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kirill115 [55]
3 years ago
6

Chip and Charlie own a local pizza shop. The pizza was the talk of the neighborhood. When

Business
1 answer:
Sliva [168]3 years ago
8 0

The form of private corporation that Chips and Charlie chose is the S corporation.

An s corporation is a type of privately held corporation that elects to pass its corporate earnings through its shareholders for the purposes of federal tax. This allows a s-corporation to be taxed only once. The company does not pay federal income tax.

In order for a corporation to be classified as a s corporation, it must meet several requirements set forth by the Internal Revenue Service. Some of these requirements include:

  1. Shareholders must not exceed 100.
  2. The corporation should be incorporated in the United States.
  3. The corporation must have only one type of shares.

To learn more about s corporation, please check: brainly.com/question/16128695?referrer=searchResults

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Pandora invested in the Box Mutual Fund by purchasing 1,000 shares on November 9, Year 1. On the first day of every month, the B
mario62 [17]

Answer:

Pandora

Box Fund shares qualifying for the long-term holding period:

Total shares qualifying = 1,010

This is made up of:

Initial shares bought on Nov. 9 = 1,000

Reinvested shares on Dec. 1              5

Reinvested shares on Jan. 1               5

The remaining 55 (1,065 - 1,010) shares qualify for short-term holding periods as they lasted less than one year.

Explanation:

A long-term holding period is one year or more with no expiration. This implies that investment, including dividends paid into the account, that has a holding of less than one year will be a short-term hold.

The holding period of an investment is used to determine the taxing of capital gains or losses.

5 0
3 years ago
Efficiency means everyone in the economy should receive an equal share of the goods and services produced.
Rudiy27

Answer:

true

Explanation:

i agree thats equal rights

i think

7 0
2 years ago
Which of the following is true of packaging and labeling?a) An advantage of packaging is the low cost required for the process.b
julsineya [31]

Answer: Option B

Explanation: Packaging is the process of protecting the product so that its distribution and sales could be done easily and effectively. Apart from protection, the packaging of a product enhances its value and give it distinct feature over other product.

Labeling refers to the process of describing something using a word, phrase or sometimes even a picture.

Both packaging and labeling gives an identity to the product. It gives the idea to the customer of the company making such product, this further results in brand loyalty from the customers, thus, a stronger customer base.

From the above we can conclude that the correct option is B.

 

4 0
3 years ago
In bramble, Inc., the Assembly Department started 30,000 units and completed 35,000 units. If beginning work in process was 15,0
natka813 [3]

Answer:

Option (d) is correct.

Explanation:

Given that,

Beginning work in process = 15,000 units

Assembly Department started = 30,000 units

Units completed = 35,000 units

Ending work in process:

= Beginning work in process inventory + Additions during the year -  Units completed and transferred out

= 15,000 + 30,000 - 35,000

= 10,000 units

Therefore, the ending work in process is 10,000 units.

8 0
3 years ago
Complete this analogy: The computer is to hardware as a productivity program is to _____.
nikitadnepr [17]

Answer:

3. Software

Explanation:

7 0
3 years ago
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