The best example of a factor that indicates the success of a corporation is its projected earnings. The earnings play a major role in characterizing a successful company. If earnings are stable, has positive growth, and reflects quality, then the corporation is successful.
There are different kinds of business. It is generally harder to transfer one's ownership interest in a partnership than in a corporation is a True statement.
<h3>Why is it harder to transfer one's ownership interest in a partnership?</h3>
Partnerships and proprietorships are known to have a tax advantage when compared to corporations. It is therefore harder to transfer one's ownership interest in a partnership than that of an corporation.
Ownership in a corporation is said to be usually transferred through the sale of stock. A change in ownership is known to not affect the presence of the corporation.
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Answer:
Financial advantage of accepting supplier's offer = $21,000
Explanation:
Relevant costs saved by outsourcing production:
Direct materials $3.70
Direct labor $12.00
Variable manufacturing overhead $2.30
Fixed manufacturing overhead $9.00 * 1/3 = $3
Total cost per part $21.00
Total savings per year = $21 * 29,000 = $609,000
Additional rental income = $79,000
Total = $688,000
Cost of purchasing 29,000 parts = $23 * 29,000 = $667,000
Financial advantage of accepting supplier's offer = $21,000
Answer:
E. $330 credit to allowance for doubtful accounts
Explanation:
With regards to the above, the adjusting entry on December 31st is computed as;
= [($15,000 - $1,500)× 0.1)]
= $135
1% of the balance less than 30days
= $1,500 × 0.1 = $150
Total = $45 + $135 + $150 = $330
