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Mars2501 [29]
3 years ago
15

Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company

(LLC), and limited liability partnership (LLP).Different forms of businesses have different characteristics. Which of the following characteristics would apply to a corporation?
Owned by single individual
Owners have limited liability
Exempt from double taxation
Easier to transfer ownership in the form of stock
Chartered by a state and is its own legal entity separate and distinct from its owners and managers
Has unlimited life
Business
1 answer:
Charra [1.4K]3 years ago
6 0

Answer:

Owners have limited liability.

Explanation:

A corporation is an entity , established by shareholders or individuals with the aim of making profit. It is a legal entity hence can enter into a contract, can also sue and be sued.

The legal process involved in the establishment of corporation is called incorporation. It contains the main reason why the corporation is in business, name and office address, types and number of shares to be issued.

Because the business is incorporated and also a legal entity, it means that the owners are protected personally should their be any litigation against the corporation. Moreover, the liability of the owners are limited to the investment in the corporation.

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lions [1.4K]

Hi, you've asked an incomplete question. However, I provided some explanations on distribution channels.

<u>Explanation:</u>

Interestingly, the term distribution channel is one often used in businesses today to refer to the various routes or intermediaries their goods or services passes through before it gets to the end-user or buyer.

Today the popular distribution channels among businesses include:

  • retailers,
  • wholesalers,
  • distributors,
  • the Internet.

Among the various options, the internet has been attributed by some big businesses to be most instrumental in their distribution process.

6 0
3 years ago
Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how much money would you owe in taxes a
AleksandrR [38]
$7165.25 hope this help =]
3 0
3 years ago
Read 2 more answers
Problem 5-30 Graphing; Incremental Analysis; Operating Leverage [LO5-2, LO5-4, LO5-5, LO5-6, LO5-8][The following information ap
WARRIOR [948]

Answer:

Break Even Point

In Units = 2,000 units

In value = $80,000

Explanation:

Break even Point = \frac{Fixed\ Cost}{Contribution}

When we use contribution per unit, we get the break even point in units sales.

When we use the contribution margin as a percentage of sales we get break even sales in value.

Contribution per unit = $20

Contribution margin in percentage = $20/$40 = 50%

Therefore, Break even Point in units = \frac{40,000}{20} = 2,000

Break even units = 2,000

Break Even Point in value = \frac{40,000}{0.50} = 80,000

Sales to be made in value at break even = $80,000

8 0
4 years ago
An upcoming convention has secured 300 rooms at $140 per room for Friday night. The rack rate for Friday night is $250 per room
m_a_m_a [10]

Answer:

$67,000

Explanation:

The total revenue will be income from the 300 rooms and that from 100 rooms

=(300 x $140) + ($100 x 250)

=$42,000 +$25,000

=$67,000

6 0
3 years ago
Jim had a car accident in 2019 in which his car was completely destroyed. At the time of the accident, the car had an adjusted b
arlik [135]

Answer:

the deductible loss on the car is $12,000

Explanation:

The computation of the Jim deductible loss on the car is shown below:

Given that

Car value = $40,000

Insurance recovery = 70%

Now the deductible loss is

= Car value - (car value × insurance recovery)

= $40,000 - ($40,000 × 70%)

= $40,000 - $28,000

= $12,000

hence, the deductible loss on the car is $12,000

5 0
3 years ago
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