers of the organization apply to these rules mostly on the release of erroneous financial reports.

3 0
3 years ago
If you take out a loan, which two things do your loan payments go toward?
Fofino [41]

Answer:

D. Principal and interest

7 0
2 years ago
Sandra wants to purchase a Nitro scooter from the only Nitro dealer in town, but the dealer will not sell her the scooter unless
kari74 [83]

Answer:

Option D The Clayton Act.

Explanation:

This legislation says that the unethical business practices are forbidden. This means if the Nitro dealer is asking for $500 extra for no reason then he is following an unethical business practice. So the Nitro Dealer is violating Clayton Antitrust act by fixing a price and then enforcing Sandra for purchase. So the violation is of provision of Clayton Act which prohibits price fixing.

8 0
3 years ago
Other questions:
  • Groundz Coffee Shop uses 4 pounds of a specialty tea weekly; each pound costs $16. Carrying costs are $52. It costs the firm $8
    8·1 answer
  • A marketing department at a large international organization is engaged in the statistical analysis and compilation of informati
    8·1 answer
  • If a competitive firm cannot earn a profit at any level of output during a given shortminusrun ​period, then which of the follow
    7·1 answer
  • Michael corporation manufactures railroad​ cars, which is its only product. the standards for the railroad cars are as​ follows:
    6·1 answer
  • "925,000" jackson county senior services is a nonprofit organization devoted to providing essential services to seniors who live
    12·1 answer
  • A manufacturer estimates that its product can be produced at a total cost of C(x) = 50,000 + 100x + x3 dollars. If the manufactu
    12·1 answer
  • When a commercial bank borrows additional reserves from another bank, it pays which interest rate?
    7·2 answers
  • In Florida, if a new vehicle is in the shop for 15 days or less during the first year the car is considered a lemon.
    10·1 answer
  • Decision Point: Deciding on Your Organizational Structure
    5·1 answer
  • Stephanie manages a team that has gone through a tremendous amount of transition over the last year. There have been multiple re
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!