1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nikolay [14]
3 years ago
12

The net income of Steinbach & Sons, a landscaping company, decreased sharply during 2016. Mort Steinbach, owner and manager

of the company, anticipates the need for a bank loan in 2017. Late in 2016 Steinback instructs the company's accountant to record $20,000 service revenue for landscape services for the Steinbach family, even though the services will not performed until January 2017. Steinbach also tells the accountant not to make the following December 31, 2016 adjusting entries:
Business
1 answer:
dexar [7]3 years ago
5 0
Please be specific seems like too long
You might be interested in
A company uses proprietary computer software to offer services that other companies have not been able to emulate. These service
matrenka [14]

Answer:

C. Distinctive competence

Explanation:

Distinctive competence -

It refers to the complete skill and practice , which enables to give rise to a very tough competition to the rest of the organisations , and thereby makes the particular organisation to stand out from crowd , is referred to as the distinctive competence .

The distinctive competence of a particular company or firm act as a weapon or a protective agent during their tough time .

Hence , from the given scenario of the question ,

The correct answer is C. Distinctive competence .

8 0
3 years ago
Grace Owen formed a corporation with three of her friends for purposes of operating a catering company. Grace used her own check
andrezito [222]

Answer:

Grace is incorrect because of the veil and alter ego theory

Explanation:

In this scenario Grace formed a corporation along with her three friends. As a result of catering services offered guest became ill and sued Grace and the other owners for damages.

According to the alter egos theory personal liability can be invoked on the owners of a corporation or its limited liability members.

Alter ego theory is used to penetrate the corporate veil that protects shareholders. Personal liability can be assigned on the business owner as it is in this case against Grace and the other owners.

7 0
3 years ago
CalcuCo hired Effner & Associates to design a new computer-aided manufacturing facility. The new facility was designed to pr
andriy [413]

Answer:

$953 per unit

Explanation:

For computing the average cost per unit first we have to determine the operating capacity at 85% after that the total cost which is shown below:

Operating capacity at 85% is

= 300 computers × 85%

= 255 computers

Now the total cost is

= Variable cost + Fixed cost

where,

Variable cost is

= $660 × 255 computers

= $168,300

And, the fixed cost is $74,700

So, the total cost is

= $168,300 + $74,700

= $243,000

Now the average cost per unit is

= $243,000 ÷ 255 computers

= $953 per unit

6 0
3 years ago
Sandra waterman purchased a 52-week, $1,000 t-bill issued by the u.s. treasury. the purchase price was $996. (a) what is the amo
Darina [25.2K]
(a) Discount amount = Face value - Price of t-bills = $1,000-$996 = $4

(b) Amount received at maturity = Face value = $1,000 (Note: T-bills are guaranteed and thus one of the safest investment).

(c) Current yield, R = Discount amount/Face value * 360/t, where t = 52 weeks = 360 days.

Then,

R = (4/1000)*(360/360)*100 = 0.4%
6 0
3 years ago
Incorporators are required to sign the charter, deliver it to the proper state officials, and purchase a certain percentage of t
alex41 [277]

The statement " Incorporators are required to sign the charter, deliver it to the proper state officials, and purchase a certain percentage of the initial stock offering " is FALSE.

Explanation:

Incorporation of a business means making a company officially known by the company's sole property or general partner. If a company forms, it becomes a legal structure separating the individuals who founded the company.

Even though a company does not have a office there, the company must always have a registered agent within the state of incorporation.

Incorporation provides shareholders with immunity from personal liability for the company's debts.

8 0
3 years ago
Other questions:
  • Entrepreneurship is: A. managing businesses for others.B. a controlling interest in the ownership of a corporation.C. managing b
    14·1 answer
  • Mike Tyson earned about $200 million over his 15-year boxing career, but by 2003 he was in financial trouble. This is an example
    7·1 answer
  • On a pay stub what is the difference between “net pay” and YTD net <br> pay
    13·2 answers
  • A 13-year bond of a firm in severe financial distress has a coupon rate of 10% and sells for $930. The firm is currently renegot
    5·1 answer
  • Pizza hut has restaurants in India where Joiners make up the majority of the online population. To match their marketing efforts
    13·1 answer
  • A member firm receives a large block order to buy 100,000 shares of XYZ stock, which is not actively traded. Which customer(s) o
    11·1 answer
  • The Heckscher-Ohlin model assumes that there are two countries, each of which produces two goods (say manufactures and agricultu
    9·1 answer
  • When sales exceed production and the company uses the LIFO inventory flow assumption, the net operating income reported under va
    12·1 answer
  • . Suppose disposable income increases more in South Africa than it does in the United States. What is the short-run impact of th
    15·1 answer
  • What constant-growth rate in dividends is expected for a stock valued at $32.40 if next year's dividend is forecast at $2.20 and
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!