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Varvara68 [4.7K]
3 years ago
12

Sanjay has three children and is starting a new company. He is looking down the road to a future time when his children are grow

n and could take over the business. Given his future wishes, what question is most important for him to consider when establishing his new business
Business
1 answer:
Katen [24]3 years ago
4 0

Answer:

what is the best business structure for continuity and transferability

Explanation:

Sanjay is looking towards beginning a new company. His plans are for his children to take over the company when they are adults in the future.

The most important question he has to consider in this establishment, is one whose answer can provide with the best business entity/structure that would still stand in the future and whose ownership can be handed over to his children In the future.

You might be interested in
upino Products provides the foundational data for this problem given that the unit product costs at a normal level of 5,000 unit
serg [7]

Answer:

Available for advertizing campaing 480,000

Explanation:

First we calculate the current operating income:

sales price less all uniit operating cost

90 - 35 - 12 - 8 - 5 - 15 - 8 = 7

$7 x 60,000 units =  $420,000 operating income

Now we calculate the new contribution margin and operating income

materials + labor + variable overhead + variable sale = total variable

35 + 12 + 8 + 15 = 70

new contribution margin per unit

98 - 70 = 28

sales 60,000 units less 10% = 54,000 units

<em>contribution margin </em>

28 x 54,000 =                      1,512,000

Fixed overhead                    300,000

Fixed selling and adming  <u>   480,000    </u>

operating income                  732,000

<u>Potential contribution from additional sales:</u>

6,000 units x $28   =              168,000

<u>Less: before raising income</u> (420,000)

Available for advertizing campaing 480,000

3 0
3 years ago
Read 2 more answers
What are the three main characteristics of most of the 1 billion malnourished people in the world?
Margarita [4]
Little power, little money, are women or children
3 0
3 years ago
Knight Company reports the following costs and expenses in May.Factory utilities $17,000 Direct labor $73,700 Depreciation on fa
Nadya [2.5K]

Answer:

MOH= $176800

Product costs= $215400

Period costs= 75310

Explanation:

- Manufacturing overhead refers to indirect factory-related costs that are incurred when a product is manufactured.

- Period costs are not directly tied to the production process.

- Product costs are the direct costs involved in producing a product.

Giving the following information:

Factory utilities $17,000

Direct labor $73,700

Depreciation on factory equipment 13,150

Sales salaries 49,900

Depreciation on delivery trucks 4,300

Property taxes on factory building 3,300

Indirect factory labor 50,300

Repairs to office equipment 2,000

Indirect materials 82,400

Factory repairs 2,450

Direct materials used 141,700

Advertising 15,600

Factory manager’s salary 8,200

Office supplies used 3,510

MOH

Factory utilities $17,000

Depreciation on factory equipment 13,150

Property taxes on factory building 3,300

Indirect factory labor 50,300

Indirect materials 82,400

Factory repairs 2,450

Factory manager’s salary 8,200

Total= $176800

Product Costs

Direct labor $73,700

Direct materials used 141,700

Total= $215400

Period Costs

Sales salaries 49,900

Depreciation on delivery trucks 4,300

Repairs to office equipment 2,000

Advertising 15,600

Office supplies used 3,510

Total= $75310

8 0
3 years ago
How do unrealized intercompany inventory profits from a prior period affect the computation of consolidated net income when the
Margaret [11]

Answer:

Please see the answer below.

Explanation:

if in the cutting-edge duration there are unrealized intercompany stock income that becomes an end result of the earlier period, earnings must be added into consolidated net income and then it has to be assigned to the shareholders who made the intercompany sale.

if the profits become because of a downstream sale, income which is assigned to the controlling interest desires to be adjusted through growing the amount of the realized income and if that is due to an end result of upstream sale, profits which is assigned to the controlling, in addition to the non-controlling interest, wishes to be adjusted by means of growing the quantity of earnings while income changed into realized.

sure, it's far very essential to understand the popularity of the sale whether or not it becomes an upstream or downstream due to the elements like whether or not earnings at the sale is adjusted for controlling and non controlling agencies and similarly, for you to as it should be assigned the consolidated internet profits to the correct shareholder

8 0
3 years ago
A plant asset was purchased on January 1 for $75,000 with an estimated salvage value of $15,000 at the end of its useful life. T
Aleksandr [31]

Answer:

Remaining Useful Life of the Asset =  7 years

so correct option is d. 7 years

Explanation:

given data

plant asset purchased = $75,000

salvage value = $15,000

Depreciation Expense = $5,000

Accumulated Depreciation = $25,000

to find out

remaining useful life of the plant asset

solution

we know that Remaining Useful Life of the Asset is express as

Remaining Useful Life of the Asset = Historical Cost ÷ Annual Depreciation Expense       ...............................1

put here value we get

Remaining Useful Life of the Asset = \frac{75000 - 25000 - 15000}{5,000}

Remaining Useful Life of the Asset = \frac{35000}{5,000}

Remaining Useful Life of the Asset =  7 years

so correct option is d. 7 years

8 0
3 years ago
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