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3 years ago

A corporation is:_________

Business

2 answers:

Pavel [41]3 years ago

7 0

Answer:

The correct answer is letter "B": A business legally separate from its owners.

Explanation:

A Corporation is a defined entity. Corporations are considered to be separate legal entities from their owners according to law. This means companies themselves are legally liable for their acts and debts, not the shareholders. When a company credits debts, the creditors have claims against the corporation's properties, not the owners' assets.

NemiM [27]3 years ago

6 0

Answer: A business legally separate from its owners.

Explanation:

A corporation is an organization which is seen legally as being separate from the owner(s). Legally, a corporation is seen as being on its own and therefore can: obtain loans, be Sue, pay taxes etc.

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Prepare summary journal entries to record the following transactions for a company in its first month of operations.

iragen [17]

Answer: The journal has been attached

Explanation:

The summary journal entries to record the following transactions for a company in its first month of operations has been attached.

Note that the work on process Inventory for (f) was calculated as the direct labor of 40000 multiplied by 125%. This will be:

= 40000 × 125%

= 40000 × 1.25

= 50000

4 0

3 years ago

Consider a two-firm oligopoly facing a market inverse demand curve of P = 100 – 2(q1 + q2), where q1 is the output of Firm 1 and

pickupchik [31]

Answer:

option (2) q1 = 16; q2 = 12

Explanation:

Given:

P = 100 - 2(q1 + q2)

here,

q1 is the output of Firm 1 and q2 is the output of Firm 2

Firm 1's marginal cost = $12

Firm 2's marginal cost = $20

Now,

Profit maximising level of output is attained where the marginal revenue equals the marginal cost

Thus,

for firm 1,

Total revenue, TR = P×Q

TR = (100 - 2q1 - 2q2) × q1

TR = 100q1 - 2(q1)² - 2(q1)(q2)

also,

MR = $\frac{\delta TR}{\delta Q}$

thus,

MR = 100 - 4q1 - 2q2

MC = $12

now

MR = MC

100 - 4q1 - 2q2 = 12

88 = 4q1 + 2q2

q2 = 44 - 2q1 ............... (1)

also,

for firm 2, we have

TR = (100 - 2q1 - 2q2) × q2

TR = 100q2 - 2(q1)(q2) - 2(q2)²

and,

$MR = \frac{\delta TR}{\delta Q}$

MR = 100 - 2q1 - 4q2

and

MC = $20

Now,

MR = MC

100 - 2q1 - 4q2 = 20

80 - 4q2 = 2q1

40 - 2q2 = q1 .....................(2)

Now,

substituting the value of q2 from (1), we get

q1 = 40 - 2(44 - 2q1)

q1 = 40 - 88 + 4q1

3q1 = 48

q1 = 16 units

substituting the value of q1 in equation (1) , we get

q2 = 44 - 2 × 16

q2 = 12 units

Therefore,

The correct answer is option (2) q1 = 16; q2 = 12

4 0

3 years ago

How much of each message conveyance a business owner uses to sell his or her product as well as his or her objective in using ea

Nana76 [90]

Promotional mix is is the message conveyance that a business owner uses to sell his or her product .

<h3>What is promotional mix?</h3>

A promotional mix involves using marketing methods such as advertising, sales, public to achieve marketing goal.

The promotional mix is important to increase sales and to get larger marketing mix.

Learn more about promotional mix at;

brainly.com/question/14037774

4 0

2 years ago

Suppose you buy a put option contract on October gold futures with a strike price of $1200 per ounce. Each contract is for the d

lyudmila [28]

Answer:

Strike price of October gold future = $1,200 per ounce

The exercise price = $1,180

<em />

<em>To calculate the amount that will help the investor to decide about the position</em>

Amount added to margin = (Strike price - Future price) * Delivery if each contract

Amount added to margin = ($1,200 - $1,180) * 100

Amount added to margin = $20 * 100

Amount added to margin = $2,000

Therefore, the amount of $2,000 is received. The investor has short position on future contracts to sell 100 ounces of gold in October.

7 0

3 years ago

A company establishes a petty cash fund for $470. By the end of the month, employees had made the following expenditures from th

Masja [62]

Answer:

A petty cash fund is created by debiting the petty cash account and credited to the cash account

The expenses made is debited to the respective expenses account and then credited to the cash account

Explanation:

petty cash = $470

Expenditures made by employees :

supplies = $139

Fuel for deliveries = $123

postage = $76

Miscellaneous = $40

NOTE : A petty cash fund is created by debiting the petty cash account and credited to the cash account

The expenses made is debited to the respective expenses account and then credited to the cash account

ATTACHED IS THE JOURNAL ENTRY

8 0

3 years ago