Business High School

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Which two sentences describe the characteristics of a corporation?
The company is treated as a separate tax entity by law.
The owners have to accept partial liability for debts.
It is possible to raise large amounts of capital by selling company stock.
The owners are known as corporators.

Answers

Answer 1

Answer:

I believe that it is A and C

Explanation:

Answer 2

Answer:

I believe that it is A and C

Explanation: on plato

Related Questions

A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales, Ltd. Comparative Income Statement This Year Last Year Sales $ 7,400,000 $ 5,624,000 Cost of goods sold 4,750,000 3,513,500 Gross margin 2,650,000 2,110,500 Selling and administrative expenses: Selling expenses 1,392,000 1,079,000 Administrative expenses 704,500 608,500 Total expenses 2,096,500 1,687,500 Net operating income 553,500 423,000 Interest expense 101,000 87,000 Net income before taxes $ 452,500 $ 336,000 Members of the company’s board of directors are surprised to see that net income increased by only $116,500 when sales increased by $1,776,000. Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)

Answers

Answer:

Explanation:

In a common - size income statement , the percentages are calculated using the sales value as the base figure

This Year Last year

Sales 7,400,000 100 5,624,000 100

Cost of Goods 4,750,000 64.2 3,513,500 62.5

Gross Margin 2,650,000 35.8 2,110,500 37.5

Selling Exp. 1,392,000 18.8 1,079,000 19.2

Admin. Exp. 704,500 9,5 608,500 10.8

Total Exp. 2,096,500 28.3 1,687,500 30.0

Net Op. Inc. 553,500 7.5 423,000 7.5

Interest Exp. 101,000 1.4 87,000 1.6

NIBT 452,500 6.1 336,000 6.0

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