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1 year ago

A limited liability company is created through filing the ________ with a state official.

1 answer:

3 0

The formation of a limited liability company is accomplished by filing the limited liability company (with a state official.

A limited liability company is a corporate structure that protects its owners from being personally sued for repayment of the company's debts or liabilities (LLC).

How we form an LLC?

Although the rules for LLCs differ per state, there are some broad similarities. The first step for owners or members is to pick a name.
Articles of incorporation are filed, together with a fee paid to the state. After that, the articles of incorporation can be recorded and filed with the state.
These articles define each LLC member's rights, responsibilities, powers, liabilities, and other obligations.
The paperwork also include the names and addresses of the LLC's members, the name of the registered agent, and the company statement of purpose.

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Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 4,000 Salaries expense 1,500

matrenka [14]

Explanation:

The preparation of the end December Income statement for Cowboy Law Firm is presented below:

Cowboy Law Firm

Income statement

Revenue

Service Revenue $7,900

Total revenues $7,900 (A)

Less: Expenses

Salaries expense $1,500

Utilities expense $1,000

Total expenses $2,500 (B)

Net income $5,400 (A- B)

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3 years ago

When the expected inflation rate increases, the real cost of borrowing ________ and bond supply ________, everything else held c

Dafna1 [17]

Answer:

The answer is: C) decreases ; increases

Explanation:

The real cost of borrowing is calculated by adjusting the nominal cost of borrowing by the inflation rate. This means that if the inflation rate increases, then the adjusted real cost of borrowing will decrease.

The inflation rate increases when country´s money supply growth rate outpaces its economic growth. So when the inflation rate increases (lowering the real cost of borrowing), borrowers are more likely to issue bonds, increasing the bond supply.

4 0

3 years ago

Incorrect answer. Your answer is incorrect. Try again.

liubo4ka [24]

Answer:

Dealer Market

Explanation:

In a dealer market, multiple dealers give out their various prices on the sales and purchases of their specific and particular security of instrument. It is a financial tool for dealers in the market. The dealer market becomes more efficient for financial securities because it provides superior mechanism which should be protected.

It enables buyers and sellers to buy and sell independently through the market makers, known as dealers.

Foreign exchange and bonds are found in the dealer market.

In the secondary market, securities are traded by investors while in the primary market, they are created.

3 0

3 years ago

during its first year of operations, silverman company paid $11,440 for direct materials and $9,900 for production workers' wage

algol13

The amount of finished goods inventory on the balance sheet at year-end is $11,880

What is the cost of producing 5,600 units?

The cost of producing the finished goods of 5,600 units is the sum of direct materials, workers' wages and lease payments and utilities on the production facilities

total production costs=direct materials+ production workers' wages+ lease payments and utilities on the production facilities

total production costs=$11,440+$9,900+$8,900

total production costs=$30,240

cost per unit=$30,240/5,600

The finished goods inventory is units produced minus the units sold

finished goods inventory=5600-3400

finished goods inventory=2,200

finished goods inventory on the balance sheet=2200*$30,240/5,600

finished goods inventory on the balance sheet=$11,880

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4 0

1 year ago

The bank statement contained two bank memoranda:1. A credit of $2,242.00 for the collection for Bogalusa Company of an electroni

serious [3.7K]

Answer:

Cash 2,157 debit

bank service expense 85 debit

account receivables 2,242 credit

Explanation:

To record the bank memorand:

The collection in behalf of the firm will increase cash

The new print the checks will be considered either miscellaneuos expense or bank service expense either way, will decrease cash.

Net cash variation: 2,242 - 85 = 2,157

For the Company errors another entry will be made looking for errors between our numebrs and the bank.

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4 years ago