Answer:
<u>b) The corporation survives even if managers are dismissed.</u>
<u>c) Shareholders can sell their holdings without disrupting the business.</u>
<u>Explanation:</u>
The above statements are correct descriptions of large corporations if consider;
1. A corporation is viewed as a legal entity, and so is believed to exist (survive) even if those who manage the corporation are dismissed.
2. Put simply, a shareholder holds some owns certain decision rights of a corporation, thus, the shareholder can decide to sell their holdings to an interested party. However, the business would not be disrupted, as only the holdings of a particular shareholder were sold, and the new shareholder would normally want the best interest of the company that's why he made the deal.
I think it’s a sorry if i’m working
Answer:
Option E.
Explanation:
In free trade, a country with a comparative advantage in a good produces that good in the long-term. Therefore, if these people are working in an industry in which it has a higher opportunity cost i.e. it does not have a comparative advantage; they will eventually see job loss or fall in income or both. On other hand, when they purchase goods which has lower opportunity costs in foreign, they get access to these at a lower price and can purchase a higher quantity. So, these people are both harmed and benefitted by free trade.
Answer:
increase assets by $13,000, increase liabilities by $13,000 and have no effect on equity.
Explanation:
Given that
The total cost of purchase of delivery truck = $15,000
Cash paid = $2,000
The accounting equation equals to
Total assets = Total liabilities + owners equity
The remaining amount left would be equal to
= $15,000 - $2,000
= $13,000
So it would increase the assets for $13,000 as the delivery truck is purchased plus there is also an increase in liabilities for $13,000 as it signed a note payable and there is no effect on equity
Answer: False
Explanation:
A startup firm is a company that is in the first stage of its operations. These firms are often initially bankrolled by their entrepreneurial founders as they make effort as they take chance on developing a product or service for which they believe there is a demand.
