an investor purchased an industrial building in january for $524,900. the contract specified that 80% of the purchase price be allocated to the structure, and the remaining purchase price be allocated to the land. what is the annual depreciation deduction? (round to nearest dollar.)
Answers
The annual depreciation deduction
$10,767. $524,900 × .80 = $419,920 building. $419,920 ÷ 39 years = $10,767.
Deduction is an account system for allocating the cost of a palpable or physical asset over its useful life. Deduction is a measure of how important of an asset's value has been consumed. It enables businesses to induce profit from means they enjoy by paying for them over time.
The immediate cost of power is significantly reduced because companies don't have to regard for them entirely in the time the means are bought. Account for deprecation inaptly can have a significant impact on a company's gains. Long- term means can also be downgraded for duty and account purposes.
To know more about Annual depreciation deduction from the given link:
brainly.com/question/27017083
#SPJ4
Related Questions
HELP
Question
Q. To properly manage your checking account you should do which of the following?
A.Update your transaction register regularly to include all checks, ATM withdrawals, and debit card purchases.
B.Balance your checkbook daily using the most current information about your account by phone, ATM, or online.
C.Promptly review your checking account statement every month.
D.All of the above
Answers
help need this in 30 mins! 1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)
2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)
3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)
4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)
5. Describe at least two methods you would use to identify job opportunities if you were looking for a job. Explain why you would use these methods for job seeking. (1-2 sentences. 3.0 points)
6. Write your answers to at least three of the lesson 2 questions on what you want from your life page. (1-3 sentences. 3.0 points)
7. Describe a career you would like to have, and explain how you could get started and then advance in that career. (1=3 sentences. 3.0 points)
8. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education, or special skills that you included in the application. (2-5 sentences. 3.0 points) CAUTION: To protect your privacy, make sure you don't list the names of specific places where you've worked or gone to school.
Answers
1. The best example of a task that makes a lot of sense in a company to outsource its customer support which is more common than phone support. Even the costs may be high, there are many parts which employing, providing office space, and training, and paying taxes on support reps are not very high. It makes sense because it is the best way to outsource a company and to make a better approach to the client.
2. Human resources staff are tasked with keeping up-to-date personnel policies for the companies they work for. These policies govern how a business is run, from hiring and termination to policies for sexual harassment and forms of workplace discrimination. Personnel policies are given to new employees to review, and they are often asked to sign a statement saying that they read and understand the policies. Policies and procedures vary from company to company, but certain elements are common.
3.
Heading information: Where they live, where they came from, who to contact when something bad happens.Work Environment: Know what's around you, be able to know it's safe for workers.3 or 4 skills they need to have: Being able to do the work they are task with.4. I would use employee referral programs and hire for attitude and then do training for skills. Employees working in your organization can be a valuable source of knowledge need when recruiting. They have friends and acquaintances that are in the same field. Come up with a policy that will enable staff to refer suitable candidates for job positions in the company. A smart recruiter should search for attitude when recruiting employees because skills can be gained. The best candidate should show a positive attitude towards a position with the required skills which is in most cases difficult to find. The technique to employ here as a recruiter is to find a person with a positive attitude towards a job posting.
5. The 2 methods which I will use to identify job opportunities if I was looking for a job would be, internships and company websites. Internships: As I am without a job, obtaining a short space among a renowned organization is an excellent method to acquire a footing in the entrance, or produce me including valuable business connections to convene upon in the eternity. Company Websites: If I want a job and want to get to know the company better, why not check out the job part of the company’s website. If I will see opportunities on the company’s website, there is a possibility I will obtain exactly the opportunity that I have been expecting for.
6. Write your answers to at least three of the Lesson 2 questions on the What You Want from Your Life page.
So here are the questions the question is talking about:
What activities do you most enjoy?What activities do you least enjoy?What things have you never done before but want to try?What things would your job need to include in order to make you feel satisfied?What things are you especially good at?What are your weaknesses?What values are most important to you?What issues or causes do you care most about?Which people in your life are most important to you?I answered these 3:
What are your weaknesses? My weaknesses include trouble focusing, impulsiveness, lack of motivation at times, and wanting to be recognized for my efforts. Which people in your life are most important to you? My mom, my grandpa, and my best friend. I would do anything for them, and they know that. I tend to care about their wellbeing more than my own because they give me the motivation to pursue any opportunity that comes my way. What things are you especially good at? I am good at motivating and helping others. I understand my faults and always try to improve in any shape, way, or form. I am also very personable.7. I am not sure what career I want to go in so I will just say an example. If I wanted to work in the veterinary field or be an animal doctor, some steps to take to lead toward this career would be to volunteer at the SPCA or animal shelters so I can get hands-on experience and a first-hand experience on what your career would be. With the prior knowledge of the animals on your resume, it would look good and they would hire me for my prior experience.
