Disposition means: a person's inherent qualities of mind and character.
And sentencing means: declare the punishment decided for (an offender
Hope this helps
Answer:
Owners' liability is limited to the amount they invested in the firm. Stockholders are not are responsible for any encumbrances of the firm; in particular, they cannot can be required to pay back any debts incurred by the firm.
Explanation:
<em>The phase is the definition of the term limited liability.</em>
Limited Liability is the salient feature of a corporation. It protects the shareholders and properties in the event of a dissolution. The limited liability feature has given many investors confidence to invest in companies and corporations. The risk of the investor is restricted to the level of his or her investments in the company.
Should the company collapse, shareholder's properties are protected and cannot be used to settle any debts that the assets of the company cannot pay. As such, businesses can raise capital with ease from different categories of investors.
Answer:
Corporation
Explanation:
The corporation is a legal business entity that is separated from its owners with respect to the assets and liabilities.
In this business entity, they have the right to received, owned or even transferred the property who are entered into contracts with the other legal entities or with the individuals
In addition, this business entity is to be sued and sued to the individual or other business entities depending upon which entity or individual it is dealing with in the court.
Answer:
Option (a) is correct.
Explanation:
Given that,
Net income = $112,700
Retained earnings = $108,000
Dividends = $40,000
After all closing entries are made,
The balance in the Retained earnings account is as follows:
= Retained earnings + Net income - Dividends
= $108,000 + $112,700 - $40,000
= $180,700
Hence, the balance in the retained earnings account is $180,700.
Answer:
5.80%
Explanation:
Computation of after-tax return
Based on the information given the total before-tax income will be $3.
Since the firm is in the 30% tax bracket this means that the taxable income will be calculated as:
Taxable income =(0.30 ×$3)
Taxable income = $0.9
The next step is to calculate for the Taxes
The taxes will be = (0.30 ×$0.9) = $0.27
Now let calculate for the After-tax income
After-tax income = ($3 - $0.27) = 2.73
The last step is to find the After-tax rate of return using this formula
After-tax rate of return =After-tax income/Share of preferred stock
Let plug in the formula
After-tax rate of return = ($2.73/$47)
After-tax rate of return=0.058×100
After-tax rate of return = 5.80%
Therefore After-tax rate of return will be 5.80%
