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Stels [109]
3 years ago
10

1. Which of the following is not characteristic of a corporation?

Business
2 answers:
Oxana [17]3 years ago
8 0
<span>1. Which of the following is not characteristic of a corporation?

d. Corporations are required to file federal income tax returns.

2. Characteristics of a corporation include

d. Shareholders who have limited liability

3. One of the main disadvantages of the corporate form is the

b. Double taxation of dividends


4. Under the corporate form of business organization

a. Ownership rights are easily transferred.


5. Those most responsible for the major policy decisions of a corporation are the

b. Board of directors.


6. Stockholders' equity

d. Is shown on the income statement

7. The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?

b. Investor expectations of the corporation's earning power


8. Which of the following accounts below is reported in the paid-in capital/stockholders' equity section of the corporate balance sheet?

b. Stock Dividends


9. The excess of issue price over par of common stock is termed a(n)

d. Premium


</span>
andreev551 [17]3 years ago
5 0

Answer:

1. b; 2. d; 3. b; 4. a; 5. b; 6. c; 7. c; 8. d; 9. d; 10. c.

11.

April 1st Dr Cash                                                 $220,000

               Cr Common stock                               $50,000

               Cr Paid-up capital - common stock    $170,000

(to record the issuance of 10,000 common shares $5 par value at $22)  

April 7    Dr Cash                                                  $520,000

               Cr Preferred stock                                $250,000

               Cr Paid-up capital - preferred stock    $270,000  

(to record the issuance of 5,000 shares $50 par value at $104)              

Explanation:

1. Cash dividends is not a form of expenses in a corporation, in fact it is the distribution of earnings from corporation to its shareholders; thus not tax deducted.

2. In a corporation, shareholders are only liable to the amount of shareholding they possess. Thus, their liability to the corporation is limited.

3. One of the main disadvantage of corporation is the double taxation system. It is because a corporation and its shareholders are considered to be two separate legal entities so they all have to pay their income tax. This makes the income earned at the corporate is liable for paying corporate tax before it is paid to its shareholders under the form of dividend which is once again being taxed as at individual level since it is one of the income source(s) of the shareholders.

4. Shareholders can easily traded their owneship in a corporation through selling/buying its share without asking permission from the corporation's other shareholders or its management. Moreover, usually the market value of these shares are at a appropriate level for trading at individual level.

5. Though Management runs the daily business activities, Management's activities should be under the direction of other major policy decisions (eg: growth strategy in the next 5 years) of a corporation which is made by Board of Directors.

6. Stock's equity simply includes all the amount that shareholders have been contributed to a corporation under the form of buying/holding its common/preferred stock and the amount of net earnings a corporation retained.

7. The price of a stock is usually valued by assesing its current financial health including its financial position, earnings, risks and prospects. From that, potential stock investors form up an expectation on the stock price.

8.  As explained in 6, the answered is d.

9. Stock issued at price over par value is termed a premium.

10. As there is 60,000 issued and 10,00 reacquired, the outstanding is 60k -10k =50k.

11. Descriptions are put under each journal entry for explanation.

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Answer:

thx fpr the 50 bro and can i get brainliest i need one more

Explanation:

7 0
3 years ago
A mortgage requires you to pay $70,000 at the end of each of the next eight years. The interest rate is 8%.
bazaltina [42]

Answer:

PV $402,264.7261

balance of the mortage

1-y from now   $364,445.9041

2-y from now   $323,601.5765

3-y from now  $279,489.7026

4-y from now  $231,848.8788

5-y from now $180,396.7891

6-y from now   $124,828.5322

7-y from now   $64,814.8148

Explanation:

We sovle for the PV of the annuity of 70,00 during 8 years discounted at 8%

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 70,000.00

time 8

rate 0.08

70000 \times \frac{1-(1+0.08)^{-8} }{0.08} = PV\\

PV $402,264.7261

To know the value of the outstanding dbet we can repeat this formula changing the values for time

t = 7   $364,445.9041

t = 6   $323,601.5765

t = 5   $279,489.7026

t = 4   $231,848.8788

t = 3   $180,396.7891

t = 2   $124,828.5322

t = 1   $64,814.8148

8 0
2 years ago
You explain the concept of smarketing meetings to your leadership team, and one person asks, "How often do we need to have these
Black_prince [1.1K]
<h2>Depending on the need would be the apt answer for this type of question.</h2>

Explanation:

Employees normally consider meeting as waste of time, or they might sell products instead of attending meeting. We must re-insist the purpose of meeting.

Meeting,

  • can make employer understand employee better and vice-versa
  • is to communicate latest update, expectation
  • is to track current events and to hand-hold wherever necessary
  • is to review the road map to reach the organizational goals
  • is to appreciate the best work so that it would be a motivational factor for everyone
  • meant to trigger the work more efficiently

The meeting are organized to support both organization and employees to be on track and it is scheduled only as per need. So it is not often and whenever it is essential.

5 0
3 years ago
When firms grow larger, they sometimes add many additional layers of managers between the top executives and the entry-level emp
DiKsa [7]

Answer:

The correct answer is letter "C": diseconomies of scale.

Explanation:

Diseconomies of scale is a point where a business no longer experiences a decrease in cost per unit of output. Rather, after this point cost per unit tend to increase. Typically, diseconomies of scale arise when the increase in production represents an increase in the average unit per cost.

6 0
3 years ago
Which is not an example of a risk management strategy?.
OlgaM077 [116]

Buying a new car is not an example of a risk management strategy.

<h3>What do you mean by risk management strategy?</h3>

A risk management strategy is a systematic and consistent approach to identifying, assessing, and managing risk.

Travel insurance is an example of this. We do not accept the risks of a lost suitcase or an accident abroad, as well as the associated costs; instead, we pay a travel insurance company, so that they bear the financial consequences.

Thus, Buying a new car is not an example of a risk management strategy.

learn more about risk management strategy refer:

brainly.com/question/14455706

#SPJ1

8 0
1 year ago
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