T/F: Promoters, not incorporators, must execute the articles of incorporation.
Answers
Promoters are the individuals or entities who take the necessary steps to form a corporation, such as identifying the business opportunity, obtaining financing, and preparing the necessary documents to incorporate. Once the promoters have completed the necessary steps, they can then file the articles of incorporation with the appropriate state authority.
The articles of incorporation must be executed by the promoters, not the incorporators, who are typically appointed by the corporation's board of directors after the incorporation process is complete. Incorporators are individuals or entities who are designated to act on behalf of the corporation after it has been formed. They are responsible for holding the initial organizational meeting, adopting bylaws, and electing the corporation's initial board of directors. In contrast, promoters are the individuals or entities who take the initial steps to form the corporation. This may involve identifying a business opportunity, securing financing, and preparing the necessary legal documents.
The articles of incorporation are a legal document that sets out the basic structure of the corporation, including its name, purpose, duration, and the number and type of shares of stock that it is authorized to issue. The articles of incorporation must be executed by the promoters, not the incorporators. This is because the promoters are the ones who take the initial steps to form the corporation, and they are responsible for ensuring that the corporation is properly formed and that the necessary legal documents are filed. Once the corporation has been formed and the articles of incorporation have been executed, the incorporators can then take over and begin the process of organizing and operating the corporation.
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Related Questions
statistical methods of forecasting are not good at considering special events in the data. true false
Answers
It is a true statement that a statistical methods of forecasting are not good at considering special events in the data as it tends to forecast based on series of event together.
What is a statistical methods of forecasting?Basically, a statistical forecasting involves the use of statistics based on historical data to project what could happen out in the future. This method can be used on any quantitative data such as a Stock Market results, sales, GDP, Housing sales etc.
The main advantage of a statistical methods of forecasting is that, when it is used under the right conditions, they can provide predictions that are much more precise than judgmental methods.
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most demand curves are relatively elastic in the upper-left portion because the original price group of answer choices and quantity from which the percentage changes in price and quantity are calculated are both large. and quantity from which the percentage changes in price and quantity are calculated are both small. from which the percentage price change is calculated is large and the original quantity from which the percentage change in quantity is calculated is small. from which the percentage price change is calculated is small and the original quantity from which the percentage change in quantity is calculated is large.
Answers
Most demand curves are relatively elastic in the upper-left portion because the original price from which the percentage change in quantity is calculated is large.
Most demand curves means that it will be more change in the quantity demanded of a good and service than in the price of that good and service.
Perfectly inelastic demand means that regardless of price, the quantity demanded of a good and services remains constant.
The demanded curve that represents in the most elastic is horizontal from which the percentage changes in price and quantity.
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The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.
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Answer: See Image Below
The adjusting entries for Skysong, Inc. for March is prepared from the given selected accounts before adjusting entries have been prepared.
What are adjusting entries?Adjusting entries are journal entries that are typically made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. Under accrual-basis accounting, the revenue recognition principle serves as the foundation for making adjusting entries for unearned and accrued revenues.
The adjusting entries are as follows:-
No. Date Account Tiles and Explanation Debit Credit
1. March 31 Depreciation expense 756
Accumulated Depreciation expense 756
2. March 31 Unearned Rent revenue 5580
Rent revenue 5580
3. March 31 Interest Expense 360
Interest payable 360
4. March 31 Supplies Expense 1935
Supplies 1935
5. March 31 Insurance Expense 1080
Prepaid Insurance 1080
Therefore, the adjusting entries are prepared on March 31.
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What does a company do to start the strategic planning​ process?
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A company defines its overall purpose and mission.
What is strategic planning?The process through which an organization determines its plan or direction and decides how to allocate its resources to achieve its strategic goals is known as strategic planning. Controls that govern how the strategy is implemented may also be included. Strategic planning became more popular in corporations in the 1960s, and it is still an important part of strategic management today. It is carried out by strategic managers or strategists who do an extensive study of the company and how it interacts with its competitive environment. Although there are numerous definitions of strategy, most agree that it entails deciding on steps to attain goals, creating a timeframe, and allocating resources to carry out those actions.
