Business, 02.07.2020 23:01 LanaParrilla

Identify each of the following characteristics as being an advantage or a disadvantage of the corporate form of business or not applicable to the corporate form of business organization. 1.Separate legal entity 2.Taxable entity resulting in additional taxes 3.Continuous life 4.Unlimited liability of owners 5.Government regulation 6.Separation of ownership and management 7.Ability to acquire capital 8.Ease of transfer of ownership

Answers: 1

Show answers

Answers

Answer from: brooklyn4932

The advantages or disadvantages of the corporate form of business is illustrated below:

1. Separate legal entity - Advantage2. Taxable entity resulting in additional taxes - Disadvantage3.Continuous life - Advantage4. Unlimited liability of owners - It's not applicable.5. Government regulation - Disadvantage6. Separation of ownership and management - Advantage7. Ability to acquire capital. - Advantage8. Ease of transfer of ownership - Advantage

It should be noted that the separate legal entity is an advantage as in a corporation. The taxable entity results in additional taxes and is therefore, a disadvantage.

Continuous life is an advantage for the company. Unlimited liability of owners. It is not applicable. Government regulation refers to a disadvantage.

Read related link on:

link

Answer from: torres34038

Answer and Explanation:

The classification of the advantage or disadvantage is as follows

1.Separate legal entity. It is an advantage as in corporation, there is a separate legal entity because it is an artificial person who can be identified by its common seal

2.Taxable entity resulting in additional taxes. It is a disadvantage. As if the company pays more taxes so it reduced the income of the company

3.Continuous life. It is an advantage for the company. As it remains alive whether its members go or not but the company runs forever that represents the unique attribute

4.Unlimited liability of owners. It is not applicable. as if the company is unable to pay its debt than the owner is personally liable for all debts not the company.

5.Government regulation. It is a disadvantage. If the government impose its regulations than the operations of the company may get affected

6.Separation of ownership and management. It is a disadvantage. As in generally, there is a separation of ownership with that of management so that the goals could be different

7.Ability to acquire capital. It is an advantage. As the company name, the owners could easily acquire the capital due to separate legal entity feature

8.Ease of transfer of ownership. It is an advantage. In the company, the transfer of ownership could be easily transferable

Answer from: Quest

drop shippers;

Answer from: Quest

answer; false pretense;

Another question on Business

Business, 22.06.2019 04:00

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Answers: 2

Answer

Business, 22.06.2019 22:00

Which of the following is the term for something that you can't live without 1. need 2. want 3. good 4. service

Answers: 1

Answer

Business, 23.06.2019 01:30

Vortex company operates a retail store with two departments. information about those departments follows. department a department b sales $ 800,000 $ 450,000 cost of goods sold 497,000 291,000 direct expenses salaries 125,000 88,000 insurance 20,000 10,000 utilities 24,000 14,000 depreciation 21,000 12,000 maintenance 7,000 5,000 the company also incurred the following indirect costs. salaries $36,000 insurance 6,000 depreciation 15,000 office expenses 50,000 indirect costs are allocated as follows: salaries on the basis of sales; insurance and depreciation on the basis of square footage; and office expenses on the basis of number of employees. additional information about the departments follows. department square footage number of employees a 28,000 75 b 12,000 50 required: 1. determine the departmental contribution to overhead and the departmental net income for department a and department b.

Answers: 2

Answer

Business, 23.06.2019 15:00

Construct an example of the cycle ofâ€‹ money, identify all the players involved and identify their individual benefits from participating in the cycle of money. in the examples of the cycle of money shownâ€‹ below, identify all the players involved and identify their individual benefits from participating in the cycle of money. exampleâ€‹ one: â€‹(select from theâ€‹ drop-down menus.) â–ľ opens a savings account â–ľ with the borrower with the original lender at a local commercial bank with aâ€‹ $200 deposit. the â–ľ original lender bank borrower loans out theâ€‹ $200 with other funds from other savings accounts to â–ľ the original lender a local businessman who is expanding his business. the local businessman pays back the loan over time with interest and the bank credits the savings account with interest. the individual withdraws money from the savings account to buy a new bike.

Answers: 1

Answer

You know the right answer?

Identify each of the following characteristics as being an advantage or a disadvantage of the corpor...

Questions