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3 years ago

A business entity operated and taxed like a partnership, but with limited liability for the owners, is called a:

Business

1 answer:

Masteriza [31]3 years ago

8 0

Answer: A. limited liability company.

Explanation:

A Limited Liability Company (LLC) is a type of company that is operated and taxed like a partnership for instance, profits that flow to the partners are taxed on the partner's income but not on the firm to prevent double taxation. This is called Flow-Through Taxation.

They operate with limited Liability for the owners because the owners are only personally liable for the debts and liabilities the company has up until the capital they invested. Anything past this and they cannot be held liable.

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Lan loaned his friend $25,000 to start a new business. He considers this loan to be an investment, and therefore requires his fr

Setler [38]

Answer:

Question Incorrect

Explanation:

4 0

2 years ago

A small business has determined that the machinery they currently use will wear out in 16 years. To replace the new machine when

Vlad [161]

Answer:

The initial deposit should be of: $97,439.62

Explanation:

Giving the following information:

To replace the new machine when it wears out, the company wants to establish a savings account today. The interest rate on the account is 1.9 percent per quarter and the cost of the machinery is $325,000.

To calculate the initial investment required, we need to use a variation on the simple interest future value formula:

FV= PV*(1+i)^n

PV= present value

Isolating PV:

PV= FV/(1+i)^n

i= 0.019

n= 4*16= 64

FV= 325,000

PV= 325,000/ (1.019^64)= $97,439.62

8 0

3 years ago

Alyssa has set up a personal budget with total monthly expenditures of $ 3250. If 20 percent sign of her income is taken out of

sveta [45]

The minimum amount that Alyssa must <em>earn per month</em> to cover her budget is $4,062.50.

Data and Calculations:

Monthly expenditures = $3,250

Taxes and other deductions = 20% of monthly income

Monthly expenditures in percentage = 80% (1 - 20%)

Minimum income per month = $4,062.50 ($3,250/80%)

Thus, the minimum amount that Alyssa must <em>earn per month</em> to cover her budget is $4,062.50.

Learn more: brainly.com/question/25571450

6 0

2 years ago

If Toys R Us and FAO Schwartz decided to join to form one company this activity would be called a(n)

Marianna [84]

This would be called a merger

3 0

2 years ago

The cost of materials transferred into the Rolling Department of Keystone Steel Company is $510,000 from the Casting Department.

Valentin [98]

Answer:

Part a

Debit : Work in Process - Rolling Department $510,000

Credit : Work in Process - Casting Department $510,000

Part b

Debit : Work in Process - Overheads $54,700

Debit : Work in Process - Direct labor $26,500

Credit : Accounts Payable $81,200

Part c

Debit : Finished Goods Inventory $553,200

Credit : Work in Process - Rolling Department $553,200

Part d

Debit : Finished Goods Inventory $553,200

Credit : Work in Process - Rolling Department $553,200

Part e

$18200 credit

Explanation:

Ending Balance = Opening Balance + Additions - Transfers out

therefore,

Rolling Department balance = $25,000 + $510,000 - $553,200

= ($18200)

Also see journal prepared above.

8 0

2 years ago