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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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Candice, owner of Green Solar Panels, has found that some of her department managers were using management by objectives, but th

Ilia_Sergeevich [38]

Answer: B) False

Explanation: Management by objectives (MBO) is a type management which it's main goal is to improve the performance of an organization by means of stating the objectives which of the organisation and is usually agreed on by both the management and the employees. In the case above some objective have being put in place by Candice using MBO method, which she later discovered that some department are not complying with. This would affect the results of the MBO program she introduced, for an MBO to yield improve results it needs full cooperation from employees.

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3 years ago

Hushovd Iron Works has collected the following data for its Thunderbolt line of products: Direct materials standard 15 pounds p

Hitman42 [59]

Answer:

The direct material quantity variance is $10,800 favourable. (the options in the question are not correct).

Explanation:

The direct materials quantity variance represents a difference between what was actually produced and the standard or idea that should have been produced especially with regards to the use of direct materials.

To calculate material quantity variance

Step 1:Calculate the Standard Usage of Material

Formula= (Actual Units of Finished goods Purchased x Standard Price of Material per unit)

= 4,000 units x 15 Pounds

= 60,000 Pounds

This means the standard material usage is 60,000 pounds

Step 2: Now calculate the Direct Material Quantity Variance

Formula= (Standard Material Usage - Actual Material Usage) x The Standard Price per Unit of Material

= 60,000 pounds (computed in step 1) - 40,000 pounds (given in the question)

= 20,000 pounds x $0.54

=$10,800

Since the standard Material is higher than the actual material usage, it means that the answer is as follows;

The direct material quantity variance is $10,800 favourable.

Kindly note that the multiple options in the question above are for a different set of figures and a different question.

6 0

3 years ago

AN The Mixing Department manager of Malone Company is able to control

slamgirl [31]

Responsibility report for the financial period of the overhead costs incurred will have a negative shortfall and a difference of $4125 for the controllable costs.

<h3>What are overhead costs?</h3>

Overhead costs are such costs which are continuously in an organization while operating in the regular course of business. The overhead costs are estimated before they are actually incurred for efficiency of cost allocation.

The responsibility report for the overhead costs incurred by Malone Company for the given period are attached with an image for better reference.

Hence, it can be stated that the controllable costs' responsibility report shows as overhead costs of negative difference of $4125.

Learn more about overhead costs here:

brainly.com/question/14811739

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4 0

2 years ago

Earl holds 1,000 pounds of perishable fruit in storage for fresh food corporation. fresh food does not pay for the storage. earl

Sergeeva-Olga [200]

This sale represent A MITIGATION OF DAMAGE.
The principle of the mitigation of damage states that a person who has suffered an injury or loss should take reasonable action where possible to avoid additional injury. The failure to take reasonable action to prevent further loss may result in reduction in the amount that the person can recover if the case is taken to court.

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4 years ago

Barry owns a 50 percent interest in B&B Interests, a partnership. His brother, Benny, owns a 35 percent interest in that sam

omeli [17]

Answer:

$10,000 loss

Explanation:

Barry bought a property for $60,000. He sells it for $100,000 to a company he owns 50% of. 50% of $100,000 = $50,000. He bought it for $60,000 and sold it for $50,000... that's a $10,000 loss. But they did say they are keeping the property for resale so there still may be hope :D

5 0

3 years ago