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Serjik [45]
3 years ago
14

Which of the following forms of business structure provides limited liability for the personal assets of the owners? a. sole pro

prietorship b. general partnership c. LLC d. partnership by implication e. All of the above provide limited liability.
Business
1 answer:
kotegsom [21]3 years ago
8 0

Answer:

The correct answer is option (C).

Explanation:

There are mainly 4 types of company i.e.

  • Sole proprietorship: This type of business runs by only a single owner. This type of business has unlimited liability for the personal assets of owners.
  • Partnership: This type of business runs by two or more partners. This type of business also has unlimited liability for the personal assets of owners.
  • Corporation: This type of business runs by the number of people working as the board of directors and have limited liability for personal assets.
  • LLC: Limited Liability Company is a type of business which is run by two or more directors and also have limited liability for personal assets.

As Corporation is not an option, Therefore LLC is the correct answer.

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Philip Morris expects the sales for his clothing company to be $670,000 next year. Philip notes that net assets (Assets − Liabil
shutvik [7]

Answer:

the ending cash balance is $330,300

Explanation:

The computation of the ending cash balance is shown below:

Ending cash balance = Opening cash balance + Profit

= $270,000 + (9% × $670,000)

= $270,000 + $60,300

= $330,300

We simply added the opening cash balance and the profit so that the ending cash balance could come

Hence, the ending cash balance is $330,300

7 0
3 years ago
What is a blue chip stock?
saveliy_v [14]
A blue-chip stock is the stock of a large, well-established and financially sound company that has operated for many years. A blue-chip stock typically has a market capitalization in the billions, is generally the market leader or among the top three companies in its sector, and is more often than not a household name.
7 0
3 years ago
Read 2 more answers
Housing subsidies for low-income households:__________.
Trava [24]

Answer:

D. represent a non-cash transfer.

Explanation:

Subsidized Housing is simply a form of housing where financial incentive is somehow given or provided in the form of a direct payment or tax relief to the housing developer, individual renter e.t.c.

Subsidy is said to be an incentive financial) give in the form of a direct payment or tax relief to the housing developer, property owner, or individual renter.

Low-Income Households are usually a households whose incomes do not surpass 80% of the median income for the area as stated by the department of housing and urban development.

8 0
3 years ago
Your company is operating as a subcontractor on a large government contract. The government decides to request proposals for ano
sertanlavr [38]

Answer:

The correct answer is:  authoritarian moral theory.

Explanation:

The authoritarian moral theory exposes how people could be extremely obedience to another person or a certain regime because of oppression or subordination. The term was coined by German psychologist Erich Fromm (<em>1900-1980</em>) who tried to explain how people can determine other's actions through subjugation.

3 0
4 years ago
If a country's GDP is $10 billion and its population is 250,000, what is<br> its per capita GDP?
ruslelena [56]

Answer:

4000

Explanation:

7 0
3 years ago
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