Identify (By Letter) Each of the Following Characteristics as Being

question 132

Essay

Identify (by letter) each of the following characteristics as being an advantage, a disadvantage, or not applicable to the corporate form of business organization.
A = Advantage
D = Disadvantage
N = Not Applicable
Characteristics
1. Separate legal entity
2. Taxable entity resulting in additional taxes
3. Continuous life
4. Unlimited liability of owners
5. Government regulation
6. Separation of ownership and management
7. Ability to acquire capital
8. Ease of transfer of ownership

Distinguish between the concepts of magnetic fields and magnetic pole polarities.

Identify the relationship between rotor speed, stator magnetic field, and the generation of torque in induction motors.

Describe the phenomena of slip in induction motors and its importance.

Understand the principle of the electromagnetic induction process in the rotor.

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Definitions:

Accounts Receivable

Pending payments to a company from its customers for merchandise or services that have already been given.

Allowance Method

An accounting technique used to estimate and account for bad debts expense, building an allowance for doubtful accounts.

Bad Debts Expense

The cost associated with accounts receivable that a company cannot collect and thus writes off as a loss.

Allowance for Doubtful Accounts

A valuation account used to estimate the portion of a company's accounts receivable that may not be collectible.