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konstantin123 [22]
3 years ago
7

The filing document, which requires the company to state: (1) the name of the proposed corporation, (2) types of activities the

company will be involved in, (3) amount of capital stock, (4) number of directors, and (5) names and addresses of the directors, is called the corporate
Business
1 answer:
Alex17521 [72]3 years ago
8 0

Answer: Corporate Charter

Explanation:

The Corporate Charter is a very important document that a company must fill when incorporating a business.

Even though the details vary per company based on the type of company it is as well as its size, generally the following have to be included;

  • the name of the proposed corporation,
  • types of activities the company will be involved in,
  • amount of capital stock,
  • number of directors, and
  • names and addresses of the directors, is called the corporate
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Selected sales and operating data for three divisions of different structural engineering firms aregiven as follows: Division A
FinnZ [79.3K]

Answer and Explanation:

The computation is shown below:

A.

Return on investment = Margin × Turnover

Now

= (Net operating income ÷Sales) × (Sales ÷ Average operating assets)

Division A = ($414,000 ÷ $6,900,000) × ($6,900,000 ÷ $1,725,000)

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Division B = ($1,090,000 ÷ $10,900,000) × ($10,900,000 ÷ $5,450,000)

= 10% × 2

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Division C = ($325,000 ÷ $10,000,000) × ($10,000,000 ÷ $2,500,000)

= 3.25 × 4

= 13.00%

B.  

Residual Income = Net operating income - (Minimum required rate of return × Average operating assets)

Division A = $414,000 - (19% × $1,725,000)

= $414,000 - $327,750

= $86,250

Division B = $1,090,000 - (20% × $5,450,000)

= $1,090,000 - $1,090,000

= $0

Division C = $325,000 - (16% × $2,500,000)

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On August 1, 2018, Kira purchased 100 shares of ITC stock for $5,000. There were no subsequent adjustments to her basis. On Augu
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Answer:

b. Short-term loss of $700 and a long-term gain of $900.

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