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3 years ago

finn and glenda want to form and do business as hobby crafts corporation. a corporation is

1 answer:

3 0

<span>Finn and Glenda want to form and do business as Hobby Crafts Corporation. A corporation is a legal entity that is recognized by state laws. A corporation is a company or group of people that are allowed legally to work together as one entity. They are granted operation by the state the live in and are recognized by whichever states they have licenses in. </span>

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Which of the following statements is correct?

Kamila [148]

Answer:

The correct answer is d. Different economic models employ different sets of assumptions.

Explanation:

To approach the study of economic reality it is necessary, in some way, to simplify it; keep certain variables under control. Precisely for this, it is that economic models are built.

Economic models are built on principles of departure, called "assumptions." Such assumptions fulfill the same role as the postulates in geometry. That is:

They are not subject to deduction from other more basic principles.
They are "reasonably" true but not necessarily verifiable.
They function as premises in the logical structure to deduce the conclusions and correlations found in the lowest levels of generality.

We can say then, that the theoretical explanations refer to invisible "relationships", whose existence is proposed by the theory, and whose implications are logically deduced, and then corroborated by observations. They consist of:

Assumptions (eg subjects want to maximize their earnings).
Relevant variables (eg price and quantity).
Binding hypothesis (eg quantity demanded based on price).
Conclusions or predictions of observable facts (eg prices will rise).

5 0

3 years ago

A company has the following asset account balances: Buildings and equipment $9,200,000 Accumulated depreciation 1,200,000 Patent

Elis [28]

Answer:

$14,000,000

Explanation:

To be reported under Property, Plant and Equipment:

= (Buildings and equipment - Accumulated depreciation) + Land Improvements + Land

= ($9,200,000 - $1,200,000) + $1,000,000 + 5,000,000

= $8,000,000 + $1,000,000 + 5,000,000

= $14,000,000

Note:

(1) Intangible Assets (Patents) will be reported after Plant, Property and Equipment. These are not a part of plant, Property and Equipment.

(2) There is no information about the useful life of the Land, so the value of land improvements will be included in the property, plant, & equipment section.

7 0

3 years ago

Scarlet Corporation, the parent corporation, has a basis of $600,000 in the stock of Brown Corporation, a subsidiary in which Sc

Anon25 [30]

Answer:

$950,000

Explanation:

As per IRS section 332, in the case when the parent company received a property when the complete liquidation of subsidiary company is done so the receipts of such property would not recorded either any loss or gain. Also the basis of the parent company assets would be carry over basis.

So here the basis would be $950,000

The same is to be considered

3 0

3 years ago

What is the basic strategy or strategies a marketing manager can choose in determiningâ€‹ price?

cupoosta [38]

I think it would be better if you provided some options to choose. But I think, I know the answer. I think it's one of practice innovative strategies.

4 0

4 years ago

In which situation would an employer be required to pay overtime?

madreJ [45]

Situations in which an employer would be required to pay overtime are:

A salaried employee works on a Saturday

A salaried employee works on a federal holiday

Explanation:

Overtime payments are required b the law to pay to a firm when they make their employees work over the permissible limit of work or hat is allowed int he job contract as the work limit for the company.

The concept is introduced for salaried workers as the work for a salary for the month and not on the hourly basis.

They are to be paid whenever they are made to work over whatever is in their contract which includes Saturday for most workers who do not have an off then and also on federal holidays invariably.

3 0

3 years ago

​finn and glenda want to form and do business as hobby crafts corporation. a corporation is

finn and glenda want to form and do business as hobby crafts corporation. a corporation is