Answer:
She can protect herself by making the business a <u>Single member Limited Liability Company.</u>
Explanation:
When a business is registered as a Limited Liability Company, the business owner cannot be held liable for the debts incurred by the company. The <u>extent of the owner's liability will only be to what he or she has invested in the business</u>.
This means <u>the personal properties of the business owner will not be affected by the Company's debts.</u>
<em>Greta should therefore register her business as a Limited Liability Company to protect herself from the liabilities of the business.</em>
Answer:
shortage of supplies lack of demand or the lack of interest in the economy
Answer:
The materials price variance for the month is $5,265 favorable
Explanation:
The material price variance is computed by taking a difference between the actual price - standard price and multiply with actual quantity.
In the given question, the actual price is not given. So, we need to calculate the actual price by using the formula which is shown below:
= Actual cost of material purchased ÷ Actual materials purchased
= 151,065 ÷ 8,100 meters
=$18.65 per meters
Now, we can easily calculate. The equation is shown below:
= (Actual Price - Standard Price) × Actual Quantity
= ($18.65 - $18.00) × 8,100
= $5,265 favorable.
Thus, the materials price variance for the month is $5,265 favorable.
Answer:
Selective incorporation is defined as extending protections from the Bill of Rights to the state governments, one right at a time.
Answer:
$1,135,000
Explanation:
Data provided as per the question
Contribution = $1,430,000
Income = $295,000
The calculation of fixed cost is shown below:-
Income = Contribution - Fixed cost
Fixed cost = Contribution - Income
= $1,430,000 - $295,000
= $1,135,000
Therefore, for computing fixed cost we simply deduct Income from contribution.
