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ELEN [110]
3 years ago
15

Doug Datner had an eclectic background. He completed his law degree from the University of Virginia, then went to work for a tec

hnology start-up in Dubai. After the start-up was purchased by a larger corporation, affording Doug a hefty sum of money, Doug and his spouse returned to the United States. While working with an architect and a designer to build their dream home, they realized that there was not a provider of high-quality custom-made door and window hardware at a reasonable price point in the United States. Even though Doug had no experience in the field, he decided to start a business manufacturing high-quality custom-made door and window hardware. He named the company Hardware House Doug and his wife cleared space in their newly constructed garage, designed several basic prototypes, and hired a metalwork expert to replicate their prototypes. They decided to have a few designs in catalog as one component of their business, but have the capability to alter those designs to provide designers with custom hardware. The first few years were tough. Business was steady enough to hire a second metalwork expert, but cash flow challenges often made Doug worry whether he would be able to pay his metalwork experts on time. Still, the Hardware House had gained a number of consistent clients, and was able to move into an old warehouse space and expand operations. Ten years later, Hardware House has nearly 100 employees. While the majority of the employees work in manufacturing, there are also employees in marketing, design, accounting, and human resources. Doug structured the business to limit his liability in case of lawsuit, but still managed to maintain the business without sharing ownership.
Which of the following is an advantage Doug should expect by sharing ownership with others?
a. Gaining access to all of the distribution of profits.
b. Access to additional knowledge and expertise.
c. Additional freedom from government regulation.
d. Enhanced control to make decisions immediately
e. Greater degree of secrecy
Business
1 answer:
const2013 [10]3 years ago
3 0

Answer: b. Access to additional knowledge and expertise.

Explanation:

One of the advantages of opening a limited company be it private or public, is the additional knowledge that the other shareholders would bring on board.

In the case of a private company, the new shareholders would be from various backgrounds and would have knowledge on how to grow the business and in the case of a public company, the Board of Directors are usually drawn from various industries and so will put their experience from those industries into the company thereby giving it an edge.

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The viability of insurance products sold to businesses
Alekssandra [29.7K]
<span>Your question is not clear enough. Anyway the viability of insurance products is a very important thing. It used to protect your business if you are focused on manufacturing specific products. If something goes wrong it's a good thing.</span>
4 0
3 years ago
Windmill Corporation,a Dutch corporation,is owned by the following unrelated persons: 50 percent by a U.S.corporation,5 percent
sveticcg [70]

Answer: Windmill is not a CFC and none of the shareholders will have a deemed dividend under subpart F.

Explanation:

Subpart F income include insurance income, illegal bribes, foreign base company income, international boycott factor income, etc.

It should be noted that Windmill isn't a controlled foreign corporation that is the company isn't a corporate entity which is duly registered and then conducts business in another country that's different from its home country. Therefore, none of the shareholders will have a deemed dividend under subpart F.

4 0
3 years ago
Athleisure, Inc. sells athletic gear by sending customers a catalog nine times a year. The company has no retail stores or websi
Ymorist [56]

Answer:

Telemarketing

Explanation:

Telemarketing involves the use of telecommunications devices like telephone, internet, and fax to market commodities to potential buyers. Telemarketers are the ones that usually do the marketing of the goods and services, but it now more of automated telephone calls or robocalls.

The advantages of telemarketing is that it saves time and cost, and it is also convenient. However, it has a major demerit which is the fact that allow of scams and fraud are now being committed through it.

I wish you the best.

5 0
3 years ago
Which trends are reshaping
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I think Identify the different engineering activities/steps in the engineering design process for each steps,summarize in 1–3 sentences what happens during the step?
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3 years ago
Greer Company developed the following data for the current year:
bixtya [17]

Answer:

option (C) is correct.

Explanation:

Given that,

Beginning work in process inventory: $102,000

Direct materials used: 156,000

Actual overhead: 132,000

Overhead applied: 138,000

Cost of goods manufactured: 675,000

Total manufacturing costs: 642,000

Company's direct labor cost for the year:

= Total manufacturing costs - Overhead cost - Direct materials cost

= Total manufacturing costs - Overhead applied - Direct materials used

= $642,000 - $138,000 - $156,000

= $348,000

5 0
3 years ago
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