"Winston tells Lenita that he prefers to form an S corporation because he does not want to attach "LLC" to the name of the company. Lenita responds that the option of an S corporation is not available for their situation. Is she correct

Answers

Answer 1

Answer:

D. Yes, because all the owners are not U.S. citizens.

Explanation:

This question is not incomplete.

Please find the incomplete information below.

Winston and Noe patented a mechanism that will change open heart surgery forever. They are setting up a business to produce and sell their invention to hospitals and will take advantage of Noe's non-U.S. citizenship to help with sales in international markets. They hire Lenita, a corporate lawyer, to assist in setting up their business. Winston's largest concern is taxes. Noe, on the other hand, doesn't want to bother keeping corporate minutes and having board meetings as he is too busy. Both are concerned about being sued personally for products liability

As it is mentioned in the question that Winston and Noe wanted to set up a business for producing and selling an invention so that it would result in taking the advantage of non-U.S. citizenship so t it would help in an international market sales. For that,  they hired Lenita, who is a corporate lawyer. At the same time, both the point of view is different. But they being sued for liability of products personally.

In the given scenario, Lanita is correct for the non-availability of the S corporation option as all the owners do not belong from U.S citizens.


Related Questions

You are the financial manager of Monsteria (Pty) Ltd ("Monsteria"), a company within the horticultural industry. Monsteria currently runs a very popular online store supplying indoor and outdoor plants to both corporate and private clients. Monsteria has grown at an exponential rate and now wishes to raise funds for the building of their very first brick-and-mortar retail store which will offer the public an opportunity to shop in store for their plant needs. In your capacity as financial manager, you will need to calculate the weighted average cost of capital (WACC) to assess the expected minimum return from the project. You have been provided with the following information. The following is an extract from the statement of financial position as at 30 April 2022: EQUITY AND LIABILITIES Total Equity Ordinary Shares 10% Preference Shares Non-current liabilities 11.5% Long term loan 8% Debentures Current Liabilities Trade and other payables Bank overdraft Total Equity and Liabilities Notes Additional Information: 5. The current prime rate is 9.25% 6. The corporate taxation rate is 28%. Notes Required: 1 2 3 4 5 R'000 5 500 800 2 000 6 000 500 1. Ordinary shares were initially issued at R6.40 per share. The shares currently have a market value of R7.80 per share. MonExt has a beta of 1.5, a risk-free rate of 8% and a market risk premium of 7%. 2. Three years ago, the preference shares were issued at R4 each. Similar preference shares are currently trading at 10%. 3. The long-term loan, issued on 30 April 2020, is repayable in full in five years' time. The effective pre-tax cost of debt is 4% above prime. 4. The debentures were issued at the beginning of this current financial year (1 May 2021) and will be redeemed at a discount of 7% on 30 April 2025. The market rate for similar debentures is 8,5%. 1 000 Using the information above, fill in the WACC table provided to calculate the final WACC.​

You are the financial manager of Monsteria (Pty) Ltd ("Monsteria"), a company within the horticultural

Answers

The financial manager of Monsteria (Pty) Ltd ("Monsteria"), an employer in the horticultural enterprise.

The WACC table is provided to calculate the final WACC: WACC primarily based on the given statistics and take a look at whether the funding return of five.5% exceeds its value of capital if the tax price is 32%.

Financial managers perform data evaluation and advocate for senior managers on earnings-maximizing ideas. economic managers are liable for the financial health of an employer. they invent financial reports, direct funding activities, and develop plans for the long-term economic dreams of their company.

To be a successful financial manager calls for abilities that include forecasting, growing economic reviews, developing dealerships, making sure compliance, and information licensed public accounting.

Financial managers normally oversee the monetary health of an organization and assist make certain its persisted viability. They supervise vital functions, along with tracking coins float, figuring out profitability, managing costs, and generating accurate economic records.

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What is installment debt?

Answers

no se inglés mano / I don't know English, I'm from Mexico

Answer:an installment is a loan that is repaid in regular installments.

Explanation:meaning of installment a sum of money due as one of several equal payments of something

You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is

A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic

Answers

Answer:

C) price elastic.

Explanation:

the legal affairs attorney working at AMD would most likely occupy an

Answers

The legal affairs attorney working at AMD would most likely occupy an in-house counsel position.

What is inhouse counsel

An in-house counsel is a lawyer who is employed by a company or organization to provide legal advice and representation on a range of legal issues related to the company's operations, contracts, intellectual property, compliance, and litigation.