8. The section that was the easiest was the general information page. Including your name, age, etc. The hardest section for me was the goals section because I don’t really have any concrete goals at this point in my life right now and I am stuck choosing between multiple career options. One example of an experience I had in the past was when I would volunteer at my church (when I was religious). Now I tend to act as my mother’s secretary for her job, letting her know information from a voicemail, driving her, or taking notes for her meetings.
I put a lot of time and effort into this so, I hoped this helped! :)
Popularity increases a product’s
A. price
B. utility
C. life cycle
D. trial period
Answers
Answer:
life cycle
Explanation:
When a product has been popularized with adverts, people will know d product and will wanna try it out.Once this happens,the product will still be in existence prolonging the life cycle
To be part of the supply for a good, a producer must be
A. Only willing to supply the good
B. Only able to supply the good
C. Both are able and willing to supply the good
D. Both are able and willing to supply the good, and have already identified a buyer
E. Both able and willing to supply the good, and have already sold the good
Answers
Answer:
D. Both are able and willing to supply the good, and have already identified a buyer
List types of decisions that would need to be made and the appropriate person, group, or method for each, for example, individual team member, the collective team, scrum master, and/or product owner.
Answers
Generally, the type of decision that is common to made by or within person, group such as individual team member, the collective team, scrum master, product owner includes:
Individual DecisionsGroup Decisions Programmed DecisionsNon-Programmed DecisionsOperational DecisionsOrganizational DecisionsPersonal DecisionsRoutine DecisionsStrategic DecisionsPolicy DecisionsOperating DecisionsOrganisational DecisionsPersonal Decisions etc.What is known as a Decision?A decision refer to the choice made from among available alternatives but a decision making refers to those process of identifying and choosing alternative courses of action.
In an organization the use of decision-making process can help the users to make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
Read more about Decisions
brainly.com/question/27004710
#SPJ1
We suppose an economy defined by:
Y=10000 ; G = 2000 ; T = 1000 ;
r (real interest rate) = 3%;
C = 400 + 0.6 (Y-T) ;
Lo (factors that affect demand of moeny) = 5 ;
Ms (money supply) = 15000 ;
Mg (growth rate of money) = 10% ;
Yg (growth rate of Y) = 7%
question : If M increase by 3%, the P increase by ? ( the options I have are : 1.22%/1.23%/1.24%/1.25%)
Answers
Answer:
Explanation:
To find the percentage increase in P if M increases by 3%, we need to use the equation for the quantity theory of money, which is:
M * V = P * Y
Where M is the money supply, V is the velocity of money, P is the price level, and Y is the output of the economy.
If M increases by 3%, then the new value of M can be found by multiplying the old value of M by 1 + the percentage increase:
M' = M * (1 + 0.03) = 15000 * 1.03 = 15450
We can then solve for the new value of P by substituting the new values of M and Y into the equation:
P' = (M' * V) / Y = (15450 * V) / 10000 = 1.5450 * V
We can then find the percentage increase in P by taking the difference between the new value of P and the old value of P, and dividing by the old value of P:
Percentage increase in P = (P' - P) / P = (1.5450 * V - 1) / 1 = 0.5450 * V
So the percentage increase in P is 0.5450 * V.
An amount of cash kept on hand and used for making small payments is called a. revenue. b. cash. c. petty cash. d. prepaid interest. e. none of these answers
Answers
Petty cash is a small amount of cash kept on hand by a business for making small, everyday purchases. It is an important tool for managing cash flow and keeping accurate records of small transactions.
Petty cash refers to a small amount of money that a business keeps on hand to make small, everyday purchases such as office supplies, postage, or other incidental expenses. It is an important tool for managing cash flow and keeping accurate records of small transactions.
When a company establishes a petty cash fund, a specific amount of money is allocated for the fund and is then held in a secure location. A designated employee, often an office manager or accountant, is responsible for managing the petty cash fund and recording all expenditures made from it.
To ensure that the petty cash fund remains accurate and secure, businesses will typically establish a set of policies and procedures for its use. For example, employees may be required to submit receipts for any purchases made from the petty cash fund, and the petty cash account may be subject to regular audits.
