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3 years ago

Information concerning the stock of a corporation must be outlined in the articles of incorporation.

Business

1 answer:

Kay [80]3 years ago

8 0

Answer:

A. True

Explanation:

The company's incorporation article is a series of official documents submitted to a government agency to legitimize the establishment of a company. The articles of incorporation must contain the relevant information, such as company name, street address, representative of the operation service and the number and type of shares, stocks to be issued. The article of incorporation is sometimes called "charter of the company", "charter of the association" or "constituent document". The charter of the association is the documentation required for a company to be registered with the government and acts as an arrangement to recognize the establishment of a company. The document summarizes the basic information required to set up a company, the institutional rules of the state in which the management of a company and the charter of the association are submitted.

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The NEC® arose as a consensus of more than 1200 individuals primarily to ____.

labwork [276]

NEC arose to:

d.standardize equipment use as a marketing tool

Explanation:

NEC Corporation is a multinational IT and Electronics firm that is based out of Japan.

It was started in the 60s as Nippon Electric company ltd. but it re branded itself to name NEC in 1983.

It is responsible for the standardization of equipment as their USP and their prime marketing tool and made it a standard industry practice to do so as of now.

Their impact on the whole industry has been immense.

7 0

2 years ago

Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.(a) Indicate the missing amoun

Sliva [168]

Answer:

Incomplete manufacturing costs:

Case 1 Case 2

Direct materials used $9,700 $3,900

Direct labor 5,100 8,100

Manufacturing overhead 8,400 4,100

Total manufacturing costs 23,200 16,100

Beginning work in process inventory 1,100 9,100

Ending work in process inventory 7,200 3,100

Sales revenue 25,000 31,500

Sales discounts 2,600 1,500

Cost of goods manufactured 17,100 22,100

Beginning finished goods inventory 5,000 3,400

Goods available for sale 22,100 25,500

Cost of goods sold 18,600 22,900

Ending finished goods inventory 3,500 2,600

Gross profit 3,800 7,100

Operating expenses 2,800 2,000

Net income 1,000 5,100

Explanation:

To work out the missing figures involves some manoeuvres of the figures, working up or down as the case may be. For example, to calculate the cost of goods sold in Case 1, I deducted the ending inventory of finished goods from the Goods available for sale. With this figure, it becomes possible to work out the Gross profit and the Net income.

3 0

3 years ago

On December 31, after making a concerted effort, management determines that it will not be able to collect the $1,200 owed to it

zvonat [6]

Answer:

See explanation section

Explanation:

To record the journal entry to write off the uncollectible account according to the direct write-off method, we have to use bad dad expanse instead of an allowance account.

December 31 Bad Debt Expense Debit $1,200

Account receivable - Acme, Inc. Credit $1,200

Note: As the company did not get the money from the Acme, Inc., They treated the expense as irrecoverable.

4 0

3 years ago

Thomas Engel contributed equipment, inventory, and $45,000 cash to a partnership. The equipment had a book value of $25,000 and

Troyanec [42]

Answer:

Thomas capital

Equipment $30,000

Inventory 25,000

Cash <u> 45,000</u>

Total <u> 100,000</u>

Explanation:

Equipment : thebook value is $25,000 while the market value is $30,000. the market value of the equipment will be used.

Inventory : the book value is $50,000 while the market value is $25,000. As a result of obsolescence, the inventory will be value at lower of cost and net realizable value(IAS2). therefore, $25,000 will be recognized for the inventory in the determination of Thomas capital

Cash: there is no changes in cash contributed.

5 0

2 years ago

Read 2 more answers

The Acme Widget Company has found that if widgets are priced at s 389, then 1000 will be sold. They have also found that for eve

kvv77 [185]

Answer:

See the explanation below.

Explanation:

a. The number of widgets that will be sold

Let y represent the number of widgets that will be sold, and and we already have x as price of widget, we therefore have:

y - 1,000 = (-600/10) * (x - 389)

y - 1,000 = -60 * (x - 389)

y = 1,000 - [60 * (x - 389) ]

y = 1,000 - 60x + 23,340

y = 24,340 - 60x

b. The revenue generated by the sale of widgets

Let R represent Revenue, therefore we have:

R = xy

R = x(24,340 - 60x)

R = 24,340x - 60x²

c. The cost of producing just enough widgets to meet demand

Let C represent total cost, we therefore have:

C = 8,000 + 97.25y

C = 8,000 + 97.25(24,340 - 60x)

C = 8,000 + 2,367,065 - 5,835x

C = 2,375,065 - 5,835x

d. The proft from selling widgets

Let P represent profit, we therefore have:

P = R - C

P = 24,340x - 60x² - (2,375,065 - 5,835x)

P = 24,340x - 60x² - 2,375,065 + 5,835x

P = - 60x² + 30,175x - 2,375,065

e. Find the price that will maximize profits from the sale of widgets

Profit is optimum when dP/dx = 0

Therefore, we have

0 = - 120x + 30,175

120x = 30,175

x = 30,175/120 = $251.46

4 0

3 years ago