Answer:
May incorporate in any state it chooses.
Explanation:
Incorporation can be defined as the creation of a new business which will have equal rights as that of an individual.
The different steps for incorporation include:
- Proper documentation of the reports of incorporation.
- Choosing a suitable name for the business.
- Documenting the various operational agreements.
- Appointing managers to supervise the daily activities.
- Getting a federal employment identification number.
- Opening accounts for keeping the revenues that will be generated by the company.
- Employing diffetents workers to carry out various activities in the company.
Answer:
Selling price= $336.6
Explanation:
Giving the following information:
Variable costs:
direct materials= $122
direct labor= $52
variable overhead= $67
Total unitary variable cost= $241
Total fixed costs= 679,000 + 114,000= $793,000
<u>First, we need to calculate the total unitary cost:</u>
Total unitary cost= (793,000/12,200) + 241
Total unitary cost= $306
<u>Now, the selling price:</u>
Selling price= 306*1.1
Selling price= $336.6
Answer:
a.
Total cost per batch is $490
b.
The cost to fill in an order of 94300 cans will be $11270
Explanation:
The cost function for total cost per batch consists of a fixed cost of $80 for set up and a variable cost of $0.1 per unit. Thus, the cost equation for Total cost per batch is,
Let x be the number of units.
Total cost per batch = 0.1 * x + 80
a.
One batch can produce a maximum of 4100 cans.
Total cost per batch = 0.1 * 4100 + 80 = $490 per batch
b.
To fill in an order of 94300 cans, we require the following number of batches.
Number of batches required = 94300 / 4100 = 23 batches
Total cost for 23 batches = 23 * 490 = $11270
Answer:
Section 16(b) of the 1934 Securities Exchange Act provides for recapture by the corporation of all profits realized by an insider from the purchase or sale of corporate stock within a 6 month period.
Explanation:
This section of the 1934 Securities Exchange Act was put in place to uphold fairness and equity in the financial markets. Without its provision, insiders could advantage of privileged information and exploit it for personal gain.
Answer:
$278,070
Explanation:
we must first calculate the annual payments:
annual lease payment = $961,930 / 6.206 = $155,000
Jagadison will receive a total of $155,000 x 8 annual lease payments = $1,240,000
total interest revenue = total lease payments - present value of the equipment = $1,240,000 - $961,930 = $278,070
