Answer:
Explanation:Three legal form of business organization
(1)sole proprietorship:-this is a one man business the PROPRIETOR. He runs the total affairs of the business
Advantages:-The owner has the final says
He enjoys all profits
Disadvantage:-the owner bears the loss alone.
His death can end the business..
(2)PARTNERSHIP:-It is a business owned by two or more people called partners..
advantages:-fund raising is easy..
They bring experience together..
Work load is shared.
Disadvantages:-profits is sheared..
Disagreement can set in and end the business
Death of some partners can end the business..
LIMITED LIABILITY COMPANY:-A limited liability company is a corporate structure whereby the owner are not personally liable for the company's debt or liabilities. Limited liability companies are hybrid entities that combines Tue characteristics of a corporation with those of a partnership or sole proprietorship..
Advantage:-transfer of ownership is easy..
Disadvantage:-exploitation of share holders..
Answer:
C. Costs Only
Explanation:
Cost centers are areas in an organization that doesn't add money (profit) directly to the organization, but still cost the organization operation money. They are departments in an organization is which cost are charged. Cost centers don't make profit for the organization directly, but they help in making profit indirectly for the organization. They are areas in a company that incurs cost but in indirectly contribute to income received. Example of a cost center is manufacturing plants. Cost centers have control over costs only.
Answer:
it acts as a stimulus to a market
Explanation:
an incentive is the extra money given to an employee for the constant hard work done,this can therefore act as a stimulus.
I hope this helps
Answer: The actual cost of materials was less than the standard cost
Explanation:
Net materials cost variance = Favorable materials price variance + Favorable materials quantity variance
= 380 + (-120 unfavorable)
= 380 - 120
= $260 favorable
<em>As the materials cost variance is favorable, it means that the actual cost of materials was less than what was budgeted for it or rather its standard cost. </em>
Answer: The donor may incur a gift tax liability. Also, the cost basis will be $50 per share to the recipient of the gift.
Explanation:
From the question, we are informed that a customer owns 200 shares of ABC, that were bought 2 years ago at $50 per share and that the current market value of ABC stock is $60 per share.
If the customer gifts the stock to his son, the result is the donor may incur a gift tax liability. Also, the cost basis will be $50 per share to the recipient of the gift.
