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True [87]
3 years ago
13

Identify which of the following statements are true for the corporate form of organization. 1. Ownership rights cannot be easily

transferred.2. Owners have unlimited liability for corporate debts.3. Capital is more easily accumulated than with most other forms of organization.4. Corporate income that is distributed to shareholders is usually taxed twice.5. It is a separate legal entity.6. It has a limited life.7. Owners are not agents of the corporation.
Business
2 answers:
Nat2105 [25]3 years ago
6 0

Answer:

1.Owners are not agents of the corporation- True Managers and directors are the agents of the owners of the corporation. What owners do is not always on behalf of the corporation.

2. It is a separate legal entity.- True Corporate enjoy separate existence. Their assets and liabilities are different from that of their owners.

3. It has a limited life.- False Corporations have unlimite life. They continue to function even after the death of their owners.

4. Capital is more easily accumulated than with most other forms of organization.- True If a corporation needs capital, it cal raise money by issuing shares in the open market. People invest if the prospects are good and the company can gather more funds whenever required. It is also easier for a corporation to acquire loans.

5. Corporate income that is distributed to shareholders is usually taxed twice- True First the Income of the company is taxed which in a way..

Elza [17]3 years ago
6 0

Answer:

These are true:

3.Capital is more easily accumulated than with most other forms of organization.

4. Corporate income that is distributed to shareholders is usually taxed twice.

5. It is a separate legal entity.

7. Owners are not agents of the corporation.

Explanation:

A corporation is a legal business that can exchange ownership of a company or ownership of stock through shares. Thus corporation simply means a group of people who come together to form a legal business entity for the purpose of pursing a goal of generating the highest income or net returns for the shareholders. A corporation whether privately or publicly owned has investors and operates in the best interest of the investors. It also has managers and directors serving as agents of the organization.

There are advantages and disadvantages of corporate form of organization. First of all a corporate organization's ownership is easily transferable form one person to another providing easy  liquidity to stockholders which enables them to easily enter or exit the corporation.

Secondly, the existence or life of a corporate organization is perpetual and unlimited. It exists even after the owners resign or die. It  does not cease to exist except in the event that a corporation is acquired or merged with another then it ceases to exist or a corporation may may fail and cease operations.  Another advantage of a corporate organization is that it has limited liability for stockholders if the business fails but the stockholders are not liable for the debts and losses of the organization beyond the amount they invested.

Corporate organizations also have disadvantages. These organizations are taxable entities and the corporate income is taxed twice. Thereby sharing part or larger sum of its income to with government institutions. Also corporate organizations have the problem of excessive tax fillings which requires a lot of paper work depending on the type of income and taxes to be paid.

 

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In October​ 1, 2019,​ Westfield, Inc. sold machinery to a customer for $ 25 comma 000. The customer could not pay at the time of
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Answer:

Interest revenue for the year 2019 = $688

Explanation:

Total cost of asset = $25,000

Interest Revenue to be earned = 11% for 12 months

Total interest revenue = $25,000 X 11% = $2750

In the year 2011 the asset is sold on 1 October therefore interest revenue for the year 2011 will be from 1 October to 31 December = 3 months = $2,750 X \frac{3}{12} = $687.50

Interest revenue for the year 2019 = $688

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which of the following is true of a sole proprietorship? a business operated under sole proprietorship cannot be transferred. b)
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The statement that is true of a sole proprietorship is that a) a business operated under a sole proprietorship cannot be transferred.

A proprietorship can legally have the handiest one, proprietor. This is due to the fact the commercial enterprise serves as a part of the enterprise proprietor's private identification and vice versa. If a proprietor wants to expand their business and take delivery of new companions and traders, they would restructure the employer and contain it.

Any individual who wants to start a commercial enterprise with less investment can choose this sort of commercial enterprise form. It is able to be started in a time span of 10-15 days. Additionally, the control within the business is solely for your arms.

The proprietorship has been described because the only enterprise form underneath which you'll be able to perform a commercial enterprise. It isn't a legal entity and definitely refers to a person who owns the commercial enterprise, individually responsible for its debt.

Learn more about proprietorship here brainly.com/question/12913114

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Tracey Sales Co. has predicted the following costs for this year for 500,000 units: Manufacturing Selling and Administrative Var
Greeley [361]

Answer: 218.75%

Explanation:

In order to breakeven, the variable manufacturing cost would have to be the same as the fixed costs in addition to the administrative costs.

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Variable cost needs to be $1,750,000

It is currently at $800,000 so it needs to increase by:

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