Answer:
C. replace high-interest credit cards with low-interest options.
Explanation:
A credit card provides a secure and convenient way to pay for goods and services even when they do not have money. The credit card gives the user access to instant credit every time they use it. The user does not incur any charges should they pay the amount due before its due date.
Credit card interest rate charges are among the highest in the industry. If the user is late in their payment, the interest fee and other charges accumulate real quick. Shifting to cards with lower interest is one way of managing credit card debts.
An increasingly important advantage of the limited liability company is that its members are "able to deduct its operating losses against the member's regular revenue to the extent permitted by law".
<h3>
What do you mean by limited liability company?</h3>
A Limited Liability Company (LLC) is refers to as a type of organization in which the members of that company is not liable for the losses occur in the business. The duties and responsibilities regarding losses are restricted here.
Adding to it, that means if the company fails to pay off its losses or debts to creditors, the personal assets of the members will not be added while paying the debt.
It is an enterprise structure that is the combination of the pass-thru taxation that is related to a partnership or sole proprietorship along with the rules of the company.
The main advantage of this type of company is that the members of that LLC can reduce their all operating losses like travelling, insurance, office supplies, payroll etc.
Moreover, the other benefits of Limited liability company include that this is more flexible than the other corporations and it provides different rights, classes and preferences to their members or managers.
Learn more about limited liability company, refer to the link:
brainly.com/question/3521418
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Answer:
The correct answer is:
John's capital account for $35,300 (c.)
Explanation:
In the admission of a new partner, the purchase of ownership from an existing partner to a new partner is entirely a personal transaction between the existing partner and the new partner, and the extent of partner bonus (the interest sold on the original partnership amount) is acquired by the exiting partner, but this bonus is not reflected in the partnership agreement, hence the amount credited into the new partner's account is the same as that owned previously by the exiting partner, irrespective of how much the partnership ownership was sold for.
Hence, since Bobbi's partnership capital was $35,300, John's account would be credited with the same amount even if the ownership was sold for $55,900, as the bonus goes to Bobbi.
Answer: Company mission
Explanation: The company mission refers to the objectives mentioned in the mission statement of the organisation. It is a short statement which describes why the organisation exists and what are its goals. This statement also states the location of the organisation and other important factors like major customers.
In the given case, Craftmaples has the purpose of traditional handicrafts. Thus, all their operations and activities will move towards this one goal.
Hence from the above we can conclude that this case is an example of mission statement.
A) 2,679.45
B) 50,909.55
C) 1,071,780
Explanation:
The bank will keep 5% of the deposit:
53,589 x 5% = 2,679.45
Then, it will have in excess the remainder:
53,589 - 2,679.45 = 50,909.55
This amount can be used for another.
This makes a hypothetical loop. The borrower can also deposit and creating the chance or another loan and so on. The cycle repeats indefinitely
The maximum amount of new money can be determinate as follow:
53,589 / 0.05 = 1,071,780
