1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sidana [21]
3 years ago
9

Which feature prevents a company from uilizing the private assets of its shareholders for the payment of its leabiities?​

Business
1 answer:
-Dominant- [34]3 years ago
3 0

Answer: Limited Liability

Explanation: Business owners' liability for debts is restricted to the amount they put into the business.

You might be interested in
The following events occurred for Favata Company: a. Received $13,000 cash from owners and issued stock to them. b. Borrowed $10
Vladimir [108]

Answer and Explanation:

The indication of the account, amount and the direction of the effect are as follows

As we know that

Accounting equation is

Total assets = Total liabilities + stockholder equity

Based on this, the indication and the direction aare as follows

        Assets                  =              Liabilities            +            Stockholders' Equity

A)        $13,000              =                   0                    +                 $13,000

It increased both the assets and the stockholder equity i.e capital

B)        $10,000                 =                $10,000        +                     0

It increased both the assets and the liabilities

C)       $1,100                   =                $1,100                +                     0

It increased both the assets and the liabilities

D)    +$18,000 -$1,600       =             $16,400            +                     0

It increased the land by $18,000 and decreased the cash by $1,600 and at the same time it increased the liabilities by $16,400

E)      +$6,000 -$1,600      =                  $4,400              +                    0          

It increased the equipment by $6,000 and decreased the cash by $1,600 and at the same time it also increased the liabilities by $4,400

Total   $44,900                 =                  $31,900              +                 $13,000

4 0
3 years ago
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct
Sauron [17]

Answer:

Variable overhead efficiency variance= $558 favorable

Explanation:

Giving the following information:

Variable overhead 0.60 hours $ 3.10 per hour

Actual output 4,100 units

Actual direct labor-hours 2,280 hours

<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Variable overhead efficiency variance= (0.6*4,100 - 2,280)*3.10

Variable overhead efficiency variance= $558 favorable

8 0
3 years ago
At wich step is a solution implemented in the decision-making process of solving a workplace problem ?
DerKrebs [107]

The decision making process of solving a workplace have seven steps: Identification of the problem, understanding interests, list of possible solutions, evaluating the options, selecting the options, documenting of the agreements and agreeing on contingencies, monitoring and evaluation. The solution is implemented on the last step which is agreeing on contingencies, monitoring and evaluation because in here there are opportunities that are created to evaluate the agreements and the implementation of the solutions.

7 0
3 years ago
Read 2 more answers
Apply What You’ve Learned - Managing Credit Cards and ConsumerLoans
timama [110]

Answer:

1) In general, is it a good idea to make only minimum payments on your credit cards?

  • No, the small payment requirement is mathematically guaranteed to keep you in debt for many years.

All you have to do is analyze the interest rates charged by the credit card companies and it is really difficult for any investment to match those interest rates.

2) Assuming you have $1,500 in your budget this month with which to pay down your credit cards, how much should you pay on each card?

I would start with the cards that charge the highest interest rates. I would pay the full balance of the department store card and the gasoline card = $600 + $300 = $900

Since I have $600 left, I would then pay the minimum payments for the cards that charge the least interest rates. I would pay $40 to Discover card and $60 to VISA.

The remaining $500 would be used to pay MasterCard 1 card and lower its balance.

4 0
3 years ago
You are thinking of purchasing a house. The house costs $350,000. You have $50,000 in cash that you can use as a down payment on
jeyben [28]

Answer:

$63,852

Explanation:

The computation is shown below:

a) PV of payments is

= $23,500 × (1.07^30 - 1) ÷ (0.07 × 1.07^30)

= $2,91,612

b) The Loan PV of payments is $3,00,000

c) And, the Balloon payment required is

= (Borrowed amount - loan PV payments) × (1 + rate of interest)^number of years

= ($300,000 - $291,612) × 1.07^30

= $63,852

5 0
3 years ago
Other questions:
  • Stella manages the production team at Camden Inc., a manufacturer of heavy industry machinery in the United States. She needs to
    5·1 answer
  • Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is ava
    5·1 answer
  • At January 1, 2016, Sheffield Corp. has beginning inventory of 3000 surfboards. Sheffield estimates it will sell 11000 units dur
    12·1 answer
  • A statewide alliance of independent hospitals has formed in order to do group purchasing of medical supplies. Group purchasing a
    7·1 answer
  • Jim saw a decrease in the quantity demanded for his firm's product from 8000 to 6000 units a week when he raised the price of th
    6·1 answer
  • Differentiate among the following.
    14·1 answer
  • In the​ single-period inventory​ model, the overage cost is
    7·1 answer
  • Krizun Industries makes heavy construction equipment. The standard for a particular crane calls for 14 direct labor-hours at $16
    6·1 answer
  • Read the following scenario and select the appropriate shifter of demand (what is going to shift the curve) It becomes known tha
    14·1 answer
  • New Seasons Market, a locally owned and operated one-stop grocery store based in Portland, Oregon is committed to providing loca
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!