Answer: A limited liability company
Explanation:
A limited liability company is a company in which the liability of members is limited to the amount of money invested in the business.
The characteristics of a limited liability company includes:
1. Limited liability - the liability of members is limited to the amount invested by members.
2. Members have the option of managing the company by themselves or employing managers.
3. The Limited liability company is a separate legal entity from its members.
Answer:
me i love zoom because i do it every day
Explanation:
Answer and Explanation:
C) equals marginal cost: is upward-sloping
Answer:
The answer is B.
Explanation:
FIFO inventory cost method will yield the highest taxable income during times of inflation or period of rising price.
FIFO is First in First out i.e the inventory that was purchase first will go out first. This method reflects the current market price because last inventories bought during inflation are part of the ending inventories. Ending inventories are high, cost of sales are low and gross profit is high.
Because gross profit is high, high tax will be charged
Answer:
A Overhead: 180,634
B Production Cost: 214,410
C Period Cost: 71,091
Explanation:
<u>Manufacturing overhead</u>
Factory utilities 16,942
Depreciation on factory equipment 13,387
Property taxes on factory building 3,252
Indirect factory labor 49,656
Repairs to office equipment 2,179
Indirect materials 84,468
Factory repairs 2,465
Factory manager's salary 8,285
Total: 180.634
<u>Product Cost</u>
Direct labor 71, 743
Direct materials used 142,667
Total: 214,410
<u>Period Cost </u>
Sales salaries 47, 310
Depreciation on delivery trucks 4,546
Advertising 15, 712
Office supplies used 3,523
Total: 71,091