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lozanna [386]
3 years ago
5

Carol and her friends are creating a new company that ships monthly subscription boxes filled with beauty products to customers.

Carol has multiple partners and she wants to avoid both double taxation and personal liability at the same time. In addition, she wants to pay the partners based on their company ownership percentage. Carol can accomplish her goals by forming what type of business entity?
- An S corporation.- A partnership.- A C corporation.
Business
1 answer:
aliina [53]3 years ago
6 0

Answer:

An S corporation.

Explanation:

The S corporation was formed by Congress, for use by small business owners, offering the best characteristics of both a C corporation and a partnership.

It has become the most popular business entity type in recent years. Numerous studies indicate lower overall taxes are paid when an S corporation is utilized.

Common Characteristics of S and C Corps:

-Same liability protection

-Separate legal entities

-The owners are shareholders

-Long standing case law

-Easy transfer of ownership

-Broader range of deductible expenses

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When an analyst is looking at a company for the first time, which of the following four activities does he do first?
TEA [102]

Answer:

a) defines the industries in which the company operates

Explanation:

In the case when the analyst begins to analyze the company so the first thing he see the industry how it operates whether it is understanble or not after that the growth should be potential or not

So here the option a is correct as it describe the industries in which the company would operates

So the same is to be considered for the first time

5 0
3 years ago
Use the following information to answer the question about BobCat Co. at the end of 2017:
Tom [10]

Answer:

c.  $34,575

Explanation:

Data provided in the question

Accounts receivable = $44,890

Accounts payable = $6,405

Cash = $16,070

Common stock = $42,500

Long-term notes payable  = $20,600

Merchandise inventory =  $28,475

Salary Payable = $28,170

Retained earnings = $50,465

Prepaid insurance = $2,365

So, The computation of the current liabilities are as follows

= Accounts payable + salary payable

= $6,405 + $28,170

= $34,575

Therefore, the current liabilities only includes the account payable and the salary payable.

5 0
3 years ago
____ focuses on specifying what the new system will look like and how it will work.
frosja888 [35]

The answer in the space provided is system design. It is because a system design is a way of providing a definition of a specific interface or data that is laid out in means of having to gain satisfactory with the requirements being given or laid out.

4 0
3 years ago
Crane Company has the following sales data: August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000
umka21 [38]

Answer:

<em>Collections for September is $ 57,100</em>

Explanation:

Computation of cash receipts for September

Collections from cash sales of September                                       $   5,000

Collections from credit sales of August - 57 % of $ 50,000           $  28,500

Collections from credit sales of September 40 % of $ 59,001       <u>$  23,600 </u>  

Total collections for September                                                        $  57,100

5 0
3 years ago
Nash Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1
Gennadij [26K]

Answer:

weighted average interest rate 10.61 %

Explanation:

construction capitalized interest  

 

mar-01  1,848,000.00 x 10/12  1,540,000.00

jun-01  1,248,000.00 x 7/12     728,000.00

dic-31  30,198,800.00 x 0     <u>       -              </u>

capitalization                     2,268,000.00

 

especific borrowings  

$1,038,290 note at 13% = 134977.7

capitalziation through non-specifit borrowings

2,268,000 - 1,038,290 =  1,229,710.00  

 

average rate  

loan                 rate     interest

2,241,900 10%      224,190

3,500,300 11%      385,033

5,742,200 609,223

average rate: 609,223/5,742,200 = 0.106095747

 

capitalized from non-specific:

1,229,710 x 10.61% =   130,467.00  

 

total interest capitalized =

134,977.7 + 130,467 =   265,444.70  

5 0
3 years ago
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