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Vladimir [108]
3 years ago
10

Which of the following business ownership structures offers the best liability protection but higher taxes? A. A nonprofit corpo

ration B. A C corporation C. A partnership D. A sole proprietorship
Business
1 answer:
OverLord2011 [107]3 years ago
4 0
<span>The answer is D. In a sole proprietorship, you're usually a freelancer, doing business by yourself on Amazon or Ebay and thus you aren't expected to go through all the things that you need to start a corporation or non profit. With that ease comes some risks such as less tax loopholes to take advantage of and if you don't have independent liability protection, you might be personally liable for any debts owed by your business.</span>
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Explanation:

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Answer:

The correct answer is option B.

Explanation:

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8 0
3 years ago
A bank loans money at an annual rate of 20 percent. Interest is compounded daily. What is the actual rate the bank is charging?
NeX [460]

Answer:

22.13%

Explanation:

The effective annual rate formula below can be used to determine the actual rate charged by the bank as follows:

Effective annual rate=(1+APR/n)^n-1

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Effective annual rate=(1+20%/365)^365-1

Effective annual rate=1.221335858 -1

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The actual rate of interest on bank loan is 22.13%

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