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3 years ago

Which of the following is a drawback of the corporate structure?

2 answers:

5 0

The primary disadvantage of the corporate form is the double taxation to shareholders of transfer-ability, ability to raise capital, and unlimited life.

liberstina [14]3 years ago

5 0

Answer:

C double tax on business earning

Explanation:

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Q 7.39: In a small-town retail store, the sales clerk is responsible for counting the cash in the cash register and comparing it

denis23 [38]

Answer: b.segregation of duties

Explanation:

Segregation of duties as an internal control ensures that there are multiple people doing activities that if left to one person can leave the company at the risk of fraudulent activity. It also helps to reduce the incidence of errors in reporting because more than one person will be cross-checking transactions.

There should be more segregation of duties in this small-town retail store. For instance, the sales clerk should not be responsible for both the counting and comparison to the cash register tape because they could have omitted sales from the machine and then simply taken the money from the cash when counting. A different person should count the cash to see if it tallies with the cash register tape.

5 0

3 years ago

Lani's generated net income of $911, depreciation expense was $47, and dividends paid were $25. Accounts payables increased by $

guajiro [1.7K]

Answer:

What was the net cash flow from operating activity? $959

Explanation:

Net Income 911

Addition to cash

Depreciation 47

958

Operation activities

Account Payable 15 Increase

Account receivables -28 Increase

Inventory 14 Decrease

Cash flow from

operating activities 959

5 0

3 years ago

Margot's Deli Company has the following information for July. Cost of materials placed in production $30,000 Direct labor 25,000

matrenka [14]

Answer:

cost of goods manufactured= $68,400

Explanation:

Giving the following information:

Cost of materials placed in production $30,000

Direct labor 25,000

Factory overhead 14,000

Work in process inventory, July 1 2,900

Work in process inventory, July 31 3,500

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

<u></u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 2,900 + 30,000 + 25,000 + 14,000 - 3,500

cost of goods manufactured= $68,400

8 0

3 years ago

Which is the best way to avoid market risks?

hjlf

Not trying to sale to the wrong company or risking on a single product of some sort.

3 0

3 years ago

The capitalized cost of any investment may be determined using the equation P = A/i where P is the capitalized cost, A is the an

statuscvo [17]

Answer: True

Explanation: The matching principle is used to compute capitalized costs by companies and it records expenses in the same period as the related revenues by matching the cost of an asset to the time periods in which it is used, and is therefore generating revenue.

Capitalized cost is also given as the present worth of cash flows which go on for an infinite period of time. In other words, the worth of cash flows does not leave the company when items are purchased. This is because the monetary value is retained in the form of a fixed or intangible asset.

The capitalized cost of any investment can be determined using the equation, P = A/i. Where P is the capitalized cost, A is the annual amount and i is the interest rate.

7 0

3 years ago