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3 years ago

What benefit dose a corporation have that a partnership and sole proprietorship do not

Business

1 answer:

andrezito [222]3 years ago

3 0

Answer:

An unlimited life spam

Explanation:

If your firm has an existence independent, it will continue to exist indefinitely unless it is legally disbanded. Limited liability prevents you from being held personally liable for their company's obligations or legal judgements. Shareholders were protected from legal responsibilities and debts by corporate entities.

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The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August 20Y9:

Marizza181 [45]

Answer:

Adjusted bank account balance = Adjusted cash book balance = $34,500

Explanation:

Note: The correct requirement of this question is actually as follows:

Prepare a bank reconciliation.

It is not the ones erroneously stated in the question.

The bank reconciliation can now be prepared as follows:

Wolfpack Bread Inc.

Bank Reconciliation

August 31, 20Y9

Statement of Adjusted Bank Account Balance

Details Amount ($)

Cash balance according to bank statement 33,580

Add:

Deposit in transit, not recorded by bank 14,260

Less:

Checks outstanding (13,340)

Adjusted bank account balance  34,500 

Statement of Adjusted Cash Book Balance

Details Amount ($)

Cash balance according to Wolfpack 34,437

Add:

Check error ($762 - $276) 486

Less:

Bank service charges (144)

Other reconciling items (w.1) (279)

Adjusted cash book balance 34,500

Working:

w.1: Other reconciling items = Cash balance according to Wolfpack + Check error ($762 - $276) - Bank service charges - Adjusted bank account balance = $34,437 + 486 - 144 - $34,500 = $279

7 0

2 years ago

When a person is unable to make a decision because they have no way to process and weigh the risks and rewards in front of them,

lesya [120]

The answer is Analysis Paralysis.

8 0

3 years ago

Read 2 more answers

At an activity level of 6,900 units in a month, Zeus Corporation's total variable maintenance and repair cost is $408,756, and i

Oliga [24]

Answer:

Total cost= $650,857

Explanation:

Giving the following information:

At an activity level of 6,900 units in a month, Zeus Corporation's total variable maintenance and repair cost is $408,756, and its total fixed maintenance and repair cost is $230,253.

We need to calculate the total cost of 7,100 units. Because it is between the relevant range, fixed costs will remain the same. We need to determine the unitary variable cost.

Unitary variable cost= total variable cost/ unit

Unitary variable cost= 408,756/6,900= $59.24

Total cost= 59.24*7,100 + 230,253= $650,857

6 0

3 years ago

The most important and volatile component of the current account in the U.S. balance of payments is:

astraxan [27]

Answer: net exports

Explanation:

Balance of payment simply shows the estimation of the inflows and outflow of a nation's money for a certain year. It should be noted that current account of the balance of payment consists of three main components which are the trade in Goods, the trade in services, and the transfer payments.

The trade in goods is segregated into imports and export. This therefore makes the net exports volatile and vital because it has higher share in a current account.

3 0

3 years ago

A condensed income statement by product line for Healthy Beverage Inc. indicated the following for Fruit Cola for the past year:

uranmaximum [27]

Answer:

Explanation:

the fruit cola should be discontinued as it has decreased the net income by$1275000

check the attached file bellow for further explanation

8 0

2 years ago