An LLC is a cross between a partnership and a corporation, because you have the flexibility of a partnership but more of the legal and financial protections that a corporation has.
Answer:
<u>Cowboy Law Firm</u>
<u>Income statement for the year ended December.</u>
$
Service revenue 8,900
Less Expenses :
Salaries expense (2,000)
Utilities expense (1,100)
Net Income / (Loss) 5,800
Explanation:
Income statements shows Revenues earned and Expenses incurred at the end of the trading period.
<span>Expected utility is calculated by multiplying the utility of each possible outcome by its probability and summing the products. So if Terri has a 25% chance of becoming disabled and purchases a policy then her expected utility is: (.25 x $20,000) + (.75 x $80,000) = $5,000 + $60,000 = $65,000. On the other hand, if Terri does not purchase a policy then her expected utility is (.25 x $0) + (.75 x $80,000) = $0 + $60,000 = $60,000.</span>
Answer:
Explanation:
a) in times of stagnation. b) in fast-changing industries.
Answer:
$60,000
Explanation:
Data provided for calculating the differential revenue is here below:-
Projected revenue A revenue = $180,000
Projected revenue B revenue = $240,000
The computation of differential revenue is shown below:-
Differential revenue = Projected revenue B revenue - Projected revenue A revenue
= $240,000 - $180,000
= $60,000
So, for computing the differential revenue we simply applied the above formula.
