Answer:
The correct answer is letter "B": LLC.
Explanation:
A Limited Liability Company (LLC) is a type of business organization where the owners do not share unlimited liability. This scenario implies that the owners are responsible for the liabilities of the entity according to their contribution. LLCs as considered individual firms with an individual tax identification number, bank account, and name.
Answer:
9.2%
Explanation:
expected return of the investment = potential return x chance of each return happening
Expected return of the investment:
- 20% chance of occurring x 30% potential return = 0.2 x 30% = 6%
- 50% chance of occurring x 10% potential return = 0.5 x 10% = 5%
- 30% chance of occurring x -6% potential return = 0.3 x -6% = -1.8%
- total expected return = 9.2%
Answer and Explanation:
The journal entry to record the factory labor cost is shown below:
Work in progress ($2,060 + $1,710 + $3,130 + $3,520 + $2,150 + $1,410 + $9,540) $23,520
Factory Overhead $10,980
To wages payable $34,500
(to record the factory labor cost)
Here work in process and factory overhead is debited as it increased the assets and expenses and credited the wages payable as it also increased the liabilities
Answer:
Web portal
Explanation:
A web portal, simply called a portal, is a specifically designed website that provides specific and relevant information to its users. The information is accessed from a single interface. A portal serves as a reference point or a collection of categorized content.
In an organization, a web portal can be designed to present content relevant to senior managers only. The portal allows the senior managers to search, navigate and apply content relevant to their duties from a single interface point
