To obtain knowledge as to remember for the questions so you shall not forget
Yes, because the person never handled chemicals before and if they want the job done right he NEEDS training before beginning
Answer:
Allen Steel Company is considering whether to build a new mill. If the interest rate falls,
d. the present value of the returns from the mill will rise, so Allen will be more likely to build the mill.
Explanation:
A fall in the interest rate payable by Allen Steel Company will increase the present value of the returns that it can generate from building a new mill financed with debt. This is an incentive for investors to build more capital assets to increase productive activities in the economy. This is why the fall will most likely encourage Allen to build the mill.
Answer:
C. $24,000
Explanation:
We assume that the company follows the percentage-of-sales method. In this method, the company ignored the previous balance of allowance for Doubtful Accounts
So, the amount of the adjusting entry to record the estimate of the uncollectible accounts would be
= Net credit sales × estimated percentage given
= $600,000 × 4%
= $24,000
All other information which is given is not relevant. Hence, ignored it
Answer:
Corporation
Explanation:
A corporation is the type of business ownership where the owners and the business are regarded as separate and distinct entities. In their formation, corporations have limited liability feature. Limited liabilities distinguishes the assets of the corporations from those of the owners.
When duly registered, a corporation acquires the right to own property, enter into commercial contracts, sue or be sued. In other words, a corporation becomes a legal business person. There various types of a corporation such as S corporation and C corporation. Limited liability companies may also be regarded as corporations as they have the limited liability feature.