characteristics of close corporation​

Answers

Answer 1

Features of a close corporation​:-

Designed for a small, cohesive organization.Confined to no greater than 30 shareholders.Organization can not emerge as publicly traded.Removes control by means of a Board of directors.Shareholders expect the duties of the directors and immediately manage the agency.

A corporation is a business enterprise—commonly a group of humans or an organization—legal through the state to behave as an unmarried entity and diagnosed as such in law for certain purposes. Early incorporated entities were hooked up by way of constitution. Maximum jurisdictions now permit the creation of latest corporations via registration.

A company is a business entity that is owned with the aid of its shareholder(s), who decide on a board of directors to oversee the business enterprise's sports. The organisation is accountable for the moves and price range of the commercial enterprise – the shareholders are not.

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Related Questions

Changes in gross domestic product result in:

Answers

Ans: Increase/ Raise the Demand for Money

Explanation: Because people will need more money to make the transactions necessary to purchase the new GDP.

Hi! Your answer is increase the demand for money

Explanation: people will need more money to make the transactions to purchase a new GDP.

Hope this helps! Have a good day! :)

Where is the majority of a city budget spent?

A. Record Keeping
B. Emergency Services
C. Employee Salaries
D. Public Safety

Answers

C. Do to know the minimum wage rising gas prices etc they need money for workers to be able to afford such things!

Employee Salaries are the majority of a city budget spent. Hence, option C is correct.

What do cities spend money on?

Education, health, and social service programs receive the lion's share of funding from state and local governments. Any reduction in police financing will almost likely result in a decline in the number of officers because salaries, pensions, and benefits account for 97% of police expenditures.

A city's budget acts as a blueprint for how resources will be collected and distributed so that citizens can receive high-quality services. The City Council has committed to a specific plan for how the funds would be used in the following year.

Local government spending is more concentrated on housing, public safety, utilities, and elementary and secondary education compared to state spending, which is more concentrated on public welfare and higher education.

Thus, option C is correct.

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Why might you receive a high text-matching score in a text-matching software report?

Answers

A high proportion could indicate a significant case of plagiarism, or it could indicate another issue: occasionally, the same document may be posted to the database more than once.

Popular text-matching programs calculate a percentage of similarity, known as a "similarity score" or "plagiarism" which measures the textual correspondence between a specific manuscript and content in the software's archives, on the Internet, and in electronic databases.

In order to avoid the time-consuming chore of reading the longer, more extensive Similarity Reports, many examiners use these straightforward data as a stand-in for plagiarism. Similarity scores, albeit seductively simple, are never sufficient to determine whether or not there has been plagiarism. In a perfect world, evaluators would always review the similarity reports. However, given the time that can be saved by relying on the scores and the continued usage of imprecise similarity score limits at some academic journals and educational institutions.

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Which of the following is not a "rule of engagement" in the classroom?

A) arriving on time
B) talking while others are C) speaking
C) eating before (not during) class
D) turning off your cell phone

Answers

Answer:

Talking while others are speaking

Explanation:

B)talking while others are

Sarah has a class assignment to debate how globalization has impacted business organizations. She will need to research both positive and negative effects of having a global economy. What are four arguments she can make about how the global economy impacts business organizations?

Answers

The four arguments that she can make about how the global economy impacts business organizations are:

It  enabled firms to specialize to increase the intensity of R&Dto bring about  innovation increase capital in their output.

What is the impact of the global economy ?

It should be noted that the global economy is very essential factor that has been able to influence the globe, however the characteristic elements that  that can be associated to the economic globalization are:

the ability to have a  cross-border flows of goods as well as  services the ability to have a  cross-border flows of capitalthe ability to have a  cross-border flows of  people.the ability to have a  cross-border flows of data the ability to have a  cross-border flows of ideas.

In conclusion, the Globalization help the people of the world especially businesses as well as  new companies  to be able to conveniently compete with old incumbents.

It should be noted that this has helped the trade sector  to  increased the number of people  that works for them accross the globe.

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April 1 2022 kelly pitney moved

Answers

On April 1st, 2014, Kelly Pitney launched her consulting firm, Kelly Consulting. The following is Kelly Consulting's balance sheet:

Cash 31 Capital Kelly Pitney Twelve Receivables 32 Drawing by Kelly Pitney 14 Materials 33 Income Table 41 Fees Paid and 15 Prepaid Rent Prepaid Insurance 16 52 Rent Expense 51 Salary Expense 53 Supplies Expense 18 Office Equipment 19 Accumulated Depreciation 21 Payable Accounts; 54 Depreciation Expense 55 Cost of Insurance 23 Unearned Fees and 22 Payable Salaries 59 Unrelated Expenses

Required: Using the chart of accounts provided by Kelly Consulting, journalize each transaction from May. (At this time, do not include the account numbers in the Post. Ref. column of the diary.) If an amount box for a compound transaction doesn't need to be filled out, leave it blank.

It's empty. The general journal is a crucial accounting tool that aids in keeping track of transactions as they happen on a daily basis. It specifies the two accounts that should be debited or credited depending on the circumstances for each transaction. The account that receives value is the one that is debited. The account that receives value is the account that is credited. Sometimes there are more than two accounts involved in a commercial transaction or event.

Transactions are posted to the general ledger directly from the general journal. A book called the general ledger is used to keep track of all account-related transactions. It may not always be in the form of a book.

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Which of the following expenses should be included in your budget?

A) Clothing allowance
B) Entertainment (ex. going to the movies).
C) Gas/travel
D) All of these

Answers

All of the options here are the goods that have to be added to your budget.

What is a budget?

