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rodikova [14]
3 years ago
11

Ronald, Jamie, Ben, and Joseph are colleagues who want to start a company of their own. All of them want to be actively involved

in managing the business. However, they do not want any personal liability for any debts incurred by the company. In this scenario, they should most likely get involved in a _____.
Business
1 answer:
Fudgin [204]3 years ago
8 0

Answer: A limited liability company

Explanation:

A limited liability company is a company in which the liability of members is limited to the amount of money invested in the business.

The characteristics of a limited liability company includes:

1. Limited liability - the liability of members is limited to the amount invested by members.

2. Members have the option of managing the company by themselves or employing managers.

3. The Limited liability company is a separate legal entity from its members.

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Suppose that the vast majority of 3/4 ton pick-up trucks in America are produced by companies A, B, C, and D and that they all s
andrew-mc [135]

Answer:

b. A very large increase in sales. A very rapid and similar response by the other large firms in the industry.

Explanation:

As for the information there is no clear agreement to sell the goods at the same price, like that of other industries.

Further since all the companies follow the same price, there is no such differentiation.

In case one of the companies, in our case company A if decreases the price then it will abruptly that is in no clear sequence will increase its sales, and the after effects will also include the decrease in prices by other remaining industries that is B, C and D.

4 0
3 years ago
Mike Samson is a college football coach making a base salary of $632,400 a year ($52,700 per month). Employers are required to w
lakkis [162]

Answer:

Part 1:

Total amount withheld for Social Security and medicare=$16264.2

Amount withheld for Social Security=$7049.4

Part 2:

Additional amount which the employer will contribute=$16264.2

Explanation:

Part 1:

Amount withheld for Social Security= $113700 * 6.2%=$113700 * 6.2/100

Amount withheld for Social Security=$7049.4

Amount withheld for Medicare=$632400 * 1.45%=$632400 * 1.45/100

Amount withheld for Medicare=$9169.8

Total amount withheld for Social Security and medicare=$7049.4+$9169.8

Total amount withheld for Social Security and medicare=$16264.2

Part 2:

The additional amount which the employer will contribute towards the FICA taxes is same as withheld by Coach Samson.

Additional amount which the employer will contribute=$7049.4+$9169.8

Additional amount which the employer will contribute=$16264.2

4 0
3 years ago
Ted Carman worked for Rivertide Country Club and earned $28,500 during the year. He also worked part time for Harrison Furniture
Reika [66]

Answer:

<h2>Rivertide Company</h2>

FUTA Tax paid

= 7,000 * 0.6%

= $42

SUTA Tax paid

= 8,000 * 4.2%

= $336

<h2>Harrison Furniture Company</h2>

FUTA Tax paid;

= 7,000 * 0.6%

= $42

SUTA Tax paid

= 8,000 * 5.1%

= $408

7 0
3 years ago
A.Find the circumference of the tire.
Dvinal [7]

Answer:

Most common automobile tires are within a few inches of 25″ in diameter, so they cover 2π × 25″ ≈ 157″, or about 13 feet in a complete revolution. So to cover a mile, which is 5280 feet, they'd have to rotate 5280/13 ≈ 406 times.

Explanation:

5 0
3 years ago
Read 2 more answers
Choose the response that best describes how the basis of purchased property is determined.
user100 [1]

Answer:

The correct answer is D

Explanation:

Basis is the amount of the home or property which is worth for the purposes of tax. When the person sold the property, the loss or gain  for the purpose of tax, which is determined by deducting the basis on the sale date from the price of sale(in addition to the sales expense).

Basis is the original cost of the property adjusted for the factors like depreciation. Therefore, the correct and right response which states the basis of the property is determined by the purchase price of the property in addition to the cost incurred at the time or duration of purchase.

5 0
3 years ago
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