I need help ASAP A B C OR D!!!!

Rebecca Siddoway own and operate Country Candies. Siddoway specializes in making rich, creamy toffees that she packages in attra

Black_prince [1.1K]

The advantage to Siddoway if she decides to incorporate her business is Corporations have an enhanced ability to attract financing.

A Corporations is an organization (usually a group of people or a legal entity) authorized by the State to act as a single entity and legally recognized as such for a specific purpose. Early incorporated entities were established by charter. Most jurisdictions now permit the formation of new companies by registration.

The company is managed and supervised by its directors and officers. Directors are appointed by shareholders and are responsible for the overall management and corporate governance of the company. The directors appoint officers who are responsible for the day-to-day management and operations of the company.

A Corporations company consists of shareholders, a board of directors and officers. When incorporating a company, owners and managers must be organized and given responsibilities and rights according to the rules laid down in the state corporate law.

Learn more about Corporations brainly.com/question/13551671

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7 0

1 year ago

Gilmore, Inc., had equity of $145,000 at the beginning of the year. At the end of the year, the company had total assets of $210

kkurt [141]

Answer:

a). Internal growth rate of the company=12.02%

b). Internal growth rate for beginning of period assets=14.71%

c). Internal growth rate for end of period total assets=10.16%

Explanation:

a). The internal growth rate of the company can be expressed as shown;

IGR=ROA×DR

where;

IGR=internal growth rate

ROA=return on asset=Net income/Total average assets

DR=dividend ratio=1-(dividend payment/net income)

In our case;

Return on asset=Net income/total average assets

Net income=$27,000

Total average assets=(Assets at the beginning of the year+assets at the end of the year)/2

Total average assets=(145,000+210,000)/2=$177,500

Return on asset=(27,000/177,500)×100=15.21%

Dividend ratio=1-(dividend payment/net income)=1-(5,800/27,000)

Dividend ratio=1-0.21=0.79

Internal growth rate=return on asset×dividend ratio

Internal growth rate=15.21%×0.79=12.0159%

Internal growth rate of the company=12.02%

b). Internal growth rate for beginning assets

Return on asset=Net income/total assets at the beginning of the year

Net income=$27,000

Total assets at the beginning of the year=145,000

Return on asset=(27,000/145,000)×100=18.62%

Dividend ratio=1-(dividend payment/net income)=1-(5,800/27,000)

Dividend ratio=1-0.21=0.79

Internal growth rate=return on asset×dividend ratio

Internal growth rate=18.62%×0.79=14.71%

Internal growth rate for beginning of period assets=14.71%

c). Internal growth rate for end of period total assets

Return on asset=Net income/total assets at the beginning of the year

Net income=$27,000

Total assets at the end of the year=210,000

Return on asset=(27,000/210,000)×100=12.86%

Dividend ratio=1-(dividend payment/net income)=1-(5,800/27,000)

Dividend ratio=1-0.21=0.79

Internal growth rate=return on asset×dividend ratio

Internal growth rate=12.86%×0.79=10.16%

Internal growth rate for end of period total assets=10.16%

8 0

2 years ago

Assume that you have been hired by a large international bank that is looking to develop a smartphone app to help college studen

wel

Answer:

Determining that smartphone apps and social media aps are important parts of a bank's future plans to reach young consumers. ⇒ New Product Strategy.

Tweeting out the availability of a new smartphone app that helps young professionals manage their financial lives better. ⇒ Product launch.

Inviting younger "fans" of the bank's social media sites to have a free trial of the new smartphone app. ⇒ Test marketing.

Having a Faceb-ook discussion with consumers on what they would ideally like to have from a bank smartphone app. ⇒ Idea generation.

Creating a prototype of the smartphone app. ⇒ Product development.

Using Tw-itter to ask followers what they are willing to pay for smartphone apps. ⇒ Business analysis.

Developing a social media site that allows college students to review and provide feedback on new product ideas. ⇒ Idea screening.

5 0

2 years ago

Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During

dimulka [17.4K]

Answer:

paid in capital in excess of par value = $2000

and There will be a debit to Organisation expenses for $4,700

Explanation:

given data

charter authorized = 100,000 shares

common stock = $10 par value

issued = 270 shares

payment = $4,700

solution

we know here that

Paid up value of the stock = $10 per share

and here shares issue to the attorney satisfying the organisation expenses is 270 shares

so common stock = 270 shares × $10

common stock = $2700

so paid in capital in excess of par value = $2000

and There will be a debit to Organisation expenses for $4,700

8 0

2 years ago

Required: Journal entry

lisabon 2012 [21]

Answer:

If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.

Date Account Title Debit Credit

XX-XX-XXXX Accounts Payable - Saurya Stores Rs. 39,000

Cash Rs. 39,000

7 0

2 years ago