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levacccp [35]
2 years ago
8

Amanda has always been inclined toward baking and wants to open her own bakery. She takes a loan of $20,000 from the bank and st

arts a bakery in her hometown. In the context of the four forms of business, Amanda most likely _____. owns a limited liability company has a sole proprietorship owns a statutory close corporation has a general partnership
Business
1 answer:
Orlov [11]2 years ago
8 0
Limited Liability Company (LLC): This is a 'mix' between a corporation and a sole proprietorship. Most businesses that have an LLC are partnerships but sole owners can have this as well. There are tax break advantages with an LLC that are more comparable to a sole proprietorship. 
Sole Proprietorship: The most common type of business practice, one sole owner. 
Statutory Close Corporation: Stockholders are actively involved in managing the business.
General Partnership: Two or more people agree to share assets, profits and all legal matters within a business. 

Based on the differences between these types of business practices Amanda most likely has a Sole Proprietorship.

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RAK Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 5.7 percent coupon b
Hatshy [7]

Answer:

5.31%

Explanation:

FV = 1000

Coupon rate = 5.7%

No of compound = 2

Interest per period = $28.5

Bond price = $1048

No of years to maturity = 20

No of compounding till maturity = 40

Coupon rate set on new bonds = Rate(Nper, PMT, -PV, FV) * 2

Coupon rate set on new bonds = Rate(40, 28.5, -1048, 1000) * 2

Coupon rate set on new bonds = 0.02655 * 2

Coupon rate set on new bonds = 0.0531

Coupon rate set on new bonds = 5.31%

7 0
2 years ago
Which of these items is a tax deduction?. a)cash awards. b)interest from bonds. c)interest on a home mortgage
wolverine [178]
C)interest on a home mortgage
5 0
3 years ago
Strategy implementation can be the most difficult part of the strategic management process. Which of the following is not likely
RUDIKE [14]

Answer:

d) Competition

Explanation:

According to  Rajasekar, J. (2014). <em>Factors affecting effective strategy implementation in a service industry</em> Strategic management process key factors are the role of leadership, the role of culture and the role of organizational structure in strategy implimentation.

On the other hand, "the absence of real competition is either not aware of the need to formulate a strategy and implement it (clarity of strategy) or believe there is no need to do so due to the business structure" (p.177)

Reference: Rajasekar, J. (2014). Factors affecting effective strategy implementation in a service industry: A study of electricity distribution companies in the Sultanate of Oman. International Journal of Business and Social Science, 5(9).

3 0
2 years ago
The existence of under- or overapplied overhead at the end of the year: a. requires a retroactive adjustment to the cost of all
Ilya [14]

Answer:

Option "C" is the correct answer to the following question.

Explanation:

Cost of goods sold includes all types of expenses related to a product.  

Any type of expenses during the year can be adjusted in the cost of goods sold for that product.  underdeveloped or overdeveloped overhead can also be adjusted in the cost of goods sold for the particular year.

so the correct answer to the given statement is the Cost of Goods sold.

5 0
3 years ago
Held-to-maturity securities a.are reported at fair value. b.include equity securities. c.are not intended to be held until the m
Hitman42 [59]

Answer:

The correct answer is option D,held-to-maturity securities  include corporate notes and bonds.

Explanation:

Held-to-maturity securities are normally debt instruments purchased with aim of keeping them till maturity so as to collect the principal amount invested as well as the related interests,since they are not held for short-term gains,they are not reported at fair values.

Securities held for short-term to be realized in short-term are reported at fair values

4 0
2 years ago
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