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Alchen [17]
3 years ago
5

When incorporating, a business

Business
1 answer:
DedPeter [7]3 years ago
5 0

Answer:

May incorporate in any state it chooses.

Explanation:

Incorporation can be defined as the creation of a new business which will have equal rights as that of an individual.

The different steps for incorporation include:

- Proper documentation of the reports of incorporation.

- Choosing a suitable name for the business.

- Documenting the various operational agreements.

- Appointing managers to supervise the daily activities.

- Getting a federal employment identification number.

- Opening accounts for keeping the revenues that will be generated by the company.

- Employing diffetents workers to carry out various activities in the company.

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What is the best advice for you to follow when writing a persuasive claim message?
svet-max [94.6K]
It must be debatable. Hope this helps
3 0
3 years ago
Mackenzie's dream is to open a chain of salons. She hopes to attract investors to help finance growth. Having once considered fo
CaHeK987 [17]

Answer: <em>Limited Liability Company</em>

Explanation:

Limited liability company also known as LLC is referred to as the United States specific type of private limited organization. It is referred to as a business structure or component that tends to combine or mix pass-through taxation for a sole proprietorship or a partnership with the tendency of a limited liability of an organization. A LLC is not an organization under the state law, it is referred to as a legal type of an organization that tends to provide a limited liability to the owners in several jurisdictions.

5 0
3 years ago
A student wants to buy a smartphone so she can share pictures with her friends. An insurance claims adjuster wants to buy a smar
gayaneshka [121]

Answer:

Option A (Both the adjuster and the student we potential customers because in their own way, they both benefit from the product).

Explanation:

Both the adjuster and the student were potential customers as they were both buying the smartphone for either personal or official use. The adjuster sees the smartphone as a product or tool that could be used to make work efficient. The student sees the product as a luxury. Either way, they are buying the smartphone and as such, they are very important to the producers of the smartphone because the product is useful to both of them.

5 0
3 years ago
Our company can produce a product that incurs the following costs per unit: direct materials, $10; direct labor, $24, and overhe
kvasek [131]

Answer:

net incremental cost = $ 2.2

Explanation:

Data provided:

Direct material cost = $ 10  per unit

Direct labor cost = $ 24  per unit

Overhead cost = $ 16 per unit

thus,

the total cost of the product = $ 10 + $ 24 + $ 16 = $ 50

Now,

if bought from outside cost = $ 45

Overhead cost if bought from outside = 45% of the overhead cost

= 0.45 × $ 16 = $ 7.2

hence, the total cost if bought from outside = $ 45 + $ 7.2 = $ 52.2

since, the cost of product if bought from outside side is greater than the product is produced by own

therefore, the net incremental cost = $ 52.2 - $ 50 = $ 2.2

3 0
3 years ago
Which of the following economic concepts BEST explains why grape tomatoes cost more than the other tomatoes in this produce depa
melisa1 [442]

A tomatoes cost more than the other tomatoes in this produce department because the cost of production is higher.

<h3>Why will product cost more?</h3>

A product can cost more when the demand for the product is high thus increasing the price of the product.

A product can cost more if the cost of production is higher than any other products.

Therefore, tomatoes cost more than the other tomatoes in this produce department because the cost of production is higher.

Learn more on demand here,

brainly.com/question/1288364

#SPJ1

6 0
2 years ago
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