What they be aware of before starting this type of business is: they will not incur double taxation.
<h3>What is double taxation?</h3>
Double taxation can be defined as the way in which tax is imposed on a person or a company income twice.
Based on the given scenario they will not incur double taxation for starting an S corporation reason being that S corporations tend to have the same liability and the revenue or gain generated by them is move directly to shareholders.
Inconclusion what they be aware of before starting this type of business is: they will not incur double taxation.
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<u>Answer: </u>The EPA is responsible for setting and enforcing regulation related to the environment.
<u>Explanation:</u>
The acronym for EPA is Environmental Protection Agency. This is an independent agency which protects the environment from potential hazards. EPA sets the regulations in the country that protects the environment.The organisations has to follow the regulations to avoid any consequences.
The agency assess the environment and does research on the environment and impact on it. The national environmental standards are maintained by the agency. The agency is entitled to give sanctions and collect fines in the country.
Answer:
True
Explanation:
The purpose of any business is to make profit, which is from the difference between revenues (price of product multiplied number of product sold) with the cost of goods sold (average total cost multiplied number of product sold).
In short, the profit = (price - average total cost) x number of product sold.
Normally the price must be above/ higher than cost, so that the firm can have profit. Sometime the price in the market go down, so the firm have have to adjust down its price also to maintain customer's purchases.
Once its price is down, but the firm's average total cost is still same as previous, the firm can not have profit as previously. The firm may bear this situation as long as its capital capacity allowed, but will not be too long.
Answer:
D. The futures price is above the expected future spot price
Explanation:
Contango is the phenomenon in which the future prices of a commodity are higher than the current or future spot prices. This situation occurs when the commodity's price is expected to rise over time, which results in an upward sloping forward curve.
Therefore, the answer that fits the description is alternative D.
Answer:
the manager risks legal enquiry for unjust dismissal of other employees for lateness as well.
Explanation:
Irrespective of an employee's performance, good or bad, a manager has to company policy regarding any misdemeanour should be meted out as at when due. This will ensure and give other employees the sense of responsibility to assume and resume as at when due and that no one in the organization is above the law.
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