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3 years ago

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I would like to set up a company that has operational flexibility and tax efficiencies, but I would also like reduce my personal

legal exposure if the company were to go bankrupt or be subject to a tort. Which form of business would best suit my needs?

1 answer:

Natalka [10]3 years ago

6 0

Aisisiizuddyhee. Shsdiuejebsvz

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Rodriguez Corporation issues 18,000 shares of its common stock for $174,800 cash on February 20. Prepare journal entries to reco

AleksAgata [21]

Answer:

a.

Date Account Title Debit Credit

Feb. 20 Cash $174,800

Common stock $144,000

Paid-In Cap. in excess of par $30,800

<u>Working</u>

Common stock = 18,000 * 8

= $144,000

Paid-in cap. = 174,800 - 144,000

= $30,800

b.

Date Account Title Debit Credit

Feb. 20 Cash $174,800

Common stock $174,800

c.

Date Account Title Debit Credit

Feb. 20 Cash $174,800

Common stock $72,000

Paid-In Cap. in excess of par $102,000

<u>Working</u>

Common stock = 4 * 18,000 = $72,000

Paid in cap = 174,000 - 72,000 = $102,000

4 0

3 years ago

Metlock, Inc. has 5900 shares of 6%, $50 par value, cumulative preferred stock and 118000 shares of $1 par value common stock ou

MrRa [10]

Answer:

$23900

Explanation:

Given: Cumulative Preferred stock is 5900 shares of 6% at $50.

Dividend paid in 2019= $11500

First lets calculate the value of preferred stock.

Preferred stock= $5900 shares\times \$ 50\times \frac{6}{100}$

∴ Preferred stock= $17700.

Formula:

Dividend received by preferred stockholder= $[Preferred\ stock +(Preferred\ stock-Dividend\ paid)]$

⇒Dividend received by preferred stockholder= $17700+(17700-11500)$

⇒ Dividend received by preferred stockholder= $17700+6200= \$ 23900$

∴ $23900 dividend received by preferred stockholder in 2020.

4 0

3 years ago

2)Torres Inc. recently began production of a new product, the halogen light, which required the investment of $600,000 in assets

madreJ [45]

Answer:

The selling price is $99

Explanation:

The selling price of the product can be computed by adding required profit margin to the unit cost of the product.The required profit margin is the 10% return on invested assets.

Total variable cost $59*10000 =$590,000

Fixed expenses ($180,000+$60,000) =$240,000

desired profit margin(10%*$600,000) =$60,000

Total sales revenue =$990,0000

price per unit=$990,000/10000=$99

The cost-plus approach to product pricing gives $99

3 0

3 years ago

Eighty units of end item X are needed at the beginning of week 6, and another 30 units are needed at the beginning of week 8. Pr

alekssr [168]

Find the below attachments for complete answer

6 0

3 years ago

"Trade raises the economic well-being of a nation in the sense that the gains of the winners exceed the losses of the losers." T

kondaur [170]

Answer:

B) False

Explanation:

Trade usually benefits all the nations involved. We can use an extreme example, Chinese-American trade. America has a huge trade deficit with China, but still the whole country benefits from it. America lost some manufacturing jobs, but they have been replaced by higher paying service related jobs (currently service related jobs account for more than 70% of the total jobs in America).

And more important, American citizens are able to buy very good and cheap products from China and other places. Imagine if we had to pay for only domestic products, we would spend a much larger portion of our income in them.

8 0

3 years ago