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3 years ago

What are the features of a corporation?

Business

2 answers:

Fynjy0 [20]3 years ago

7 0

Answer:

<em><u>Find below the features of a corporation</u></em>

An investor who purchases stock in a corporation becomes an owner

The chief distinguishing factor of a corporation is its Limited liability in that corporation.

Explanation:

Stocks are certificates of ownership. Then, any person that buy a stock for a corporation become an owner of the company. This means that this person has the right to a share of the company profit if there is some.
Limited liability it means that if a law sue is issued over the company the person that is a stockholder or owner does not have any liability but just the corporation.

LUCKY_DIMON [66]3 years ago

7 0

Answer: a company that is recognized by the state as a person and is given certain rights

Explanation:

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When using the indirect method, adding an increase in an account such as Wages and Salaries Payable to net income eliminates the effect of recording Wages and Salary Expense that <u>according </u>this period.

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Sales are subtracted from cost of products sold, selling, general and administrative expenditures, operating expenses, depreciation, interest, taxes, and other expenses to arrive at net income (NI), also known as net earnings. Investors can use this figure to determine how much a company's revenue exceeds its costs. This figure is a measure of a company's profitability and may be found on the income statement.

Revenues less costs, taxes, and interest equal net income (NI).
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1 year ago

As a recent college graduate, Eli started working for an export trading company. His job has already taken him around the globe

Eduardwww [97]

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2 years ago

Suppose that the reserve requirement for checking deposits is 12.5 percent and that banks do not hold any excess reserves.

andriy [413]

Answer:

1) If the Fed sells $2 million of government bonds, the economy’s reserves Decrease by $2 million, and the money supply will Decrease by $16 million.

2) The money multiplier will remain unchanged. True

3) As a result, the overall change in the money supply will remain unchanged. True

Explanation:

1.) We have the reserve requirement for checking deposits as 12.5% with banks not holding any excess reserves.

To calculate Money Multiplier:

Money Multiplier = $\frac{1}{required reserved ratio}$ = $\frac{1}{0.125}$ = 8

If the Fed sells $2 million of bonds, reserves will decrease by $2 million and the money supply will decrease by 8 x $2 million = $16 million.

2) and 3) Now the Fed lowers the reserve requirement to 10 percent, but banks choose to hold another 2.5 percent of deposits as excess reserves.

To calculate Money Multiplier:

Money Multiplier = $\frac{1}{required reserved ratio}$ = $\frac{1}{0.1+0.025}$ = 8

Money multiplier is 8 same as in 1) Therefore the statements: "The money multiplier will remain unchanged" and "As a result, the overall change in the money supply will remain unchanged" are both True.

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3 years ago

Grameen Bank extends credit to the very poor to give them the opportunity to build better lives. Other businesses target poor pe

Dvinal [7]

Explanation:

Grameen bank is one of the pioneers in the world of Micro Finance Institutes, which not only provides the poor with access to financial capital but also helps them build a better business which allows them to escape from the poverty cycle. This lead to an overall upward economic movement in the society, improving the economic condition of a country as a whole. Through these micro finance loans, a number of SMEs (Small and Medium Enterprises) emerges which further provide employment opportunities to other people thus starting a virtuous cycle of economic growth.

As the economic condition of the poor becomes better, these poor people inturn becomes customer for these business for other products thus being a huge source of profit.

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3 years ago

The beginning inventory was 300 units at a cost of $10 per unit. Goods available for sale during the year were 1,300 units at a

Ugo [173]

Answer:

a. The number of units purchased in October = 400

The cost per unit = $12

b-1. Cost of goods sold = $7,950

Ending inventory = $6,450

b-2. Cost of goods sold = $8,650

Ending inventory = $5,750

Explanation:

a) Data and Calculations:

Beginning inventory 300 units at $10 per unit = $3,000

May purchases 600 units at $11 per unit = 6,600

October purchases 400 units at $12 per unit = 4,800

Goods available 1,300 units $14,400

Ending inventory 550 units

Goods sold 750 units

a. The number of units purchased in October = 400 (1,300 - 300 - 600)

The cost per unit = $12 ($4,800/400)

b-1. Cost of goods sold and ending inventory using FIFO method:

Cost of goods sold:

300 units at $10 per unit = $3,000

450 units at $11 per unit = 4,950 $7,950

Ending inventory = $6,450 ($14,400 - $7,950)

b-2. Cost of goods sold and ending inventory using LIFO method:

Cost of goods sold:

350 units at $11 per unit = 3,850

400 units at $12 per unit = 4,800

Total Cost of goods sold = $8,650

Ending inventory = $5,750 ($14,400 - $8,650)

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3 years ago