1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
attashe74 [19]
2 years ago
10

When a corporation fails, the maximum that can lost by an investor protected by limited liability is:________

Business
1 answer:
Lorico [155]2 years ago
7 0

When an investor is protected by limited liability, the most they can lose if the company in which they have invested goes bankrupt is the amount that they first invested.
Hence, Investment completes the sentence "...limited liability is an investment. "

This is further explained below.

<h3>What is the investment?</h3>

Generally, When an investor is protected by limited liability, the most they can lose if the company in which they have invested goes bankrupt is the amount that they first invested.

Limited liability is one in which a person's financial obligation is restricted to a certain amount.

This predetermined amount is often equal to the value of the human's stake in a corporation, or firm.

In conclusion, Investing is using money now in the hopes of earning a higher return in the future. The goal of every investment is to provide a return that is higher than the initial outlay of resources

Read more about investment

brainly.com/question/15353704

#SPJ1

You might be interested in
Koebel Corp uses a job order costing system with manufacturing overhead applied to products on the basis of direct labor hours.
Lynna [10]

Answer: See explanation

Explanation:

a. Calculate the predetermined overhead rate Overhead Rate per hour

Predetermined Overhead rate will be the estimated total manufacturing overhead divided by the estimated total direct labor hours. This will be:

= $ 921,600/51,200

= $ 18

(b) Calculate how much manufacturing overhead will be applied to production

Manufacturing overhead that'll be applied to production will be the predetermined overhead rate multiplied by the actual total direct labor hours. This will be:

= $ 18 × 48,900 direct labor hours

= $ 880,200

(c) Is overhead over- or underapplied? By how much?

The Actual Overhead Incurred = $902,900 while the manufacturing overhead applied = $880,200. This shows that overhead is underapplied due to the fact that manufacturing overhead applied is less than the actual overhead that is incurred.

Therefore, the amount of overhead that was underapplied will be:

= $ 902,900 - $ 880,200

= $ 22,700

(d) What account should be adjusted for over-or underapplied overhead? Should the balance be increased or decreased?

Based on the scenario in the question and the answers calculated, the cost of goods sold should be increased.

4 0
3 years ago
2. Alex, Becky, Cindy, Deanna and Elias form a general partnership, Glorious Jeans, to manufacture coffee-colored clothing. Alex
kari74 [83]

Answer:

Under the UPA ( uniform partnership act ) the partners share the profits of the business according to their contributions towards the business ( mostly financial contribution)

The UPA is used to address the issues of profit and loss sharing in a business partnership based on financial contribution towards the business and not based on service rendered to the business hence it won't work in this situation

Explanation:

Under the UPA ( uniform partnership act ) the partners share the profits of the business according to their contributions towards the business ( mostly financial contribution), the primary purpose of the uniform partnership act to to address certain in-formal or formal issue that was not addressed under the business agreement reached between the partners,

The reason why the UPA might not govern the sharing of the profits is because of the involvement of a partner who did not contribute towards the capital but contributes in terms of service. The UPA is used to address the issues of profit and loss sharing in a business partnership based on financial contribution towards the business and not based on service rendered to the business hence it won't work in this situation

4 0
3 years ago
The following types of contracts should be in writing: Contracts involving interests in land. Contracts that cannot, by their te
puteri [66]

Answer:

Contracts required in writing

Explanation:

Contracts that required to be in writing to be enforceable. These contracts are never orally agreed and there is no value of such oral contracts. The contact and promise made by executor to pay debt, promises in consideration of marriage, Sale of goods priced $500 or more should be in writing.

8 0
3 years ago
Whitney Company had no units in process at the beginning of the month. During the month 8,000 new units were started, 6,000 of t
shusha [124]

Answer:

$7.20

Explanation:

                        Units  % Mat.  EUP- Mat.  % Conv.   EUP- Conv.

Units completed &               6000    100%     6000         100%        6000

transferred out

Units in ending inventory    2000    100%     2000         30%          600

Equivalent units of production                     8000                           6600

Cost per Equivalent Unit of Production      

                                                         Materials    Conversion      Total

Beginning costs             -                       -                 -

During the month costs                   <u>$20,800 </u>       <u>$30,360</u>

Total cost                                          $20,800        $30,360

÷ Equivalent units of production     <u>  8.000</u>          <u>   6,600</u>

Cost per equivalent unit                 $2.60             $4.60           $7.20

of production

4 0
2 years ago
Fedex developed a 12-item statistical service quality indicator to measure customer satisfaction and service quality. the index
nikitadnepr [17]

Answer:

The correct option is B: Gap 2

Explanation:

The gaps model of service quality, which is also referred to as the 5 gaps model is a vital framework used by organization to ensure customer satisfaction. The Gap 2 model is normally between the perception of the management and what the actual experience of the customer is. In the Gap 2, managers always ensure that organization are delivering and defining the level of quality service they need. From the question Fedex is dealing with actual customer-defined performance standards and this indicates that they are a closing provider of the gap 2 of the gaps model of service quality.

8 0
3 years ago
Other questions:
  • Maurice can drive or fly from Jacksonville, Florida to Atlanda, Georgia, for a one-day business trip. If he drives, he will be a
    13·1 answer
  • All of Gaylord Corporation's sales are on account. Thirty-five percent of the sales on account are collected in the month of sal
    6·1 answer
  • Countries around the world specialize production, and trade with other countries based upon
    7·1 answer
  • Average fixed costs for a given level of output can be determined graphically by:
    7·1 answer
  • During August, the Filtering Department of Speedwell, Inc. Had a beginning Work-IN Process Inventory balance of 160 units with c
    10·1 answer
  • Which of the following is a problem with information silos? a. isolated decisions b. organized processes c. decreased expense d.
    8·1 answer
  • The 2021 income statement of Anderson Medical Supply Company reported net sales of $12 million, cost of goods sold of $5.5 milli
    8·1 answer
  • Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $
    6·2 answers
  • Applying the lower of cost or market method, the reported value of this company's ending inventory if LCM is applied to individu
    13·1 answer
  • Custom Engines Company has the following estimated costs for the upcoming year: Direct labor costs $62,800 Direct materials used
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!