Answer:
Bonus liability = 7% x $3,500,000
Bonus liability = $245,000
Explanation:
Since the pre-bonus net income is $3,500,000 and the bonus is 7% of the pre-bonus net income, then, the estimated bonus liability is 7% x $3,500,000 = $245,000.
The customers that help the profitability and growth of an organization are those that purchase products consistently. You must sell a product to have a profit. Those customers who are serious about their health and purchase products to improve their health help companies remain profitable. When you use up a product, you have to buy more. This is repeat business and helps the company maintain profitability.
Answer:
C) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.
Explanation:
There is no avoidance to double taxation under corporate form, as company's pays tax on net income earned, and then if there is any distribution of income to shareholders, the shareholders are charged individually.
There is no such ease in transfer of share whether in corporate form or partnership form.
There is an indefinite liability in case of insolvency of sole proprietorship on the sole proprietor, as he is the only person in ownership of such shares.
No, voting rights in a corporate form are dependent on number of shares held.
Therefore, the correct statement is:
C) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.
Answer and Explanation:
The matching is given below:
1. Historical cost: Historical cost is the cost that should be shown in the balance sheet. It is known as the real cost or original cost
hence, the correct option is C
2. Current cost: The current cost is the cost that should be incurred for the acquisition of an asset
Therefore the correct option is A
3. Net realizable value: The net realizable value is the value that could be determined by deducting any direct cost from the sale value also it would be use for pay off the liabilities
Therefore the correct option is D
4. Present value of future cash flows: The present value would be discounted at the particular rate of the market
Therefore the correct option is E.
5. Current market price: The amount of money that would be received when the asset is sold
Hence, the correct option is B.
Answer: E. Projectized
Explanation:
Projectized organization is a type of organization in which the project manager is backed up to make decisions that as to do with the project. In such an organization the project manger is at the top rank and every other person in the organization reports directly to the project manager especially when it as to do with a project. Based on the capacity the project manager holds, he can assign or allocate priorities, direct work and resources for a project.