Click the below link, to learn more about Petty cash:
https://brainly.com/question/17439772
#SPJ11
What is the name of the organization that published abbreviations that are meant to avoid confusion in international business transactions?.
Answers
The name of the organization which published abbreviations which are meant to avoid confusion in international business transactions is the International Chamber of Commerce.
In order to facilitate commerce around the world, the International Chamber of Commerce (ICC) publishes a set of Incoterms, which is officially known as the international commercial terms. Thus, globally recognized Incoterms tend to prevent confusion in the foreign trade contracts.
This organization called the International Chamber of Commerce tends to publish abbreviations which are meant to avoid confusion in the upcoming international business transactions.
Hence, the International Chamber of Commerce (ICC) developed Incoterms in 1936.
To learn more about Incoterms here:
https://brainly.com/question/14924736
#SPJ1
a contract clause which specifies the amount of damages to be paid in the event of a breach is called
Answers
A contract clause which specifies the amount of damages to be paid in the event of a breach is called a liquidated damages clause.
When parties are entering into a contractual agreement, certain provisions are catered for in the contract which allows payment of a specified sum should one of the parties be in breach of contract. This is called liquidated damages clause.
The purpose of adding the clause ( liquidated damages clause) is to ensure sure parties to the contract understand and performs their duties accordingly.
Learn more at : https://brainly.com/question/12413891
in which type of systems building are the development stages organized so that tasks in one stage are completed before the tasks in the next stage begin?
Answers
The type of systems building where development stages are organized so that tasks in one stage are completed before the tasks in the next stage begin is called sequential systems building.
Sequential systems building, also known as waterfall development, follows a linear and sequential approach to software or systems development. In this approach, each stage of the development process is completed before moving on to the next stage. The tasks and activities within each stage are typically planned, executed, and completed in a specific order.
The sequential systems building approach typically includes stages such as requirements gathering, system design, implementation, testing, and maintenance. Each stage has its specific objectives and outputs, and the completion of one stage serves as the input for the subsequent stage.
Sequential systems building provides a structured and well-defined process for developing systems, allowing for clear project milestones and deliverables. However, it can also be rigid and less flexible compared to other development approaches that allow for iterations and concurrent tasks.
To know more about , development approaches, click here https://brainly.com/question/29758626
#SPJ11
As a sales manager for GooGooLi Corporation, you have asked your sales analytics team to provide you with a predictive model of the factors that can help you predict the sales for the next quarter. In the report, your sales analytics experts have developed a new regression model that can explain the variation in quarterly sales better than the previous model. You decide to verify this by comparing the results of the new model (that explains sales variation better) with the older model. You expect to see the ________ for new model to be _________ than the old model.
Answers
Answer:
As a sales manager for GooGooLi Corporation, you have asked your sales analytics team to provide you with a predictive model of the factors that can help you predict the sales for the next quarter. In the report, your sales analytics experts have developed a new regression model that can explain the variation in quarterly sales better than the previous model. You decide to verify this by comparing the results of the new model (that explains sales variation better) with the older model. You expect to see the R-square for new model to be higher than the old model.
Explanation:
As the R square is the coefficient of the variation and it determines the percentage of explained variability of the data. It should be higher as the new model is the best fit to the data.
Using the same quiz format, steps required to answer questions, and submission deadlines for both pars and kcs are examples of which of the eight golden rules for hci design?.
Answers
Examples of the eight golden standards for hci design's Strive for consistency include using the same quiz structure, procedures needed to answer questions, and submission dates for both pars and kcs.
In interface design, every component, theme, animation, and action should stay consistent throughout the experience. The user will probably be perplexed, for instance, if the interface alters the button's color and Strive for consistency font while the user is using it. The concept of consistency extends beyond a single application. For instance, websites frequently share basic elements like the corporate logo in the upper left corner and the top menu. These patterns have emerged through time, been described by usability professionals, and incorporated by designers into common practice.
Between pages of one application or between still-related applications, Strive for consistency is required. The key is that authorized users, including the majority of inexperienced users, can still view sites that are seen as still being in dialogue or as still having a connection to the program in use. Users won't be afraid to switch applications as a result of feeling at ease with the application.
Learn more about Strive for consistency here
https://brainly.com/question/14780616
#SPJ4
The question was incomplete. Check below the full question.
Using the same quiz format, steps required to answer questions, and submission deadlines are examples of which of the Eight Golden Rules for HCI Design?
a. Supporting internal locus of control
b. Offering informative feedback
c. Strive for consistency
d. Reducing short-term memory load
The cash records and bank statement for the month of May for Diaz Entertainment are shown below.
