All categories

2 years ago

One of the advantages of a c corporation is ease of formation true or false

Business

1 answer:

ziro4ka [17]2 years ago

5 0

Answer:

true

Explanation:

A corporation is a form of business that gives room for seprate , legal entity but it is usually guided by some group of intelectuals referred to as board of directors. The corporation structure is the most advantageous way to kick start a business because it is the corporation operates as a separate entity.

Corporation has all the legal rights of an individual except some little limitations on right to voting and some other little limitations.

You might be interested in

Keenan has won the lottery for $10,000,000. He is offered a cash payment now of $7,500,000, or 10 annual payments of $1,000,000.

Katarina [22]

Answer:

a) 5,6%

b)$16 191 937.48

Explanation:

Download docx

7 0

2 years ago

What is an incentive

Anit [1.1K]

A thing that motivates or encourages someone to do something

4 0

3 years ago

Read 2 more answers

Mich Inc., a hardware store, has a rating system in place that rates employees on their friendliness, usefulness, and product kn

makvit [3.9K]

Answer:

Customer-focused compensation strategy

Explanation:

Customer-focused compensation strategy is the rating system where the employees are rated based on the way customers are being serviced. In this scenario, Mich Inc. is rating its employees on their friendliness, usefulness, and product knowledge, so the compensation strategy followed by Mich is closely described as a customer-focused strategy.

7 0

2 years ago

You deposit $100 on a bank 10% interest rate account for one year. How much do you get in one year time?

katen-ka-za [31]

Answer:

$10

Explanation:

10% of 100 is 10. 100÷10=10

8 0

2 years ago

You want to be able to withdraw $45,000 from your account each year for 30 years after you retire. You expect to retire in 25 ye

Amanda [17]

Answer:

Expected withdrawal is $45,000 for 30 years = total of $1,350,000

You will be required to invest in $25.063 every year.

Explanation:

By applying the goal seek formula in excel to determine the annual invested fund, based on a compounded interest rate of 6% over a duration of up to a maximum of 25 years from Year 0, we can clearly see that Savings ought to be $25,063 for every year.

The future Value of each saved fund is derived and added to future value of each years subsequent saved fund to arrive at a total expectation of $1,350,000 expected value after 25 years (i.e. $45,000 annual withdrawal x 30 years of withdrawal)

This brings total savings to $626,572 for the entire 25 years

Kindly refer to the attachment for breakdown of workings.

4 0

3 years ago