Corporation often sells shares periodically. The type of corporation sells millions of shares and must furnish complete information about its earnings, assets, and debts is known as Public Corporation.
- The Public corporation is known to usually sells millions of shares of stock to many stockholders.
This is known to be a type of corporation make its financial information known to the general public and can be called an open corporation.
A public corporation is known as a corporation that is often owned and run by a government, set up for the administration of some specific public programs.
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Answer:
Cash receipt:
Particulars Amount
................................................................
Sales = $1,500
Sales tax @4.00 % = $60
................................................................
Total = $1,560
.................................................................
Explanation:
Data :
Merchandise cost in the sales slip = $1,500
sales tax rate for the merchandise = 4%
Now,
the cash receipt data will include the merchandise cost, the amount of tax and the total amount after including the tax
Thus,
The amount of tax on the merchandise = sales tax rate × Merchandise cost
or
The amount of tax on the merchandise = 0.04 × $1,500 = $60
Hence,
the total cost = cost of merchandise + the sales tax = $1,500 + $60 = $1,560
Cash receipt:
Particulars Amount
................................................................
Sales = $1,500
Sales tax @4.00 % = $60
................................................................
Total = $1,560
.................................................................
Answer:
$ 464,120
Explanation:
Data provided :
Estimated total fixed manufacturing overhead = $ 492,000
Estimated machine hours = 30,000 hours
Actual total fixed manufacturing overhead = $ 517,000
Actual total machine-hours during the period = 28,300 hours
Estimated overhead Rate is given as:
= ( Estimated Fixed Manufacturing Overhead) / (Estimated Machine Hours )
or
Estimated overhead Rate = $ 492,000 / 30,000 hours = $ 16.4 / hr
Now,
the total amount of overhead = overhead Rate × Actual total machine-hours
or
the total amount of overhead = $ 16.4 / hr × 28,300 hours = $ 464,120
Answer and explanation:
Several characteristics could allow the Board of Directors to lead corporate governance effectively but the most important are <em>making good decisions for the overall company, determination to impose the firm's objectives and having others set their mind to them, </em>and <em>dedication to be part of the organization's work towards reaching those goals.</em>
Answer: B) it is difficult to ascertain across what project activities contingency funds should be applied.
Explanation:
Contingency funds are needed to make sure that a company remains stable by being able to use these funds to take care of emergency needs as opposed to getting loans at short notice.
Contingency funds however have the disadvantage of being difficult to apply because it is difficult to ascertain across what project activities contingency funds should be applied.
If a project is going awry, determining exactly which part to apply the contingency funds has always been a hassle because knowing exactly where to apply the funds to, to get the project stable is not an easy task abd one could end up applying it to the song part therefore bringing doom to the project.
