All categories

3 years ago

What are the various forms of business organization? What are the advantages and disadvantages of each?

Business

1 answer:

Hunter-Best [27]3 years ago

6 0

Answer and Explanation:

There are three principle sorts of business associations which are given bellow

sole ownership, organization and enterprise.

An association is a business possessed by at least two individuals. The points of interest are: shared costs, information and costs. The detriments are: benefit sharing and individual obligation.

You might be interested in

Tangible assets are first recorded at ______. Multiple choice question. current market value or resale value the amount of cash

worty [1.4K]

Tangible assets are first recorded at costs to acquire them for use.

Tangible assets are fixed assets which is referred to as the physical assets which a company/Buisness owns to carry out its daily activities in order to create profit .

They include investments, cash, inventory, vehicles, office equipment, buildings,machines, etc

Tangible assets are very important to businesses as they

Help in business operations to provide goods and services

Serve as collateral for loans
In case of emergency, they can generate cash

Tangible assets are first recorded in the balance sheet as costs to acquire them for use.

See more here: brainly.com/question/23469284

7 0

2 years ago

On June 30, 2020, Sage Company issued $3,551,000 face value of 13%, 20-year bonds at $3,818,140, a yield of 12%. Sage uses the e

Lubov Fominskaja [6]

Answer: See attachment

Explanation:

The journal entry to record the transactions has been attached.

1. The issuance of the bonds on June 30, 2020.

Debit Cash $3818140

Credit Premium on bonds payable $267140

Credit Bonds payable $3551000

(2) The payment of interest and the amortization of the premium on December 31, 2020.

Debit Interest expense $229088.4

Debit Premium on bonds payable $1726.6

Credit Cash $230815

(3) The payment of interest and the amortization of the premium on June 30, 2021.

Debit Interest expense $228984.8

Debit Premium on bonds payable $1830.2

Credit Cash $2380815

(4) The payment of interest and the amortization of the premium on December 31, 2021.

Debit Interest expense $228975

Debit Premium on bonds payable $1940

Credit Cash $230815

4 0

3 years ago

King Corporation owns machinery with a book value of $760,000. It is estimated that the machinery will generate future cash flow

kogti [31]

Answer:

C. $200,000.

Explanation:

The computation of the impairment loss is shown below:

= Book value of the machinery - fair value of machinery

- $760,000 - $560,000

= $200,000

Hence, the impairment loss is $200,000

Therefore the correct option is c.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

6 0

3 years ago

Crayola Technologies Inc. has contacted Rubium with an offer to sell 6,000 of the subassemblies for $144.00 each. Rubium will el

AURORKA [14]

Answer:

Make, Savings = $1,000

Explanation:

If Rubium company makes, they can avoid -

Total Variable cost = $(54 + 35 + 40)*6,000 units = $774,000

Total Fixed cost = $89,000

Therefore, total cost = $774,000 + 89,000 = 863,000

Again, if Rubium purchases from Crayola Technologies Inc., the cost will be

$144 x 6,000 units = $864,000

So, Purchasing cost is larger than making cost. Therefore, Rubium company should make the sub-assemblies.

The difference between making and purchasing is = $(864,000-$863,000 = $1,000

Therefore, savings = $1,000

4 0

3 years ago

True or False: In the long run, a country's production of goods and services and the standard of living of its citizens are inde

Olenka [21]

"In the long run, a country's production of goods and services and the standard of living of its citizens are independent of each other because countries have the opportunity to import goods and services" is FALSE.

Option: B

Explanation:

A nation's manufacturing of goods and services and the standard of living of its citizens is related by economist as the increase in GDP gives logically idea of standard of living of people in many cases but may vary practically with some exceptions. Thus these two factors will remain dependent either in short or in long run.

This is because if more goods have been produced by people more profit under law and order they earn which helps in increasing their standard of living while some exception may exist too like employees or workers with low salary and more work cannot allow them to increase their living standard, thus with production of goods and services the salary structure is also needed to be maintained to correlate these factors.

4 0

3 years ago