Unlike sole proprietorship and partnerships, the corporation has a life independent of its owners and officers. This statement is true.
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What is Partnership?</h3>
- In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.
- Organizations may work together to expand their reach and increase the likelihood that each will succeed in reaching their goals.
- A partnership may solely be controlled by a contract, or it may issue and hold stock. Business: Two or more businesses collaborate in a joint venture, a buyer-supplier arrangement, a strategic alliance, or a consortium to: I work on a project (such as an industrial or research project) that would be too difficult or risky for a single entity; and (ii) join forces to have a stronger position on the market.
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Debit Accounts Receivable $5,000; credit Tile Sales $5,000
Answer: compare his turnover ratio to other grocery stores' ratios.
Explanation: The manager should "compare his turnover ratio to other grocery stores' ratios" since Humongous Food Store (HFS) is losing money but have a turnover ratio of 12.
A turnover ratio of 12 means that they sold everything in the store once per month. Turnover ratio is the percentage of mural fund or portfolio holdings that have been replaced in a given year or 12 months period.
Answer: B: Department stores
Explanation: Department stores, like most retailers, are experiencing greater competition and need to take extra steps to compete.
Answer:
machine hours
Explanation:
The formula to compute the predetermined overhead rate is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours or estimated direct labor hours )
We simply divided the total estimated manufacturing overhead by the activity base
So in the given situation, since the automated manufacturing operations wants to calculate the predetermined overhead rate so they choose the machine hours as the number of machines are used.