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True Stories Company sold the rights to a documentary film. They are expecting significant revenue in Year 1. The revenue stream is expected to decrease steadily until it reaches zero in Year 5. Based on this Which depreciation method should be used to most closely match the expense to the revenue stream the asset produces
Answers
The best depreciation method for this company is the double-declining-balance
In economics, depreciation occurs when a product gradually loses its value. The most common causes of depreciation are:
The product becomes obsoleteWear and tear of the productThe product's popularity decreasesMoreover, there are different methods to understand this decline in value that include:
Double-declining balanceStraight lineUnits-of-productionThe double-declining balance method implies depreciation is not constant over the years but as years pass the depreciation increases. This method applies to True Stories Company because it is expected the documentary film becomes less and less popular every year, and therefore depreciation is accelerated not constant.
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To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
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To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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Help me please... help
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Direct stakeholders are those involved in the company's day-to-day activities. Like employees, who carry out their daily tasks, working on the company's ongoing projects. Indirect stakeholders are those who are more interested in the result of the production. Direct stakeholders are entities that have a visible role in the organization, regulation, operation and support of the bus service; or people, communities and entities that use the service or are impacted by it. Indirect stakeholders are anyone else whose interests are either enhanced or threatened.
Answer:
Explanation:
C part
A beta distribution center worker was injured when she tried to remove items on the shelf and not a heavy box onto her for a week later some posters stored in tubes rolled off another shelf and into an ally second worker tripped over tube and for which of the following measures with best prevent this type of safety problem at beta
Answers
Answer:
C. Teach procedures for stacking items in straight, even loads.
Explanation:
Answer:
teach procedures for stacking items in straight, even loads.
Explanation:
what type of question is the following: ""should bloomingdales continue its excellent return policy for its customers?""
Answers
The given question, "Should Bloomingdale's continue its excellent return policy for its customers?" is an evaluative question.
In brief, an evaluative question requires one to assess and weigh the pros and cons of a specific issue, policy, or decision before providing a conclusion.
Explanation:
1. Evaluative questions typically ask for a judgment based on criteria or values, and in this case, the question focuses on the continuation of Bloomingdale's return policy. The answer should evaluate its impact on the customers and the company.
2. To answer the question, one would need to consider various factors, such as customer satisfaction, profitability, reputation, and competition. Analyzing these factors will help determine if maintaining the return policy is beneficial for Bloomingdale's.
3. Customer satisfaction is an essential aspect to evaluate, as a flexible return policy may encourage repeat business and foster customer loyalty. It is crucial to determine if the policy enhances the overall customer experience and attracts new customers.
4. Evaluating profitability is also important, as the return policy may impact the company's financial performance. Analyzing the cost of returns, refunds, and exchanges in relation to the company's profits is essential in forming a judgment.
5. Considering the company's reputation and brand image, the return policy may be seen as a unique selling point that differentiates Bloomingdale's from competitors. Analyzing the return policies of competing businesses can offer valuable insight into the industry's standards and expectations.
6. Lastly, assessing the effectiveness and efficiency of the return process is vital, as it will help determine if the policy can be sustained in the long run without compromising the company's operations.
By evaluating these factors, one can form a well-rounded judgment on whether Bloomingdale's should continue its excellent return policy for its customers.
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What are some of the core values and beliefs that led to the American Revolution and the writing of the US Constitution
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Some of the core values and beliefs that led to the American Revolution and the writing of the US Constitution include:
1. **Individual liberty and rights**: The American Revolution was driven by a desire for individual freedoms and rights. The colonists believed in the inherent rights of individuals, such as life, liberty, and the pursuit of happiness, and they sought to protect these rights from infringement by a government.
2. **Self-governance and democracy**: The colonists advocated for self-governance and the right to have a say in the laws and policies that affected their lives. They rejected the idea of being governed by a distant monarchy and sought to establish a democratic system where power resided with the people.
3. **Limited government and rule of law**: The colonists believed in the concept of limited government, where the powers of the government are clearly defined and restricted to prevent abuse. They advocated for the rule of law, where all individuals, including government officials, are subject to and must abide by the law.