DIAZ ENTERTAINMENT
Cash Account Records
May 1, 2015, to May 31, 2015
Cash Balance
May 1, 2015 + Deposits
Answers
To provide an accurate cash balance for Diaz Entertainment for the month of May, we would need detailed information about all cash inflows and outflows during the period, including any adjustments or transactions that may have occurred.
To accurately determine the cash balance for the month of May for Diaz Entertainment, we need additional information such as cash inflows and outflows, as well as any adjustments or transactions that occurred during the month. However, based on the given information, we can make some general observations. The cash balance for May 1, 2015, is provided, but no information about specific deposits or cash inflows is given. Therefore, we cannot calculate the cash balance accurately.
In order to determine the cash balance for the month of May, we would need to consider various factors. These include cash sales, cash receipts from customers, cash payments for expenses, cash withdrawals, and any other cash-related transactions that occurred during the month.Additionally, it is important to reconcile the cash account records with the bank statement for the same period. This helps identify any discrepancies between the recorded cash transactions and the bank's records. By comparing the deposits recorded in the cash account with the deposits reflected in the bank statement, we can ensure the accuracy of the cash balance.
To provide an accurate cash balance for Diaz Entertainment for the month of May, we would need detailed information about all cash inflows and outflows during the period, including any adjustments or transactions that may have occurred.
Learn more about Bank statement here,https://brainly.com/question/15525383
#SPJ11
A company needs a way to convert 10 years of shipping records currently on paper into files that can be saved to its private cloud storage.
a. TRUE
b. FALSE
Answers
A company needs a way to convert 10 years of shipping records currently on paper into files that can be saved to its private cloud storage. The statement is False.
The company needs to first digitize the paper records before they can save them to their private cloud storage. They may need to use scanning or imaging software to do this.
Shipping documents are forms that are included with a shipment that specify the products being transported, their specifications, the customer, the mode of shipment, and the date the cargo was made. Bills of lading, packing lists, invoices, insurance documents, and air waybills are examples of shipping documents.
To know more about shipping here
https://brainly.com/question/29774762
#SPJ4
choose a real or made up example of a company, and describe at least three fixed costs the company has
Answers
Answer:
Explanation:
The fixed cost remains the fixed it never be changed.
Fixed cost;
It is the cost that should be the same whether the production level increased or not.
If we take an example of dominos, so here the fixed cost could be in form of rent, ovens, refrigerators.
It is the part of the organization expense.
A corporation chartered in Mexico and doing business in the United States is known as a foreign corporation in the United States
true or false?
Answers
Answer:
true
Explanation:
true because it's a business between two country
What is the future value of $25,000 invested for 10 years with a rate of return of 8%?
Answers
Answer:
6% on an investment that will return $450,000
Explanation:
Frank is an employee of guitar makers, llc. guitar's employee manual states that workers, such as frank, will be dismissed only for good cause. with respect to the employment-at-will doctrine, this is
Answers
Answer: An exception based on contract theory.
Explanation:
Contract theory is an agreement reached by two parties over a set of deal to be entered, these negotiation met guides what the agreement is all about, violators of the agreement would attract extra bodies(Law makers) to come into their decision. At Ilc, if the guitar producers only release their workers based on good cause, it's seen as a contract theory, based on what both parties agreed.
Zappos' saying is "We hope this is the last job you ever have." This demonstrates Zappos' focus on the _____ element in its operations.
Answers
Answer: a. human relations
Explanation:
Zappos saying that they hope their company will be the last company the employees work for is them saying that they hope their employees will find working in Zappos constantly alluring such that they would never want to leave (at least until retirement).
It can therefore be inferred from this that Zappos puts in the necessary effort to retain its employees by focusing on human relations in its operations such that employees fill more motivated and fulfilled at Zappos.
a salesperson working out of a branch office has been disciplined for committing a violation of licensing law. is the primary broker responsible for the salesperson's actions?
Answers
Yes, Primary Brokers are accountable for ALL of the licensed salespeople who work for them. If a salesperson who works from a branch office has been punished for breaking the licensing law.
Prime brokers function as an intermediary between hedge funds and two important counterparties in addition to offering a comprehensive range of custodial and financial services to their hedge fund clients. Large institutional investors, such pension funds, which have sizable licensing law equity holdings and may consequently provide assets to lend for short-selling purposes are the first of these crucial counterparties.
