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3 years ago

What does it mean to have liability for a company

Business

2 answers:

VLD [36.1K]3 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]3 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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3 years ago

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3 years ago

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Answer:

Explanation:

Provided that there are two categories of workers:

Blue Collar and white collar

Rate of blue collar = $600 per week

Rate of white collar = $1,000 per week

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y $\times$ $600 + (50 - y) $\times$ $1,000 = $42,000

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3 years ago