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3 years ago

A corporation's legal capital:

Business

2 answers:

kotegsom [21]3 years ago

8 0

Answer:

The correct answer is Option D.

Explanation:

Corporation legal capital is the amount of equity that cannot legally be allowed to leave the company's books. The company cannot pay out dividends or any other thing from the legal capital. The legal capital is always regulated by the regulators e.g., central banks, Securities and Exchange Commission (SEC), insurance commission, etc.

The objective of having a legal capital is to protect the company's creditors in the event of default, however, this intent is being negated by companies as they issue low par values of stock.

Some states do not require any par value, meaning the companies in those states have no capital requirement.

Fantom [35]3 years ago

3 0

Answer: d. Is established to protect the corporation's creditors.

Explanation:

A corporation's legal capital is the part of a company's equity that absolutely cannot be allowed to leave the company. It is illegal to distribute them as dividends or any other means.

The purpose of this is to ensure that the creditor's rights to assets in the company are protected in the event that some mishap should befall the company.

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The actual cost of direct materials is $10.50 per pound. The standard cost per pound is $11.75. 42) During the current period 10

emmainna [20.7K]

Answer:

Direct materials efficiency variance = 1175 unfavorable

so correct option is C) $1,175 unfavorable

Explanation:

given data

actual cost = $10.50 per pound

standard cost per pound = $11.75

current period = 10,000 pounds

purchased = 11,500 pounds

actual units produced = 9,900 pounds

to find out

direct materials efficiency variance

solution

we get here Direct materials efficiency variance that is express as

Direct materials efficiency variance = Standard rate × ( Standard quantity - Actual quantity ) ..................1

put here value in equation 1 and we get

Direct materials efficiency variance = 11.75 × ( 10000 - 9900 )

Direct materials efficiency variance = 11.75 × 100

Direct materials efficiency variance = 1175 unfavorable

so correct option is C) $1,175 unfavorable

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3 years ago

Trading in foreign currency options would most likely be: __________

kumpel [21]

There are different kinds of trade. Trading in foreign currency options would most likely be an appropriate hedging tool for individual investors who want to hedge the risk on specific U.S. exchange-listed stocks.

<h3>Currency option hedges</h3>

Currency option hedges are known to be tools that are used in international business.

An example, when an American importer is said to agree to buy some food equipment from a Chinese manufacturer at a later future date. The transaction will be carried out in Chinese currency.

The American importer has therefore made an hedge by buing currency options on the Chinese currency.

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3 years ago

Martin transfers real estate with an adjusted basis of $260,000 and fair market value of $350,000 to a newly formed corporation

katrin [286]

Answer:

$40,000

Explanation:

We can calculate recognized gain on the transfer and basis for his stock just by deducting adjusted basis value from liability on the transfered real estate.

Calcuation

iability on the transfered real estate $300,000

less: adjusted basis value ($260,000)

Gain recognized $40,000

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3 years ago

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Blossom Company's accounting records show the following for the year ending on December 31, 2017.

LuckyWell [14K]

Answer: $678,220

Explanation:

Given that,

Purchase Discounts = $ 11,000

Freight-in = $15,300

Purchases = $689,020

Beginning Inventory = $55,000

Ending Inventory = $45,600

Purchase Returns and Allowances = $15,100

Cost of goods purchased:

= Purchases + Freight in - Purchase discounts - Purchase returns and allowances

= $689,020 + $15,300 - $ 11,000 - $15,100

= $678,220

4 0

3 years ago

Marketers must weigh carefully the costs of additional information against the resulting from it.

viva [34]

Marketers must weigh carefully the costs of additional information against the benefit resulting from it.

What are marketers?

A marketer is a person who advertises an organization's products and services. They identify the tactics that can increase sales and revenue while making sure that these tactics are in line with consumer demands and market demands.

Therefore,

Marketers must weigh carefully the costs of additional information against the benefit resulting from it.

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2 years ago