Commercial banks who have sufficient funds on hand to make sizable loans for margin purposes make up the second key group of Primary Brokers counterparties. These two counterparties allow hedge funds to borrow stocks and bonds from large institutional investors in order to engage in widespread short selling on a large scale. They also allow hedge funds to maximize their investment returns through leverage by licensing law obtaining margin financing from commercial banks. In exchange for helping to Primary Brokers complete the transaction, the prime brokerage earns money by adding a fee, such as a spread or premium, to the loan from a commercial bank.
Learn more about Primary Brokers here
https://brainly.com/question/17189110
#SPJ4
How does a command economy differ from a mixed market economy?
A. In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.
B. In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights.
C. In a command economy, citizens own all public property. In a mixed market economy, the government owns all private property.
D. In a command economy, citizens own all private property. In a mixed market economy, the government owns all public property
Answers
Answer:
A mixed economy is partly run by the government and partly as a free market economy, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand . A command economy is an economic system where the government has control over the production and pricing of goods and services.
Explanation:
Suppose that there are two winners for the Nobel Prize in Economics this year, and suppose that one of them is a professor at your university while the other is a professor somewhere else. Research suggests that you will tend to:__________
Answers
Answer: You would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.
Explanation:
There are two things involved in these scenario, one of them is that you would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.
The second is that you would be inquisitive about the other professor and want to know more about his profile.
But in most cases the familiarity aspect happen more than the other.
Development lp is a limited partnership that invests in residential real estate projects. Its limited partners include more than 150 sophisticated investors and investment professionals, including ethan. Ethan loses his limited liability if he:.
Answers
Ethan loses his limited liability if he participates in the firm’s management.
Who is a Limited Partner?A limited partner can be described as a part-owner of a limited partnership business who does not involve in the management of the partnership business.
The liability for the company's debts of a limited partner is limited to the amount invested in the business.
Limited partners are frequently referred to as "silent partners."
A limited partner is different from a general partner.
A general partner refers to a partner that is in charge of the day-to-day operations of the company, takes investment decisions on behalf of the company, and has unlimited liability for the company's debts and liabilities.
Therefore, Ethan will lose his limited liability if he participates in the firm’s management as he has become a general partner.
Learn more about limited partnership here: https://brainly.com/question/9244934.
4. Identify the accounts affected by the following transaction and show action to take in recording
the accounts in the double entry system.
Transaction
Account to be
credited
Account to be
debited
(i) Owner put cash into business.
(ii) Bought goods for cash.
(iii) Sold goods for cash.
(iv) Received cash for rent.
FDM
(v) Owner withdraws cash from business
for personal use.
Answers
Answer:
Explanation:
A debit entry represent an increase while a credit entry represents a decrease in an expense and asset account . but in a liability and capital account , a credit entry increases and a debit entry decreases the balance
1) Owner put cash into business
Account to be credited Account to be debited
Capital (increases ) Cash (increases)
2)Bought good for cash
Cash (decreases) Merchandise Inventory (increases)
3) Sold goods for cash
Merchandise inventory(decreases ) Cash (increases)
4)Received cash for rent
Rental income(increases) Cash ( increases)
5)Owners withdraw cash
Cash (reduces) Drawing (increases)
Somebody help I'll give 30 points
Answers
Answer:
1. Salesforce helps their people feel good by giving back to the community. They also offer great challenges and rewards, and have open communication culture.
2. Cisco offers good benefits that focus on family and enabling people to combine parenthood with their jobs. It’s also a great place to learn and develop professionally.
3. Admiral allows people to give back to the community through charity. They have built a strong sense of belonging and believe in the importance of having fun so people bring their best to work.
Explanation:
Answer:
Happy meal wih a mcdoobale
Explanation:
The current property taxes on a parcel are $1,743. 25 and have not been paid. If the sale is to be closed on August 12, what is the approximate tax proration that will be charged to the seller based on a 360-day year?
Answers
To calculate the approximate tax proration, we need to determine the number of days from January 1 to August 12.
From January 1 to August 12, there are 223 days (31 days in January + 28 days in February + 31 days in March + 30 days in April + 31 days in May + 30 days in June + 31 days in July + 12 days in August).
Next, we divide the annual property taxes by the number of days in a year (360) to determine the daily tax rate:
$1,743.25 / 360 = $4.84 (rounded to the nearest cent).
Finally, we multiply the daily tax rate by the number of days from January 1 to August 12 to find the approximate tax proration:
$4.84 * 223 = $1,078.32 (rounded to the nearest cent).
