Scientists who have a financial stake in a company are now required to state that when they do research. this is an example of

The form of a business organization that is not affected by the withdrawal or death of an owner and can continue forever is

Marina86 [1]

<span>This is a corporation. Corporations usually consist of boards of directors and other groups of people, and can continue to exist even after the founders of the business cease to exist or otherwise leave their founding role.</span>

8 0

3 years ago

A personal business letter is written by an individual to a company for resolving issues related to an unexpected error on a bil

yarga [219]

Answer:

See the explanation below.

Explanation:

62, Charlton Street,

Ibadan, Oyo State,

Nigeria.

14 May 2020.

The Accounting Officer,

XYZ Company,

Ibadan, Oyo State,

Nigeria.

Dear Sir,

Complaint Lodgment Over an Unexpected Error in My Bill

This is to bring to your notice an unexpected error of $9 over charge in the consumable items I purchased from your store yesterday, 13 May 2020.

From my recalculation of the total amount for the purchased item, I could observed that the error was due to a transposition of figure by your cashier; he charged me a total sum of $76 instead of $67.

Copies of the invoice and the payment receipt for the items are hereby attached to this letter for your verification. After your verification, kindly get back to me so that I can come to your office for the refund.

I look forward to receiving your usual timely response.

Yours sincerely,

Amcool.

4 0

3 years ago

A leveraged buyout refers to a(n): a. action where the management of the firm and/or an external party buys all of the assets of

grigory [225]

Answer:

a restructuring action whereby a party buys all of the assets of a business, financed largely with debt, and takes the firm private.

Explanation:

A leverage means taking a loan to consummate a deal. So a leveraged buyout is when an entity takes a loan in order to buy all the assets of a firm and take it private.

Leveraged buyout is practices by parties that do not have enough funds to purchase a company, but they see a high return of Investments over time.

So they take a loan to buyout the company in the hope that returns will eventually cover the loan taken

3 0

2 years ago

Diane Bernick opened Bernick's Consulting. Transactions for the month of January and trial balance at January 31 are shown. Jan.

padilas [110]

1. The preparation of the Income Statement for Bernick's Consulting is as follows:

Bernick's Consulting

<h3>Income Statement </h3>

For the Month Ended January 31, 20--

Consulting Fees 401 $1,700

Wages Expense 511 1,400

Rent Expense 521 750

Phone Expense 525 65

Utilities Expense 533 115

Miscellaneous Expense 549 40 $2,370

Net income $670

2. The preparation of the Owner's Equity for Bernick's Consulting is as follows:

Bernick's Consulting

<h3>Owner's Equity</h3>

As of January 31, 20--

Diane Bernick, Capital 311 $11,000

Diane Bernick, Drawing 312 (450)

Net loss (670)

Owner's equity $9,880

3. The preparation of the Balance Sheet for Bernick's Consulting is as follows:

Bernick's Consulting

<h3>Balance Sheet</h3>

As of January 31, 20--

<h3>Assets:</h3>

Cash 101 $9,730

Office Supplies 142 200

Office Equipment 181 1,300

Total assets $11,230

<h3>Liabilities and equity:</h3>

Accounts Payable 202 $1,350

Owner's equity 9,880

Total liabilities and equity $11,230

Bernick’s Consulting

<h3>Trial Balance</h3>

January 31, 20--

ACCOUNT TITLE ACCOUNT NO. DEBIT CREDIT

Cash 101 $9,730

Office Supplies 142 200

Office Equipment 181 1,300

Accounts Payable 202 $1,350

Diane Bernick, Capital 311 11,000

Diane Bernick, Drawing 312 450

Consulting Fees 401 1,700

Wages Expense 511 1,400

Rent Expense 521 750

Phone Expense 525 65

Utilities Expense 533 115

Miscellaneous Expense 549 40

Totals 14,050 14,050

Learn more about preparing financial statements at brainly.com/question/22941895

#SPJ1

4 0

1 year ago

Sussman Co. prepared cash-basis financial statements for the month ended January 31. A summary of Sussman's January activities f

coldgirl [10]

Answer:

An increase of $2,500

Explanation:

During cash-basis accounting method, all income and expenses that results to ACTUAL CASH INFLOW and OUTFLOW will be recorded. Thus, those income and expenses that applies for the period will not be recorded yet as long as there is no actual cash outflow. And all income made on account for the period will not be recognized unless there is an actual collection. Based on the stated facts, Sussman Co.,recorded $1,900 sales instead of the actual sales of $5,600 using accrual basis and has never been recorded the expenses incurred in the accrued salaries.

So, $5,600 less $1,900 cash collection which already have recorded on cash basis method, there will be an additional sales to be recorded at $3,700 less the salaries expense already incurred but not yet paid of $1,200. There will be an additional income of $2,500 after restatement.

5 0

3 years ago