Answer:
Corporations
Corporations. A corporation is considered by law to be a unique entity, separate from those who own it. A corporation can be taxed, sued and enter into contractual agreements. The corporation has a life of its own and does not dissolve when ownership changes.
Explanation:
corporation
Unlike a sole proprietorship or general partnership, a corporation is a separate legal entity, separate and distinct from its owners. It can be created for a limited duration, or it can have perpetual existence
Answer:
Their cost of units completed for direct materials is $1,52,000.
Explanation:
Cost of units completed for direct materials
= Units completed and transferred *Direct material EUP cost
= 38,000 *$4.00
= $1,52,000
Therefore, Their cost of units completed for direct materials is $1,52,000.
Answer: Please refer to Explanation
Explanation:
1. Embargoes and sanctions
When a trade embargo or sanctions are in play, depending on the strength of the nation or International organisation that imposed it, countries are not allowed to trade with the country that is under an embargo. Sometimes the trade embargo can be on all products and sometimes just specific sectors are targeted. An example is the current United States embargo on Venezuela which targets their oil sector and as such most countries are avoiding buying Venezuelan oil.
2. Tariffs
This is a method of reducing the amount of a certain good imported from outside. Tariffs are usually introduced to protect the domestic producers and supplier in an economy and work by taxing imports or placing a customs duty on them. They are usually imposed when the imports are cheaper than domestic Production.
3. Import Quota
Another way to protect the domestic economy. In this scenario, a country allows the import of a certain good only up to an extent for a period which is usually a year. For instance, the United States in this scenario could say that in 2020 only 500 megatons of Aluminum are allowed into the country from China. After that, no more is allowed until 2021.
4. Tariff.
This is a Tariff and as earlier explained, is meant to protect the domestic producers by taxing imports that are cheaper.
5. Import Quota.
This is clearly an import Quota as earlier described because the country is limiting the amount of a certain good that can come into it.
6. Embargoes and Sanctions.
This is a clear example of an embargo. The United States is limiting the amount of goods exported to North Korea because they are under sanctions and embargoes. The United States and Western nations do not want to export anything to North Korea that could aid it's Nuclear Industry so it is a targeted embargo on their nuclear industry.
Answer: I) provides extra protection to bondholders as both an early warning system and perhaps some collateral cash
II) ) provides an option to the firm to buy bonds at the lower of market or face value.
Explanation:
A sinking fund is typically an amount of money that is being set aside by a company in order to either pay a bind or pay off a particular debt that the company has incurred.
The effect of the sinking bond on bondholders is that it provides extra protection to bondholders as both an early warning system and perhaps some collateral cash and tabt is also provides an option to the firm to buy bonds at the lower of market or face value.
Therefore, option I and II are correct.
