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Irina-Kira [14]
3 years ago
12

Because Mike is only accountable for the $20,000 he invested in his friend Matt's company, the

Business
1 answer:
Arlecino [84]3 years ago
7 0
The answer is limited liability partnership
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On January 1, 2016, Bailey, Inc. had 84,810 shares of common stock outstanding. The following transactions occurred during 2016:
Pie

Answer:

$2.41

Explanation:

1 January-September 30        84,180*9/12=63,135

1 October-31 December (84,180+30,000)*3/12=28,545

Weighted average of common stocks outstanding =91,680

Earning per share (EPS)=Net Income/Weighted average common stocks

EPS=$221,062/91,680

EPS=2.41

6 0
3 years ago
A business has the following items: - Land $1,500,000 - Machinery $30,000 - Cash $10,000 - Loan $500,000 - Owner’s equity? _____
vodomira [7]

Answer:

The owner's equity amounts to $1,040,000

Explanation:

The formula to compute the owner's equity is as:

Owner's equity = Assets - Liabilities

Where

Assets = Land + Machinery + Cash

= $1,500,000 + $30,000 + $10,000

= $1,500,000 + $40,000

= $1,540,000

Liabilities = Loan

= $500,000

Putting the values above in the formula:

= $1,540,000 - $500,000

= $1,040,000

6 0
3 years ago
Which of the following is LEAST likely to be a reason for firms to form a cartel?
GalinKa [24]

Answer:

The correct answer is letter "C": to raise competition among firms in the cartel.

Explanation:

A cartel is a group of companies or countries working together to regulate the price of a single product they produce in common. The cartel makes it impossible for a foreign business to enter the market and demand lower prices. Cartels are, in most cases, not helpful to customers. They generate high prices that remain unchanged until consumers find alternative ways to purchase the same items.

Under such a scenario,<em> cartels are unlikely to be formed to generate more competition among the companies that compose them.</em>

4 0
3 years ago
On September 1, 2021, Sheffield Corp. issued a note payable to National Bank in the amount of $1460000, bearing interest at 8%,
Lisa [10]
Congratulations congratulations happy birthday happy happy ww happy birthday happy happy birthday merry Christmas happy birthday happy
3 0
3 years ago
Jervis sells $75,000 of its accounts receivable to Northern Bank in order to obtain necessary cash. Northern Bank charges a 5% f
Natasha2012 [34]

Answer:

Debit cash by $71,250, factoring expense by $3,750 and credit account receivable by $75,000.

Explanation:

Step 1 of 2

Calculate the amount of factoring fee.

Factoring fee = 5% ×Account Receivable

=5%×$75,000

=$3,750

​

Step 2 of 2. Journey record. Image attached.

Debit cash by $71,250, factoring expense by $3,750 and credit account receivable by $75,000.

4 0
3 years ago
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