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SIZIF [17.4K]
3 years ago
8

There are only four legal structures to form and operate a business.TrueFalse

Business
1 answer:
coldgirl [10]3 years ago
6 0

Answer:

The above statement is false.

Explanation:

The most common legal structure of business are as follows:

Sole proprietor : It is a form of business in which a business is fully controlled by only one person. He takes all the decision himself . He has unlimited liability. His personal assets are used by the creditors to recover their money

Partnership: It is a form of business in which minimum 2 person come together to form a partnership firm. They share profit and loss as agreed between them. They have a partnership deed . Every partner have unlimited liability .

Limited liability Partnership : This form is recently introduced. This form come under the limited liability 2008. It has separate legal entity.

Corporation: A corporation has a independent legal entity, separate from its owners and has different tax calculation than other structure. The owner of the corporation has limited liability upto their share in corporation

S-Corporation: This business structure is more simple than corporation. It is more beneficial for small owners and also have some tax benefits. S Corporation can also cash accounting system rather than accural method of accounting.  

Thus, the statement is false that the legal structure of business is only four.

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A nation has an absolute advantage in the production of a good, if Group of answer choices it can produce that good at a lower o
Leona [35]

Answer: it can produce that good using fewer resources than its trading partner

Explanation:

A country has an absolute advantage in the production of a good when such country can produce the good using fewer resources than another country.

Absolute advantage can be due to the natural endowment of a country. For example, let's say Japan uses 2 hours in producing a good while Brazil uses 5 hours in producing such good. Then, it can be deduced that Japan has an absolute advantage over Brazil.

6 0
3 years ago
Julio has been newly appointed as the CEO of SmartSystems, Inc. He is still learning how various departments function in the org
kondor19780726 [428]

Answer:

"Delegative" is the right response.

Explanation:

  • Whenever a supervisor assigns one and sometimes more employees or assistants responsibility for actions and choices as well as behavior, is termed as a Delegative style.
  • These types of leaders inspire and motivate their department heads to live with the choices that even the successful leader requires.
5 0
3 years ago
Question:
Anastaziya [24]

Answer:

Part 1:

Book\  value\  per\  share\  of\ the\  preferred=\$25

Book\ value\ per\ share\ of\ the\ common\ stock=\$17.6428

Part 2:

Book\  value\  per\  share\  of\ the\  preferred=\$28

Book\ value\ per\ share\ of\ the\ common\ stock=\$16.7857

Explanation:

Part 1: (the book value per share of the preferred and common stock under No preferred dividends are in arrears)

Book value per share of the preferred :

Book\ value\  per\  share\  of\  the\  preferred=\frac{(Preferred\ Stock+Cumulative\ dividends)}{Number\ of\ shares\ of\ preferred\ stock}

In our case Cumulative dividends=0

Book\  value\  per\  share\  of\ the\  preferred=\frac{\$250000+0}{10000} \\Book\  value\  per\  share\  of\ the\  preferred=\$25

Book value per share of the common stock:Book\ value\ per\ share\ ofthecommonstock=\frac{Stockholder\ equity-Preferred\ Stock-Cumulative\ dividends}{Number\ of\ shares\ of\ preferred\ stock}In our case Cumulative dividends=0

Book\ value\ per\ share\ of\ the\ common\ stock=\frac{\$867500-\$250000-\$0}{35000} \\Book\ value\ per\ share\ of\ the\ common\ stock=\$17.6428

Part 2:

Annual Preferred Dividend=4%*$25*10,000=$10,000

Three years of preferred dividends are in arrears= 3*Annual Preferred Dividend

Three years of preferred dividends are in arrears= 3*$10000=$30,000

Formula for  the book value per share of the preferred is same as above,so we will direct calculate:

In our case Cumulative dividends=$30,000

Book value per share of the preferred :

Book\  value\  per\  share\  of\ the\  preferred=\frac{\$250000+\$30000}{10000} \\Book\  value\  per\  share\  of\ the\  preferred=\$28

Book value per share of the common stock:

Formula for  the book value per share of the common stock is same as above,so we will direct calculate:

Book\ value\ per\ share\ of\ the\ common\ stock=\frac{\$867500-\$250000-\$30000}{35000} \\Book\ value\ per\ share\ of\ the\ common\ stock=\$16.7857

4 0
3 years ago
What is one reasons why mixed economies exist?
xxTIMURxx [149]

Answer:Capitalism had too many limits

Explanation:

5 0
4 years ago
A land title search office has a staff of three, each working eight hours per day (for a total payroll cost of $480/day) and ove
miv72 [106K]
<span>Well, your costs per title have decreased from: $780/7 = $111.43 to: $1080/12 = $90 That represents a decrease in costs of almost 20%. Then. taking the change in titles processed per dollar of cost (the reciprocals of previous calculations), means that total productivity has increased by around 23.8%. Are you calculating labor productivity as including overhead? Because then the answer is 23.8%.</span>
4 0
3 years ago
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