Answer:
The correct answer is letter "D": What is the best business entity and structure setup for continuity and transferability?
Explanation:
If an investor is considering to start a new business and thinking about how his children will continue with the company after his or her pass away, the factors to be considered are the<em> type of entity</em> that could be more convenient for his children according to their interests and the <em>transferability </em>of the organization upon the decease of the original owner.
Types of entities refer to the structure the firm will take and the responsibility the owners will take. We could identify sole proprietorships, partnerships, Limited Liability Companies (LLCs), and corporations to mention a few.
When it comes to transferability, for instance, in sole proprietorships, partnerships, and LLCs that cannot be done upon the death of an owner. For such a case a new organization has to be born. That situation does not happen in corporations since ownership can be transferred by the purchase of stocks and the entity remains the same.
Answer:
A $64,000 1
B $60,000 2
C -$24,000 3
Explanation:
As we know that
The cash flow statement records three types of activities i.e operating activities, investing activities, and the financing activities
Since we have to determine the rank based on cash from operating activities
The rank is shown below:
A $64,000 1
B $60,000 2
C -$24,000 3
Answer:
$15.34
Explanation:
The formula and the computation of the predetermined overhead rate is shown be
Predeterminer overhead rate = Manufacturing overhead ÷ direct labor hours
where,
Manufacturing overhead is
= $359,860 + $8,300
= $368,160
And, the direct labor hours is 24,000
So, the predetermined overhead rate is
= $368,160 ÷ 24,000
= $15.34
Answer:
$2,000
Explanation:
The total incremental cost of making 75,000 and buying 75,000 units.
Answer:
b. Savings accounts
Explanation:
Assets are resources controlled by an entity as a result of past events for which future economic benefits would flow to the entity.
A savings account balance would be reported as cash and cash equivalent under the current assets section of the balance sheet.
Other options given are liabilities.
