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3 years ago

A business chartered by a state that legally operates as a separate entity from the owner(s) is called

Business

2 answers:

Svetllana [295]3 years ago

7 0

A business operated by state legally...... is called corporation

Volgvan3 years ago

3 0

Answer: “Bow Chicka Bow Wow“

Explanation: -Tucker

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Tweedie Company issues 11,500 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2014. The stock has a fair value

DENIUS [597]

Answer:

The journal entries are as follows:

(a) (i) on January 1, 2014

Unearned compensation A/c Dr. $5,75,000

To Common stock (11,500 × 10) $115,000

To Paid-in Capital in Excess of Par - Common Stock $4,60,000

(ii) On December 31, 2015

compensation expenses A/c(575,000 × 1/5) Dr. $1,15,000

To Unearned compensation $1,15,000

(To record the restricted stock)

(b) On July 25, 2018,

common stock A/c Dr. $1,15,000

Paid-in Capital in Excess of Par - Common Stock A/c Dr. $4,60,000

To compensation expenses $4,60,000

To unearned compensation $1,15,000

(To record the forfeiture)

8 0

4 years ago

On December 15, 2018, Rigsby Sales Co. sold a tract of land that cost $3,700,000 for $5,000,000. Rigsby appropriately uses the i

xxTIMURxx [149]

Answer:

$127,400

Explanation:

Gross profit ratio = [(sale - cost) ÷ sale price] × 100

= [($5,000,000 - $3,700,000) ÷ $5,000,000] × 100

= 0.26 × 100

= 26%.

Gross profit on down payment is recognized in 2019:

= Down payment × Gross profit ratio

= $490,000 × 26%

= $127,400

5 0

3 years ago

The BRS Corporation makes collections on sales according to the following schedule: 40% in month of sale 56% in month following

DaniilM [7]

Answer:

D. $155,600

Explanation:

The calculations of the budgeted cash collections are shown below:

= June sales × sale month collection percentage + May sales × following month collection percentage + April sales × second following month collection percentage

= $150,000 × 40% + $160,000 × 56% + $150,000 × 4%

= $60,000 + $89,600 + $6,000

= $155,600

Simply we multiplied the sales with the collection criteria

5 0

4 years ago

1. What industry forces might cause a propitious niche to disappear?

kicyunya [14]

If the market contracts, due to internal or external factors, then the demand for the goods and services that the firm sells will fall and thus, a propitious niche will disappear. and, if the market expands, and the company fails to meet the increased demand, then also the propitious niche will vanish.

3 0

2 years ago

Check my work Check My Work button is now enabled3Item 5Item 5 10 points Social Media, Inc. (SMI) has two services for users. To

Nimfa-mama [501]

Answer:

a. Predetermined administration costs - $ 54 per engineering hours

b. Profit per Toot - $ 648,075

Profit per Tix $ 326,450

Explanation:

Computation for predetermined overhead rate for admin costs

Estimated administration costs $ 629,100

Engineering hours - Toot - 6,825

Engineering hours - Tix - 4,825

Total engineering hours 11,650

Predetermined rate for administration costs

$ 629,100/ 11,650 hours $ 54 per hour

Computation of total profit for each service

Administration costs - Toot = 6,825 hours * $ 54 per hour = $ 368,550

Administration costs - Tix = 4,825 hours * $ 54 per hour = $ 260,550

Toot Tix

$ $

Revenues 1,350,000 1,040,000

Engineering costs 333,375 453,000

Allocation of admin costs 368,550 260,550

Total costs 701,925 713,550

Profit per service 648,075 326,450

5 0

4 years ago