1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mojhsa [17]
3 years ago
5

Integrated Devices, Inc., is a private, for-profit corporation that is owned by seven shareholders who are members of the same f

amily. Integrated is a. an S corporation. b. a close corporation. c. a public corporation and a private corporation. d. a benefit corporation.
Business
1 answer:
atroni [7]3 years ago
7 0

Answer:

b. a close corporation

Explanation:

A closed corporation refers to a company in which shares are held by select few individuals who usually are closely linked with business. Such form of a company is also referred to as family corporation.

In these form of corporations, the investments from outsiders are closed i.e from general public and thus referred to as a close corporation. Shareholding belong to owners or family members in most of the cases.

Such firms are not listed on stock exchanges and hence do not permit general public to subscribe to their shares. Wherein, any one of the shareholders desires to liquidate his share, the other members buy out such share.

In the given case, Integrated Devices Inc., a private, for profit company is wholly owned by members of the same family. Thus, it represents a close corporation.

You might be interested in
Assume again that the cost of capital is 7 percent and the effective tax rate is 40 percent. How would the payback, internal rat
vfiekz [6]

Answer:

If the effective tax rate increases then the net savings coming from investments will get lowered as a result the investment will have higher payback period (The increase in effective tax rate would lower demand of the product which means there is decline in net saving arising from the sale of the product). Likewise this decrease in annual net savings will also decrease the internal rate of return which shows that their are increased chances of project rejections. The NPV method is based on cash flows and relevant costing just like IRR and payback method but the only difference is that it assumes that the cash earned would be reinvested at cost of capital. The NPV will also decrease due to increased effective tax rate.

4 0
3 years ago
Chad competes in multiple ironman triathlons every year and trains outdoors daily. chad's been getting sunburned on his long bik
ch4aika [34]
The correct answer is "compliance influence".

 Compliance Influence refers to the influence of other individuals to follow their requests, which has been made by one's peer or other people. In this given situation, it is not about behavior or attitude, yet it is about asking for feedbacks for him to consider some changes in his routine.
5 0
3 years ago
There is no important area of human activity than management since its task is that of getting things done through people". Disc
AysviL [449]

Answer:

Yes, it is very much true that management is one of the important human activity and it takes getting work done through other people. We can define management as working with and though other people to get the work done in an effective and efficient way. Working with other people is not that much easy as it looks because every person has its own goals and objective so an effective manager has to keep people motivated for the organizational vision, goals and objectives. Management involves planing, organizing, leading and controlling, where in the first step we have to actually draft a plan where we need to go and where we have to reach. In the next step, manager assigns work to different people that who will be doing what and then manager leads them and keep them motivated all the times. Last step involves keeping track of the progress that whether we are moving in the right direction or not. Therefore, management is very important human activity because we have deal with different people in it.

8 0
3 years ago
Compute the Cost of Goods Manufactured and Cost of Goods Sold for Strike Marine Company for the most recent year using the amoun
Alecsey [184]

Answer:

Instructions are below.

Explanation:

<u>First, we need to calculate the direct material used and the manufacturing overhead:</u>

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 22,000 + 74,000 - 34,000

Direct material used= $62,000

Manufacturing overhead:

Insurance on plant $9,500

Depreciation-plant building and equipment 12,600

Repairs and maintenance-plant 3,900

Indirect labor 42,000

Total overhead= $68,000

<u>Now, we can determine the cost of goods manufactured:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 41,000 + 62,000 + 88,000 + 68,000 - 27,000

cost of goods manufactured= 232,000

<u>Finally, the cost of goods sold:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 13,000 + 232,000 - 21,000

COGS= $224,000

3 0
3 years ago
Bear Tracks, Inc., has current assets of $2,310, net fixed assets of $10,700, current liabilities of $1,420, and long-term debt
laiz [17]

Answer:

The more you sell the more you will earn :)

Explanation:

3 0
3 years ago
Other questions:
  • The primary goal of the federal reserve system is to
    14·2 answers
  • This approach to calculating GDP is based on adding up consumer spending, investment, government spending, and exports - imports
    7·1 answer
  • Suppose that you found out that many of the sales people in your stores around the country are offering poor customer service. H
    11·1 answer
  • A product modification differs from a line extension in that _______. a. the original product does not remain in the line b. it
    8·1 answer
  • Wilson is currently producing a component for one of its products. Wilson has received an offer to buy the component from an out
    11·1 answer
  • The difference between a secured loan and unsecured loan is that the secured loan is
    8·2 answers
  • As a business owner you decide to hire a new employee named Maria. You decided to pay Maria $15.00 an hour for her work. At the
    13·1 answer
  • 2. How does feature-benefit selling create selling points?
    13·1 answer
  • How do Basketball Players brand their "name" and market themselves in TV Commercials ?
    6·1 answer
  • What measures can Nando’s use to assess environmental turbulence within the macro-environment?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!