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MariettaO [177]
3 years ago
12

Brad and Jeevan would like to start a new business selling a product new to the U.S. market. Brad and Jeevan have done a conside

rable amount of research on this product and think it would be successful in the United States. However, they are still concerned about the risk of a new venture, and both would like to avoid losing any personal assets. They should organize their firm as a:___________
Business
1 answer:
Fynjy0 [20]3 years ago
5 0

In order to avoid losing personal assets, Brad and Jeevan should organize their firm as a <u>Corporation</u>.

<h3>Why would a corporation be best?</h3>

A corporation is considered a separate entity from its owners for tax and legal purposes.

This means that if Brad and Jeevan were to make their firm a corporation, they would not have to worry about their personal assets being seized in the case that the firm suffers losses.

In conclusion, they should create a corporation.

Find out more on corporations at brainly.com/question/1624317.

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An accounting entry that is characterized by having multiple debits​ and/or multiple credits is called a​ ________ entry. A. com
mario62 [17]

Answer:

A. compound journal entry

Explanation:

Compound journal entry -

It refers to the type of accounting entry , which consists of more than one debit or credit , is referred to as compound journal entry .

It is the combination of various simple journal entries together to form a compound journal entry .

Hence , from the given information of the question,

The correct option is A. compound journal entry .

8 0
3 years ago
Difference between uninsurable and insurable risks
Airida [17]
Uninsurable risk : The risk cannot be estimated and not probable to forsee

Example : You cannot insure you losing or winning the lottery

Insurable Risk : If the risk is can be estimated and probable to forsee

Example : A football player insure their legs from potential injury

hope this helps
6 0
4 years ago
Read 2 more answers
What does the government do with the money it collects as taxes?
Bogdan [553]

The primary source of revenue for the U.S. government in 2022 become individual earnings Taxes. revenue accumulated by the U.S. government is used to fund an expansion of goods, programs, and services to assist the yankee public and pay hobby incurred from borrowing.

Taxes are mandatory contributions levied on individuals or organizations via a government entity—whether or not nearby, regional, or country wide. Tax revenues finance authorities sports, along with public works and offerings which includes roads and faculties, or programs including Social safety and Medicare.

All residents have to pay taxes, and with the aid of doing so, make contributions their honest percentage to the fitness of the authorities and countrywide economic system. The federal taxes you pay are utilized by the authorities to put money into technology and education, and to offer goods and services for the benefit of the american people.

Learn more about government Taxes here:

brainly.com/question/28412074

#SPJ4

4 0
2 years ago
Brace Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct
Levart [38]

Answer:

D. $511,920

Explanation:

For determining the estimated manufaturing overhead first determined the predetermined overhead which is shown below:

= (Actual manufacturing overhead - underapplied overhead) ÷ (actual direct labor hours)

= ($506,920 - $23,440) ÷ (20,400 hours)

= $23.7

Now the estimated manufacturing overhead is

= $23.7 × 21,600 hours

= $511,920

5 0
4 years ago
Imagine if Metallica had it’s music on iTunes (where customers have to pay for downloads). In a 48 hour period, how much money d
erastova [34]
It can be caused by an earthquake or volcano but then you can add 5
7 0
3 years ago
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