4. **Equality and fairness**: The ideals of equality and fairness played a significant role in the American Revolution. The colonists were frustrated with perceived injustices, such as unequal taxation and lack of representation, and sought to establish a system that treated all individuals fairly and equally under the law.
5. **Separation of powers and checks and balances**: The framers of the US Constitution emphasized the importance of separating powers among different branches of government (legislative, executive, and judicial) to prevent the concentration of power in one entity. They also established a system of checks and balances, allowing each branch to limit and oversee the actions of the others.
These core values and beliefs continue to shape the foundation of the United States and its democratic system, serving as guiding principles for governance, individual rights, and the pursuit of a more perfect union.
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The ________ role involves managers making decisions about who gets what, how much, when, and why.
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The Resource Allocator role involves managers making decisions about who gets what, how much, when, and why.
Who is a Resource Allocator?The practise of assigning and managing resources in a way that meets an organization's strategic planning objectives is known as resource allocation. Allocating resources involves managing hard assets like hardware to maximize the usage of soft assets like human capital. The distribution of resources is primarily divided into two categories: continuous and one-time. Resources can be distributed in the context of an entire economy using a variety of mechanisms, such as markets or planning. The practice of assigning and managing resources in a way that meets an organization's strategic planning objectives is known as resource allocation. Resource management comprises controlling hard assets like hardware to maximize the utilization of soft assets like human capital.
Hence, The Resource Allocator role involves managers making decisions about who gets what, how much, when, and why.
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Analyse how the level of government intervention varies according to the type of
economic system countries operate.
Answers
Answer:
Answer: In a capitalist economy, the government acts as a regulatory and complementary body. On the other hand, in a socialist economy, the government plays a comprehensive role in almost all economic activities, such as production, distribution, and consumption, of a nation.
scenario 2: an investment tax credit effectively lowers the tax bill of any firm that purchases new capital within some relevant time period. suppose the government repeals a previously existing investment tax credit. true or false
Answers
an investment tax credit effectively lowers the tax bill of any firm that purchases new capital within some relevant time period. The statement is true.
If the government repeals a previously existing investment tax credit, then the tax bill of firms that purchase new capital within the relevant time period will not be lowered by the credit anymore. The repeal effectively removes the tax credit as an option for reducing tax liabilities, so firms will have to pay the full tax amount on their new capital purchases.
A tax bill is a document that outlines the amount of tax owed to the government. It can be affected by various factors such as income, deductions, and tax credits, and failure to pay can result in penalties or legal action.
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What is a trade off.
Answers
Answer:
the exchange of something valuable
Explanation:
Answer:
A trade-off is exchange something of value, especially as part of a compromise.
Explanation:
on july 7, 2021, waterway camera enterprises performed cash services of $1720. the entry to record this transaction would include a debit to cash of $1720. a credit to accounts payable of $1720. a debit to service revenue of $1720. a credit to accounts receivable of $1720.
Answers
The entry to record the transaction would include a debit to service revenue of $1720 and a credit to cash of $1720.
The entry to record the cash services performed by Waterway Camera Enterprises on July 7, 2021 would include a debit to service revenue of $1720 and a credit to cash of $1720. This entry reflects the increase in revenue from providing services and the corresponding increase in cash received. Accounts payable and accounts receivable are not mentioned in the question, so they would not be affected in this transaction.
The debit to service revenue increases the company's revenue account, while the credit to cash increases the company's cash account. This type of entry is common when a company receives cash for providing services to customers. The entry to record this transaction would be: Debit Service Revenue $1720, Credit Cash $1720.
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the figure below illustrates the impact of an export subsidy as imposed by a large country. no imports are permitted. what is the net impact on the consumer surplus of the export subsidy provided by the domestic government?
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The net impact of the export subsidy on consumer surplus is negative, which implies that the subsidy leads to a loss of welfare for the domestic economy as a whole.
The figure illustrates the impact of an export subsidy, which is a form of government support provided to domestic producers that lower the cost of exports. The subsidy reduces the domestic price of the product below the world price, which stimulates exports and increases the quantity of the product sold abroad.
