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Oksana_A [137]
1 year ago
6

What is the main idea behind limited liability?

Business
2 answers:
ehidna [41]1 year ago
7 0

Answer:

the assets and debts of the business remain separate from the personal assets and debts of the company's owners.

Explanation:

ohaa [14]1 year ago
7 0

Question:  Hello: ) ✨ What is the main idea behind limited liability?

Answer: the assets and debts of the business remain separate from the personal assets and debts of the company's owners. If a company goes bankrupt, creditors cannot therefore go after the owners' personal assets, just that of the business. The purpose of an LLC, or a limited liability company, is to shield the business owner from personal liability for the company's debts. Most states allow residents, individuals who live outside the state or country, other LLCs, corporations, pension plans, and trusts to serve as LLC owners.

Have a nice day/night hun <3

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Francum Company has the following data: direct labor $245,000, direct materials used $198,000, total manufacturing overhead $218
vodka [1.7K]

Answer:

$661,000

Explanation:

Given the above information, Total manufacturing cost is computed as;

= Direct materials used + Direct labor + Total manufacturing overhead

Given that;

Direct materials = $198,000

Direct labor = $245,000

Total manufacturing overhead = $218,000

Then,

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6 0
3 years ago
Jones, Incorporated acquires 15% of Anderson Corporation on January 1, 2020, for $105,000 when the book value of Anderson was $6
koban [17]

Answer: $355000

Explanation:

Based on the information given in the question, the balance in the investment account at December 31, 2021, will be:

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3 0
3 years ago
Park Co.'s wholly-owned subsidiary, Schnell Corp., maintains its accounting records in German marks. Because all of Schnell's br
Novay_Z [31]

Answer: $7600

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The amount that Park should report as a foreign exchange gain in its income statement for the year ended December 31, 20X1 will be $7600.

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8 0
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Which one of the following is an irrational number?
Damm [24]

The irrational number is the square root of 3. (option 3).

<h3>What is the irrational number?</h3>

An irrational number is a number that cannot be expressed as the quotient of two integers. On the other hand, a rational number is a number that can be expressed as a fraction of two integers

The square root of 3 is an irrational number because it cannot be expressed as the quotient of two numbers. The square root of 3 is also known as the Theodorus' constant. It is named after Theodorus of Cyrene the person who proved its an  irrational number.

The square root of 49 and 23 are rational numbers because they can be expressed as the quotient of 7 and 11.5 respectively.

To learn more about rational numbers, please check: brainly.com/question/20435423

#SPJ1

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Factors involved in importing​
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