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Alekssandra [29.7K]
4 years ago
5

Indicate whether each of the following statements is true or false. 1. The corporation is an entity separate and distinct from i

ts owners. select between True and False 2. The liability of stockholders is normally limited to their investment in the corporation. select between True and False 3. The relatively low amount of government regulation of corporations is an advantage of the corporate form of business. select between True and False 4. There is no journal entry to record the authorization of capital stock. select between True and False 5. No-par value stock is quite rare today.
Business
1 answer:
slavikrds [6]4 years ago
4 0

Answer:1 True, 2 True, 3 True, 4 True 5 True

Explanation:

The business is seen as a separate legal entity separate from the owner. The reason for this is to know exactly what the capital employed by the owner's and investors have yielded

The liability of each shareholders for debt of the company is limited to the amount of capital in form of shares to the company or the amount each shareholders have agreed to contribute in the event of winding up or liquidation of the company

In a free market economy, government allows individual to own business they allow them to decide what to produce and how to produce it.however government plays a little role in business, but what government do is to provide an enabling environment for them to operate so that they can thrive. But government put in place some laws to control business activities.

The authorise capital is the capital contributed by the promoters of the company at inception of the company. It is a capital stated in their memorandum of association which are registered by the registrar of company.It is recorded not recorded in the journal

The common shares are issued either at par or non par value. When no stated value is on the share certificate it is known as non par valueThe value assigned to a share on the share certificate is the par value. But now, the two value commonly used are the book value and market value the book value is the total value that has been invested in the company common shares and how much will be available should the company liquidate. The market price is the stock market price which usually can be found on the financial page of the daily newspapers.

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Which items are characteristic of a credible website? Select all that apply.
Serggg [28]
The answer is 4. <span>The website ends in .gov.
</span>

Domain names such as .com, .net etc can be purchased by anyone and does not signify credibility of a website.

However, some web addresses such as .edu and .gov are reserved for educational and government institutions only.

This can clearly tell you about the reliability and the authority of the website.

Other options mentioned above such as (c) sign or a website selling law services, would not really be indicators of reliability since anyone can forge these.
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7 0
3 years ago
Read 2 more answers
1. A interest rate that does not change during the life of the loan is a
Kisachek [45]

Answer:

1,C. Fixed

2.D. Variable

Explanation:

A fixed-rate loan has an interest rate that doesn't change throughout the life of the loan. Because the rate remains the same for the entire term, the monthly loan payment shouldn't change, resulting in a relatively low-risk loan. As you compare loan options, note whether or not loans feature fixed rates

.A floating interest rate, also known as a variable or adjustable rate, refers to any type of debt instrument, such as a loan, bond, mortgage, or credit, that does not have a fixed rate of interest over the life of the instrument.

6 0
3 years ago
Canada has nationalized health​ care, so that​ everyone, regardless of their ability to​ pay, has some access to health care. Ba
Stella [2.4K]

Answer:

For whom will health care be produced?

Explanation:

The study of microeconomic theory is surrounded by three basic questions. The three fundamental questions of economics are solving the basic problems faced by economic agents. What to produce? How to produce? Who to produce for? These questions are pertinent because resources are scarce, but human needs are unlimited. Therefore, one has to choose the best combination of resources to make a production that meets human needs. The timing of production will depend on the perception of needs (demand), so that as man evolves, new demands emerge to improve people's quality of life.  

These questions perfectly apply to microeconomic sectors such as the health sector. These three questions may apply to microeconomic sectors. In the case of health, it would be  How will health care be produced?  What type of health care will be produced and in what quantity? "For whom will health care be produced?" The answer to this question is given in the text to citizens living in Canada.

4 0
3 years ago
On April 12, Hong Company agrees to accept a 60-day, 10%, $9,000 note from Indigo Company to extend the due date on an overdue a
emmainna [20.7K]

Answer:

The journal entry to be recorded for the payment of the note on date of maturity is shown below:

Explanation:

The journal entry to be recorded for the payment of the note on date of maturity is as follows:

Notes Payable A/c..........................Dr  $9,000

Interest expense A/c......................Dr  $148

            Cash A/c..........................................Cr  $9,148

Being payment of the note payable is reported on the maturity date

As on the day of the payment, the cash is going out of the business which means assets is decreasing and any decrease in assets is credited. Therefore, the cash account is credited. And the notes payable is paid so the notes payable account is debited and interest expense account will also be debited.

Working Note:

Interest expense = $9,000 × 10%  × 60/ 365

Interest expense = $148

3 0
3 years ago
Rodgers and Winter had capital balances of $60,000 and $90,000, respectively, at the beginning of the current fiscal year. The a
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Answer:

A) Net income $110,000    

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Salary allowance                  $25,000                $30,000

interest allowance                  $7,200                 $10,800  

(12% of capital)                

<u>split renaming income          $18,500                 $18,500  </u>

net income                            $50,700                $59,300

B) Net income $65,000    

                                              Rodgers                Winter

Salary allowance                  $25,000                $30,000

interest allowance                  $4,000                  $6,000  

(40% of remaining income

<u>to Rodgers and 60% to Winter)                                            </u>      

net income                            $29,000                $36,000

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3 years ago
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