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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.

To learn more about LLC

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Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2015.

Slav-nsk [51]

Answer:

CHEESE FACTORY INCORPORATED

Income Statement

For the Year Ended August 31, 2015

Revenues:

Sales revenue $1,738,000

Total revenue $1,738,000

Expenses

Salaries and wages expense $975,000

Office expenses $115,000

Utilities expense $550,000

Total expenses $1,640,000

Net income $98,000

CHEESE FACTORY INCORPORATED

Statement of Retained Earnings

For the Year Ended August 31, 2015

Retained earnings, beginning $414,000

Add: Net income $98,000

Less: Dividends $14,000

Retained earnings, ending $498,000

6 0

2 years ago

A used-car dealer has a vehicle on the lot with a sticker price of $5999. if the dealer markup on used vehicles is 20%, how much

cupoosta [38]

A price markup is an increase in the price the dealer sells that he ensures in order to gain guaranteed profit. If the markup is 20%, this means that he added 20% of what he paid for the car, and used this price for sale. Therefore, we let x be the price the dealer paid for the car.

$5999 = x + 0.2x = 1.2x
x = $4999

Thus, the dealer paid $4999 originally for the car.

5 0

2 years ago

Read 2 more answers

Tim owns a mobile home he wants to transform into real property. He attaches the mobile home to an approved foundation; records

kotegsom [21]

Answer:

The answer is: Tim forgot to get a building permit

Explanation:

In order to convert a mobile home into real property, these conditions must be met:

homeowner must obtain a building permit
the mobile home must be attached to a permanent foundation
homeowner must obtain a Certificate of Occupancy
you must have a record stating that the mobile home has been attached to a permanent foundation

Tim complied with three out of the four requirements needed to convert his mobile home into real property, but he forgot the first step.

5 0

3 years ago

You sell Apples and Banana. You are considering selling them together and separately. You have three types of buyers, Banana lov

Natasha2012 [34]

Answer:

Apples and Banana

a) Profit maximizing prices:

i) For Apple = $100

ii) For Banana = $40

b) Profits equal revenue minus costs:

i) For Apple = $100Q - (20 + 10Q) = $60Q

ii) For Banana = $40 - (26.5 + 5Q) = $8.50Q

c) To maximize profit, the price to charge is $100 for Apples and $40 for Banana.

d) I would expect to earn a profit of $68.50 for a set of apple and banana.

Explanation:

To maximize profit, Apple and Banana will be sold separately.

But, selling them together, the best profit maximizing prices will be $100 for Apples and $10 for Banana.

At this combined price, the banana still makes a contribution of $5 per unit towards offsetting the fixed cost of $26.50

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3 years ago

When management and supervisors’ treatment of an employee largely determines that employee’s performance. This is an instance of

Vesnalui [34]

Whilst supervisors look at terrible overall performance in an employee, they're maximum in all likelihood to blame the employee for missing potential.

Whilst businesses treat personnel pretty, everybody wins

Making decision-making transparent.

providing employees with possibilities to offer input/remarks.

Acknowledging employees' contributions.

Making time for personnel to provide input on decisions while feasible.

Treating employees with respect and dignity.

Treating personnel with admiration, showing appreciation for their paintings, and being an encourager will create a preference in personnel to additionally treat clients and clients properly. it will contribute to better productiveness tiers and profitability. It makes employees need to return to work and no longer dread it.

The moves of an employee's direct manager have an important effect on employee engagement. Managers who fail to engage their personnel through growing nice relationships with them can cause an exodus of pinnacle expertise. The price in time and assets to update these employees may be inordinate.

When employees are handled nicely, they may be a long way less in all likelihood to cease, which means that you could store the money and time you'll spend on hiring new employees. selling from within way that employees are much more likely to stay at the job longer, considering that they realize it may result in a higher role and/or salary.

Learn more about employees here: brainly.com/question/1190099

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5 0

1 year ago