Therefore, the approximate tax proration that will be charged to the seller is $1,078.32.
10. Which type of utility do you believe has the greatest impact on price? Explain
Answers
Answer: Place utility
Explanation:
The type of utility that is believed to have the greatest impact on price is the place utility. Place utility simomy means making of goods available to the customers when they're needed.
The place or location where customers but their products is vital to customers as they put values on products based on the place utility. This can be seen as companies make sure that their products are easily accessible to their customers.
is essential in building long-term relationships between businesses and consumers
Answers
Building trust is essential in building long-term relationships between businesses and consumers. In the business world, trust is what sets the foundation for a strong and healthy relationship between a company and its customers. Consumers are more likely to purchase products or services from businesses they trust, and they are more likely to remain loyal to these businesses over time if they feel their trust is reciprocated.
Trust is built over time, through consistent communication and delivery of high-quality products or services. Businesses can build trust with consumers by being transparent about their business practices, being reliable and consistent in their interactions, and providing excellent customer service. They can also build trust by delivering on their promises and going above and beyond to meet their customers' needs and expectations. Businesses can also build trust by listening to their customers and responding to their feedback.
This can be done through customer surveys, focus groups, and other forms of customer feedback. By actively listening to their customers and taking their feedback into account, businesses can show that they value their customers' opinions and are committed to meeting their needs and expectations. Building trust takes time and effort, but it is essential in building long-term relationships between businesses and consumers. By focusing on building trust with their customers, businesses can create a loyal customer base that will continue to support them over time. To summarize, building trust is essential in building long-term relationships between businesses and consumers. Trust is built over time, through consistent communication, delivery of high-quality products or services, transparency, reliability, excellent customer service, and actively listening to customer feedback. By focusing on building trust with their customers, businesses can create a loyal customer base that will continue to support them over time.
To know more about businesses visit:
https://brainly.com/question/31668853
#SPJ11
explain the process involve in forming a company.
include these points:
1. Often require more time and legal works.
2. Need to complete all required documents such as ARTICLE OF ASSOCIATION and MEMORANDUM OF ASSOCIATION.
3. Once all document is ready, the register of the company issues the Certification of incorporation.
4. Certification of incorporation certifies the legal status of the company and allows to start trading.
Answers
Forming a company involves a number of steps and can often require more time and legal work than other types of business structures. Here are the steps typically involved in forming a company:
How to fporm companyChoose a Business Name: The first step is to choose a business name that is not already in use by another company. It's important to conduct a search to ensure the name is not already taken.
Decide on Company Structure: The next step is to decide on the legal structure of the company, such as a corporation, LLC, or partnership.
Prepare the Required Documents: Once the structure has been chosen, the required documents such as ARTICLE OF ASSOCIATION and MEMORANDUM OF ASSOCIATION must be completed. These documents outline the purpose of the company, its ownership structure, and other important details.
File Documents with the Register of Companies: The completed documents must then be filed with the register of the company in the jurisdiction where the company is to be incorporated. This requires paying a fee and providing additional information about the company, such as the names and addresses of directors and shareholders.
Certification of Incorporation: Once all the required documents have been submitted and approved, the register of the company issues a Certification of Incorporation. This certificate certifies the legal status of the company and allows it to start trading.
Obtain Business Licenses and Permits: Depending on the type of business and the jurisdiction, the company may also need to obtain additional licenses and permits before it can begin operating legally.
Overall, forming a company involves a significant amount of legal work and documentation, but it provides the benefit of limited liability and can make it easier to raise capital and attract investors.
Read more on companies here:https://brainly.com/question/25818989
#SPJ1
Dan just lost his job. At 44 years old, he worked as a middle manager at a well-known advertising firm for 14 years. Due to a significant loss of clients, the company had to downsize despite Dan being an exemplary employee and winning several awards. The company decided to let Dan go instead of another middle manager who was in a minority group. In a business setting, this occurrence is referred to as
Answers
In a business setting, the given occurrence we called the reverse discrimination
Reverse discrimination is the non-fair treatment of members who belong to the majority group in the workplace that depends upon race, gender, etc.
Reverse discrimination might arise at the time when the majority group like white or males are to be overlooked for following things
JobsPromotionsOther types of opportunitiesThese should provide the preference to the minority group like for women
So therefore we can conclude that In a business setting, the given occurrence we called the reverse discrimination
Learn more about reverse discrimination here: brainly.com/question/12382112