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natulia [17]
3 years ago
14

Ray is starting a new business with a friend and trying to decide between a C corporation, S corporation, and partnership. What

statements regarding his decision is correct?
Business
1 answer:
Kay [80]3 years ago
5 0

Answer:

The correct answer is letter "B": A partner in a partnership is taxed on his or her share of partnership income.

Explanation:

Partnerships are organizations where two or more individuals operate a business. The partners are fully liable for the transactions of the company which implies their personal assets can be considered as collateral if the company falls into debt. When it comes to taxes, the partners must file them according to the <em>percentage contribution to the partnership</em>.

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Coronado Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures w
lubasha [3.4K]

Answer:

Coronado Industries

The weighted-average accumulated expenditures are:

= $8,388,333.

Explanation:

a) Data and Calculations:

Amount borrowed on June 1 = $3,170,000

Interest rate = 13%

Outstanding 11% 3-year note payable = $6,350,000

Outstanding 12% 4-year note payable = $12,350,000

Date               Expenditure      Weight     Weighted-Average

                                                                       Expenditure

March 1          $6,370,000         10/12                $5,308,333

June 1            $5,280,000          7/12                  3,080,000

December 31 $8,650,000         0/12                    0

Weighted-average accumulated expenditure $8,388,333

7 0
2 years ago
Harrison Corp. wants to raise its level of service to enhance customer experience. The board of directors sent out an email cont
romanna [79]

Answer:

Downward communication

Explanation:

Downward communication in a formal structure is the flow of information in terms of orders, appreciation, encouragement from higher authority to subordinates across the organization.

Upward communication in the form of feedback and problems flow from lower level employees to upper level. Here, the board of directors are top level employees who have passed the message to the employees to raise the level of service. This is a form of downward communication.

4 0
3 years ago
During an interview, Garrett makes sure to keep his palms facing upward. What does this suggest to the interviewer?
kodGreya [7K]
I think its A. That he is Honest
5 0
2 years ago
Read 2 more answers
By following the strategic planning process, HR teams and stakeholders have a higher likelihood of success in addressing a busin
Semmy [17]

Answer:

True

Explanation:

Strategic planning process is what help identify the objectives of a business and then develop plan to achieving those objectives. It gives direction to management decision while addressing business challenges.

The aim of strategic planning process is to prevent a company from carrying out task without directions because when those controlling business or its owners do not have clear vision, wrong decision may be made hence create problems for the employee regarding their stand in the company.

Strategic planning process includes identifying strategic position, gather information, conduct SWOT analysis, create a strategic plan, execute the strategic plan etc.

8 0
2 years ago
A flood damages a home that is in a community in early stages of participation in NFIP, but are not yet considered a participati
stepladder [879]

Answer:

$10,000

Explanation:

The National Flood Insurance Program (NFIP) allows property owners to buy insurance that protects them from damage caused by floods. But the NFIP is available only in participating communities.

In this case, the owner will receive up to $10,000 because it is covered under the Emergency Plan.

7 0
2 years ago
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