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4 years ago

Whoever answers gets brainlist!

Business

1 answer:

Anika [276]4 years ago

7 0

Answer:

false

Explanation:

S corporation form of business ownership is one type of corporation. It is a corporation whose shareholders have elected to become an S corporation. The formation of this form of business structure is not easy. First, a corporation is formed as per the requirements of the laws. Some requirements include drafting of articles and memorandum of association, appointing directors, and registering the corporation.

The shareholder can then apply to be an S incorporation if they meet the requirement. Some of them are

1. Should not have more than 100 shareholders

2. Shareholders should be individual or some exempt entities.

3. Have one class of stock

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Archway Architects, Inc., makes travel arrangements online and stores the confirming documents and receipts on its servers. Unde

Delvig [45]

Answer:

The correct answer is D that it is a record.

Explanation:

Record is the term which is described as keeping a track of the items which is necessary for the business by recording them and can be use a proof if something wrong happen in the business.

So, keeping the documents as well as the receipts on the servers, under the UETA, information which is inscribed, stored in any form is a record.

3 0

3 years ago

One of your customers has just made a purchase in the amount of $23,200. You have agreed to payments of $445 per month and will

Alja [10]

Answer:

85.43 months

Explanation:

Purchase = $23,200

Payment per month = $445

Interest rate = 1.26%

Therefore the solution is:

$23,200 = $445[(1 − 1/1.0126^t) / .0126]

t = 85.43 months

3 0

3 years ago

Find the lump sum deposited today that will yield the same total amount as this yearly payment (made at the end of each year for

Oduvanchick [21]

Answer:

$129,108.10

Explanation:

Missing word <em>"$9500 at 4%"</em>

<em />

Present Value of the amount to be deposited P = ?

Annual Year end payment A = $9,500

Rate of interest r = 4% compounded annually

Period of payment n = 20 years

P = A * [1- (1/(1+r)^n)] / r

P = $9500 * [1 - (1/(1+0.04)^20)] / 0.04

P = $9500 * [1-(1/(1.04)^20)] / 0.04

P = $9500 * [1 - (1/2.191123143)] / 0.04

P = $9500 [1 - 0.45638695] / 0.04

P = $9500 * 0.5436131 / 0.04

P = $9500 * 13.590326

P = $129,108.1003

P = $129,108.10

So, the lump sum deposited today is $129,108.10.

6 0

3 years ago

A genetic predisposition means that you will definitely be born with a certain gene. True False

Tomtit [17]

B. False hope it helps

4 0

3 years ago

Read 2 more answers

On November 1, Bahama National Bank lends $4 million and accepts a six-month, 6% note receivable. Interest is due at maturity. R

UkoKoshka [18]

Answer:

11/01

Dr Notes Receivable 4,000,000

Cr Cash4,000,000

12/31

Dr Interest receivable 40,000

Cr Interest revenue 40,000

Explanation:

Preparation of the journal entry to Record the acceptance of the note and the appropriate adjustmentfor interest revenue at December 31, the end of the reporting period.

11/01

Dr Notes Receivable 4,000,000

Cr Cash 4,000,000

12/31

Dr Interest receivable40,000

Cr Interest revenue 40,000

Calculation for Interest Revenue using this formula

Interest Revenue =Face Amount *Interest Rate *Time Period

Let plug in the formula

Interest Revenue= 4,000,000 x .06 x 2/12

Interest Revenue = 40,000

4 0

3 years ago