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1 year ago

On which tax form do llcs with more than one owner generally report their income and losses?

1 answer:

8 0

An LLC with multiple owners would be taxed as a partnership, meaning each owner would report profit and losses on their personal tax return.

An LLC is a enterprise entity with all of the protection of a agency plus the capacity to skip through any business profits and losses to your non-public earnings tax return. An LLC is a hybrid form of business shape wherein the proprietors of the LLC are referred to as “participants,” and all experience the advantages that an LLC has to provide.

A restrained liability employer (LLC) is a business shape for personal groups inside the united states, one that combines elements of partnerships and companies.

The popular restrained liability organization (LLC) that can be registered internationally may be registered as a confined liability partnership (LLP) or as a personal restricted business enterprise in India.

some of the blessings of an LLC consist of non-public legal responsibility safety, tax flexibility, an clean startup technique, much less compliance office work, control flexibility, distribution flexibility, few ownership regulations, charging orders, and the credibility they are able to provide a business.

The restrained legal responsibility organizations (LLCs) are actually globally famous and usually preferred for business establishments in numerous economic fields of desire. In India, these limited liability businesses are typically and distinguishably called the confined liability partnership (LLP) corporations

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Carter County entered into a capital lease to finance an Emergency-911 telecommunications system. The capitalized cost of the eq

Sloan [31]

Answer:

The second option

Explanation:

Expenditures

Other Financing Source

Cash $185,000

$160,000

25,000

3 0

3 years ago

When every good or service is produced up to the point where the last unit provides a marginal benefit to society equal to the m

Nata [24]

Answer:

Explanation:

Allocative efficiency is when the markets are working in the most economically efficient manner and there are no externalities (no over production or under production of economic goods and services).

Markets are allocative efficiency when the price equals the marginal cost.

Allocative efficiency is at an output which maximizes total consumer welfare.

is reached when no one can be made better off without making someone else worse off.

Occurs when the value that consumers place on a good or service (reflected in the price they are willing and able to paid) equals the cost of the factors resources used up in production.

8 0

3 years ago

Which is the first step toward initiating efficient and effective international business negotiations:

Elza [17]

Answer: Selecting an appropriate negotiation team

Explanation:

The first step toward initiating efficient and effective international business negotiations is selecting an appropriate negotiation team.

When an appropriate negotiation team has been selected to negotiate on behalf of a particular company, negotiation becomes easier and are more feasible and both parties can agree on a particular stance.

6 0

4 years ago

Cost Behavior; High-Low Method [LO2-4, LO2-5] Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The c

vova2212 [387]

Answer:

Y=4200+0.074X

At activity level of 80,000 kilometers total cost is $10,120

Explanation:

Variable cost=(cost at higher activity-cost at lower activity level)/(vol. at higher activity level-vol. at lower activity level)

cost at higher activity level=105000*0.114=$11,970

cost at lower activity level=70000*$0.134=$9,380

variable cost=($11,970-$9,380)/(105,000-70,000)

=$0.074

The cost function is Y=a+bX

where Y is total cost

a is fixed cost

b is the variable cost

X is the volume of output at a particular level of output

by substituting variable cost at higher activity level of 105000 units

$11,970=a+($0.074*105000)

$11,970=a+$7770

a=$11,970-$7,770

a=$4,200

Y=4200+0.074X

If 80,000 kilometers were driven during the year,the total cost is computed thus:

Y=$4200+($0.074*80000)

Y=$4200+$5920

Y=$10,120

5 0

3 years ago

Brustle's Pottery either factors or assigns all of its receivables to other firms. This is known as: a. capital financing. b. ac

Mazyrski [523]

Answer:

Accounts receivable financing

Explanation:

The accounts receivables are used as a collateral to receive a loan from the bank or factor. The amount received are deducted from the loan assigned and the remainder are paid back to the firms. The interest rate is agreed between the factor and firm using invoice discounting. Whereas the factoring is the assigning of the responsibility of accounts receivables management to the other organization. So both of these are the ways through which accounts receivables are used to finance the company's working capital or long term projects.

5 0

3 years ago