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snow_tiger [21]
3 years ago
15

What is the difference between private and public company

Business
2 answers:
sattari [20]3 years ago
6 0
Public companies allow ownership of their stocks by virtually anyone, and are this public companies. On the other hand, private companies have somewhat "protected" stocks where they are held by a small group of people - likely investors - or the CEO, even some employees.
vladimir2022 [97]3 years ago
5 0
A public company is owned by anyone who buys its stock the people who own the most stock get to run the company, a private company is owned by the founder and anyone he hires
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Forest & Field Company makes and leases a backhoe to Zac. Due to a defect attributable to Forest & Field's negligence, Z
Serhud [2]

Answer:

C) Zac and Aaron.

Explanation:

Product liability is defined as the liability that is borne by the manufacturer of a product for putting defective product in the hands of the consumer. The manufacturer will be liable for any harm that occurs as a result of use of the product.

In this instance due to a defect attributable to Forest & Field's negligence, Zac is injured in an accident in which his neighbor Aaron is also hurt.

The company is liable to Zac who bought the backhoe and also to Aaron although he did not have direct dealing with Forest & Fields.

5 0
3 years ago
Read 2 more answers
A company issued 8%, 15-year bonds with a par value of $550,000 that pay interest semi-annually. The current market rate is 8%.
Kruka [31]

The journal entry to record each semiannual interest payment is:

Debit Bond Interest Expense $22,000; credit Cash $22,000.

<h3>What journal entries?</h3>
  • A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
  • An accounting journal, which shows a company's debit and credit balances, records transactions.
  • The journal entry can be made up of multiple records, each of which is either a debit or a credit.
  • Otherwise, the journal entry is termed unbalanced if the sum of the debits does not equal the total of the credits.
  • For example, a corporation may issue 8%, 15-year bonds with a par value of $550,000 that pay semi-annual interest. The market rate is currently 8%.
  • The journal entry for each semiannual interest payment is as follows: Debit Bond Interest Expense $22,000; credit Cash $22,000.

Therefore, the journal entry to record each semiannual interest payment is:

Debit Bond Interest Expense $22,000; credit Cash $22,000.

Know more about journal entries here:

brainly.com/question/14279491

#SPJ4

6 0
1 year ago
Susan opened a savings account with $750 at 2.9 percent annual interest. If she keeps the money in the account for 2 years, what
Andrews [41]

Answer:

The answer is $793.50

Explanation:

To solve this, we will use the annual interest formula for simple interest, which is:

A = P(1 + <em>rt</em>)

Where:

  • A is the final amount including principal
  • P is the principal amount = $750
  • <em>r</em> is the rate per year = 2.9% or 0.029 (that is 2.9 divided by 100)
  • <em>t</em> is the number of years = 2 years

Next, we input these into the equation as follows:

A = 750(1 + 0.029 x 2)

A = 750(1 + 0.058)

A = 750(1.058)

A = 793.5

Therefore, Susan earns $793.50

7 0
2 years ago
What other countries received significant monetary assistance from the marshall plan?
Kryger [21]
The countries involved in the Marshall Plan were mostly United Kingdom and France, however, 18 more countries were helped including Portugal, Turkey, Italy, Austria, Western Germany, the Scandinavian countries, and many more including even countries from Asia, but their plan was called differently and didn't fall directly under the Marshall Plan.
3 0
3 years ago
Which is an advantage to having an account at a consumer bank instead of a credit union
arlik [135]

Answer:

Credit unions

Explanation:

offer higher savings rates and lower interest rates on loans

8 0
3 years ago
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