This is the term that is sued to refer to the financial way of trying to create the list of needs and the wants of a person based on the cash that is available. It is a very useful tool that is used in accounting and also individually. The goal is to help to create the list of goods that a person would need to be in the same tune with the amount of money that is available.

Hence we can say that All of the options here are the goods that have to be added to your budget.

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Which of the following are trade-offs faced by a recent college graduate deciding whether to go to graduate school? Check all that apply.
Graduate school means fewer years of on-the-job experience.
Many of her friends decide to go to graduate school.
✓ If she goes to graduate school, she won't be able to start a new job and repay her existing student loans.

Answers

Trade-offs faced by a recent college graduate deciding whether to go to graduate school are

Graduate school means fewer years of on-the-job experience, If she goes to graduate school, she won't be able to spend as much time with her family, Taking out more student loans means she may not able to purchase the new car she needs.

A student loan is a type of loan designed to help scholars pay for post-secondary education and the associated freight, similar to education, books and inventories, and living charges.

moment, theU.S. Department of Education( Department) blazoned a final extension of the pause on pupil loan prepayment, interest, and collections through December 31, 2022. still, the maximum quantum you can adopt each time in Direct Subsidized Loans and Direct Unsubsidized Loans ranges from$ 5, 500 to$ 12, If you're an undergraduate pupil.

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For what choices in your personal life do you think using critical thinking skills (e.g., finding physicians, deciding on majors, etc.) would be especially helpful? What about creative thinking skills?

Answers

Answer:

critical thinking and creative

Explanation:

you need both to be successfull

A bank offers 10.00% on savings accounts. What is the effective annual rate if interest is compounded continuously?

Answers

The effective annual rate if interest is compounded continuously equals to 10.52%.

What is an effective annual rate?

This interest rate refers to the return on an investment or the rate owed in interest on a loan when the compounding periods is taken into account. The effective annual rate is equal to the nominal rate only if the compounding is done annually. So, when the number of compounding periods increase, the effective annual rate increases.  

As we are looking for continuous compounding formula, the effective annual rate is as follows:

EAR = e^i – 1

Given data

A bank offers 10.00% on savings accounts.

EAR = e^(0.10) - 1

EAR = 1.10517091808 - 1

EAR = 0.10517091808

EAR = 10.52%

Therefore, the effective annual rate if interest is compounded continuously equals to 10.52%.

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When individuals are looking for jobs but are unable to find work, they are said to be

Answers

Answer:

When individuals are looking for jobs but are unable to find work, they are said to be unemployed.

Explanation:

Unemployed people are people who don't have jobs, are finding one, and are available to work.

Hope this helps :)

Which of the following would be an internal customer for a pharmacy technician?

Answers

One of the following that would be an internal customer for a pharmacy technician will be the patient.

Who is a pharmacy technician?

In essence, the Pharmacy Technician refers to the person that helps a licensed pharmacists to provide medications and other health care products to patients. Most time, under the pharmacist supervision, these pharmacy technicians helps to supply medicines to patients (on prescription or over the counter).,assemble medicines for prescriptions, provide information to patients and other healthcare professionals.

Therefore, in this context, the options of the following that would be an internal customer for a pharmacy technician will be the patient. Therefore, the word "patient" is the answer.

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Question 13 (1 point)
Active ownership of a foreign company, with direct investors having either a
controlling or a large minority interest in the firm, is called a(n):
O direct foreign investment
limited partnership
international corporation
international cooperative
cooperative cartel

Answers

Active ownership of a foreign company, with direct investors having either a controlling or a large minority interest in the firm, is called a foreign direct investment. Thus, the correct option is A). direct foreign investment

What is a foreign direct investment?

A foreign direct investment refers to an investment in the form of a controlling ownership in a business in one country by an entity based in another country.

Foreign direct investment plays a very significant role in an economy of a country. It can promote and maintain economic growth, in both the recipient country and the country making the investment.

Basically, FDI is an investment by a firm from one country in a business that it controls in another country.

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I know this is not what this app is for but I want you guys to choose where I go for my birthday, I live in Chicago and I am visiting my grandpa who lives in the USA and I think I want to go to the Alladin grill or a buffet you guys tell me what should I do?

Answers

Answer:

if you are adult and self dependent you can go with your friends in Bali or Thailand bankok

it will be a great place

Explanation:

..

What type of learner is most likely to benefit from using mind maps as a note-taking
method?

A) read/write
B) visual
C) kinesthetic
D) aural

Answers

Answer:

b. visual  

Explanation:

This method allows you to make connections between ideas and organize the information in a way that makes sense to you

B) visual: this helps visual learners visualize their ideas

When a movement was organized to build Charles City College, Hauser and others signed pledges to contribute to the college. At the time of signing, Hauser inquired what would happen if he should die or be unable to pay. The representative of the college stated that the pledge would then not be binding and that it was merely a statement of intent. The college failed financially, and Pappas was appointed receiver to collect and liquidate the assets of the college corporation. He sued Hauser for the amount due on his pledge. Hauser raised the defense that the pledge was not a binding contract. Decide. What ethical values are involved? [Pappas v. Hauser, 197 N.W.2d 607 (Iowa)]

Answers

The ethical issue that we have here is if pledge donations can be refused.

What is an ethical situation?

This is the term that is used to refer to a dilemma that is based on the ability to weigh options and also determine the one that is right or the one that is wrong among the options weighed.

In this question the situation is that one has made a pledge that is said to be merely a statement of intent. Hence it is to be determined if the pledge donations can be refused.

What is a pledge?

This is used to refer to the promise that a person would make to do something. It would be seen in the form of making contributions.

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