A form of business ownership that provides limited liability to its owners, but is taxed as a partnership is a Limited Liability Company (LLC).
Limited Liability Company (LLC) is a form of business structure that gives protection to its owners against any debts or liabilities owned by the company. This means that the liability of the owners is limited to the amount of investment they have in the company.
This type of business is growing primarily in the United States. They do not pay taxes on their profits directly. Their profits and losses are passed through to members, who report them on their individual tax returns.
Therefore, Liability Company (LLC) is a form of business ownership that provides limited liability to its owners, but is taxed as a partnership.
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Answer:
Inelastic
Explanation:
When the price of hamburgers increased from $1.50 to $2.75, the quantity demanded decreased from 375 units sold to 250 units sold. Using the midpoint method, hamburgers are said to be inelastic
1. Change in price = 2.75-1.5 / (1.5+2.75)/2 = 1.25/2.125 = 0.59
2. Change in quantity demanded = 375-250 / (375+250)/2 = 125/ 312.5 = 0.4
3. Price Elasticity = 0.4/0.59 = 0.68
4. When the value of elasticity is less than 1, it suggests that the demand is insensitive to price and is inelastic
Answer:
D. number of process improvements.
Explanation:
The balance score card is the score card which demonstrates the level of performance through which the organisation will be able to take the correct actions, decisions.
As in the given situation, the company wants to increase its sales so for that the company should improves its number of processes which results in the innovation made by the company that represented the different product as compare with the competitors
Answer:
The MCB Manufacturing's total product costs is $170,560
Explanation:
The computation of the total product cost is shown below:
Total product cost = Indirect Labor + Direct Labor + Indirect Materials Used + Direct Materials Used + Factory Utilities + Factory Janitorial Costs + Manufacturing Equipment Depreciation
= $53,000 + $40,000 + $7,500 + $65,000 + $760 + $1,200 + $3,100
= $170,560
Thus, the product cost is that cost which includes all types of direct and the indirect costs which are used to ready the product.
