Air-7 zsi-Kicto- c tt-f Name: BUSN 379 Please complete the problem below. Answer all questions completely. You are allowed to use your notes and the textbook. Please show all of your work. Add...

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Air-7 zsi-Kicto- c tt-f Name: BUSN 379 Please complete the problem below. Answer all questions completely. You are allowed to use your notes and the textbook. Please show all of your work. Add additional sheets of paper if needed to show your work. 1. Match the following with the questions below: (a) agency theory (b) insider trading (e) sole proprietorship (d) partnership (e) subchapter S corporation (f) articles of partnership (g) capital structure theory (h) corporation The ability to make profits on financial securities because of having knowledge not available to the public. An agreement of partners specifying the ownership interest of a company. A form of organization that represents single person ownership and offers the advantages of simplicity of decision making and low organizational and operational costs. Separate legal entity owned by shareholders who only have limited liability. The study of the relative importance of debt and equity. Examines the relationship between the owners of the firm and the managers of the firm. The form of ownership, in which profit is taxed as direct income to the stockholders and thus is only taxed once. A form of ownership that carries unlimited liability to the owners and where the profits are taxed at individual tax rates of the owners.

Answered Same DayDec 22, 2021

Answer To: Air-7 zsi-Kicto- c tt-f Name: BUSN 379 Please complete the problem below. Answer all questions...

David answered on Dec 22 2021
117 Votes
Solution 1:
__(b)___ The ability to make profits on financial securities because of having knowledge not available to th
e public.
__(f)___ An agreement of partners specifying the ownership interest of a company.
_ (c)____ An agreement of partners specifying the ownership interest of a company.
 __(h)___ Separate legal entity owned by shareholders who only have limited liability.
__(g)___ The study of the relative importance of debt and equity.
__(a)___ Examines the relationship between the owners of the firm and the managers of the firm.
__(e)___ A form of ownership, in which profit is taxed as direct income to the stockholders and thus is only taxed once.
__(d)___ A form of ownership that carries unlimited liability to the owners and where the profits are taxed at individual tax rates of the owners.
Solution 2:
Income Statement
Sales ---------------------------------------------- $2,000,000
Less: Cost of Goods Sold -------------------------1,100,000 (55% of $2,000,000)
Gross Profit ----------------------------------------- 900,000
Less: Selling and Administrative Expense --------200,000
Depreciation expense ------------------------------125,000 (10% of $1,250,000)
EBIT...
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