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3 years ago

A limited liability company can be held liable for any loss or injury caused by the wrongful acts or omissions of its members.

1 answer:

5 0

That statement is true, an LLC can indeed <span>held liable for any loss or injury caused by the wrongful acts or omissions of its members.
The assets that owned by the members couldn't be held accountable in case there is a loss in the company, but in case of criminal activities, this thing could be overlooked.</span>

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On January 1, Martinez Inc. issued $3,000,000, 11% bonds for $3,195,000. The market rate of interest for these bonds is 10%. Int

krok68 [10]

Answer:

correct option is b. $184,500

Explanation:

given data

issued amount = $3,000,000

rate = 11%

bonds for = $3,195,000

market rate of interest = 10 %

solution

firs we get here Cash paid that is

Cash paid = $3,000,000 × 11%

Cash paid = $330,000

and

Interest expense will be

Interest expense = $3,195,000 × 10%

Interest expense = $319,500

so premium amortization is

premium amortization = $330,000 - $319,500

premium amortization = $11,500

and premium over the 3 million = 195,000

New premium will be as

New premium = $195,000 - $11,500

New premium = $184,500

so correct option is b. $184,500

3 0

3 years ago

Select the accounting principle, assumption, or related item that best completes the sentence. Ex: Material. Full disclosure. Fa

KIM [24]

Answer:

1. Relevance and faithful 2.confirmatory value 3.Comparability 4. fair value 5. material 6. consistency 7. neutrality 8.Full disclosure 9. periodicity 10. Revenue recognition

4 0

3 years ago

How to make a peanut butter and jelly sandwich essay?

katrin2010 [14]

To start you need your hands. Go to the kitchen, walk over to the sink and turn on the water. Get your hands wet put some soap in them and rub them together. Now that your hands are rubbed clean, stick them under the running water and rinse them off. Turn off the water and dry your hands with a paper towel or a kitchen towel. Now that your hands are clean, prepare to make a peanut butter and jelly sandwich.
Now that you are already in the kitchen get out a plate or napkin, if you choose a plate choose a paper plate less dishes to do. Then you need to get the loaf of bread, open it up and take out your two slices of bread. Now that you have your two slices out, you can put back the rest of the loaf. Take your two slices and set them on the plate next to each other not on top of each other.
Now you need to find a knife. It has to be the right knife no steak knife for this job. You need a good old-fashioned butter knife that will be the utensil you need. I hope that you know where the knives are in your house, in a drawer with all the other silverware. Now that you found the butter knife, take it out and set it on the counter next to your plate.
After the knife, you need one of the most important items, the jelly. So now you need to go to the refrigerator and find which flavor you would like to use. Even though you might only have one or two choices (I mean it is your fridge not a grocery store). Grab your selection and bring it to the counter where your other items are. Now you open the jelly up then pick up the knife. Scoop some out onto one of the slices of bread, put down the jar and pick up the slice of bread with the jelly on it. Now spread the jelly

4 0

3 years ago

Which of the following describes the purpose and activities of a parallel team? Multiple Choice to provide recommendations and r

Luda [366]

Answer:

Provide recommendations and resolve issues not specifically connected to production

Explanation:

Parallel teams can be regarded as highly task-focused team ,which is been drawn on individuals ranging different functional areas as well as locations. This team are usually generally make completion to their work base on defined schedule. In most cases, parallel teams are not usually disbanded but they could be there so they can handle a subsequent set of tasks. It should be noted that One of the the purpose and activities of a parallel team is to Provide recommendations and resolve issues not specifically connected to production.

7 0

3 years ago

Your company has sales of $ 93,600 this year and cost of goods sold of $ 64,700. You forecast sales to increase to $ 117, 400 ne

Gre4nikov [31]

Answer:

COGS= $81,146.88

Explanation:

Giving the following information:

Your company has sales of $93,600 this year and the cost of goods sold of $64,700. You forecast sales to increase to $ 117, 400 next year.

First, we need to calculate the percentual participation of cost of goods sold:

%COGS= 64,700/93,600= 0.6912= 69.12%

<u>Now, using the same percentage, we calculate the cost of goods sold for the estimated new sales:</u>

COGS= 117,400*0.6912= $81,146.88

3 0

3 years ago