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lutik1710 [3]
3 years ago
11

Matt and alicia created a firm that is a separate legal entity and will share ownership of that firm on a 75/25 basis. which typ

e of entity did they create if they have no personal liability for the firm's debts?
Business
1 answer:
Wittaler [7]3 years ago
5 0
The type of <span>entity that they created if they have no personal liability for the firm's debts would be: Corporation
In case of bankruptcy, a corporation must sell all of its assets to pay up the debt. But after all assets are liquidated, the debtor couldn't seek the payment further to the corporation's owner and have to accept the residual debt as a loss.</span>
You might be interested in
Outpuit AFC AVC ATC MC 1 $300 $100 $400 $100 2 150 75 225 50 3 100 70 170 60 4 75 73 148 80 5 60 80 140 110 6 50 90 140 140 7 43
Simora [160]

Answer:

The answer is $119

Explanation:

Solution:

The firm is working in a competitive market that is seen as perfect.

Thus,

The profit the condition for maximizing profit is given below:

P = MR =MC

Now,

The market price of the product is =$290

So,

P = $290

From the given table, we noticed that the profit maximizing output level is 9 units when P = MC

The profit (π) = total revenue - cost total

= ( P * Q) - ( ATC * Q)

= 290 * 9 - 171 * 9

= 2610 - 1539

= 1071

Therefore, the per-unit economic profit at the profit-maximizing output is

=$1071/9

=$119

7 0
3 years ago
The pension plan for GL Inc. requires a contribution to the plan administrator equal to 11% of employee salaries. Salaries were
krok68 [10]

Answer:

a. credit to Cash for $63,316.

Explanation:

Given;

Pension contribution by GL Inc. percentage = 11%

Salaries for the period = $575,600

Amount to be contributed = 11% × $575,600

                                            = $ 63,316.00  

To account for this, the required journal would be

Debit      Pension Expense        $ 63,316.00

Credit     Cash account              $ 63,316.00

The right option is a. credit to Cash for $63,316.

6 0
3 years ago
Participation in sport keeps youths off the street and out of trouble. This is central to which explanation of the relationship
inn [45]

Complete/Correct Question:

Participation in sport keeps kids off the street and out of trouble. This is central to which explanation of the relationship between organized sport and delinquency?

a. labeling

b. economic strains

c. undifferentiated arousal

d. social bonding

e. differential association

Answer:

E, Differential association

Explanation:

Differential Association is a criminology term invented by Edwin Sutherland that shows how interaction between these people influence people to learn attitudes, values. characters, techniques as well as criminal behavior from each other.

To this effect, participation in sports brings youths together and as such changes their thoughts and are influenced to have discipline, ethics, etc which is an important aspect of sportsmanship. This influences helps to keep youths off the street and out of trouble subsequently.

Cheers.

7 0
3 years ago
The Presidential Cabinet consists of _____.
valkas [14]
The vice president and some other people i think<span />
7 0
3 years ago
Your company rents computers to local businesses and schools. You have 4,000 computers with a book value of $185,000. As a resul
andriy [413]

Answer:

47,000

Explanation:

Impairment Loss = Book Value − Fair Value

$180,500 − $133,500 = $47,000

6 0
3 years ago
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