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3 years ago

Do you know, and can you describe, the three principal ways a for-profit business might legally organize?

Business

1 answer:

Lostsunrise [7]3 years ago

4 0

Answer:

1. Sole Proprietorship

2. Limited Liability Company (LLC)

3. Corporation

Explanation:

1. Sole Proprietorship - This is also called a one-man business. It could be your small neighbourhood store and so on. It is usually owned and run by the same person. The owner has unlimited liability and thus can lose his/her personal properties where the business is in debt.

2. Limited Liability Company (LLC) - these are private limited liability companies, and as name implies, the liability of its members is limited to the amount they contribute to the business. The Company is a legal entity and can own, buy and sell properties in its name

3. Corporation - This is a public company, its share is quoted on the stock exchange and can be freely traded. The ownership (shareholders) of the public corporation is different from those who run them (management). The Company is a legal entity and can own, buy and sell properties in its name

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A city government adds streetlights within its boundaries at a total cost of $300,000. These lights should burn for at least 10

tekilochka [14]

Answer: See explanation

Explanation:

a. Prepare the entries assuming infrastructure assets are capitalized with depreciation recorded on government-wide financial statements.

1. Debit: Infrastructure assets—street lights $300,000

Credit: Cash $300,000

(To record cash purchase of street light

2. Debit: Depreciation expense $300,000/10 = $30,000

Credit: Accumulated depreciation—infrastructure assets $30,000

(To record depreciation expense)

3. Debit: Maintenance expense—infrastructure assets $48000

Credit: Cash $48000

(To record maintenance expense)

4. Debit: Infrastructure assets—street lights $78000

Credit: Cash $78000

(To record cash expense for new light)

b. Prepare the entries assuming infrastructure assets are capitalized with government using the modified approach on government-wide financial statements.

1. Debit: Infrastructure assets—street lights $300,000

Credit: Cash $300,000

(To record purchase of street light)

2. Debit: Maintenance expense—infrastructure assets $48000

Credit: Cash $48000

(To record maintenance expense)

3. Debit: Infrastructure assets—street lights $78000

Credit: Cash $78000

(To record cash expense for new light)

3 0

3 years ago

Why dress code important ?

mote1985 [20]

Answer:

Visual Uniformity – Having every employee dressed to the standards of the dress code will create visual uniformity which helps customers identify employees and subtly promotes the impression of 'being a team' among the whole workplace.

Explanation:

1) A dress code promotes a more serious school atmosphere which emphasizes academics and promotes good behavior.

2) Dress codes have proven to increase student achievement by encouraging students to concentrate more on their studies and less on their wardrobe. A de-emphasis on clothing can also save money, as there will be less pressure to keep up with expensive trends and fashions.

3) Dress codes in school settings reduce social conflict and peer pressure that may be associated with appearance.

4) Studies indicate that a school dress code can reduces the prevalence of certain behaviors which are often expressed through wardrobe such as violence or promiscuity.

5) As opposed to uniforms, dress codes still allow students to wear what they want which leaves students with a sense of choice and expression.

3 0

3 years ago

a procyclical fiscal policy, like those of many state and local governments in the united states, tends to worsen recessions or

natima [27]

Procyclical fiscal policies, like those of many US state and local governments, have the tendency to make recessions or inflation worse.

In order to affect economic conditions, particularly macroeconomic recessions conditions, fiscal policy refers to the use of government spending and fiscal policies tax policies. These include employment, the total demand for goods and services, inflation, and economic expansion.

In order to boost demand and stimulate the economy during a recession, the government may reduce tax rates or increase spending. As an fiscal policies alternative, it might increase rates or reduce spending to slow down the economy and fight inflation.

Comparing fiscal policy to monetary policy, which is implemented by recessions central bankers rather than elected government officials, is common practice.

Learn more about fiscal policies here

brainly.com/question/27250647

#SPJ4

4 0

1 year ago

A company has a capital structure that includes 30% debts, 10% preferred stock, and 60% common stock. The before-tax cost of deb

Alexxandr [17]

Answer:

option (C) 11.8%

Explanation:

Debts = 30%

Preferred stock = 10%

Common stock = 60%

before-tax cost of debt = 11%

cost of preferred stock = 10.3%

cost of common stock = 14.7%

New common stock sales cost = 16%

The weighted average cost of capital for the company

marginal tax rate = 40%

= Debt × before-tax cost of debt × (1 - tax)) + (Common stock × cost of common stock ) + (Preferred stock × cost of preferred stock )

= 0.30 × 0.11 × (1 - 0.40) + (0.60 × 0.147 ) + ( 0.10 × 0.103 )

= 0.0198 + 0.0882 + 0.0103

= 0.1183

= 0.1183 × 100% = 11.83% ≈ 11.8%

Hence.

The correct answer is option (C) 11.8%

7 0

3 years ago

Whats the difference between the salary and hourly calculator? pleaseeee helpp

Bingel [31]

The main difference between the salary and hourly calculator is that the salary calculator is paid to an employee on the basis of an annual amount that is known as salary and hourly calculator is based on the hourly payment. This is the basic difference between the salary and hourly calculator. For a salaried employee, the number of hours worked in a month can vary without affecting the total salary fixed. In case of hourly calculated payment, the number of hours worked has a direct impact on the payment received. If the number of hours worked is less then the hourly calculated payment will also be less.

5 0

3 years ago