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1 year ago

Alejandro recently established a maintenance company as a sole proprietorship. He

Business

1 answer:

yuradex [85]1 year ago

5 0

Answer:

Alejandro is liable for all of the damages since the owner of a sole proprietorship does not have limited liability.

Explanation:

Sole proprietorship does not have limited liability so the owner is responsible for everything. Also I just took the quiz.

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Starling Company purchased machinery at the beginning of Year 1 at a cost of $86,100. The machinery has an estimated life of fiv

Alja [10]

Answer: $10,906

Explanation:

Given that,

Purchased machinery at the beginning of Year 1 = $86,100

machinery has an estimated life of five years,

Estimated residual value = $4,305

Accumulated depreciation = $49,077 at the end of Year 2

Year 3 Depreciation expense:

= $\frac{Cost\ of\ machinery - Estimated\ residual\ value - Accumulated\ depreciation}{3}$

= $\frac{86,100 - 4,305 - 49,077}{3}$

= $10,906

5 0

2 years ago

Country Breads uses specialized ovens to bake its bread. One oven costs $249,000 and lasts about 15 years before it needs to be

Svetradugi [14.3K]

Answer:

The equivalent annual cost of an oven is $(A) -$74.839.43$

Explanation:

Known Data

Operating cost= $OC=\$34,300$ , $n=15, VP=\$249,000$ and $i=14\%$

Computing total cost per year

We are going to use the formula below with the known data.

$A=\frac{VP}{\frac{1-(1+i)^{-n}}{i} } =\frac{249000}{\frac{1-(1+0.14)^{-15}}{0.14} }=40539.43$ . Then this is the fixed amortization cost per year.

Finally, we sum the fixed amortization cost per year and the operating cost:

Total cost per year= $TCPY=A+OC=\$40,539.43+\$34,300=\$74,839.43$ , therefore the answer is $(A) -$74.839.43$

3 0

2 years ago

Larry Nelson holds 1,000 shares of General Electric common stock. The annual shareholders meeting is being held soon, but as a m

Lisa [10]

Answer:

Larry must have signed a PROXY AGREEMENT that gives the management group control over his shares.

A proxy agreement is generally used for stockholders voting procedures, they basically grant another person the right to vote on behalf of another stockholder.

Larry's current investment in the company is $86,000.

= 2,000 stocks x $43 = $86,000

If the company issues new shares and Larry makes no additional purchase, Larry's investment will be worth $82,560.

company's new market value = (20,000 x $43) + (5,000 x $34.40) = $1,032,000

new stock price = $1,032,000 / 25,000 stocks = $41.28

= $41.28 x 2,000 = $82,560

This scenario is an example of STOCK DILUTION.

The stock price will lower because the increase in the company's value is less than proportional to the increase in the number of stocks.

Larry could be protected if the firm's corporate charter includes a PREEMPTIVE provision.

Preemptive rights give current stockholders the right to purchase more stocks (in case the company issues more stocks) before any outside investors.

If Larry exercises the provisions in the corporate charter to protect his stake, his investment value in the firm will become $103,200.

= [(5,000 / 10) x $34.40] + $86,000 = $17,200 + $86,000 = $103,200

5 0

2 years ago

________ is the movement to protect the valid interests of consumers and is a major force in small business today.

andre [41]

Consumer protection is the movement to protect the valid interests of consumers and is a major force in small business today

7 0

2 years ago

Which of the following is NOT a type of mistake in contract law?

faltersainse [42]

What are the possible answers

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2 years ago