The impact of the export subsidy on consumer surplus is negative, as it raises the price of the product in the domestic market. The increase in the price is equal to the amount of the subsidy, so the difference between the world price and the domestic price with the subsidy becomes greater than the difference between the world price and the original domestic price.
As a result, domestic consumers have to pay a higher price for the product, which reduces their consumer surplus. The reduction in consumer surplus is greater than the increase in producer surplus due to the subsidy. This happens because the reduction in consumer surplus is spread over the entire quantity of the product sold, while the increase in producer surplus is only a portion of the quantity produced and exported.
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Suppose a bank has checkable deposits of $100,000 and the required reserve ratio is 20 percent. if the bank currently has $100,000 in reserves, it could lend out as much as:______.
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Suppose a bank has check able deposits of $100,000 and the required reserve ratio is 20 percent. if the bank currently has $100,000 in reserves, it could lend out as much as $80,000.
A reserve requirement is a rule established by the central bank that specifies the minimal amount of liquid assets that a commercial bank must retain.
The central bank often determines this minimum amount, also known as the commercial bank's reserve, based on a predetermined percentage of the bank's deposit liabilities.
The reserve ratio is a typical name for this rate. Although there are many definitions, the cash held by the commercial bank and physically kept in the bank vault (vault cash) as well as the amount of the bank's balance in that bank's account with the central bank typically make up the commercial bank's reserves.
A bank is free to keep excess reserves—a.k.a. reserves—in reserve amounts above this minimal need.
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True or False. Since grant proposals need to be short, budget and personnel information should not be included.
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Identify three (3) services offered by the post office for sending mail and fully outline a situation in which you would recommend the use of each. (6marks)
Pls help
Answers
Mail collection, processing, transmission, and delivery are the Post Office's main duties. The term "mail" refers to all postal items, including letters, postcards, inland letter cards, packets, ordinary, registered, insured, value-payable, and speed post articles, whose contents are in the nature of messages.
What are the services offered by post office for sending mail?Mail collection, processing, transmission, and delivery are the Post Office's main duties. The term "mail" refers to all postal items, including letters, postcards, inland letter cards, packets, ordinary, registered, insured, value-payable, and speed post articles, whose contents are in the nature of messages.
First class and second class mail are additional categories for mail. Within India, first-class mail is given free air delivery, whilst second-class mail only receives airlift if paid for with an air premium.
The letter is sorted by delivery barcode sorter to a specific carrier that will deliver it. Additionally, the barcode sorter sorts the letters sent to that carrier in the order of delivery. After then, a truck transports all of this carrier's mail to the Postal Service station.
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When a site is unsafe, it means a. Your personal information may be used in ways you do not want c. Permission to use that site at school is always allowed b. That site is okay to visit often d. All of the above Please select the best answer from the choices provided A B C D
Answers
Answer:A, Your personal information may be used in ways you do not want
Explanation:
If it is a unsafe site than there for your personal information can go places you do not want them to.
When a site is unsafe, it means your personal information may be used in ways you do not want. Thus, option 'A' is the correct option.
What does it mean when a website is unsafe?External connections to websites with phishing, malware, or unwanted software are known as unsafe domains. Phishing is when a website imitates another one in an effort to fool visitors into divulging personal or financial information. When you visit an insecure website, you run the risk of having your personal information compromised and/or having malicious malware installed on your system.
Additionally, you can fall prey to a phishing attack, or someone else might watch your activity or use your resources for their own gain. If the content you're seeking to view is harmful or misleading, a warning will appear. These websites are frequently referred to as phishing or virus sites. If you clicked on a phishing link, the first thing you should do is immediately unplug your device from the internet.
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1.) The PERCENTAGE of interest or dividends earned on money that is invested
Answers
Answer:
Rate of return.
Explanation:
Rate of return can be defined as the percentage of interest or dividends earned on money that is invested.
In Financial accounting, a return refers to the amount of profit generated by an investor on an investment over a specific period of time.
