3 years ago

What is the major difference between corporations and other kinds businesses?

2 answers:

6 0

Answer:

A corporation is a separate entity apart from that of the owners. A corporation is not responsible for its debts if it fails. A corporation is much larger than other kinds of businesses.

Explanation:

svetlana [45]3 years ago

3 0

A corporation has a separate legal entity apart from that of the owners and workers.

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4 years ago

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Last year, Cayman Corporation had sales of $7,000,000, total variable costs of $3,000,000, and total fixed costs of $1,500,000.

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Answer:

b. 13.9%

Explanation:

sales 7,000,000

variable cost (3,000,000)

contribution 4,000,000

fixed cost (1,500,000)

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tax expense (707,000)

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contribution margin 4,000,000 / 7,000,000 = 4/7

if sales increase by 7%:

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income after increase in sales: 1,313,000 + 182,000 = 1,495,000

increase in earnings: 1,495,000 / 1,313,000 - 1 = 0.138613861 = 13.9%

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3 years ago

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3 years ago

Under the Investment Advisers Act of 1940, a person would have to register as an investment adviser if she gave investment advic

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4 years ago