The major reason for making this type of ownership change is liability protection. A sole proprietor is personally responsible for all the debts his company generates, he can lose everything he has if he generate a big debt. In corporations, there is corporate liability shield which protects the owners of the company from loosing their personal assets as a result of business liability.
Answer:
$100 income, that added fees are only $600.
The correct answer is HIGH SCHOOL TEACHER.
A license or a certification is one of the major method that the government used to ensure that the right set of people are employed to do a particular job. Take teaching, nursing and doctoring for instance, these professionals render their services directly to the people and they have great impacts on the people they attending to, sometimes, the way they render their services to their customers determine whether these people will die or live. So, the government has to ensure that qualified and appropriate people are handling these jobs, that is why certificates and licences are needed to do these kinds of jobs.
Answer: The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. (Option C).
Explanation:
Some of the goals of manufacturing companies are to increase company’s revenue and profit. To achieve this, a company needs to know how to manage its costs and these may cause variances in manufacturing.
The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. These costs are the differences between the actual cost incurred and the set cost. These variances help managers to know if the company is meeting up to the required standard.
