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Novay_Z [31]
3 years ago
10

When Russell turned 21-years-old, his father gave him a management position at the family's hardware store. He explained to Russ

ell that his family had owned and operated this store for five generations, and that someday, he would be able to pass it on to his children. He made Russell promise that he would never sell the company or any of its stock or hire managers from outside the family. This business is a_____
Business
1 answer:
kompoz [17]3 years ago
5 0

Answer: This business is a Private Corporation.

Explanation: As the name implies, a private corporation is an organization that is privately owned. Private corporations are capable of issuing stock and having shareholders, but their shares do not trade on public exchanges.

We can see that the company that is described in the scenario above possesses the attributes mentions in the definition.

The company is private because it has been in the family for five generations, also, the managers in the business are hired from within the family.

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Bingel [31]
The main difference between the salary and hourly calculator is that the salary calculator is paid to an employee on the basis of an annual amount that is known as salary and hourly calculator is based on the hourly payment. This is the basic difference between the salary and hourly calculator. For a salaried employee, the number of hours worked in a month can vary without affecting the total salary fixed. In case of hourly calculated payment, the number of hours worked has a direct impact on the payment received. If the number of hours worked is less then the hourly calculated payment will also be less.
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3 years ago
Hill Corp. began production of a new product. During the first calendar year, 1,000 units of the product were sold for $1,200 pe
Tcecarenko [31]

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$88,000

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(1,000 units × $100 estimated warranty cost per unit) $100,000

Therefore:

($100,000 - $12,000 actual warranty costs incurred during the first year) $88,000

Liability for warranty costs is recognized when the related revenue is recognized. In a situation were the warranty covers a period longer than the period in which the product is sold, the entire liability for the expected warranty costs must be recognized on the day the product is actually sold.

Therefore in the first calendar year a warranty liability of $100,000 (1,000 units × $100 estimated warranty cost per unit) was recognized. Actual payments for warranty costs reduce the amount of warranty liability recognized. Thus, at the end of the first calendar year, the balance of the warranty liability is $88,000 ($100,000 warranty liability initially recognized - $12,000 actual warranty costs incurred during the first year).

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3 years ago
Should the united states drill for oil in alaska's wilderness dbq answers
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Have a good rest of your day guys keep a look out for more! love y'all!
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Answer:AAWWW love you TOOO!

Explanation:

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