Answer:
b. a close corporation.
Explanation:
A closed corporation is a corporation in which the shares of the company aren't publicly traded. Shares are held by few people, they are usually family members or mangers of the business. A closed corporation is taxed like a typical corporation and has limited liabilities.
A s corporation is a type of corporation where shares are held by few people. S corporations are taxed like a partnership- they are taxed once.
A non profit corporation is set up for purposes other than to make profit.
I hope my answer helps you
Answer:
Carter Co.'s break-even point in units was 40000 units.
Explanation:
Total units sold = 14000 + 56000
= 70000
Weight of ark = 14000/70000
= 0.20
weight of bins = 1 -0.20
= 0.80
weighted average contribution = (40 *0.20 ) + (20 *0.80 )
= 8+ 16
= $ 24 per unit
Break Even Point (Units) = Fixed cost /weighted average contribution
= 960,000 / 24
= 40000 units
Therefore, Carter Co.'s break-even point in units was 40000 units.
The accrual basis of accounting states that “expenses are matched with related revenues and are reported when the expense is incurred, not when cash changes hand”. Therefore, adjusting entries are required because of the matching principle in accounting.
Answer: reduce interest rates, spend on public works, spend unemployment benefits, and cut business payroll taxes for new hires.
Explanation: reducing interest rates can let banks lend more money. spending on public works can bring people right to work, to be able to hire construction workers. unemployment benefits help people get jobs and for them not to be homeless. cutting business payroll taxes for new hires will let families keep more money that they made.