The role of an in-house counsel is to ensure that the company's actions and policies comply with relevant laws and regulations and to represent the company in legal proceedings when necessary. The in-house counsel works closely with the company's executives and employees to provide legal guidance and to identify and mitigate potential legal risks.

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Team __________ occurs when individuals and departments rely on other individuals and departments for information or resources to accomplish their work.

Answers

Answer:

Team interdependence

Many industries have experienced increased consolidation over the last decade due to an increase in
A. strategic alliances.
B. vertical integration.
C. horizontal integration.
D. franchising.
E. diversification.

Answers

Over the past decade, many industries have experienced increased consolidation due to increased horizontal integration.

The required details for Horizontal integration in given paragraph

Horizontal integration is the acquisition of a company that is active at the same value-added level in the same industry, i.e. H. manufactures or offers similar goods or services. This is in contrast to vertical integration, where companies expand their operations to higher or lower levels that are in different stages of production. Horizontal integration is a business strategy where a company expands its operations to the same level in the extended industry. Horizontal integrations help companies grow and increase sales, enter new markets, diversify product offerings, and reduce competition. Disadvantages of horizontal integration include regulatory oversight , limited consumer choice and less internal flexibility and the ability to destroy value instead of creating it. A company can integrate horizontally by merging with another company, acquiring another company, or expands its own business internally.

An opposite approach to horizontal integration is vertical integration, where a company acquires a company operating in the same industry but at a different stage in the production process.

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8. Pure Expectations Theory
I completed this problem on the pure expectations theory.
Is this correct?

8. Pure Expectations TheoryI completed this problem on the pure expectations theory. Is this correct?
8. Pure Expectations TheoryI completed this problem on the pure expectations theory. Is this correct?

Answers

The pure expectations' theory of the yield curve includes following:-

A flat yield curve suggests that the market thinks interest rates in the future will be the same as they are today.Long-term interest rates are based on expectations of what short-term interest rates will be in the future.An upward-sloping yield curve implies that the market thinks short-term interest rates are going to be higher in the future than they currently are.

Hence, option 2nd, 3rd and 4th are correct.

What is pure expectations' theory?

According to pure expectations' theory, the various maturities are substitutes, and the form of the yield curve is determined by the market's anticipation of future interest rates.

This theory states that yields fluctuate over time, but it fails to specify the specifics of yield curve forms. Therefore, it can be concluded that option 2nd, 3rd and 4th are correct.

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Which of the following are examples of chemical energy being released or stored?
Fireworks burning and exploding in the sky
The wind blowing a seed through the sky
A guitar string making sounds
I only
I and II only
I and III only
I, II, and III

Answers

the answer is 1 only.

An income statement compares: a) revenue and sales. b) sales and expenses. c) expenses and assets. d) assets and liabilities

Answers

The purpose of an income statement is to compare b) sales and expenses.

What is an income statement?

An income statement is a financial statement that a company uses to find out how much profit they have made over the course of an operating period which is often a year.

The first entry into an income statement is sales. This can also be called service revenue for service providing companies. Expenses are then deducted from this revenue to find out the net income. This means that an income statement compares revenue / sales and expense.

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A business during which stage of a business life-cycle is most likely to have profits without cash?
a. Start up
b. Mature
c. Declining
d. Bankrupt

Answers

During a growth stage, your business may begin to make more money, breaking even, becoming profitable or increasing profitability.

What is growth stage?

Growth stage or the growth and expansion stage is the second of five key phases in the business life cycle. The life cycle also includes launch, shake-out, maturity, and decline. During the growth stage, a startup will see sales increase rapidly. This is the phase in which businesses start to see profit.

What is business maturity stage?

The maturity stage is when the sales begin to level off from the rapid growth period. At this point, companies begin to reduce their prices so they can stay competitive amongst the growing competition.

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5. Kelly Fisher has a total of $30,000 invested in two municipal bonds that have yields of 8% and 10% interest per year, respectively. If the interest Kelly receives from the bonds in a year is $2640, how much does she have invested in each bond

Answers

Answer:

$18,000

$12,000

Explanation:

The formula for simple interest = (P x R × T ) / 100

P = principal

R = interest rate

T = time

Let x = amount invested in the bond thay yields 8%

And y = amount invested in the bond thay yields 10%

We know that

X + y = $30,000

And

0.08X + 0.10y = $2640

We have to solve for x and y using simultaneous equation

Make y the subject of the formula in the first equation

Y = $30,000 - x

Substitute for y in the second equation:

0.08x + 0.10 ($30,000 - x ) = $2640

0.08x + 3,000 - 0.10x = $2640

Collect like terms and solve for x

-0.02×=$-360

× = $18,000

Substitute for x in the first equation , y = $12,000

I hope my answer helps you

Kelly have invested in each bond :

The formula for simple interest = (P x R × T ) / 100

P = principal R = interest rate T = time

Let x = amount invested in the bond that yields 8%.

