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4 years ago

Help please!!

1 answer:

6 0

Answer: A domestic corporation operates in the home country, a party established in one and business in the other. Shareholders. They decide on a payout. Relationship between different levels of the market.

Explanation:

Domestic corporations are large enterprises that are established in a particular country and do business in that home country. This does not mean that the same corporation has no representative office in a foreign country. A foreign corporation is a corporation that operates in a particular state but is incorporated (or otherwise formed, as its laws provide) in a foreign country.

Shareholders are the ultimate owners of corporations. They elect directors and set up corporate administration. They make the most critical decisions regarding a particular corporation and are the owners of shares held by a specific corporation. Shareholders enter into contracts and conduct the central policy when it comes to business.

In case the company has a surplus of earnings and decides to pay a dividend to the common shareholders. This assessment is usually made every three months, and then the decision is made. In this case, one-tenth of the accumulated profit is paid.

Proxy, in a broad sense, is a connection. This can be a different type of relationship. In this context, it can be a link between different corporations, between the directors of the corporation and the shareholders. Between directors and employees, etc.

A quorum represents the number of people needed to hold a founding assembly meeting. That number varies so that it may be different depending on the corporation. The majority refers to the number present, not the vote number. The number of quorum members is usually stated in the founding documents or the articles of association of the corporation.

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If our fixed expenses are $20,000, and sales are $550,000, and our unit selling price is $55, and our unit variable expense is $

natka813 [3]

Profit = Sales - Expenses
Expenses = Fixed + Variable 
No. of units sold = $550,000 / 55 = 10,000 
Variable expenses = $44 x 10,000 = $440,000 
Expenses = 20,000 + 440,000 = $ 460,000 
So, profit = 550,000 - 460,000 = $ 90,000.

4 0

3 years ago

Materials used in product $125,700 Advertising expense $51,700 Depreciation on plant 63,400 Property taxes on plant 23,100 Prope

Elodia [21]

Answer:

cost of goods manufactured= $356,200

Explanation:

To calculate the cost of goods manufactured, we need to use the following formula:

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

Overhead:

Depreciation on plant 63,400

Property taxes on plant 23,100

Factory supplies used 31,700

Total overhead= $118,200

cost of goods manufactured= 13,800 + 125,700 + 116,100 + 118,200 - 17,600

cost of goods manufactured= $356,200

4 0

3 years ago

The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. The reporting state

kipiarov [429]

Answer: For 20Y3 --8.2 times, 44.5 days

For 20Y2----7.5 times 48.7 days

Explanation:

20Y3 20Y2 20Y1

Accounts receivable, end of years $ 725,000; $ 650,000 $ 600,000'

Sales on account 5,637,500 4,687,500

For 20Y3 --

Accounts receivable turnover = Net credit Sales / Average Account receivable

Net Credit sales= $5,637,500

Average Account receivable

=(End of years of yr2 and 3)/ 2=($ 725,000 +$ 650,000) /2 = $1.375,000/2= $687, 500

Accounts receivable turnover = $5,637,500/ $687,500=8.2 times

Number of days sales in receivables = 365 days / Accounts receivable turnover

= 365/8.2 = 44.5 days

For 20Y2

Accounts receivable turnover = Net credit Sales / Average Account receivable

Net Credit sales= $4,687,500

Average Account receivable

=(End of years of yr2 and 1)/2 = ($ 650,000 + $ 600,000') /2 = $/2= $625,000

Accounts receivable turnover = $4,687,500/ $625,000=7.5 times

Number of days sales in receivables = 365 days / Accounts receivable turnover

= 365/7.5= 48.7 days

b. Accounts receivable in cash owed by clients to a company from the invoices the company sent to them

Also, Credit policy is a requirement that establishes the payment terms of a company to its clients so as to eliminate the risk of loss. The credit policy differs and from company and comprises of the payment terms( the duration of time) or credit period, collections, discounts and operational standard

---->The relationship between credit policy and account receivables is that is that when a company establishes that payment terms are increased and on credit, the accounts receivables increases reducing a company''s finance. A company that establishes a decrease in the credit period duration will have a reduced account receivable providing fast financial returns to the company.

From the results obtained from 20Y3 and 20Y2, We will see that

Particulars 20Y3 20Y2 Remark

Aturnover ratio 8.2times 7.5 times Increase by 0.7 times

Number of days sales

in receiviable 44.5 days 48.7days Decrease by 4.2 days

In year 20Y3, THE higher ratio of accounts receivable turnover shows that cash for sales will more likely to be collected than a 20Y2 with a lower ratio of accounts receivable turnover.

6 0

3 years ago

How do you contribute to uneployment if you do not pay tax?

luda_lava [24]

As long as one started working, he/she is then responsible to paying taxes to the government or to the state. The tax that he is paying is used for the programs planned by the government for the sake of the citizens. If you have been working but is not paying tax, it just seems that you have not worked at all. You will not have any record of being a tax payer and the government will count you in as someone who is unemployed.

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4 years ago

Which of the following quotes speak to the freedoms America identifies itself with? Select all that apply. "And by virtue of the

REY [17]

The quotes are:
"And by virtue of the power, and for the purpose aforesaid, I do order and declare that all persons held as slaves within said designated States, and parts of States, are, and henceforward shall be free"

"The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of sex."

"Fourscore and seven years ago our fathers brought forth upon this continent a new nation, conceived in liberty, and dedicated to the proposition that all men are created equal..."

All of these right was carefully drafted under the constitution as basic human rights. Every legal citizens that're born in united states were automatically granted these rights ever since we're born, and no Government officals had the right to overrule it no matter how high their position might be

3 0

3 years ago

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