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polet [3.4K]
3 years ago
11

You decide to incorporate your bracelet business and get your mother and brother involved in the corporation. Your executive com

mittee is made up of you as the president, your mother as the secretary, and your brother as the treasurer. The three of you are the key officers of the corporation, with you as the CEO, your mother as the head of HR, and your brother as the CFO. The Brady Business Friendship Bracelet (BBFB), Inc., conglomerate is ridiculously successful, earning the three key executives over $100,000 each in salary and bonuses. Before you begin operating, the BBFB decides to become an S Corp designation and to remain a closely held corporation. The corporation is sued in the state where it is incorporated. Every member of the board of directors is liable personally for the lawsuit.
True
False
Business
1 answer:
Alex_Xolod [135]3 years ago
5 0

False. Not every member of the board of directors is liable personally for the lawsuit. The business owner is the one who is held responsible and liable personally for the lawsuit. Though, the lawsuit typically hurts everyone involved depending on the depth of it because it could lead to company shut down which could cause many people to lose their lives.

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Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive
Agata [3.3K]

Answer:

True

Explanation:

This is a negative effect of energy subsidizes. Usually governments decide to subsidize energy consumption as a way of helping low income consumers and businesses. But at the end that doesn't happen and the results are quite the opposite. Most of the subsidies are taken by higher income families, e.g. big luxury homes use a lot of electricity. Subsidies end up reinforcing inequalities and the lower income families usually pay a higher percentage of the cost of having them.

8 0
3 years ago
EA3.
soldier1979 [14.2K]

Answer:

Internal users of accounting information- Management

Employees

External users of accounting information- Investors

Creditors

Customers

Tax authorities

Explanation:

Internal users of accounting information are individuals within an organisation who make use of accounting information.

External users of accounting information are individuals outside an organisation that make use of accounting information. They are the people not employed by the organisation that make use of accounting information.

I hope my answer helps you

4 0
3 years ago
One-year Treasury securities yield 4.15%. The market anticipates that 1 year from now, 1-year Treasury securities will yield 4.4
mario62 [17]

Answer:

The yield today for 2-year Treasury securities is 4.27%

Explanation:

In order to calculate the yield today for 2-year Treasury securities we would have to calculate the following formula:

2-year treasury yield = [(1 + 1-yr treasury yield) * (1 + 1-yr treasury yield, 1 year from now)]1/2 - 1

= [(1 + 0.0415) * (1 + 0.044)]∧1/2 - 1

= [1.0873]∧0.5 - 1

= 1.0427 - 1 = 0.0427, or 4.27%

The yield today for 2-year Treasury securities is 4.27%

7 0
3 years ago
When couples not only enjoy each other's company, but closeness is both wanted and needed, they are in the?
aleksklad [387]
<span>Actually here in this type of scenarios the couples are in the starting phase of mutual relationships which may be of any of types of relationships, ie, the couples want to spend as much time as possible together to know, feel & understand eachother and finally form a very close relationships , which may sometimes end in true love for sure. The correct answer is integrating stage.</span>
3 0
3 years ago
Which of the following is true? Multiple Choice
spin [16.1K]

Answer:

The answer is: D) Licenses for functional intellectual property can be viewed as conveying a right of use.

Explanation:

Functional Intellectual Property (IP) is different from other IP since it must possess a standalone functionality. This means it must be able to perform a task, process a transaction, etc.

Because functional IP possess a standalone functionality, licensing agreements provide the customer immediate use of the functional IP. Therefore, revenue from licensing functional IP is recognized at the time the license is given.

7 0
3 years ago
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