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trapecia [35]
3 years ago
8

True or False To start a corporation, you need to have a partnership agreement.

Business
1 answer:
strojnjashka [21]3 years ago
8 0

Answer:

False

Explanation:

You dont need this document to starta a corporation.

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An inmate escapes from the county prison. there is a $500 reward offered for any information leading to the capture of the inmat
xenn [34]

Answer:

<em>A. cannot expect to collect the $500 because he had a preexisting duty to arrest the inmate.</em>

Explanation: An Inmate is a term commonly used to refer to prisoners or persons placed within a confinement. An inmate can also be used to refer persons with mental health challenge who are placed within an enclosure or in a hospital to be attended to.

A Sheriff is a top Law enforcement officer in a county who engages in certain activities like being in charge of prisoners,traffic etc

8 0
3 years ago
Steinberg Corporation and Dietrich Corporation are identical companies except that Dietrich is more levered. Both companies will
AveGali [126]

Answer:

Explanation:

he total value of a firm’s equity is the discounted expected cash flow to the firm’s shareholders. If the expansion [in the economy] continues, each firm will generate EBIT of $4 million, but the firm is also obligated to pay interest of $940,000. If a recession occurs, Steinberg will have an EBIT of $1,400,000 but still have to pay $1,500,000 in interest to bondholders. Therefore, assuming a discount rate of 15%, the market value of Steinberg’s equity will be:

ESteinberg = [(.70)($4,000,000 - $940,000) + (.30)($1,400,000 - $940,000)]/1.15

ESteinberg = $1,982,609

Steinberg’s bondholders will receive $940,000 whether there is a recession or expansion in the economy. So, the market value of Steinberg’s debt is: DSteinberg = {(.70)[$940,000] + (.3)[$940,000]}/1.15 = $817,391

Since Dietrich owes its bondholders $1.5 million at the end of the year, its shareholders will receive $ million [i.e., $4 million - $1.5 million] in the event of expansion. If there is a recession, its shareholders receive nothing because the EBIT of $1.4 million is less than the interest payment of $1.5 million. Therefore, the market value of Dietrich’s equity will be: EDeitrich = {(.70)[$1.5 million} + (.3)[0]}/1.15 = $913,043 Dietrich’s bondholders will receive $1.5 million if the expansion continues, but only $1.4million if there is a recession [i.e., they take a $100,000 loss].

DDeitrich = { (.70)[$1.5 million] + (.3)[$1.4million]}/1.15 = $1,278,261

The value of Steinberg is: VSteinberg = D + E = $2,800,000

The value of Deitrich is: VDeitrich = D + E = $834,783 + $695,652 = $2,191,304

Agreed

8 0
2 years ago
On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exercisable no sooner t
Lilit [14]

Answer:

The amount of Compensation expense to Year 1 is $153,333.

Explanation:

Stock options granted                                       92000

X Fair value on date of grant                          5

Total compensation expense                       460000

Years                                                                    3    

Compensation expense per year 1                       53333

Therefore, The amount of Compensation expense to Year 1 is $153,333.

3 0
3 years ago
Catherine is a U.S. citizen who is employed by DSC, Inc., a global company. Beginning on August 1, 2020, Catherine began working
marin [14]

Answer:

a. Is Catherine eligible for the foreign income exclusion for 2020?

Yes

b. Catherine may exclude <u>$45,104</u> from her gross income for 2020.

Explanation:

In order for Catherine to qualify for the foreign income exclusion, she must have lived in a foreign country for at least 1 one (physical presence test). She lived for more than 1 year if we combine her residence in Germany and Slovenia.  

The foreign income exclusion amount for 2020 is $107,600, and Catherine can exclude up to (153 days / 365 days) x $107,600 = $45,103.56 ≈ $45,104.

5 0
2 years ago
A customer, who needs to drive to work in a Wisconsin winter, has a critical need to use the product Ice Melt. For him as a cons
Blizzard [7]

Answer:

Urgency / Postponement leads to customer inelastic demand of ice melt.

Explanation:

Elasticity of demand is responsive change in demand of good, due to change in price. Formula = % change in demand / % change in price

Factors Affecting Price Elasticity of Demand : Nature of commodity, Income, substitutes availability, time period, urgency / postponement, share in total expenditure,

Inelastic Demand is when demand responds proportionately less to price change. % change in demand < % change in price

Case 'Customer critically needs ice melt to drive to work' : This has inelastic demand i.e demand less respondent to price changes (he will buy that at high price too). Such because of the urgency of this demand & less scope of its postponement.

5 0
3 years ago
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