Let y = amount invested in the bond that yields 10%.  

Given Information:

         X + y = $30,000

                and

      0.08X + 0.10y = $2640

Solve for x and y using simultaneous equation.

Making y the subject of the formula in the first equation.

            Y = $30,000 - x

Substitute for y in the second equation:

0.08x + 0.10 ($30,000 - x ) = $2640 0.08x + 3,000 - 0.10x = $2640

Collect like terms and solve for x

-0.02×=$-360 × = $18,000

Substitute for x in the first equation , y = $12,000

Kelly have invested $12,000 in each bond.

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It is a computational model of a single neuron that is made up of one or mor inputs, a processor, and a single output.

Answers

A perceptron is a computational model of a single neuron that is made up of one or mor inputs, a processor, and a single output.

What is a perceptron ?

A perceptron is a simple computational model of a neuron that is made up of one or more inputs, a processor, and a single output. The inputs are weighted and summed, and the output is determined by a threshold.

Perceptrons can be used to perform simple tasks, such as classification and regression. They are also the building blocks of more complex neural networks, such as deep learning networks.

Perceptrons are a simple but powerful tool for computation. They can be used to perform a variety of tasks, and they are the building blocks of more complex neural networks.

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suppose promoters of xyz music concerts knows that if they charge 400birr pertcket 2000 people would buy thetickets for conserts and if charge 200birr perticket 4000 people would by tickets over this pirce range A, find pirce elasticity of damand B, uhat types of price elasticity of damand​

Answers

A.Price Elasticity of Demand is 1.

B.In other words, the increase or decrease in the quantity demanded is directly proportional to the change in price.


To calculate the price elasticity of demand, we can use the formula:

Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price

A. Calculating the percentage change in quantity demanded:

Change in Quantity Demanded = 4000 - 2000 = 2000

Average Quantity Demanded = (4000 + 2000) / 2 = 3000

Percentage Change in Quantity Demanded = (Change in Quantity Demanded / Average Quantity Demanded) * 100

                                = (2000 / 3000) * 100

                                ≈ 66.67%

Next, let's calculate the percentage change in price:

Change in Price = 400 - 200 = 200

Average Price = (400 + 200) / 2 = 300

Percentage Change in Price = (Change in Price / Average Price) * 100

                         = (200 / 300) * 100

                         ≈ 66.67%

Now, we can calculate the price elasticity of demand:

Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price

                         = 66.67% / 66.67%

                         = 1

B. Since the price elasticity of demand is equal to 1, it indicates unitary price elasticity of demand. This means  In other words, the increase or decrease in the quantity demanded is directly proportional to the change in price.

This suggests that consumers are highly responsive to price changes, and a small increase or decrease in price can lead to an equivalent change in the number of tickets sold.

that the demand for tickets is perfectly elastic within this price range.

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Managing debt begins with

Answers

Refreshing your budget

What checks are checks which have been paid and returned with your statement

Answers

Canceled checks are checks which have been paid and returned with your statement.

A statement of work should contain; a top-level view, governance detail, the approach, levels and responsibilities, deliverables, timeline and milestones, estimate and charge agenda, and any assumptions.

You may keep away from the phrase “declaration” unless you're talking or writing about something formal, inclusive of written or spoken statistics from a central authority reliable. English instructors on occasion use the phrase “assertion,” however happily you shouldn't!

A declaration sentence, also called a declarative sentence, is a sentence this is used to bring a concept, assertion, or reality to the man or woman analyzing it. they are one of the four types of sentence shapes, and they may be also the sort that humans use maximum usually.

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Which of the following is not something you typically see on your paycheck?
The pay period
Your identifying information
Deductions for federal or state taxes
Your dependents’ names

Answers

your dependents name

Based on what you see in the Employee Complaint Log, what type of culture has HyrdoHealth been exhibiting?

Answers

Answer:

organization has a team oriented culture because it is collaborative and values teamwork and cooperation among employees.

