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Galina-37 [17]
3 years ago
7

one feature of a corporation is that it can continue indefinitely beyond the lives of individual managers and stockholders of th

e corporation. this is called
Business
1 answer:
Zarrin [17]3 years ago
8 0

Answer:

One feature of a corporation is that it can continue indefinitely beyond the lives of individual managers and stockholders of the corporation.  This is called perpetual life or succession.

Explanation:

Perpetual life or succession of a corporation refers to the continuation of a corporation's or other organization's existence notwithstanding the death, bankruptcy, insanity, change in membership or exit from the business of any owner or member, or any transfer of ownership.  This makes the corporation to be a safer and more stable platform for investors.  The perpetual life of the corporation also raises the chances that the investors will receive returns on their money over an indefinite period of time.

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B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The compan
Annette [7]

Answer: See explanation

Explanation:

The year-end adjusting entry to record the cost side of sales returns and allowances will be:

Dr Inventory Return estimated $3200

Cr Cost of goods sold $3200

(To record expected coat of returns)

Note that the above calculation was done as:

= $64,000 × 5%

= $64,000 × 0.05

= $3200

3 0
3 years ago
Jim has $1,000 income from his job and $200 stock dividend income this month. This month Jim has rent and utilities of $300 and
Ahat [919]

Answer:

A) $1,200

Explanation:

The cash inflow is that amount which increases the cash balance i.e cash has come whereas cash outflow is that amount which decreases the cash balance

In the given situation, the cash inflow would be

= Income generated from his job + stock dividend income

= $1,000 + $200

= $1,200

And, the cash outflow would be rent & utilities and other types of expenses which decrease the cash balance as the cash is gone

6 0
3 years ago
One example of the role of democracy in education is
erma4kov [3.2K]
I’m pretty sure the answer is C. To cultivate responsibility in our students
5 0
3 years ago
Asteria earned a $25,500 salary as an employee in 2018. How much should her employer have withheld from her paycheck for FICA ta
Pachacha [2.7K]

Answer:

The correct answer for the following question is $1951.

Explanation:

FICA is know as Federal insurance contribution act, which is a federal law, that requires employer to withhold three distinct taxes from the wages of the employee. They're  -

1) A social security tax which is 6.2%

2) Medicare tax which is 1.45%

3) Medicare surface tax of .9%, which is to be paid by a person who has income over $200,000

As the Asteria income is $25,500, she will not pay the last medicare surface tax, but she will pay both social security tax and medicare tax.

Social security tax = $25,500 x 6.2%

= $1581

Medicare tax = $25,500 x 1.45%

= $370

So the total amount withheld from her - $1581 + $370

= $1951

3 0
4 years ago
Checking a new test to be certain that it contains items that it would be expected to contain based on the relevant literature p
kozerog [31]

Answer: Content

Explanation:

The content validity is the is one of the important methodology that is use for recognize and also evaluate the given content properly. The content validity is statistically evaluate and test the assessment through the subject matter expert.

The content validity measure the knowledge in the domain of the content. According to the question, checking the new content based on the relevant literature that providing the content validity.  

 Therefore, Content validity is the correct answer.

6 0
3 years ago
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