Answer:
She can protect herself by making the business a <u>Single member Limited Liability Company.</u>
Explanation:
When a business is registered as a Limited Liability Company, the business owner cannot be held liable for the debts incurred by the company. The <u>extent of the owner's liability will only be to what he or she has invested in the business</u>.
This means <u>the personal properties of the business owner will not be affected by the Company's debts.</u>
<em>Greta should therefore register her business as a Limited Liability Company to protect herself from the liabilities of the business.</em>
I believe the answer is- marginal benefit!
Answer and Explanation:
The computation is shown below;
a. Total assets are
= Stock + Cash
= [$294,000 ÷ 1500 × 300] + [$300,000 - $225,000 - $69,000]
= $64,800
And, Total expenses is
= Materials + Labor
= $225,000 + $69,000
= $294,000
The Name of the expense is Purchases, Salaries
b. Total assets are
= Cash
= $300,000 - $225,000 - $69,000
= $64,800
And, the Total expenses = $294,000
The Name of the expense is Supplies, Salaries
Answer: verifiable
Explanation:
A financial information is verifiable when the independent measurers get similar results when using the same accounting measurement methods.
In this scenario, the independent measures use thesame method but do their work separately without them knowing the results gotten by the other person. When there's similarity in the results, it shows that the results are verifiable.
For all the technology coming out of China today, its rural community is still very primitive. Farmers in the Western World have found ways to scientifically improve their growing techniques. Crop rotations allow for nutrient rich plants to regenerate the soil every other year. Also letting a field go fallow one years allows for recovery of soil. There are many other ways the West is improving their crops and educating new farmers in agriculture science. However, southeast Asian farmers to do not have access to this technology or sometimes computers/internet. They are using the same techniques that they have for over a thousand years. Until education is available for them or they are taught different they will continue to use the same techniques taught by their father. Even to the detriment of their land.
