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2 years ago

Will the business be legal and not against any existing or foreseeable government regulation

Business

1 answer:

bagirrra123 [75]2 years ago

7 0

Answer:

A business will only be legal and not against any existing or foreseeable government regulation if there are documents proving that the business is legally registered, with the type of business and other details fully disclosed by the promoters during the formation and documentation stages.

Explanation:

The main document for incorporating a company in the United States is the Articles of Incorporation. The document specifies the primary purpose of the business, its location ( and state of incorporation), and the shareholdings.

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Harrison Corporation is studying a project that would have an eight-year life and would require a $300,000 investment in equipme

zheka24 [161]

Answer:

The payback period for this project is closest to 2 years

Explanation:

Initial investment = $300,000

Sales = $500,000

Cash variable expenses = ($200,000)

Contribution margin = 300,000

Fixed cash expenses = $150,000

Depreciation expenses = $37,500

Total Fixed expenses: $150,000 + $37,500 = ($ 187,500 )

Net operating income = $112,500

Annual cash inflows = Net operating income + Depreciation

= $112,500 + $37,500

= $150,000

Payback period = Initial investment ÷ Annual cash inflows

= $300,000 ÷ $150,000 = 2 years

5 0

3 years ago

The Gorman Group issued $970,000 of 13% bonds on June 30, 2021, for $1,042,973. The bonds were dated on June 30 and mature on Ju

omeli [17]

Answer:

Entries are given below

Explanation:

Cash should be recorded as an asset on the issuance of bonds and bonds should be credited as it is a liability for the company. Interest expense should be debited on a semiannual basis

June 30, 2021 ( issuance of bonds)

DEBIT CREDIT

Cash 1,042,973

Bonds payable 970,000

Premium on bonds payable 72,973

December 31, 2021 ( interest expense)

DEBIT CREDIT

Interest Expense 62,578

(1,042,973 x 12% x 6/12)

Premium on bonds payable 472

Cash 63,050

(970,000 x 13% x 6/12)

June 30, 2022 (interest expense)

DEBIT CREDIT

Interest Expense 62,550

(1,042,973-472) x 12% x 6/12)

Premium on bonds payable 500

Cash 63,050

(970,000 x 13% x 6/12)

5 0

3 years ago

When making an attribution, dan considers how his roommate has behaved in similar situations in the past. dan is using _______ i

Gekata [30.6K]

When making an attribution, Dan considers how this roommate has behaved in similar situations in the past. Dan is using consistency information.

Information consistency refers to the same thing, being consistent, that even though something may be slightly different the outcome remains the same. In this case, Dan is assuming his roommate will make the same behavior choices as he has previously.

7 0

2 years ago

Who was the first person to designate pitches and write them down on a staff? hildegard von bingen the troubadour attila guido d

erastovalidia [21]

The answer is Guido D'Arezzo. He was the creator of the modern staff, he had used yellow and red lines to indicate pitches in the staff. In the modern era, these yellow and red lines were removed but still followed D'Arezzo's modern musical staff. Aside from the musical notation, D'Arezzo is also known for his text called "Micrologus"

4 0

2 years ago

After 1989, Donna purchased series EE savings bonds for $2,500 at the age of 25. This year she redeemed the bonds for $5,000 and

Orlov [11]

Answer:

$1,000

Explanation:

Donna purchased series of savings bond for $2,500 at the age of 25

This year Donna redeemed the bond of $5,000

She paid $3,000 as expenses for her daughter education

The first step is the calculate the interest income

= $3,000/$5,000 × $2,500

= 0.6 × $2500

= $1,500

Therefore the interest that will be required by Donna to include in her gross income this year can be calculated as follows

= $2,500-$1,500

= $1,000

Hence Donna is required to include an interest of $1,000 in her gross income this year

3 0

2 years ago