1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
a_sh-v [17]
3 years ago
6

Classify this form of business:

Business
1 answer:
Viktor [21]3 years ago
7 0

Answer:

Limited Liability Partnership / Limited Liability Company.

Explanation:

  • Limited Liability Partnership: A limited liability relationship is a company in which certain or all members have defined obligations, based on the law. Consequently, it can show collaboration and organizational features. Each partner in an LLP is not accountable or liable for any wrongdoing or incompetence of another party.
  • Limited Liability Company: A limited liability company is a management structure whose proprietors are not personally responsible for the obligations or responsibilities of the business. Limited liability corporations are hybrid organizations that combine a company's features with that of a partnership or sole business entity.
You might be interested in
A company purchased factory equipment on June 1, 2021, for $173000. It is estimated that the equipment will have a $8600 salvage
Mandarinka [93]

The amount to be recorded as depreciation expense on December 31, 2021, is (B) $9,590.

<h3>What is depreciation expense?</h3>
  • Depreciation expense is the cost of a depreciated asset for a specific period, and it reveals how much of the asset's value was used up in that year.
  • Accumulated depreciation is the entire amount of depreciation expense given to an asset since it was placed in service.
  • A business spends $84,000 on new display racks with a useful life of 7 years (84 months) and no residual value.
  • The corporation would most likely choose a straight-line depreciation technique, which would result in a $1,000 monthly depreciation expenditure ($84,000/84 months = $1,000 per month).

The straight-line technique of calculating depreciation expense is given below:

  • = (Original cost - salvage value) ÷ (useful life)
  • = ($173,000 - $8,600) ÷ (10 years)
  • = ($164,400,000) ÷ (10 years)  
  • = $16,440

In this method, the depreciation is the same for all the remaining useful life.

Now for the 7 months, the depreciation expense would be:

  • = $16,440 × 7 months÷ 12 months
  • = $9,590

Therefore, the amount to be recorded as depreciation expense on December 31, 2021, is (B) $9,590.

Know more about depreciation expenses here:

brainly.com/question/25785586

#SPJ4

The correct question is given below:

A company purchased factory equipment on June 1, 2021, for $173000. It is estimated that the equipment will have a $8600 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2021, is ______.

(A) $16440.

(B)$9590.

(C)$8220.

(D)$6850.

7 0
1 year ago
Managers must be able to determine whether their workers are doing an effective and efficient job, with a minimum of errors and
Katarina [22]

Answer:

a. True

Explanation:

This system of performance review is a 360-degree review or feedback process where a given employee receives inputs on her performance (or other criteria such as behaviors, competencies and results achieved) from different employees with varying working relationships and at different levels.  The idea is to ensure that the employee's performance is not partial or biased.  Using this system, the employee who may be a manager will have her performance reviewed by employees below, above, and on the same level with her.

6 0
3 years ago
when a manufacturer saturates the market by selling to any intermediary of good financial standing that is willing to stock and
Luda [366]

When a manufacturer saturates the market, the manufacturer is engaging in  intensive distribution.

Intensive distribution can be define as the way in which companies or manufacturer made available or distribute their products from retail outlet to wholesaler outlet.

Most companies use intensive distribution marketing strategy  to increase sales and to sell out the products in their warehouse so as to restock or restore new products.

Intensive distribution help to create product awareness to those people that are not aware of the products due to the fact that the products can be find everywhere.

Inconclusion  the manufacturer is engaging in  intensive distribution.

Learn more about intensive distribution here:

brainly.com/question/24250512

4 0
3 years ago
If a product makes it through a rigorous development process, will it be a sure success?
Otrada [13]
When it comes to this context, nothing is sure to be a success, so no
7 0
3 years ago
Read 2 more answers
In 2019, Willow Corporation had three employees. Two of the employees worked full-time and earned salaries of $25,000 each. The
Lady_Fox [76]

Answer:

FUTA tax due from the corporation is $108

 

Explanation:

The First and Second employee earned 7000 each

The Third employee earn earns 4000

Paid under State Unemployment Tax by the employer is = (7000+7000+4000) x 5.40% =$972

How much FUTA tax is due from Willow Corporation for 2019?

Credit of tax paid in State Unemployment Tax is availabe for FUTA tax of 6%, thus FUTA due will be:

=(6% of 18000) - $972

=1080-972

=$108

5 0
3 years ago
Other questions:
  • Josh has decided to open a restaurant. he has determined that he will need to hire separate people to seat and serve​ customers,
    12·1 answer
  • When there is a full forward cover with the spot rate equal to the forward rate all of the following are true​ EXCEPT: A. The cu
    15·1 answer
  • Choose the correct statement regarding the structure of the plasma membrane. Multiple Choice
    15·1 answer
  • Bryan Houlberg expects his C corporation to generate a profit of $200,000. What is Bryan's after-tax cash flow from the corporat
    6·1 answer
  • A bank can decrease the degree of moral hazard if it a. ​Monitors the borrowers behaviors b. ​Placing covenants on the loan c. ​
    8·2 answers
  • Markel Inc. has bonds outstanding during a year in which the general (risk-free) rate of interest has not changed. Markel electe
    8·1 answer
  • Which of the following is true of both paying with a check and paying with a debit card?
    14·1 answer
  • TP sells franchises in the Old Fast Food chain. TP sells a franchise to Choi for $100,000 by cashier's check. Choi then hears th
    14·1 answer
  • The vice president of operations of Recycling Industries is evaluating the performance of two divisions organized as investment
    12·1 answer
  • Yolanda (41), a freelance photographer, reports a net profit of $50,000 on Schedule C, Profit or Loss from Business. This is her
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!