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4 years ago

If teamwork and support are high on your priority list, a _______ may be a poor choice for a business

Business

2 answers:

Elan Coil [88]4 years ago

8 0

If teamwork and support are high on your priority list, a closed corporation may be a poor choice for a business.

A closed corporation is generally a smaller corporation, it means that it is held by a limited number of shareholders and is not publicly traded. There are many different types of corporations.

irga5000 [103]4 years ago

5 0

the answer you are looking for is sole proprietorshipp

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A company purchased a machine for $140,000 with a useful life of 8 years and a residual value of $10,000. It is estimated that t

densk [106]

Answer:

The amount of accumulated depreciation at the end of the second year is $49,700.

Explanation:

Determining the depreciable cost

Determine the depreciable cost = Acquisition - Residual value.

The depreciable cost = 140,000 - 10,000.

The depreciable cost = $130,000.

Determining the depreciation rate per unit

The depreciation rate per unit = depreciable cost / No. of activity units

replacing:

The depreciation rate per unit= 130,000 / 80,000

The depreciation rate per unit= $1.6 per activity unit.

Determining the amount of accumulated depreciation

The depreciation expense for year 1= Activity units in year 1 × depreciation rate per unit.

The depreciation expense for year 1 = 17,000 × 1.6

The depreciation expense for year 1 = $27,200.

The depreciation expense for year 2= Activity units in year 2 × depreciation rate per unit.

The depreciation expense for year 2 = 15,000 × 1.6.

The depreciation expense for year 2 = $22,500.

The amount of accumulated depreciation = depreciation expense for year 1 + depreciation expense for year 2.

The amount of accumulated depreciation = 27,200 + 22,500.

The amount of accumulated depreciation = $49,700.

6 0

3 years ago

Question 18

Scilla [17]

Answer:

if, before the sale, notice is given to Fertile Farm.

Explanation:

hope this helps you have a nice day :)

5 0

2 years ago

Skysong Corporation has retained earnings of $691,300 at January 1, 2020. Net income during 2020 was $1,552,100, and cash divide

just olya [345]

Answer:

Skysong Corporation

Statement of Retained Earnings

Retained earnings balance January 1, 2020 $691,300

Add:

Adjustments to 2019 Income Statement $88,390

Net profits 2020 $1,552,100

Less:

Dividends declared and distributed ($82,000)

Retained earnings balance December 31, 2020 $2,249,790

Since the land purchase was recorded as maintenance expense by error, the 2019 income statement must be adjusted by adding that amount.

4 0

4 years ago

The sales manager is convinced that a 11% reduction in the selling price, combined with a $65,000 increase in advertising, would

Zarrin [17]

Answer:

net income increase of 11.25%

Explanation:

If the price p is reduced a 11% means that new price will be p(1-0.11)

New price = 0.89p

The new quantities demandes will increase a 25%, this means that the new quantities will be Q*(1+.025) = 1.25Q

So, the net income under this new circunstances will be

1.25 Q * 0.89P = 1.1125 P*Q

This means a net income increase of 11.25%

8 0

3 years ago

Bryan needs a new backpack he compares prices from three different backpacks at a local store to find the best deal which functi

MrRissso [65]

Disposable income Im pretty sure that is it

4 0

3 years ago