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Leya [2.2K]
2 years ago
4

Movie Makers is a legal entity whose assets and liabilities are separate from its owners. It can receive, own, and transfer prop

erty, enter into contracts with individuals or other legal entities, and sue and be sued in court. What type of business is Movie Makers?a. proprietorshipb. corporationc. limited partnershipd. cartele. general partnership
Business
2 answers:
lara31 [8.8K]2 years ago
7 0

Answer:

The correct answer is letter "B": corporation.

Explanation:

A Corporation is a large company with particular characteristics. Corporations are known to be separate legal entities from their owners according to law. This means companies themselves are legally liable for their acts and debts, not the shareholders. Corporations may enter into contracts, prosecute and appeal, and borrow money as a single party.

denis-greek [22]2 years ago
3 0

Answer:

The answer is B. Corporation

Explanation:

A corporation reflects the definition of entity concept in accounting which tells us that a business is separated from its owners.

In addition to being sued or can sue, a company is taxed separately from its owners while the profits of a sole proprietor and partners are taxed as personal income of the business owners. Also a corporation is liable for its own debt.

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1 year ago
Assume that you are the project manager for the construction of a 15-mile road. Further, assume that the work is uniformly distr
AfilCa [17]

Answer:

$200,000

Explanation:

This involves revenue recognition based on percentage of work completed (cost to completion technique). Revenue to be recognized per time is assessed based on the level of cost incurred compared with the total cost to be incurred.

Given that the total approved budget for the project is $600,000, If at the end of the first three weeks of work, $160,000 has been spent, and five miles of road have been completed for a  a 15-mile road, the earned value of the project at the end of the first three weeks

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3 0
2 years ago
Bass Clef Music Company assigns workers to departments based on similar skills. Currently, the company has a marketing departmen
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3 0
2 years ago
Read 2 more answers
On March 11, 20XX, the existing or current (spot) one-year, two-year, three-year, and four-year zero-coupon Treasury security ra
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Answer:

Explanation:

one-year forward rate for year 2:

(1+4.75%)(1+f)=(1+4.95%)^2    

(1+4.75%)(1+f)=1.10145025

(1+F)=1.10145025/1.0475

(1+f)=1.0515

f= 5.15%

one-year forward rate for year 3 :

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(1+f)=1.0585

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(1+5.25%)^3 (1+f)=(1+5.65%)^4

(1+f)=1.0685

f= 6.85%

4 0
2 years ago
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