<span>The managers are engaging in quality control to lessen the
error of the result of the operation in the company. Quality control is maintaining
the standards of company products by testing the products. It is also the way
of ensuring the quality of products or services they rendered.</span>
Answer: New harvesting equipment for the farm
Answer: Limited liability company
Explanation:
In such a structure the owners and the firm are considered separate. The owners in a LLC could not be held personally liable for the debts and liabilities of their company.
The companies have the limited liability feature of the corporations while the profit distribution method depicts partnership structure.
In the given case, Toby and Keith wants to distribute profit among them and also do not want to raise any outside capital. Also they want limited liability in their organisation.
Hence a Limited liability company is an appropriate choice for them.
'Actual Tigers Company'
Total Assets
$100,000
Stockholder Equity: $30,000
$100,000 - $30,000 = $70,000
$70,000 + $30,000 = $100,000
Total Assets - Equity = $70,000 (total liabilities)
$70,000 + Equity = $100,000 (total assets)
In accounting if we minus the total assets ($100,000) with equity ($30,000) it will always give the "total liabilities" which is (70,000)
Then, adding the "total liabilities" ($70,000) with the equity ($30,000) equals $100,000 equal like as the "total assets"of $100,000
The total assets MUST match the total liabilities. If they don't match then either the calculation of the total assets are inaccurate or the numbers are estimated wrong to recalculate.
Answer:
The correct answer is letter "B": appraisal cost.
Explanation:
Appraisal costs are the expenditures incurred by a company as part of the quality control process. Those fees are paid for the inspection of the products being sold before they each end-users so defects can be detected if there is any. Providing customers with faulty goods can cause the company being imposed lawsuits or penalties that end up being more expensive than appraisal costs.