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3 years ago

Which two sentences describe the characteristics of a corporation?

Business

1 answer:

Aleonysh [2.5K]3 years ago

6 0

Answer:

The company is treated as a separate tax entity by law.

It is possible to raise large amounts of capital by selling company stock.

Explanation:

A corporation ownership structure is considered a legal person. The law recognizes a corporation as a distinct legal entity with equal business rights like a human being. The corporation has the right to engage in business activities, acquire assets, and enter into commercial contracts. At the end of a period, a corporation is expected to file tax returns.

A corporation has the advantage when it comes to raising capital. It is allowed to offers shares to investors in exchange for capital. Investors turn to shareholders(owners) when they purchase the shares of a corporation.

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According to the Uniform Commercial Code's interpretation of an open quantity term, if the quantity term is left open in a contr

Pie

According to the Uniform Commercial Code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods courts generally have no basis for determining a remedy.

<h3>What do you mean by Uniform Commercial Code?</h3>

The uniform Commercial code states that a sale consists of the passing of title from the seller to the buyer for a price.

According to the Uniform Commercial code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods, courts have no basis for the determination of remedy.

Learn more about uniform commercial code here:

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3 0

3 years ago

Archie Co. purchased a framing machine for $45,000 on January 1, 2018. The machine is expected to have a four-year life, with a

yuradex [85]

Answer:

b. $10,000 and $25,000

Explanation:

For computing the the book value of an asset , first we have to determine the depreciation expense which is shown below"

So, under the straight-line method, the depreciation expense would be

= (Original cost - residual value) ÷ (useful life)

= ($45,000 - $5,000) ÷ (4 years)

= ($40,000) ÷ (4 years)

= $10,000

For two years, the depreciation would be

= $10,000 × 2 years

= $20,000

In this method, the depreciation is same for all the remaining useful life

Now the book value would be

= Acquired value of an asset - accumulated depreciation

= $45,000 - $20,000

= $25,000

8 0

4 years ago

In January the price of dark chocolate candy bars was $2.00, and Ajiâ€™s Chocolate Factory produced 80 pounds. In February the p

Natalija [7]

Answer:

a. Calculate the price elasticity of supply for Aji's Chocolate Factory in February

1.5 elastic

b. Calculate the price elasticity of supply for Aji's Chocolate Factory in March

1.36 elastic

c. If Aji's Factory is nearly at full capacity of production in March, what will happen to Aji's Factory price elasticity of supply in April?

If the company is producing at full capacity, then its price elasticity of supply will be perfectly inelastic even if the price increases. This is because any increase in price will not affect the quantity supplied because the company cannot increase it even if they wanted to.

Explanation:

price elasticity of supply = % change in quantity supplied / % change in price

It measures the proportional change in the quantity supplied that producers will make given a 1% change in the price of their product.

PES February = [(110 - 80)/80] / [(2.5 - 2)/2] = 0.375 / 0.25 = 1.5

PES March = [(140 - 110)/110] / [(3 - 2.5)/2.5] = 0.273 / 0.2 = 1.36

4 0

3 years ago

An acrostic poem describing the word peculiar

Oliga [24]

Hi. Is this a question, are you asking for help or????

3 0

3 years ago

Hexon Printing Company projected the following information for next year: Selling price per unit $80 Contribution margin per uni

Nonamiya [84]

Answer:

Break-even point in units= 5,500

Explanation:

Giving the following information:

Selling price per unit $80

Contribution margin per unit $40

Total fixed costs $120,000

Tax rate 40%

Desired profit= $60,000

<u>First, we need to calculate the earnings before tax:</u>

EBT= desired profit / (1 - t)

EBT= 60,000 / (1 - 0.4)

EBT= $100,000

<u>Now, the break-even point in units using the following formula:</u>

Break-even point in units= (fixed costs + EBT)/ contribution margin per unit

Break-even point in units= (120,000 + 100,000) / (80 - 40)

Break-even point in units= 5,500

5 0

3 years ago