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2 years ago

The maximum number of actual shareholders in an s corporation is

1 answer:

5 0

S corporation is a special structure of business ownership which is not required to pay corporate income tax on the profits of the company. 
The maximum number of actual shareholders in an s corporation is 100. 100 shareholders or less have the benefit of incorporation while being taxed as a partnership.

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A(n) ____ strategy requires little initial investment, is heavily regulated, and provides little opportunity to modify products

Leni [432]

The answer to this question is importing/exporting strategy. Importing is when a product is being brought into the country because they lack of these products or services. While in exporting, this is when a business is increasing its market by supplying its products and services to a different country.

6 0

2 years ago

Jax Recording Studio purchased $7,800 in electronic components from Music World. Jax signed a 60-day, 8% promissory note for $7,

Lostsunrise [7]

Answer:

Interest revenue = $7800*8%/360*60

Interest revenue = $104

Date Journal Entry Debit Credit

Cash $7,904

Notes Receivable $7,800

Interest Revenue $104

5 0

2 years ago

Which of the following statements about entrepreneurs is FALSE? A. Entrepreneurs are people who start a new business. B. Entrepr

9966 [12]

Answer:

C. Entrepreneurs aren’t exposed to any risk when starting a new business.

Explanation:

Entrepreneurs are the person who starts their own business and took a financial risk from the start. Entrepreneurs manage the activities on their own, develop new ideas. and create the team for the benefit of the organization

Therefore, Entrepreneur exposed to the financial risk while starting their own business

hence, the correct option is C.

3 0

2 years ago

True or False: If Hubert's Fire Engines were a competitive firm instead and $100,000 were the market price for an engine, decrea

KatRina [158]

Answer:

False

Explanation:

In a perfectly competitive market the sales revenue is based on pricing also. As the pricing policy also plays an important role in the marketing technique to attract customers.

As the quality served is generally the same in the market, there is no issue in that but when the price is reduced expected sales will increase and accordingly the expected revenue also increases.

As the sales is expected to increase the revenue will also increase accordingly, even though the price is reduced, due to increase in sales quantity the expected change shall not be same as that of the change in price.

Thus, the statement is False.

5 0

2 years ago

Chez Fred Bakery estimates the allowance for uncollectible accounts at 3% of the ending balance of accounts receivable. During 2

notsponge [240]

Answer:

The balance of accounts receivable on January 1, 2018 is $31,180.

Explanation:

The following are given in the question:

Percentage of allowance for uncollectible accounts = 3%

Credit sales = $125,000

Collections = $131,000

Amount written off = $180

Therefore, we have:

Account receivable on 31 December 2018 * 3% = $750

Account receivable on 31 December 2018 = $750 / 3% = $25,000

Accounts receivable on 01 January 2018 = Account receivable on 31 December 2018 - Credit sales + Collections + Amount written off = $25,000 - $125,000 + $131,000 + $180 = $31,180

Therefore, the balance of accounts receivable on January 1, 2018 is $31,180.

8 0

2 years ago