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marysya [2.9K]
3 years ago
10

A corporation must have a registered agent within the state of incorporation only if the corporation maintains an office in that

state. True or False
Business
1 answer:
Dafna11 [192]3 years ago
6 0

Answer:

False

Explanation:

Delaware is a small state that holds over 1 million companies, over 50% of all publicly traded corporations in the US and more than 300 of the Fortune 500 corporations. Basically, many companies incorporate there for the tax and legal advantages that it offers.

But Delaware, as well as every single state + Washington DC, requires that all companies registered there must have a registered agent that lives within the state. It doesn't matter if the company does or doesn't do business in Delaware, or any other specific state, that is legal requirement.

In a place like Delaware, it is probably a career to be a registered agent for foreign companies, since there are more companies than people.

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Traditions Home Accessories Company manufactures decorative lamps using an activity-based costing system to allocate all manufac
ladessa [460]

Answer:

$15.10 per lamp

Explanation:

Cost per part of Material handling = $3000/6000 parts

Cost per part of Material handling = $0.50 per part

Assembling per hour = $7200/3000

Assembling per hour = $2.40 per hour

Packaging per lamp = $4000/2000

Packaging per lamp = $2 per lamp

Total manufacturing cost per Lamp = $8 + (9*$0.50) + ($2.40/4) + $2

Total manufacturing cost per Lamp = $8 + $4.5 + $0.6 + $2

Total manufacturing cost per Lamp = $15.10 per lamp

8 0
3 years ago
Keidis Industries will pay a dividend of $2.85, $3.95, and $5.15 per share for each of the next three years, respectively. In fo
lutik1710 [3]

Answer:

Present value = $41.8160 rounded off to $41.82

Explanation:

Using the dividend discount model, we calculate the price of the stock today. It values the stock based on the present value of the expected future dividends from the stock. To calculate the present value of the next four dividends, we will use the following formula,

Present value = D1 / (1+r)  +  D2 / (1+r)^2  +  D3 / (1+r)^3  +  P4 / (1+r)^4

Where,

r is the required rate of return

Present value = 2.85 / (1+0.095)  +  3.95 / (1+0.095)^2  +    

5.15 / (1+0.095)^3  +  46 / (1+0.095)^4

Present value = $41.8160 rounded off to $41.82

6 0
3 years ago
What do you understand by forester?​
FromTheMoon [43]
That he will forever stay by the position
6 0
2 years ago
The corporate charter of Imp Company authorized the issuance of 10 million, $1 par common shares. During 2021, its first year of
lesantik [10]

Answer:

Paid -in Excess capital as on December 31, 2021 $124 million

Explanation:

The computation of the amount reported as a additional paid-in capital  is shown below

For Jan 1, 8 million ×  $15              $120 million

For June 3, 2 million × $18              ($36 million)

For December 28, 2 million × $20  $40 million

Paid -in Excess capital as on December 31, 2021 $124 million

7 0
3 years ago
Sheffield Corp. had credit sales of $1696000. The beginning accounts receivable balance was $175000 and the ending accounts rece
Aleks04 [339]

Answer:

$1,574,000

Explanation:

Cash collections from customers during the period using direct method is computed as;

= Credit sales + Beginning accounts receivables - Ending accounts receivables

= $1,696,000 + ($175,000 - $297,000)

= $1,692,000 - $122,000

= $1,574,000

7 0
3 years ago
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