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umka2103 [35]
3 years ago
7

Scenario:After a year of selling hats and handbags through an online store, Janet and Jose need to expand their business. Althou

gh their partnership has been successful, they believe it is time to bring other owners and shareholders into the picture. They decide to start a corporation. Use the drop-down menus to complete the statements. To begin their corporation, they must first . Now that their business has become a separate legal entity, Janet and Jose are for the company's debts. As a corporation, they can raise capital by to new shareholders.
Business
2 answers:
Leya [2.2K]3 years ago
7 0
1)To begin their corporation, they must first  ✔<span> register with the state

2) </span><span>Now that their business has become a separate legal entity, Janet and Jose are </span>✔ no longer responsible 
<span>
3) </span><span>As a corporation, they can raise capital by </span><span>sell products advertising ✔ selling stock </span><span>to new shareholders.</span>
kow [346]3 years ago
3 0

1)To begin their corporation, they must first  REGISTER WITH THE STATE.

To begin a corporation, it must be registered. Registration of a business is very important for various reasons which include; protection from personal liability; it establishes the business as a legal entity; the corporation can be protected in any case of a grievance procedure; easy access to loans and investors.

2) Now that their business has become a separate legal entity, Janet and Jose are no LONGER RESPONSIBLE FOR THE COMPANY'S DEBT.

3) As a corporation, they can raise capital by SELLING STOCK TO NEW SHAREHOLDERS.

Raising of capital becomes easier as the business is a legal entity and investors will be able to trust such business.

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Benefit corporations differ from traditional corporations in three main ways. The main purpose is to benefit the ___ , so direct
MAXImum [283]

Here are the complete sentences:

The main purpose is to benefit the PUBLIC, so the directors must consider the impacts of their decisions on society and the ENVIRONMENT. Shareholders have an additional right to private action called a DERIVATIVE SUIT, that allow them to sue the corporation for failure to pursue the purpose. Finally, benefit corporations must issue an annual BENEFIT REPORT on its performance and include a third party standard of assessment.

Explanation:

A Benefit corporation refers to a type of corporation that is established to create value for both the society and the environment in which it is located. Although, one of the goal of the company is to make profits, it differs from a traditional corporation because, it is main purpose it to add value and provide benefits for those that are connected to it.

Thus, the major purpose of a benefit corporation is to add values to the public and the environment. In order to ensure that this goal is kept in view, the corporation has to publish benefit report every year, in order to show their performance and their adherence to the company goals. The report must be endorsed by a third party in order to show that its contents are true and accurate.  

Learn more about corporation on: brainly.com/question/12293968.

#learnwithBrainly.

6 0
3 years ago
Read 2 more answers
Why is does school last so long?
shusha [124]
WE need School to be smart, if without school, no one would be able to become great people, look at the actors, famous people, where did they start off at??
Of course, school!!
another thing:
why does it last so long like 7 hours?
well, simple:
what would you do without school at home? i doubt you would be doing school work, or something related. 
you'd watch TV, games, etc. 
TO keep our minds concentrated on our life of educating, we keep working our brains out in school. 
Hope this helped !=)
7 0
4 years ago
Read 2 more answers
Guns R Us overstated its ending inventory in the current year by $5,000. The company incorrectly reported $100,000 of net income
soldi70 [24.7K]

Answer:

B. Cost of goods sold will be too low by $5,000.

Explanation:

Overstatement in closing inventory has two effects. First in income statement, that the cost of goods sold is decreased by the same amount that is overstated. Second is overstatement of Inventory value in the asset section of balance sheet. According to the given scenario The effect of this event should be as cost of goods sold will be too low by $5,000.

4 0
4 years ago
_____ leadership seeks information, opinions, and preferences, sometimes to the point of meeting with the group, leading discuss
never [62]
The democratic style of leadership seeks information, opinions, and preferences, sometimes to the point of meeting with the group, leading discussions, and using consensus <span>or majority vote to make the final choice.</span>
4 0
3 years ago
Which of the following statements is true?a. A country cannot have comparative advantage in producing a certain item if it incur
ss7ja [257]

Answer:

. All countries can gain from trade if they all specialize in production according to comparative advantage

Explanation:

Comparative advantage is when a country produces a product at a lower opportunity cost when compared with its trading partners.

Absolute advantage is when a country produces more quantities of goods and services than its trading partners.

A country can still have comparative advantage in production if opportunity cost is increasing once it's opportunity cost doesn't become greater than that of its trading partners.

A country can have comparative advantage without having absolute advantage.

I hope my answer helps you.

4 0
3 years ago
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