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4 years ago

What is the difference between a sole proprietorship and an LLC?

1 answer:

7 0

Sole proprietorship is owned by one person. Why LLC is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation

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The Lodge borrowed $2,000,000 for five years at an annual interest rate of 9% from the Merchant Bank, which required a $100,000

AleksandrR [38]

Answer:

option (b) 9.5%

Explanation:

Data provided in the question:

Loan Amount = $2,000,000

Annual interest rate = 9%

Required compensating balance = $100,000

Now,

Effective interest rate(EIR)

= (loan × Annual interest on loan) ÷ (Loan - Required compensating balance)

= ($2,000,000 × 9% ) ÷ ( $2,000,000 - $100,000 )

= ($2,000,000 × 0.09 ) ÷ ( $1,900,000 )

= 0.0947 ≈ 0.095

= 0.095 × 100%

= 9.5%

Hence,

the answer is option (b) 9.5%

4 0

3 years ago

Boiled potato (with salt) is it going to Observation

VARVARA [1.3K]

Answer:

If the salt concentration in the cup is higher than inside the potato cells, water moves out of the potato into the cup.

Explanation:

5 0

3 years ago

Active changes in tax and spending by government intended to smooth out the business cycle are called ________, and changes in t

monitta

Answer:

The correct answer to the first fill in the blank is discretionary fiscal policy and answer to second fill in the blank is automatic stabilizers.

Explanation:

Discretionary fiscal policy is a policy that government uses to change its spending and taxes. The main objective of this policy is expansion or contraction of the economy depending upon the need. This policy is also called demand side policy , which government uses to influence the aggregate demand.

Automatic stabilizers are that type of fiscal policy which are designed in such a way , that it can offset fluctuations in a country's economic activity through the course of their normal operations without any additional authorization needed by government.

7 0

3 years ago

Type the correct answer in each box. Spell all words correctly.

jolli1 [7]

Answer:

A successful IS implementation adds to an organization’s efficiency and Effectiveness. A successful implementation also makes the organization more Agile.

Hope this helps :)

<em>-ilovejiminssi♡</em>

8 0

3 years ago

Read 2 more answers

How do you finance hotel stays and what's the the growth schedule?

alexgriva [62]

Answer:

I finance hotel stays through savings.

Explanation:

Every person has different sources of income. It is dependent on the person how he uses his income. If he saves some amount of money he can spend that money on the vacations. This is great source of getting relaxed and the person will feel refreshed again. The hotel stays can be funded through savings and other incomes.

3 0

3 years ago