Basically, the rate of return which is typically expressed as a percentage of the initial costs of an investment can either be a gain or a loss on an investment. Therefore, a positive rate of return on an investment over a specific period of time, simply means that an investor is making a profit (gains) while a negative rate of return on an investment over a specific period of time, indicates that the investor is running at a loss.
Hence, the rate of return is used as a long-term decision-making tool to determine whether or not an investment is worth it.
who was the 20th president
Answers
Answer:
Of what country? Philippines or US or what??
Answer:
Kuroo Here!
Explanation:
It was James A. Garfield
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3.1.5. Discuss the characteristics of a mixed Economy.
Answers
Answer:
A mixed economy has three of the following characteristics of a market economy. First, it protects private property. Second, it allows the free market and the laws of supply and demand to determine prices. Third, it is driven by the motivation of the self-interest of individuals
Explanation:
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If the price of a blu-ray disc player is three times the price of an mp3 player, then a blue-ray disc player contributes
a. more than three times as much to gdp as does a mp3 player.
b. less than three times as much to gdp as does a mp3 player.
c. exactly three times as much to gd
Answers
The blue-ray disc player contributes exactly three times as much to GDP as does a MP3 player that is option C is correct.
GDP or gross domestic product may be defined as the size of the country's economy over a specified period of time or within a financial year. It is the measure of the country's expenses and revenues within the financial year. If the price of the blue-ray disc is three times the price of mp3 player so the contribution will also be three times as the GDP solely depends on the prices of the entities purchased or bought within the country. It is neither higher nor it is lower than three times. GDP is an important feature in determining the country's progress as in today's world economy is one of the most important factors in determining progress of country. Most of the developed countries have their GDPs in great number.
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during passover, leavened products are considered non-koshertruefalse
Answers
True. Jewish dietary restrictions forbid the eating and possession of leavened items, popularly known as chametz, during the Passover holiday.
Can you have bread during Passover?To commemorate our freedom from Egyptian slavery, leavened or fermented grain products are banned. Before departing for the desert, the Jews who were led by Moses out of Egypt did not have enough time to let their bread rise. As a result, all leavened breads and bread products are prohibited throughout Passover.
What foods are forbidden during the Passover holiday?The Passover dietary regulations forbid grain items that can ferment and leaven. These grains include wheat, barley, spelt, oats, and rye. Unleavened grains are only allowed to be consumed during Passover.
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All shareholders have the right to attend and vote for the directors in:
Franchise business
O Partnership business
Annual General Meeting
Answers
Explain the importance of leisure activities.
Answers
Answer:
leisure activities improve the productivity of people
Explanation:
if you feel stressed and then go to a water park, you will get less stressed right?
Gillette manufactures twin blade razors which are sold at a price of $1.78 per razor. The following break-up in the cost of production is seen (percentage of selling price): - Manufacturing Costs = 35\% - Trade schemes =17% - Distributor Margins =7.5% - Taxes =8% - Estimated Fixed cost =$30,000 per annum (only tooling and plant overhead) The market is such that up to 100,000 units can be sold at the price of $1.78 per unit, but any additional sale must be made at $1.65 per unit. a) How many razors need to be sold in the year to reach the breakeven point? - (2) b) Gillette has a planned annual profit of $30,000 from this market. How many units must be made and sold in a year? −(3)
Answers
The number of razors that need to be sold in the year to reach the breakeven point is 61,288 razors. Gillette must make and sell 200,000 units in a year to achieve a planned annual profit of $30,000.
a) To determine the number of razors that need to be sold in the year to reach the breakeven point, we can use the following formula:
Breakeven point = Fixed costs / (Price per unit - Variable costs per unit)
The fixed costs include the estimated fixed cost of $30,000 per annum (only tooling and plant overhead). The variable costs per unit include the manufacturing costs, trade schemes, distributor margins, and taxes, which add up to 35% + 17% + 7.5% + 8% = 67.5% of the selling price. Therefore, the variable cost per unit is:
Variable cost per unit = 67.5% x $1.78 = $1.20
Substituting the values, we get:
Breakeven point = $30,000 / ($1.78 - $1.20) = 61,288 razors
Therefore, the number of razors that need to be sold in the year to reach the breakeven point is 61,288 razors.