Explanation:

hope this helps if not please let me know

what is the difference between hire purchase and differed payment?​

Answers

Explanation:

In deferred payment, the borrower will agreed to pay certain amount of money on the promised date. ... In hire purchase, the purchaser will be getting the belongings without paying the full price of the item. The purchasers would make down payment and the balance is paid in installments.

Explanation:

Hire purchase is a system by which one pays for a thing in regular installments while having the use of it but deferred payments are payments that are completely or partially postponed for financial reasons

Hotel rooms in Smalltown go for $100, and 800 rooms are rented on a typical day.
To raise revenue, the mayor decides to charge hotels a tax of $12 per rented room. After the tax is imposed, the going rate rises to $110, and the number of rooms rented falls to 700.

Answers

Demand theory causes all conditions to change from 800 quantity demanded to 700 quantity demanded.

The demand theory is what?

In the beginning, there are 800 rooms available for rent for a total cost of $100.

But, after the $10 tax was implemented, prices went up by $110, which diminished demand and resulted in 700 fewer rooms being rented (decreased).Buyers will demand fewer units of a good at a higher price, in accordance with the rule of demand, a fundamental cornerstone of economics. The law of diminishing marginal utility, which states that consumers utilise economic commodities to initially meet their most pressing demands, is what drives demand.

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You have turned on the reminders feature in QuickBooks Online. Which of the following is not something you can do with reminders?

Answers

Answer:

However, in general, the reminders feature in QuickBooks Online allows you to create and manage reminders for various tasks, such as paying bills or invoicing customers. You can customize the frequency and timing of the reminders, and choose to receive them via email, pop-up notifications, or mobile alerts. Some things you cannot do with reminders may include customizing the reminder templates or automating certain actions based on the reminders

Discuss why positive thinking is critical in starting the entrepreneurship journey

Answers

Positive thinking is critical in the entrepreneurial journey for several reasons:

1. Motivation: Starting a business can be challenging, and there will be times when things don't go as planned. Positive thinking can help entrepreneurs stay motivated and focused on their goals, even when faced with obstacles.

2. Resilience: Entrepreneurship is a journey filled with ups and downs. Positive thinking helps entrepreneurs build resilience and bounce back from setbacks quickly. It enables them to focus on solutions rather than dwelling on the problems.

3. Creativity: Positive thinking encourages entrepreneurs to think creatively and come up with innovative solutions to problems. Positivity can help entrepreneurs see possibilities where others may only see challenges.

4. Confidence: A positive mindset can help entrepreneurs approach challenges with confidence, which can be critical when making important business decisions. It helps entrepreneurs believe in their abilities and their vision, which can be contagious and attract others to their business.

5. Networking: Positive thinking can also help entrepreneurs build strong relationships with others. People are naturally drawn to positive individuals, and this can help entrepreneurs build a strong network of supporters, mentors, and partners.

In summary, positive thinking is critical in the entrepreneurial journey because it helps entrepreneurs stay motivated, builds resilience, encourages creativity, boosts confidence, and enables entrepreneurs to build strong relationships with others.

a diamond poem for economy

Answers

here is the poem! hope you like it :)

Explanation:

There are some economic ways to live

to prevent monitary disaster

try being thoughtful when you try to give

you will always grow happier faster

conserve and waste not for it shall have cost

money you save is the money you earned

it is hard to get back what you have lost

show every one the knowledge you have learned

try to buy what you need and nothing more

being over indulgence is not good

do not hang out at the department store

would try to go to the park if I could

it's very good for ecnomy to spend

but all the wastifulness has to end

6 of 10
How could defaulting on a loan or having a high debt-to-income ratio
impact your future opportunities?
It can improve your credit score and make it easy to borrow money for big
purchases like a house or car.
It can block affordable options in your searching algorithms.
There is no impact on future opportunities.
It can lower your credit score and make it difficult to borrow money for big
purchases like a house or car.

Answers

Like defaulting on a loan or having a high debt-to-income ratio

impact your future opportunities, in the sense that you can lower your credit score and make it difficult to borrow money for large purchases like a house or car.

How to improve your credit score?

It is essential that the individual has a financial plan so that he can meet his responsibilities on a loan in the amount and date agreed by contract. Timely payments are essential to raise your credit score, there are some features that help with this purpose, such as pre-scheduled payments to be automatically debited.

Therefore, personal financial planning is an essential tool for citizens to make financial decisions in line with their reality, a personal budget will help to better understand their income and expenses, and consequently, better manage their money.

