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ryzh [129]
3 years ago
8

Incorporators are required to sign the charter, deliver it to the proper state officials, and purchase a certain percentage of t

he initial stock offering. True/False
Business
1 answer:
alex41 [277]3 years ago
8 0

The statement " Incorporators are required to sign the charter, deliver it to the proper state officials, and purchase a certain percentage of the initial stock offering " is FALSE.

Explanation:

Incorporation of a business means making a company officially known by the company's sole property or general partner. If a company forms, it becomes a legal structure separating the individuals who founded the company.

Even though a company does not have a office there, the company must always have a registered agent within the state of incorporation.

Incorporation provides shareholders with immunity from personal liability for the company's debts.

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Which of these changes are planned and based on situations that are expected to arise?
babunello [35]
<span>..(B).. Exponential..</span>
5 0
3 years ago
An investment will increase in value by 250% over the next 25 years. What is the annual interest rate which, when compounded qua
Olenka [21]

The annual interest rate will be 5.04% if the compounded quarterly provides this return.

<h3>What is annual interest rate?</h3>

The annual interest rate means the rate paid on investments without accounting for the compounding of interest within that year.

Let assume that PV = $100

Future Value = $100*(1+2.5)

Future Value = $100*3.5

Future Value = $350

Periods = Years*frequency

Periods =25 *4

Periods = 100

Quarterly Rate = (FV/PV)^(1/Periods)-1

Quarterly Rate = (350/100)^(1/100) - 1

Quarterly Rate = 1.01260642915 - 1

Quarterly Rate = 0.01260642915

Annual rate = Quarterly rate * Frequency

Annual rate = 0.01260642915 * 4

Annual rate = 0.0504257166

Annual rate = 5.04

in conclusion, the annual interest rate will be 5.04% if the compounded quarterly provides this return.

Read more about annual interest rate

<em>brainly.com/question/15728540</em>

4 0
2 years ago
On June 20 of the prior year, a company determined that a customer's account receivable was uncollectible and that the account s
fomenos

Answer:

B. No effect on net income; no effect on total assets

Explanation:

When you write off bad debt, the journal entry is:

Dr Allowance for doubtful accounts XYZ

    Cr Accounts receivable XYZ

This actually had no effect on the income statement, since the allowance account is already a contra asset account.

When the write off is reversed because the customer paid the debt, the journal entry is:

Dr Accounts receivable XYZ

    Cr Allowance for doubtful accounts XYZ

Dr Cash XYZ

    Cr Accounts receivable XYZ

Again, since the company is using the allowance method, there is no real effect on the income statement nor total assets in the balance sheet.

5 0
3 years ago
Roberta santos, age 41, is single and lives at 120 sanborne avenue, springfield, il 60781. Her social security number is 123-45-
viktelen [127]

The divorce decree provides that roberta is to pay state income tax.

<h3>What is state income tax?</h3>

In addition to the federal income tax collected by the United States, the majority of individual states in the United States collect a state income tax. Some municipal governments also levy an income tax, which is frequently based on state income tax calculations. Individual income taxes are levied in 42 states and many localities around the United States.

The federal government collects federal income taxes, whereas individual states collect state income taxes where a taxpayer lives and generates income.

A state income tax is a direct tax imposed by a state on income produced within or outside of the jurisdiction. It may mean all of your money earned anywhere in your state of residence. Like federal tax, state income tax is self-assessed, which means taxpayers file required state tax returns

To know more about state income tax follow the link:

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5 0
1 year ago
In the context of managing innovation, _____ are formal project review points used to assess progress and performance. A. protot
SIZIF [17.4K]

Answer: Option 'B' is correct.

Explanation:

<u>Milestones</u> are formal project review point used to assess progress and performance.

As Milestones is a way to increase the productivity as well as the profitability of the company.

Milestones are observable and measurable  and act as progress flags.

Milestones has zero duration, so, it is independent of time.

So, No work is associated with it.

Hence, Option 'B' is correct.

3 0
2 years ago
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