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Yuliya22 [10]
2 years ago
8

What is a limited liability company (LLC)?

Business
1 answer:
alukav5142 [94]2 years ago
5 0

Answer:

<h3>A limited liability company is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. </h3>

hope it help :)

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in 2020, Mathis Co. at the first year of operations, has financial income of $1,200,000. It has an litigation expense of $3,000,
Ronch [10]

Answer:

Mathis Co.

The Tax payable for 2020 is:

= $1,320,000

Explanation:

a) Data and Calculations:

2020 Financial income =   $1,200,000

add Litigation expense       3,000,000

add installment sales          2,400,000

Adjusted taxable income $6,600,000

Income tax rate = 20%

Tax payable for 2020 = $1,320,000

b) The litigation expense was deducted from the financial income.  This is added back to the income.  Installment sales were not included in the revenue for the financial income of 2020.  This is also added to the financial income.  The net result is the figure for taxable income.  This forms the basis for the application of the income tax rate of 20%.

5 0
3 years ago
1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted d
melamori03 [73]

Answer:

a. $17.44 per hour

b. $43,600 ; $104,640

Explanation:

The computation is shown below:

a. Single plantwide overhead rate equals to

= Total Overhead Amount ÷ Budgeted Direct Labor Hours

where,

Total overhead amount is

= $625,000 + $900,000 + $105,000 + $175,000 + $300,000 + $75,000

= $2,180,000

And, the budgeted direct labor hours is 125,000

So, the overhead rate is

= $2,180,000 ÷ 125,000

= $17.44 per hour

2. Now the overhead cost is

For Deluxe model

= 2,500 direct labor hours × $17.44 per hour

= $43,600

For basic model

= 6,000 direct labor hours × $17.44 per hour

= $104,640

7 0
3 years ago
To create a balanced budget, one must balance needs against what
mamaluj [8]
To create a balanced budget, one must balance needs against wants.

In order to Create a balanced budget you should:

<span>1. Keep track of your </span>financial gain<span> and expenses.</span>
<span>2. Stay on </span>top<span> of your monthly bills.</span>
<span>3. Be </span>ready<span> for </span>surprising<span> expenses.</span>
4. Not overspend.
<span>5. Figure out </span>what quantity you wish to save lots of to satisfy your monetary goals.
8 0
4 years ago
Read 2 more answers
Discounted cash flow methods consider the present value of the cash flows after the recovery of the initial investment. quizlet
masya89 [10]

Discounted cash flow methods do not consider the present value of the cash flows after the recovery of the initial investment.

<h3>What is cash flow?</h3>

A cash flow is a physical or virtual movement of money: a cash flow in its most limited sense is a payment, particularly from one central bank account to another.

A cash flow statement is divided into three sections: operating activities, investments, and financial activities.

Cash flow from assets is the sum of all cash flows related to a company's assets. This data is used to calculate the net amount of cash generated by or used in the operations of a business.

Companies should track and analyze three types of cash flows to determine the liquidity and solvency of their business: cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities.

To know more about cash flow follow the link:

brainly.com/question/735261

#SPJ4

3 0
2 years ago
A written statment that describes the markting problem, the purpise of study and the research methodology to be used is known as
77julia77 [94]

Answer:

Research proposal

Explanation:

Research proposal is a written statement that describes the marketing problem, the purpose of study and the research methodology to be used.

8 0
3 years ago
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