The document called a corporate charter serves a formal purpose as its:
- names the board of directors.
- specifies the shares of stock to be issued.
- describes the business activities.
<h3>What is a corporate charter?</h3>
It is a formal document that is required to be filed with the Secretary of State or registrar in order to establish a company as a corporation.
Hence, these document contains the names the board of directors, specifies the shares of stock to be issued and describes the business activities for formal purpose.
Therefore, the Option C, D and E is correct.
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Answer:
b. 8.225%
Explanation:
The rate formula will be used to solve this question.
Please note that the NPER represents the time value.
Where;
Present value is $754.08
Let's assume that the face value is $1,000
PMT= 1,000 x 7.25% ÷2
=$36.25
NPER= 9 years x 2
= 18 years
The formulae is therefore
Rate(NPER,PMT,-,PV,FV)
The value of the present value is negative.
a. The pretax would therefore be 11.75%
b. After tax cost of debt would be ;
Pretax cost of debt x (1 - tax rate)
11.75% x (1 - 30%)
11.75% x (1 - 0.03)
=8.225%.
<span> making on time payments on a debt
</span><span> purchasing a large kitchen appliance with cash
</span><span> saving 25% of every paycheck</span>
Answer:
Total Inventory $899,000
Explanation:
Inventory at hand $725,000
Inventory in transit $102,000
Inventory in consignation $72,000
Total Inventory $899,000
<u>Notice:</u>
<em> The first cargo </em>is under term FOB destination, which means the goods are still property of the seller, so are not part of Beck company's yet.
<em>While the second cargo</em> is fob shipping point, Beck assume possesion of the gods as soon as they enter the dock.
It is not permissible to sign the documents on the behalf of the other person.
<h3>What is Business Overseas?</h3>
Business Overseas refers to the business with is outside the country often referred as the International Business. It involves the exchange of the goods and services outside the country.
According to the above scenario, Henry has the international business forgets to sign the critical documents in his absence to the particular place he offers his assistant to sign the papers which is not permissible for him to do so.
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