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yawa3891 [41]
3 years ago
14

When Luke, Larry, and Lance lost their jobs during the recent recession, they pooled their resources, borrowed a little more, an

d bought a couple of houses to renovate. All three were concerned about the risk involved in owning their own business, particularly the risk of losing personal assets. As their advisor, which of the following forms of business ownership would you recommend?a) Limited liability company
b) Sole proprietorship
c) General partnership
d) Master limited partnership
Business
1 answer:
stepladder [879]3 years ago
4 0

Answer:

a) Limited liability company

Explanation:

Considering the options given, as an advisor the form of business that I would recommend is: limited liability company that is a structure in which the owners  are not responsible with their personal assets for the company's debts as the three owners are concerned about this risk.

I would not advise the other forms of business because the sole proprietorship is a firm that is run by one person, the general partnership is a structure in which two or more people agree to share unlimited liability which means that they share all their personal assets and are responsible for any debt the company has with them and the master limited partnership is a company that trades securities in the market.

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Who os responsible for paying income taxes​
Vedmedyk [2.9K]

The correct answer is; businesses and anyone who works and pays taxes.

Further Explanation:

Any one who is working in the United States has to pay income taxes. Businesses must also pay income taxes. Income taxes are due each year, generally from January 1st until April 20th.

People can do their own taxes or hire an accountant to do them. There are numerous websites where it is free to file taxes such as Turbotax and H&R Block. If a person has overpaid they are due a refund.

Both businesses and individuals can file for an extension on their taxes.

Learn more about IRS at brainly.com/question/12498230

#LearnwithBrainly

8 0
3 years ago
The diagram shows the three-step process by which economic policy is created.
kifflom [539]
In building a sustainable economy, there are three-step process that should be followed :

First , Shift towards a new business model that generate a shared value

Second,  Create Assets' ownership structures

Third,  involves indicators that indicate progress, such as social and health indicators
8 0
3 years ago
Net income is​ ________.
trapecia [35]
Hello! the answer to your question is D. Net income is the accounting profit from the operations of the company during the period.
8 0
3 years ago
Delta Distributors has accounts receivable of $2,750,000 and average daily credit sales of $118,280. The firm offers credit term
liq [111]

Answer:

The firm's accounts receivable period is 23.25 days

Explanation:

Accounts receivable period = 365 / Account receivable turnover ratio

When Account receivable turnover ratio = Net sales / Account receivables

Account receivable turnover ratio = 118,280 * 365 days/ 2,750,000

Account receivable turnover ratio = 15.698

Hence, Account receivable period = 365 / 15.698

Account receivable period = 23.25 days

3 0
3 years ago
The model whose goal is to eliminate waste while satisfying the customer and providing a positive return to the company is: Mult
ycow [4]

Answer:

The correct answer is letter "E": Lean business model.

Explanation:

The lean business model is a study that aims to improve the efficiency of a company. That can be achieved by implementing new practices to eliminate old, ineffective strategies, analyzing the company product mix to find out if unprofitable goods are being still produced or rearrange unit teams. Improving leadership skills, workers' commitment, and the institution's growth are some of the advantages of the lean business model.

7 0
2 years ago
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