Answer:
A limited liability company
Explanation:
A limited liability company has characteristics of corporations, partnerships, and sole proprietorships. Like a corporation, the owners have limited liability. Like a partnership and sole proprietorship, profits are taxed once through flow through taxation.
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Answer:
$37,000
Explanation:
Working capital indicates the difference between a company's current assets and its current liabilities.
Current assets include such as cash at hand, bank balances, cash equivalents, and inventories. Current liabilities are accounts payable, bills, and short term debts.
in this case,
Current assets include
Inventory $50,000
Cash at Bank $ 5,000
prepaid rent <u> $5,000</u>
Total current assets <u>$60,000</u>
current liabilities
Notes Payable $20,000
tax payable <u> $3,000</u>
Total current liabilities <u> $23,000</u>
Working capital
= $60,000 - $23,000
= $37,000
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Quarter 1: 17,000;
Quarter 2: 15,000;
Quarter 3: 19,000;
Quarter 4: 21,000.
Company policy is to have a target finished-goods inventory at the end of each quarter equal to 25 % of the next quarter's sales.
2nd Q production:
Sales= 15,000
Ending inventory= 0.25*19,000= 4,750
Beginning inventory= (15,000*0.25)= (3,750)
Total= 16,000 units
