Answer:
a) Ownership rights cannot be easily transferred. - True
b) Ownership rights cannot be easily transferred. - False
c) Owners have unlimited liability for corporate debts. - False
d) Capital is more easily accumulated than with most other forms of organization. - True
e) Corporate income that is distributed to shareholders is usually taxed twice. - True
f) It is a separate legal entity. It has a limited life. - False
g) Owners are not agents of the corporation. - True
Explanation:
A corporation is an organization established by the issuance (and purchase) of shares. It is identified as a separate legal entity from the owners and the liabilities of the owners is limited to the amount invested (in form of shares or stock). Ownership rights can easily be transferred through various means. One of such means is the sale of shares or stock in the secondary market.
The company pays company income tax on income earned while the shareholders (owners) also paid tax on dividend income. It has an unlimited life and is expected to continue to perpetuity.
The board of directors, managers of the company are the agents of the corporation acting on behalf of the owners.
Answer:
Explanation:
Amount realized on sale:
Cash $75,000
Purchaser’s note 675,000
$750,000
Adjusted basis (535,000)
Gain realized on sale $215,000
b. $215,000 gain realized ÷ $750,000 contract price = 28.67% gross profit percentage.
Cash received in year of sale:
Cash at closing $75,000
August principal payment 33,750
$108,750
Gain recognized (108750*28.67%) $31,179
A. Book gain $215,000
Tax gain (31,179)
Book/tax difference $183,821
B. $183,821 × 35% = $64,338 deferred tax liability
The excess of book gain over tax gain is a favorable difference.
expectations about behavior and safety norms in the workplace.
Answer:
The null hypothesis states that the population mean is equal to a certain value
H°:U = $72,500
The alternative hypothesis states that the null hypothesis is false (according to the claim):
Ha:U >$72,500
Result:
H°U= $72,500
Ha:U >$72,500
Answer:
The correct answer is False.
Explanation:
Integrated business planning (IBP), which consists of synchronizing commercial, financial and supply chain plans in a single holistic administrative process, is vital to meet the evolving requirements of modern supply chains. An advanced form of sales and operations planning (S&OP) is the IBP that is increasingly being adopted in the manufacturing, distribution and service sectors. Companies that implement IBP programs in a strategic way generally exceed 20% of gross margin on average to companies that apply S&OP in a more tactical and less integrated way.
