Mastery Exercise

5. Which of the following is a disadvantage of partnership?   Question 5 options:   Unlimited liability.   More independence than proprietorship.   Easy to form.   Pooled talent.

Q 3. Two companies, ABC and XYZ were incorporated in year 2020 as public (ABC Ltd. Co.) and private (XYZ Pvt. Ltd Co.) company respectively. Give a brief description of privileges enjoyed and restrictions imposed on these companies. If you wish to start any business what type of company you would choose to incorporate. Explain the reason behind your decision.

REA Associations Bentley Restorations Company restores and sells top-end classic and antique automobiles. Most of its customers are private collectors, but some are investors who buy multiple cars and hold them for resale. Bentley extends no credit terms. All sales are for cash.   1. Which of the relationships in the diagram models the entity associations for Bentley Restorations?  2. Explain your answer:

(Question on Business Ownership ) What are the responsibilities and obligations of partners in a partnership form of business ?

QUESTION 9 If an investor holds 50% or more of the investee's outstanding common stock, then the investor is referred to as the parent and the investee is called the subsidiary. True False

Q1. Discuss the restriction imposed by the Companies Act 2016 on a member’s right tovote. In addition, explain the voting by a show of hands and voting by poll under each circumstance during a company general meeting.

Q. No. 3: What is the procedure for incorporation of a company?

3 differences between a company and a partnership

C. Identify the Form of Business Organization being described. (a 1. Form of business organization with unlimited lives and the death or withdrawal of an owner does not affect its existence. 2. The establishment is generally an easy and inexpensive process. _3. The most important characteristic of this form of organization is always limited liability. 4. It involves a contractual agreement between all the partners that set the terms and conditions of their business relationship, including the distribution of ownership, responsibilities, and profits and losses. 5. This form of business organization generally enjoys fewer options to raise capital.

QUESTION 10 In order for a corporation to open a cash account, it would need to send a brokerage firm a copy of a: O Corporate resolution O Corporate charter Both Corporate charter & Corporate resolution O Neither Corporate charter nor Corporate resolution QUESTION 8 In a limited discretionary account, a Registered Rep may do any of the following EXCEPT: Obtain written approval from a principal for each trade executed Execute trades without the verbal approval of the customer Withdraw securities or cash Buy securities that are suitable

What it is talking about?  1. Incorporation of a company Ø Minimum number of shareholders and directorsEvery company requires at least one member, a director and a company secretary. Have at least one director who is a natural person (s457) Ø Effects of incorporation The company is capable of exercising all the functions of an incorporated company (e.g. separate legal entity, artificial person like entering into contracts in its own name, or taking legal action against other), and has perpetual succession. On and after the date of incorporation, the founder members, and any other persons who may from time to time become the company’s members, are liable to contribute to the assets of the company in the event of the company being wound up as is mentioned in Cap. 32.èLimited Liabilities

1. Briefly discuss principal–agent problems as related to a corporation.

Question A   . Janet was an attorney hired to draft the initial paperwork for incorporation of Alpakaz, Inc. In her first meeting with the incorporators, they were unsure about whether they should allow for cumulative voting or only permit straight voting by shareholders. In a company with 100 shareholders and 10,000 shares, how many shares are required to have a controlling position (elect at least 5 of the 9 directors) under cumulative voting?   a. 10,000 b. 1,001 c. 5,001 Full explain this question and text typing work only     We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line

24. When determining whether a partnership exists, which of the following factors would a court consider? Group of answer choices A. Whether the organization intended to make a profit B. Were the participants involved in the management of the business? C. Did the participants have an agreement? D. All of the above

I need answer typing clear urjent no chatgpt plz pls explain all Contracts entered by a public company after obtaining the certificate of incorporation, but before getting the certificate to commence business are termed as: a. Preliminary agreements b. Contracts at arm's length c. Pre-incorporation contracts d. Provisional contracts

The firm X has sales of $420,000, a tax rate of 32%, the payout ratio of 35%, and a net profit margin of 6%. What is the addition to retained earnings? а. $8,316 b. $16,380 c. $12,837 d. $10,503

Activity 3. Examples of Business Organizations based on Ownership DIRECTION: Using the internet, make aresearch about real names of business organizations located in the Philippines and supply the necessary information below (use extra sheet if necessary): Form of Business Name of Business Name of Owner(s) Organization Sole Proprietorship Partnership Corporation

Direction: Write TRUE if the statement is true and FALSE if the statement is false. _1. A written partnership contract is required to be prepared whenever a partnership is formed. _2. All partnerships are subject to income tax. 3. A partner's contribution in the form of industry or service is recorded by debiting the account "Industry". _4. In the partnership books, there are as many capital and drawing accounts as there are partners. _5.A partners contribution in the form of noncash assets should be recorded at its fair market value in the absence of an agreed value. _6.A partnership is much easier and less expensive to organize than corporation. 7. A newly organized partnership should always open a new set of books . _8. All partnerships have at least one general partner. 9. Each partner generally has the authority to enter into contracts which are binding upon the partnership 10. The property invested in a partnership by a partner becomes the property of the partnership.…

One of the ways in which a company is accountable to shareholders is throughthe reports the board of directors present at the Annual General Meeting.Shareholders are able to evaluate the company’s performance and if needs be,take action against the company and/or specific directors. Q.3.3.1 Explain what matters must be discussed at an AGM in terms of theCompanies Act. Q.3.3.2 Your students enquire whether there are any consequences for theboard or particular directors if the financial report raises a numberof questions around authorisation, wasted expenditure, grossmismanagement of the company’s affairs, and avoidable financiallosses. The students ask whether the shareholders, if they areunhappy with a particular director’s conduct, may approach thecourt to have the director declared “unfit” for appointment as adirector.Explain the process to declare a director delinquent or to placeher/him under probation .Provide the following in your answer:• Indicate whether or not a shareholder…

O A duty Question 43 Which of the following is true about mergers? Shareholders of the acquired corporation must be paid a premium on their shares The shareholders of the surviving corporation must approve the merger. The MBCA does not recognize mergers done solely for the profit motive. A merger may be invalidated if it freezes out minority shareholders.

7-To avoid conflicts between partners and to ensure that all the partners are responsible and benefits to the business are well understood, the partnership should have: A partnership agreement A board of directors A legal department Regular meetings

Question 10 I. The dissolution of the partnership discharges the existing liability of any partner. II. The individual property of a deceased partner shall be liable for all obligations of the partnership incurred while he was a partner, but subject to the prior payment of his separate debts.   a. Only I is correct b. Only II is correct c. Both are true d. Both are false

June 7 Issued 4,000 shares of $3 par value common stock for cash of $12 per share Aug. 16 Issued 400 shares of no-par preferred stock for $25,000 cash Sept. 19 Received equipment with a market value of $75,000 in exchange for 5,000 shares of the $3 par value common stock Hi, I'm not totally positive on how to journal these entries.

Question 3Identify and explain any five circumstances under which a partnership may be terminated.