advantage of corporations relative to partnerships and sole proprietorships

Question # 00018561 Posted By: jia_andy Updated on: 06/27/2014 07:52 AM Due on: 07/31/2014
Subject Marketing Topic Marketing Tutorials:
Question
Dot Image

1) Which of the following is an advantage of corporations relative to partnerships and sole proprietorships?

Reduced legal liability for investors.

Lower taxes.

Most common form of organization.

Managers

2) The group of users of accounting information charged with achieving the goals of the business is its

creditors.

auditors.

investors.

managers

28) Seasons Manufacturing manufactures a product with a unit variable cost of $100 and a unit sales price of $176. Fixed manufacturing costs were $480,000 when 10,000 units were produced and sold. The company has a one-time opportunity to sell an additional 1,000 units at $140 each in a foreign market which would not affect its present sales. If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows:

Income would increase by $40,000.

Income would decrease by $8,000.

Income would increase by $8,000.

Income would increase by $140,000.

29)Carter, Inc. can make 100 units of a necessary component part with the following costs:?

Direct Materials

$120,000

Direct Labor

20,000

Variable Overhead

60,000

Fixed Overhead

40,000

If Carter can purchase the component externally for $220,000 and only $10,000 of the fixed costs can be avoided, what is the correct make-or-buy decision?

Buy and save $30,000

Buy and save $10,000

Make and save $30,000

Make and save $10,000

30) A company has a process that results in 15,000 pounds of Product A that can be sold for $16 per pound. An alternative would be to process Product A further at a cost of $200,000 and then sell it for $28 per pound. Should management sell Product A now or should Product A be processed further and then sold? What is the effect of the action?

Process further, the company will be better off by $20,000.

Process further, the company will be better off by $180,000.

Sell now, the company will be better off by $200,000.

Sell now, the company will be better off by $20,000.

Dot Image
Tutorials for this Question
  1. Tutorial # 00018013 Posted By: jia_andy Posted on: 06/27/2014 07:53 AM
    Puchased By: 3
    Tutorial Preview
    by $40,000. Income would decrease by $8,000. Income would increase by $8,000. Income ...
    Attachments
    Solution-00018013.zip (71 KB)
    Recent Feedback
    Rated By Feedback Comments Rated On
    Ch...j02 Rating Gives best advice and strategies 11/12/2014

Great! We have found the solution of this question!

Whatsapp Lisa