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mrs_skeptik [129]
3 years ago
12

Legally a corporation is a thing that can endure beyond the natural lives of its members and that has incorporators who may sue

and be sued as a unit and who are able to consign part of their property to the corporation for ventures of limited liability.
A) True
B) False
Business
1 answer:
Fed [463]3 years ago
7 0

Answer:

A) True

Explanation:

A corporation is a distinct and separate legal entity from its owners. It enjoys commercials' rights and has obligations, just like a person does. Corporations transact business,  can enter a contract, borrow money, sue, or be sued.

The most salient feature of a corporation is that its owners have limited liability. It means that the owners of a corporation are liable for its obligation up to the extent of their capital contribution. If a corporation is unable to meet its debts, the personal properties of its owners can not be attached to the liabilities.

Many corporations outlive their founders. The most famous companies were incorporated decades ago. A corporation is often described as a legal person. Its lifespan is not dependent on the lives of its owners.

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Your company has a fixed monthly operating cost of $4173 (rent, fixed utilities, etc.) on top of the $5.13 it costs you to make
Nana76 [90]

Answer:

Y = $4,173 + ($5.13)X

Explanation:

A fixed monthly operating cost of $4,173 is a monthly cost that will not change no matter the number or unit of t-shirt produced, while $5.13 is the variable costs of making each t-shirt. This can be presented in a linear equation as follows:

Y = a + bX .............................. (1)

Where,

Y = Total monthly cost of producing shirts

a = fixed cost = $4,173

b = variable cost of each shirt = $5.13

X = number of shirts produced

Using the values already given, equation (1) can be rewritten as follows:

Y = $4,173 + ($5.13)X .............................. (2)

Equation (2) is the required linear equation.

3 0
3 years ago
Setup Corporation buys $100,000 of sand, rock, and cement to produce ready-mix concrete. It sells 10,000 cubic yards of concrete
kipiarov [429]
30*10,000=300,000$ of sales (since you add 30 dollars for each cubic yard). The value added is the amount of sales - the amount spent = 300,000-100,000=200,000
4 0
3 years ago
All of the following are benefits of workforce diversity except:_____.
Stolb23 [73]

All of the following are benefits of workforce diversity except d. attraction and retention of the best talent

<h3>What is Diversity?</h3>

This refers to the different mix of people or things that come together to achieve a common goal, especially in a workplace.

Hence, we can see that All of the following are benefits of workforce diversity except d. attraction and retention of the best talent

Read more about workforce diversity here:
brainly.com/question/2062688

#SPJ1

6 0
1 year ago
Bankruptcy can make it difficult for you to get a loan, rent an apartment, or even get a job. True or false?
lbvjy [14]

Answer:

True

Explanation:

4 0
3 years ago
Account Title Amount Account Title Amt Accounts Payable ---------------------- $ 204,975 Income Taxes Payable --------------- 78
Archy [21]

Answer:

          Stockholders Equity

Preferred Stock                375,000

Common Stock                562,500

Additional Paid-in Capital   81,900

Retained Earnings        <u>    306,000 </u>

Total Equity                    1,325,4‬00

Explanation:

We look into the list only for the equity accounts:

Which are the preferred stock, the common stock

and the additional paid-in caital.

We will also include the retained earnings account

All this accounts increase the equity, so we ujust need to add them together.

8 0
3 years ago
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