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3 years ago

Match the description with the business structure type. To match the

Business

1 answer:

Sliva [168]3 years ago

6 0

Answer:

See below

Explanation:

1. Sole proprietorship

A company with one owner, personal liability, and pass-through taxation.

The owner makes all decisions by themselves and keeps all the profits. Business income is also owner income. Likewise, business debts are the owner's debts.

2. LLC

A company with multiple owners, limited liability, and pass-through taxation. A minimum of one owner but no upper limit. Owners are referred to as members.

3. Corporation

A company with multiple owners, limited liability, and higher taxes.

It is regarded as a separate entity from its owners. A corporation is expected to file corporate tax returns.

4. Partnership

A company with multiple owners, personal liability, and pass-through taxation. A partnership is formed when friends or entrepreneurs with similar interests combine efforts to start a business. They develop a partnership deed that guides their business operations.

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3 years ago

Assume that a company makes only three products: Product A, Product B, and Product C. Currently, the company uses a conventional

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Answer:

Company A

Using the activity-based costing approach, the percent of the company’s total Material Handling activity cost that would be allocated to Product B is:

d. 33%

Explanation:

a) Data and Calculations:

Product A Product B Product C Total Use

Number of units produced 1,000 units 7,000 units 2,000 units 10,000

Direct labor hours per unit 2 hours 2 hours 2 hours 6

Number of setups 30 setups 50 setups 20 setups 100

Number of material moves 600 moves 400 moves 200 moves 1,200

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= 400/1,200 * 100

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3 years ago

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