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what do you think makes us free​

Answers

Answer:

Refers to the ability of a person to act out of his own free will and self-determination. This means that a person may decide to act or not to act, and these decisions are made out of his own free will. also means that a person may act even if he is not required or called to take action.

Explanation:

An electronic card that is derectly connected to a checking account is known as a

Answers

Answer:

debit card 

Explanation:

a checking account is also known as a savings account

PLEASE HELP ME IM STUCK ON THIS

PLEASE HELP ME IM STUCK ON THIS

Answers

C because it’s something you pay every month
It’s C because it’s a monthly thing. You pay for it every month until it’s canceled.

What percentage of the U.S. gross national product is spent on projects each year in the US alone?

Answers

Answer:

25 percent

Explanation:

25% percentage of the U.S. gross national product is spent on projects each year.

What is gross national product?

The Gross national income (GNI), recently known as gross national product (GNP), is the complete homegrown and unfamiliar result guaranteed by inhabitants of a nation, comprising of GDP.

Essentially, GNP implies how a nation's kin add to its economy. It thinks about citizenship, no matter what the area of the possession. GNP does exclude unfamiliar inhabitants' income acquired inside the country. GNP additionally includes no income acquired in India by unfamiliar occupants or organizations, and rejects products made in the country by unfamiliar organizations.

In computation, GNP adds government use, individual utilization use, confidential homegrown ventures, net commodities, and income acquired by nationals abroad, and wipes out the income of unfamiliar occupants inside the homegrown economy. Besides, GNP overlooks the worth of middle person merchandise to abstain from twofold counting, as these passages get remembered for the worth of eventual outcomes and administrations.

Therefore 25% is actually spent on projects each other.

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A project has the following projected outcomes in dollars:______. $210, $340, and $520. The probabilities of their outcomes are 20%, 50%, and 30% respectively. What is the expected value of these outcomes?

Answers

Answer:

Expected value of these outcomes is $368

Explanation:

Expected value is the weighted average value of random variable. It is the sum of all the probable outcome.

Expected value can be calculated as follow

Outcomes ________ Probabilities _________ Expected values

$210 _______________ 20% ________________ $42

$340 _______________ 50% ________________ $170

$520 _______________ 30% ________________ $156

Total ____________________________________ $368

Which speaker most supports the ideals of a command economy?
Speaker 1: Economies today are too complicated. People should have simple
lives and just do the jobs their families have done for generations.
Speaker 2: Private corporations care only about profits, not about people. The
government should take over the corporations and put the workers in charge.
Speaker 3: The government needs to stop interfering with the economy.
Big companies are rich because they do a good job providing the goods
everyone needs.
Speaker 4: People are too extreme in their economic viewpoints. There should
be a middle ground between total corporate freedom and the government
running the economy.
A. Speaker 3
B. Speaker 4
C. Speaker 2
O
o
D. Speaker 1

Answers

Answer: SPEAKER 2

Explanation:

Speaker 2: Private corporations care only about profits, not about people. This is the correct option.

What are Private corporations?

Private corporations, also known as privately-held companies, are businesses that are owned by a small group of individuals or entities and are not publicly traded on stock exchanges.

Private corporations are not required to disclose their financial information to the public, which allows them to maintain greater control over their operations and strategic decisions.

Some examples of private corporations include family-owned businesses, small and medium-sized enterprises, and startups. Private corporations can operate in a variety of industries, including manufacturing, retail, services, and technology.

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All of the following are advantages for organizing a business as a sole proprietorship except
O a sole proprietorship is a simple form of business to set up.
O a sole proprietorship receives more favorable tax treatment.
O a sole proprietorship gives the owner control of the business.
O a sole proprietorship allows for an easy transfer of ownership through stock sales.

Answers

Advantages for organizing a business as a sole proprietorship except  a sole proprietorship allows for an easy transfer of ownership through stock sales.

What is the main disadvantage of a sole proprietorship?

Lack of liability protection is the sole proprietorship's biggest drawback. Since there is no concept of a legal entity in business, every liability is a personal liability. Therefore, the owners are exclusively responsible for the business even though they have the ability to oversee and make decisions on their own.

What are the advantage of sole proprietorship?

Starting costs are minimal. You enjoy the utmost solitude. Your company may be established and run easily. If circumstances change, it's simple to change your legal structure afterwards. It's also simple to close down your firm.

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