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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 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.

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You are going to deposit $26,000 today. You will earn an annual rate of 6.1 percent for 11 years, and then earn an annual rate o

yawa3891 [41]

Answer:

Total value in the account after 25 years = $105,530.26

Explanation:

The value of an amount invested at a certain rate of return for certain number of years where interest compounded annually is known as the future value.

The future value of an investment can be determined using the future value formula. This formula is stated below:

FV = PV × (1+r)^(n)

FV - Future Value , PV- Present Value, r-rate of return, n- number of years

For the first compounding, 6.1% for 11 years

PV - 26,000, r- 6.1% and n- 11

FV = 26,000 × (1.061)^11 = 49,870.367

For the second round of compounding at 5.5% for 14 years

PV - 49,870.367 , r -5.5%, n- 14

FV = 49,870.367× 1.055^14 = 105,530.259

Total value in the account after 25 years = $105,530.26

5 0

3 years ago

Bismith Company reported: Actual fixed overhead Fixed manufacturing overhead spending variance Fixed manufacturing production-vo

max2010maxim [7]

Answer:

D. Debit fixed manufacturing overhead spending variance for $40,000

Explanation:

Since fixed manufacturing overhead shows the difference between the actual fixed overhead costs and budgeted fixed overhead cost during a period, Bismith would debit fixed manufacturing overhead spending variance of $40,000 inorder to write off the recording of the variances at the end of the accounting period because the value for fixed manufacturing overhead spending variance has already being gotten hence would be applied at the end of the period.

5 0

3 years ago

Lauhl Corporation provides janitorial services to several office buildings. During April, Lauhl engaged in the following transac

NISA [10]

Answer:

Cash-basis accounting $15,600

Accrual-basis Accounting $7,750

Explanation:

A. Calculation to determine the amount of net income that Lauhl should recognize in April under cash-basis accounting

Cash-basis accounting

=$24,000 -$5000-$3,400

Cash-basis accounting =$15,600

Therefore the amount of net income that Lauhl should recognize in April under cash-basis accounting is $15,600

B. Calculation to determine the amount of net income that Lauhl should recognize in April under the accrual-basis Accounting

Accrual-basis Accounting=($24,000/6) -$1300 + $2500 - $3,400 - $850

Accrual-basis Accounting=$4,000-$1,300+$2,500+$3,400-$850

Accrual-basis Accounting=$7,750

Therefore the amount of net income that Lauhl should recognize in April under the accrual-basis Accounting is $7,750

6 0

3 years ago

Management innovations such as total quality, benchmarking, and business process reengineering cannot lead to sustainable compet

Lilit [14]

Answer: Option B

Explanation: An organisation can earn sustainable competitive advantage in the market only if they have some special assets or rights that they can use to attract the customer and maintain their base for a period of time.

Although, globalization has made the world a single market and every entity is now focusing on maximizing their consumer satisfaction by doing researches and setting benchmarks.

Hence as every second entity operating at a global level is doing the given activities therefore none of them can get competitive advantage.

8 0

3 years ago

Read 2 more answers

When an employee does the work necessary to remove physical dirt or food residue from a surface, that is referred to as?

bekas [8.4K]

They are referred to as a janitor or a cleaning service. They are the ones responsible of keeping a place in good condition and to make everything neat and dirt free as possible. It could be described above as removing physical dirt or food from the surface is their job description as they make sure that the place is clean, neat and dirt free.

3 0

3 years ago