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taurus [48]
3 years ago
12

When a business association holds itself out to others as being a corporation when it has made no attempt to , the firm normally

will be from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving dispute.
incorporate
estopped
a single
Business
2 answers:
Effectus [21]3 years ago
7 0

Answer:

When a business association holds itself out to others as being a corporation when it has made no attempt to <u>INCORPORATE</u>, the firm normally will <u>ESTOPPED</u> be from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving <u>A SINGLE </u>dispute.

Explanation:

This paragraph refers to corporations by estoppel, which are businesses that have not completed (or even started) the statutory requirements to incorporate, but act like corporations.  This denomination is used by courts when individuals act like they are part of a corporation or a limited liability company and then if something goes wrong (and it usually does), will argue that they were never a corporation or LLC. The defendants will then be estopped by the court from denying that they were part of a corporation.

Obviously this type of behavior is carried out for something illegal, since there is no reason why someone should trick other people into believing that they are part of a corporation when they are not. Generally this type of acts result in frauds committed by issuing non-existent stocks and who knows how many more bad things.

REY [17]3 years ago
3 0

Answer: Putting the terms incorporate , estopped and a single to make a meaning it becomes as seen in the explanation below.

Explanation: The question should be fill in the bracket with the terms - incorporate, estopped and single.

So it becomes.

When a business association holds itself out to others as being a corporation when it has made no attempt to INCORPORATE.

The firm normally will be ESTOPPED from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving a SINGLE dispute.

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Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information below for a
lys-0071 [83]

Answer:

Cutting $8,305

Binding $365

Explanation:

Calculation to Determine the ending balances in the Work in Process Inventory accounts of each department.

Cutting Ending work in process =$ 1,145+ 3,750+$ 9,240+$14,700-$20,530

Cutting Ending work in process =$8,305

Therefore the ending balances in the Work in Process Inventory accounts for cutting department will be $8,305

Binding Ending work in process= $2,200+$2,646+$3,450+$7,100+$18,575+$20,530-$49,000

Binding Ending work in process= $365

Therefore Therefore the ending balances in the Work in Process Inventory accounts for binding department will be $365

5 0
3 years ago
Western company begins the year with $50,000 of inventory on hand. During 2018, western purchases additional inventory for $100,
slava [35]

Answer:

Debit cost of goods sold $40,000

Explanation:

As with the details of inventory we have:

Opening value of inventory = $50,000

Purchases = $100,000

Thus, total inventory = $150,000

On the closing date we have the balance of inventory in hand = $110,000

Therefore, cost of goods sold = Total inventory - Closing

= $150,000 - $110,000 = $40,000

Cost of goods sold is an expense, and shall be debited.

8 0
3 years ago
Suppose that the federal government places a binding price floor on chocolate. To help support the price floor, the government p
Pavlova-9 [17]

Answer And Explanation:

a) Quantity of chocolate demanded by consumers will decrease

This is because there is a minimum price which makes product more expensive. The higher the price, the less the quantity demanded

b) Quantity of chocolate supplied by producers will increase

This is because price has increased with the government's price floor. The higher the price, the higher the quantity supplied.

c) Quantity of chocolate purchased by the government will increase

This is because there is surplus supply and therefore government would need to buy more to support the price floor and buy leftover chocolates in the market

7 0
3 years ago
A U.S. business sells milk to consumers in France. Which situation would most likely cause demand for milk to rise in France?
lys-0071 [83]

A situation that would most likely cause demand for milk to rise in France is French consumers expect the price of milk to increase in the future.

<h3>What causes an increase in the demand for a product?</h3>

The demand for a product is affected by:

  • future expectations
  • change in the price of other goods
  • Change in the income of consumers

When it is expected that the price of a product would increase in the future. Consumers would want to buy the product now when it is cheaper so as to save money.

For more information about the change in demand, please check: brainly.com/question/25871620

6 0
2 years ago
Những nhân tố ảnh hưởng đến hành vi mua hàng của người tiêu dùng là gì
sergey [27]

Nhận thức, động cơ, học tập, niềm tin và thái độ là tất cả các yếu tố tâm lý ảnh hưởng đến việc mua hàng của người tiêu dùng. Quá trình mọi người lựa chọn và giải thích thông tin để đưa ra quyết định mua hàng được gọi là nhận thức.

8 0
2 years ago
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