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seropon [69]
3 years ago
10

Which statements are true? Check all that apply: C-corporations are subject to double taxation. LLCs are best for taking venture

capital. A general partnership can have many owners. Corporations and LLCs limit the owners' liability.
Business
1 answer:
Ronch [10]3 years ago
4 0

Answer: All except " LLCs are best for taking venture capital" .

Explanation:

1. The corporations have to pay corporate tax and after that the stakeholders have to pay tax on their dividends. Hence they are subject to double taxation.

2. The number of partners in a general partnerships could be  greater than two.

3. In case of LLC and corporations, the entity is considered to separate from its owners. Hence the owners enjoy limited liability benefit.

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A cleaning company uses 10 lbs each of chemicals A, B and C for each house it cleans. After some quality complaints, the company
VashaNatasha [74]

Answer:

D) 25%

Explanation:

Productivity can be described as a measure of profitability of the work done by a company. For example a sales department may measure productivity by number of closed sales in a week.

In this instance the cleaning company will consider cost reduction an increase in productivity.

They were using 10 lbs each for house A, B, and C (30 lbs). An additional 10 lb is used increasing total chemicals used to 40 lb.

The increase in chemical usage is a drop in productivity for the company as they are spending more.

The percentage drop in productivity is a proportion of the additional quantity of chemical to total chemicals used.

Percentage drop in productivity= (10/40)*100= 25%

3 0
3 years ago
Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have the
Allisa [31]

Answer:

Cobras Incorporated

Trial Balance as at March 31.

                                             Debit          Credit

Supplies                                 $1,100

Buildings                             $41,000

Cash                                      $2,100

Accounts Receivable          $2,800

Prepaid Insurance                 $1,100

Salaries Payable                                        $300

Accounts Payable                                   $1,500

Common Stock                                      $21,000

Retained Earnings                                 $14,500

Service Revenue                                    $18,100

Utilities Expense                 $2,300

Salaries Expense                $5,000

Totals                                 $55,000     $55,000

Explanation:

A Trial Balance is used to check mathematical accuracy in ledger Accounts. It represents a list of Balances : Debit and Credit extracted from the Ledger Accounts.

7 0
3 years ago
Many times, margin, instead of retailing price, becomes the firm's decision variable. Suppose we notice Kroger is selling Dove a
adoni [48]
Dove is about ___38%
4 0
3 years ago
At the beginning of 2018, the balance in Jackson Enterprises' Allowance for Uncollectible Accounts was $31,800. During 2018, the
Colt1911 [192]

Answer:

The answer is: Credit record to Accounts Receivable account

Explanation:

The Accounts Receivable account is an asset, usually it should be a current asset since it should be collected within a one year period. When assets increase, a debit record should be made. But in this case, the asset is decreasing since bad debts reduce the Accounts Receivable account. When an asset decreases, a credit record should be made.

6 0
3 years ago
Which market structure would a company with high start-up costs and ongoing expensive advertising and promotional campaigns most
STALIN [3.7K]
The answer would be a monopoly 
7 0
3 years ago
Read 2 more answers
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