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2 years ago

What does it mean to have liability for a company

Business

2 answers:

VLD [36.1K]2 years ago

7 0

Answer:

A liability is an obligation that arises during the business. It represents a third party's claim on a company's assets usually from lenders, creditors, or the company's employees. The later is the result of the imprudence of the company in a certain obligation supposed to provide to the employee. In that case, the company is liable for the damages caused to the worker.

barxatty [35]2 years ago

6 0

It Means if a worker or anyone gets hurt while working or doing something with your company, you need to pay his debts.

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A setting of plainsong with two to four notes per syllable is called:

Anon25 [30]

Neumatic gregorian chant

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3 years ago

Most consumers have only one choice in financing current purchases. (<br> a. true (<br> b. false

ryzh [129]

B. False. There are usually multiple choices depending on credit score and such.

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3 years ago

On May 3, 2020, Cheyenne Company consigned 90 freezers, costing $480 each, to Remmers Company. The cost of shipping the freezers

Viktor [21]

Answer and Explanation:

The computation is shown below;

Inventory Unsold in Hand (90-45) 45

Unit cost Unsold (45 × 480) $21,600.00

Shipping cost on Unit Unsold (850 ÷ 90 × 45) $425.00

Value of Inventory (21600 + 425) $22,025.00

Sale value (45 × 780) $35,100.00

Less: Cost

Unit cost Sold (21600+425) -$22,025.00

Comission of Consignee (35,100 × 6%) -$2,106.00

Advertising cost -$210.00

Installation cost -$330.00

Net Profit $10,429.00

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Less: deduction made by consignee

Comission of Consignee (35100 × 6%) -$2,106.00

Advertising cost -$210.00

Installation cost -$330.00

Net Remittance made by consignee $32,454.00

5 0

3 years ago

Define bank run in your own words.

lina2011 [118]

Answer:

A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously over concerns of the bank's solvency. As more people withdraw their funds, the probability of default increases, prompting more people to withdraw their deposits.

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2 years ago

After obtain a licens,a license must comply with the dbo ommisioner rules and regulations, which is true regarding the finance l

bonufazy [111]

Answer:

True

Explanation:

This is true that no person shall engage in the business of finance broker or finance lender without obtaining a license from the commissioner. All of them shall comply with dbo rules and regulation. if they fail to comply they may face a fine or cancelation of license.

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3 years ago