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natka813 [3]
3 years ago
7

How do you start an organization? ​

Business
1 answer:
Zielflug [23.3K]3 years ago
8 0

For a Profit Organization:

1. Select the best business structure which favors you in taxes and protect. Such as corporation, limited liability company, sole proprietorship, general partnership, limited partnerships or a professional incorporation.

2. Decide the name you want to use to advertise your business.

3. Register company name with the state, county and the federal if applicable.

4. Check licensing requirements with the city county, city, state and federal.

5. Open a bank account

6. Advertising and Marketing

For a Non Profit Organization:

1. There are two types of non profit organizations religious and good cause.

2. It has to be registered wither with the state or county, depending upon the structure and the state you want to incorporate.

3. Apply with the federal to obtain a tax exempt status, so that your donors can claim donations on their tax returns.

4. Open a bank account

5. Delegate duties what you have mentioned in the article you submitted to the Internal Revenue Service.

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Dexter Industries purchased packaging equipment on January 8 for $98,000. The equipment was expected to have a useful life of th
Flauer [41]

Answer:

1.

a. $30,667

a.1. $92,001

b. $41,308

b.1. $92,000

c. $65,334

c.1. $94,370

2.The method that yields the highest depreciation on year 1 is Double declining balance, in the amount of $65,334

3. The method that yields the most depreciation the 3 years is Double declining balance in the total amount of $94,370

Explanation:

1. A (straight line method)

(98,000-6,000) / 3 years = 30,667

A.1. 30,667 x 3 years = 92,001

B. (Units-of-activity method)

Formula : [(cost - salvage value) x hours for the preiod] / total eatimated hours

[(98,000-6,000) x 8,980 ] / 20,000

41,308

B.1. Year 1

[(98,000 -6,000) x 8,980] / 20,000

41,308

Year 2

[(98,000-6,000) x 6,930] / 20,000

31,878

Year 3

[(98,000-6,000) x 4,090] / 20,000

18,814

Thus, 41,308 + 31,878 + 18,814 = 92,000

C. (double declining method)

formula : 100% / years x 2

100%/3 x 2 = 66.67%

98,000 x .66667 = 65,334

C.1. Year 1 = 65,334

Year 2

(98,000 - 65,334) x .66667 =21,777

Year 3

(98,000 - 65,334 - 21,777) x .66667 = 7,259

Thus, 65,334 + 21,777 + 7,259 =94,370

7 0
3 years ago
eff Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred: Jackson
melomori [17]

Answer:

Jeff Jackson's Repairs

The net income for March would be:

= $11,900.

Explanation:

a) Data and Analysis:

March 1: Cash $27,000 Equipment $102,000 Common stock $129,000

Rent expense $2,200 Cash $2,200

Cash $18,000 Service revenue $18,000

Salaries expense $6,400 Cash $6,400

Accounts receivable $3,200 Service revenue $3,200

Utilities expense $700 Cash $700

Cash $3,300 Deferred revenue $3,300

Cash Dividends $5,200 Cash $5,200

Net Income for the month of March would be:

Service Revenue ($18,000 + $3,200) $21,200

Expenses:

Rent expense     $2,200

Salaries expense 6,400

Utilities expense     700                        (9,300)

Net income for March =                       $11,900

6 0
3 years ago
Margin of Safety The Ira Company has sales of $800,000, and the break-even point in sales dollars is $664,000. Determine the Ira
attashe74 [19]

Answer:

17%

Explanation:

Margin of safety = (sales - sales at break-even point ) / sales × 100 = $ 800 000 - $ 664 000 / $ 800 000 × 100  = 17%

7 0
3 years ago
Jojo drives a truck for a living but is attending Ashford to earn a degree in business administration because what he really wan
bixtya [17]

Answer:

The correct answer is letter "A": Wait until he enters an area with an available wired network.

Explanation:

It is common that while driving on the road there might be some areas where internet connection can be lost because the antennas of the service provider our mobile lines work with are not nearby. Then, just like in Jojo's case, we should wait to enter into an area where there is enough signal so we can use our mobile internet as usual.

5 0
3 years ago
The following information is related to Alpha Company:
yan [13]

Answer:

c. $5.1 per hour.

Explanation:

Estimated Manufacturing overhead = $249,000

Estimated direct labour hours = 50,000

Predetermined overhead Rate = Estimated Manufacturing overhead / Estimate direct labor hours

Predetermined overhead Rate = $249,000 / 50,000

Predetermined overhead Rate = $4.98

The given is inconsistent with the options given in this question. A similar question is attached with this answer. The following answer is made according to the attached question. please find that.

Estimated Manufacturing overhead = $254,000

Estimated direct labour hours = 50,000

Predetermined overhead Rate = Estimated Manufacturing overhead / Estimate direct labor hours

Predetermined overhead Rate = $254,000 / 50,000

Predetermined overhead Rate = $5.08 = $5.1 per hour

3 0
3 years ago
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