5. A tenancy in severalty means O A. co-ownership OB. one owner OC. tenancy in common. OD. several successive owners.
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- Dicuss the benefits of Mangement principal?8. How many written days notice must you give an owner before you leave a rented apartment. * A one month B two months O C six months O Done year 9. A document that you and the owner will fill out before you rent an apartment that lists any damages that were in the apartment before you moved in is called alan * O A will O B prenuptial agreement O C power of attorney O Dinventory checklist 10. This document puts your wishes in writing as to how you would like your medical care to be handled if you are unable to make decision for yourself. O A power of attorney Ba trust fund Ca living will O Dan alimony document 11. This is the term we use for all that a person owns. * O A Beneficiary O B An Estate Ca Trust fund O D Whole life insurance fund O Ea Mortgage 12. This document gives you the right to deal with all of the financial aspects of another person life. * O A Power of Attorney O B Health Care Proxy O Ca living will O Da trust fund 13. You should purchase life insurance, and make a…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
- 27. William has a bakery with total assets of P4,000,000 inclusive of a lot with a book value of P1,200,000. Gross income from sales of bread P300,000 Interest on promissory notes of retail store clients 12,000 Royalties on sale of recipe books 36,000 Dividend income from domestic stocks 10,000 Note that William's total asset i s P2,800,000, excluding the lot. Hence, William's business qualifies as a BMBE. If William obtained a certificate of authority to operate as a BMBE, the following items of operating income are exempt from income tax а. Р 300,000 О Б.Р346,000 О с. Р312,000 O d. P 358,000Adel is planning to start new business by investing an amount of R.O 11000 afetr graduation. he doesnot want to join his brother comapny. Identify the type of business. a. Partnership b. Limited Liability Company c. None of these d. Sole ProprietorshipUse the following information for the next four questions: On Jan. 1, 20x1, Red Co. acquires P500,000 face amount, 10%, bonds of Ball Co. for P487,656. Red Co. incurred transaction costs equal to 5% of the face amount of the bonds. The bonds mature on Dec. 31, 20x3 and pay annual interest every Dec. 31. The bonds were quoted at 102 and 104 on Dec. 31, 20x1 and Dec. 31, 20x2. respectively.
- 2:18 40.0 Assignmen... o Forms of Business Administration Assignment Unit - 1 1. What is Join Stock Company? Discuss its types in detail. 2. Explain the difference between Private and Public company. 3. Discuss MOA with its main clauses. 4. Explain the difference between MOA and AOA. 5. Discuss the formation of Join Stock Company. Unit - 2 1. Discuss rights, liabilities and duties of company directors in brief. 2. Explain appointment and selection of directors in brief. 3. Discuss directors with its legal positions. 4. Who is company secretary? Discuss rights, duties and liabilities of company secretary in brief.Coleman An office meander purchases an incivil Desafilty Income policy Will a Chonger & Onapanon provision the sher Laves you as a construction worke notify the ivanance company of his change in Gezuputiom in the event of a cuina, the innance company will NOST kely: OA pary Owsbrity fathe Same on what the premium cand wracid brave puratat in coverage in a construction worker pay a higher Bowlity berait amount as the inanmeh higher coming out the copolyn OC tay the ability ferramenta stated in the guilty dute guy the claim since the insurance company was at aotifler of the inmedts chongs in occupation1 39. each person insured under a group life insurance is a a. shareholder b. beneficiary c. certificate holder d. policyowner
- In 2019 Carl's Carpet Bazar had .net sales totaled $125,000; . incurred taxes: $13,700. . The cost value of the carpets Carl sold was $42,300. . The SG&A were: management salary of $52,000, administrative expenses of $400, and utilities at $900. Calculate Carl's total expenses. UN O $53,300 O $900 O $1,300 O $52,900 O$51,600 In 2019 Carl's Carpet Bazar had net sales totaled $125,000; incurred taxes: $13,700. The cost value of the carpets Carl sold was $42,300. The SG&A were: management salary of $52,000, administrative expenses of $400, and utilities at $900. Calculate Carl's Gross Margin. . . O $82,700 O $29,400 O $15,700 O$98,000 O $11,000 In 2019 Carl's Carpet Bazar had .net sales totaled $125,000; . incurred taxes: $13,700. . The cost value of the carpets Carl sold was $42,300. . • The SG&A were: management salary of $52,000, administrative expenses of $400, and utilities at $900. Calculate Carl's Net Profit before tax. O $29.400 O $82,700 O $353,000 O $15,700 O $133,000 O $21,200…1.1) Differentiate between the different types of partnerships. In your answer:• identify the types of partnership• explain the characteristics of that particular partnership• explain the liability of each of the partners with respect to the type ofpartnership 1.2) Judy is a shareholder in Pat-X Ltd. She believes that she can use the sharecertificate to make a payment. She wants to exchange the certificate for apair of shoes. The last time she checked the shares were valued at a R1000and she figures she could put them to good use. Can she do so? Discuss withreference to the nature of a share certificate.No notice to terminate is required for a tenancy for years. O True O False