Answer:
This question is incomplete, the options are missing. The options are the following:
a) Partnership
b) C Corporation
c) S Corporation
d) Limited Liability Company
e) Limited Liability Partnership
And the correct answer is the option D: Limited Liability Company.
Explanation:
To begin with, the name of <em>"Limited Liability Company" </em>refers to a type of form of business, in the field of business law, that is helpful to adapt and use for some owners regarding the particular characteristics that this form gives to them. So once said that, this type of business form has the characteristics of both a corporation and a partnership so that means that it is quite flexible and can adapt depending on the situation that the owner is having. Moreover, one of the most important aspects of this type of form is the fact that the owner has a limited liability to what happens in the company so that means that his private assets are secure under this form.
Answer:
a)
30 September 2020 Depreciation expense $5150 Dr
Accumulated Depreciation $5150 Cr
b)
30 September 2020 Cash $16900 Dr
Accumulated Depreciation $47150 Dr
Loss on Disposal $7250 Dr
Equipment $71300 Cr
Explanation:
a.
we will record the first nine months 2020 depreciation expense and credit the accumulated depreciation account by this amount to update the account.
b.
We will calculate the accumulated depreciation amount till 30 september 2020 = 42000 + 5150 = 47150
The carrying value of the equipment = 71300 - 47150 = 24150
The loss on disposal = 16900 - 24150 = 7250
The cash received, loss on disposal and accumulated depreciation account will be debited and the equipment account will be debited.
Answer: The Business Cycle Dating Committee of the National Bureau of Economic Research.
Explanation:
The Business Cycle Dating Committee under the National Bureau of Economic Research are tasked with declaring the beginnings and the endings of the Business cycle. They do this by reviewing Economic wide measures especially GDP to see if prevailing conditions are still ongoing.
To declare a Recession, the Economy would have to be experiencing a significant downward trend in widespread economic activity reduction over more than a couple of months but for a Recession to be declared as over and back to a Peak, it might take longer than that.
According to the theory of purchasing power parity, if the price level in the united states rises by 5% while the price level in Mexico rises by 6%, then the dollar will.
1..... D. appreciate 1% relative to peso.
The theory of PPP explains that exchange rate is automatically changed according to change in the price level of relative countries . As price level increases more in Mexico by 1% so peso will depreciate by 1% or dollar will appreciate by 1% .
2...... B. Changes in the prices of goods and services not traded internationally.
According to the theory of PPP , the exchange rate of two currencies depends upon prevailing price levels in both the countries. However all goods are not traded , how these not traded goods prices affects exchange rate?. This theory doesn't fully explain this scenario.
Purchasing is the process a business or enterprise makes use of to accumulate goods or services to perform its goals. although there are several companies that try to set standards inside the shopping manner, procedures can range greatly between corporations.
Learn more about Purchasing here:-
brainly.com/question/1489991
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Answer:
A. Opportunity cost exists only for goods with monetary values.
Explanation:
Fundamentally, these are costs in economics used in analysis of a project, and it can also be used for calculation of cost benefits. It is generally known to measure or do all calculation that deals with the current and also forgone alternatives in any condition but this is mainly in economics where it is mostly used.
It is said that when a person buys two or more items, the concept of opportunity cost applies even though she can afford to buy both items and also known to be the best alternative. Here also, cost is notified as foregone opportunity.