b) To determine the number of units that must be made and sold in a year to achieve a planned annual profit of $30,000, we can use the following formula:
Profit = (Price per unit - Variable costs per unit) x Number of units - Fixed costs
Substituting the values, we get:
$30,000 = ($1.78 - $1.20) x Number of units - $30,000
Solving for the number of units, we get:
Number of units = ($30,000 + $30,000) / ($1.78 - $1.20) = 200,000 units
Therefore, Gillette must make and sell 200,000 units in a year to achieve a planned annual profit of $30,000.
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Grace feels she has been sexually harassed by Linda’s unkind comments. What should Grace do immediately? a. Contact the EEOC for help b. Tell a supervisor what Linda said c. Document what Linda said d. Tell Linda to stop Please select the best answer from the choices provided A B C D
Answers
Answer:
d. Tell Lynda to stop
Explanation:
Although there are several policies guiding sexual harassment whether in a work place or society at large, it is however important that Grace ask Lynda to stop immediately.
Verbal sexual abuse can be stopped before it degenerate to Wilder form. However, if the person is abusing the other verbally fails to stop, then the person being offended may report to the relevant authorities for necessary action.
Everyone has the right to a safe environment without being sexually abused. However, if that happens, that firm action of saying stop should be the first thing otherwise you report to the relevant authorities if it persist.
Identify the steps involved in setting up a vendor rating system.
Answers
In order to accomplish the rating of vendors, some sort of review process must take place. The process begins with the identification of vendors who not only can supply the needed product or service but is a strategic match for the buying firm. Then important factors to be used as criteria for vendor evaluation are determined. These are usually variables that add value to the process through increased service or decreased cost. After determining which factors are critical, a method is devised that allows the vendor to be judged or rated on each individual factor.
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Setting up a vendor rating system involves several key steps to ensure its effectiveness and reliability.
Here are the general steps involved in establishing a vendor rating system:
1. Define the criteria: Determine the specific criteria that will be used to evaluate vendors. These criteria should be relevant to your organization's needs and objectives. Common criteria include product quality, pricing, delivery timeliness, customer service, reliability, and adherence to contractual terms.
2. Assign weightage to criteria: Assign weightage or importance to each criterion based on its significance to your organization. This helps prioritize and reflect the relative importance of different evaluation factors. Consider factors such as cost, impact on operations, or customer satisfaction when determining the weightage.
3. Develop a rating scale: Create a rating scale or scoring system to quantify the performance of vendors on each criterion. This scale can be numerical, such as a 1-5 rating or a percentage scale, or it can be descriptive, using categories like "excellent," "good," "fair," or "poor." Ensure that the rating scale is clear and consistently applied across evaluations.
4. Collect data and feedback: Gather data and feedback on vendor performance. This can include input from various stakeholders such as procurement, operations, finance, and end-users. Use sources like performance reports, customer surveys, quality control data, and communication records to collect relevant information.
5. Evaluate vendors: Apply the established criteria and rating scale to evaluate the vendors based on the collected data. Assess each vendor's performance against the defined criteria and assign scores or ratings accordingly. This evaluation can be conducted periodically or after specific interactions with vendors, depending on your organization's requirements.
6. Analyze results: Analyze the evaluation results to identify trends, strengths, weaknesses, and areas for improvement for each vendor. This analysis will help make informed decisions regarding vendor selection, contract renewal, or vendor performance improvement initiatives.
7. Provide feedback and communicate results: Share the evaluation results with vendors, providing constructive feedback on their performance. Transparent communication promotes accountability and fosters improvement. Ensure that the vendor rating system is communicated clearly to vendors and internal stakeholders, establishing expectations and fostering transparency.
8. Review and update: Regularly review and update the vendor rating system to align with evolving organizational needs, changes in vendor landscape, and feedback from stakeholders. Continuous improvement ensures that the system remains effective and relevant over time.
By following these steps, organizations can establish a vendor rating system that facilitates objective evaluation, informed decision-making, and continuous improvement in vendor performance.
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