Answer: c. shields the personal assets of owners from liability claims.
Explanation:
An advantage of limited liability is that it shields the personal assets of owners from liability claims.
For a limited liability company, it should be noted that the liabilities of the members in the company for the debts that are incurred are limited only to the investment of the members. Personal assets are not affected if the company first into debt.
Answer:
The compliance officers is to provide an inspection warrant before entering the work site.
Explanation:
OSHA is an abbreviation for Occupational Safety and Health Administration. This are compliance safety and health officers inspectors committed to strong, fair, and effective enforcement of safety and health requirements in the workplace at every time. They are trained, experienced and backed by law to ensure industrial hygienists, safety, compliance with OSHA requirements and help employers and workers reduce on-the-job hazards and prevent injuries, illnesses, and deaths in the workplace.
OSHA conducts inspections without advance notice and employers have the right to ask the compliance officers to provide an inspection warrant before entering the worksite.
Answer:
The vertical analysis based on net sales would show 45.94% and 74.13% for cost of goods sold.
Explanation:
Vertical Analysis: The vertical analysis does the analysis of the financial statements which is based on the sales value.
In mathematically,
Vertical Analysis = Financial Statement item ÷ sales value × 100
So,
For the cost of good sold. the vertical analysis would be:
For the Latest amount of cost of good sold:
= Latest amount of cost of goods sold ÷ Latest sales value × 100
= $17,000 ÷ $37,000 × 100
= 45.94%
For the updated amount of cost of goods sold:
= updated amount of cost of goods sold ÷ updated sales value × 100
= $43,000 ÷ $58,000 × 100
= 74.13%
Hence, the vertical analysis based on net sales would show 45.94% and 74.13% for the cost of goods sold.
Answer:
$890,187
Explanation:
the number of equivalent units completed = units started + beginning work in process = 69,000 units + 29,000 = 98,000 units
the number of units completed and transferred out = 29,000 + 69,000 - 15,000 = 83,000
ending WIP equivalent units:
- materials cost 100% = 15,000
- conversion costs 50% = 7,500
total materials cost per unit = $555,000 / 98,000 units = $5.663265
total conversion costs per unit = $458,100 / 90,500 units = $5.061878
total cost of manufactured goods under the weighted average method = 83,000 x ($5.6633 + $5.0619) = $890,187
