What do business owners consider when they select a business ownership structure?

Exercise 12-7 Shown below are comparative balance sheets for Flint Corporation. Flint Corporation Comparative Balance Sheets Dec

lubasha [3.4K]

Answer:

Greg ....... and also bob lol

8 0

3 years ago

SWOT analysis is a method of determining external strengths and weaknesses and internal opportunities and threats. True False

Kamila [148]

Answer:

False

Explanation:

SWOT analysis is a method of determining external strengths and weaknesses and internal opportunities and threats is a FALSE statement. SWOT analysis means

Strength

Weakness

Opportunities

Threat

Strength and weaknesses are the internal factors not external ones, strength and weakness comes from inside of the organisation. Any organisation capability to serve the customers well, having red hot selling products, creative employees can be its strength. If these elements are not performing well, they can become the weakness as well, therefore, SW is related with the internal environment of the organisation.

In the same way, opportunities and threats are posed by the outside environment, they are not internal elements and factors. Political, social, technological and legal environment can create both treat as well new and exciting opportunities for the organization.

3 0

3 years ago

A taxpayer must receive voting common stock to be eligible for deferral in a Section 351 exchange. True False

hodyreva [135]

Answer:

True

Explanation:

Section 351 (a) establishes that no gain or loss should be recognized when property is transferred to a corporation:

in exchange of stock in that corporation (might receive common stock or share class stocks)
as soon as the exchange is complete, the new stockholder must be in control of the corporation.

Not all common stocks have the same voting rights, that is why they are divided into share classes which assign separate voting rights or powers. Section 351 does not include preferred stocks.

3 0

3 years ago

Annual production and sales level of Product A1 is 9,280 units, and the annual production and sales level of Product B2 is 23,11

xxTIMURxx [149]

Answer:

Overhead per unit of Product B2 = $4.46

Explanation:

We know,

Allocation overhead to product line under A B C costing = Total overhead cost of specific product line/total number of products sold.

For each activity, the allocated overhead cost to product B2 = Total budgeted cost × [Product B2/(Product A1 + Product B2 of that activity)]

Activity 1 allocated to Product B2 line: $56,000 × 5,600/7,600 = $41,263

Activity 2 allocated to Product B2 line: $71,000 × 5,560/8,600 = $45,902

Activity 3 allocated to Product B2 line: $96,000 × 1,600/9,600 = $16,000

Total overhead allocated to Product B2 = $103,165

Overhead per unit of Product B2: $103,165/23,110 = $4.46

5 0

3 years ago

An engineer places $7,000 at the end of every year into a retirement account for 22 years. If the account into which the savings

castortr0y [4]

Answer:

$440,113.37

Explanation:

Since the engineer is placing $7,000 at the end of every year for the 22 years, therefore the amount which will be saved by him at the end of 22 years shall be determined through the future value of annuity formula which is given as follows:

Amount after 22 years=R[((1+i)^n-1)/i]

In the given question

R=amount saved by engineer per year=$7,000

i=interest rate involved=9%

n=number of payment to be made=22

Amount after 22 years=7,000[((1+9%)^22-1)/9%]

=$440,113.37

3 0

3 years ago