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2 years ago

10

I would like to set up a company that has operational flexibility and tax efficiencies, but I would also like reduce my personal

legal exposure if the company were to go bankrupt or be subject to a tort. Which form of business would best suit my needs?

1 answer:

Natalka [10]2 years ago

6 0

Aisisiizuddyhee. Shsdiuejebsvz

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The petty cash fund has a current balance of $200. based on activity in the fund, it is determined that the balance needs to b

notka56 [123]

Cash account will change

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3 years ago

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Wind damage occurs to your car costing $800 to repair. If you have a $500 deductible for collision and full coverage for compreh

Igoryamba

Answer:

$300

Explanation:

Deductible referred to as the amount paid from one's pocket to join the amount of one's loss, while the insurance company balance up the remaining.

The loss which is $800 is a little bit more than deductibles.

Damage=$800

Deductibles=$500

The damages is just $300 more than deductibles.

As stated in the question there is a collision and comprehensive insurance for the driver , therefore the driver will pay $500 from his own pocket.

THE PORTION OF CLAIM THE INSURANCE COMPANY PAY =($800-$500)=$300

$300 will only be received from the company.

In Higher deductibles the premium insurance is reduced in cost.

In lower deductibles there is higher premium but with the cost from one's pocket is low.

Deductible has influence on

one's claim.

Comprehensive insurance is one of automobile insurance,it covers damages or event that occurs to a car that is out of one's control.It covers for replacement or repairment of one's car if damaged by something or to repair bit, other a collision.

Comprehensive insurance can cover up for

theft ,natural disasters or from fire incident.

5 0

3 years ago

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if Alexis invest $2,000 into a fund that earns 5.5% interest compounded annually, how long will it take for her investment to gr

madreJ [45]

Answer:

73 years

Explanation:

To solve this problem, we can use the formula for the annual compound interest, which is:

$A=P(1+r)^t$

where:

A is the final amount after time t

P is the principal

r is the rate of interest

t is the time

In this problem, we have:

$P=\$2000$ is the principal

$r=0.055$ is the interest rate (5.5%)

We want to find the time t at which the amount of money is

A = $100,000

Therefore, we can re-arrange the equation and solve for t:

$(1+r)^t=\frac{A}{P}\\t=log_{1+r}(\frac{A}{P})=log_{1+0.055}(\frac{100,000}{2000})=73$

So, it will take 73 years.

3 0

2 years ago

FILL IN THE BLANK. The manager of a(n) ______ center does not have control over revenue or the use of investment funds.

irina1246 [14]

Answer: the correct answer would be <u>Profit center.</u>

Explanation:

hope this helps

7 0

1 year ago

Mesa County contracts with New Construct Inc. to build a courthouse. New Construct hires Odell to excavate the site. Odell’s wor

Paraphin [41]

Answer:

c. liable on the ground that Mesa is an intended third-party beneficiary

Explanation:

In a contract, the third-party beneficiary is a business or a person that benefits from the agreement and the terms of the contract that is made between the two other parties. According to law, third-party beneficiary have certain rights which they can enforced if the contract is not fulfilled.

In the context, Mesa is a third party beneficiary. The Mesa County enters into a contract with New Construct Inc. to construct a court house. Now New Construct Inc. again hires the firm Odell to excavate the land site.

While excavating Odell damages few nearby properties, so Mesa County files a law suit against Odell. But Odell argues that Odell is not in agreement with Mesa County or have not entered into with any contract with the County, so Mesa cannot sue the excavator.

But the court hold that as Mesa County is the third party beneficiary of the contract and have certain rights, Odell is held liable for the loss and should compensate for the loss to the County.

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2 years ago