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4 years ago

A ___ liability company is a business structure that gives its owners the benefits of two types of business structures.

Business

1 answer:

Daniel [21]4 years ago

5 0

Answer:

A limited liability company
A general partnership

Explanation:

A limited liability company LLC blends the features of a corporation and a sole proprietorship. An LLC requires a minimum of a person to form and has no upper limit.

Members of the limited liability enjoy the limited liability feature of a corporation. It means their obligations to the company's debts is limited to the level of capital contribution. If the company is liquidated, members will only lose their capital contribution. A limited liability company 'passes' its income as the income of members. The LLC does not have to file income tax returns just like a sole proprietorship business. Only owners of LLC are expected to file individual income tax returns.

A general partnership is a business structure made up of two or more partners. A general partnership is unincorporated, meaning the owners have unlimited liabilities to the debts of the business. Legally, the debts and assets of the general partnership belong to the partners.

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The group within an organization that is responsible for monitoring and evaluating the internal control system is called the

Rus_ich [418]

Answer:

Audit committee

Explanation:

Internal control is a system of ensuring that an organization's policies and procedures are complied with by its staff in order to protect the company's assets, ensure fraud is eliminated and also ensure financial integrity.

The audit committee ensures that the system of internal control implemented by the management is effective, hence its able to manage the risk inherent in the organization. The committee is also responsible for monitoring and evaluating the system of internal control in an organization inorder to ensure its effectiveness.

6 0

3 years ago

In 2019, if the ppp per capita of china was $16,740 and the ppp per capita of the united states was $65,880, this means that the

vlada-n [284]

The PPP per capita of China was $16,740 and the PPP per capita of the united states was $65,880 This means that the cost of living was lower in China.

The Paycheck Protection Program (PPP) is the measurement of expenses in specific nations that uses the fees of unique items to evaluate absolutely the shopping strength of the nations' currencies, and, to some extent, their humans residing requirements.

What The Paycheck Protection Program (PPP) manner?

The Paycheck Protection Program (PPP) is a popular metric utilized by macroeconomic analysts that compares exclusive international locations' currencies via a "basket of products" approach. buying electricity parity (PPP) permits for economists to compare economic productiveness and standards of residing between international locations.

What is the The Paycheck Protection Program (PPP) of India?

In 2020, GDP in keeping with capita based on The Paycheck Protection Program (PPP) for India changed into 6,461 global dollars. GDP in keeping with capita based totally on PPP of India multiplied from 2,022 worldwide bucks in 2001 to six,461 worldwide dollars in 2020 growing at an average annual fee of 6.39%.

Who started The Paycheck Protection Program (PPP)?

The Paycheck Protection Program (PPP) is a $953-billion business mortgage application established by way of the USA federal government during the Donald Trump administration in 2020 through the Coronavirus aid, remedy, and economic protection Act (CARES Act) to assist sure groups, self-employed workers, sole proprietors.

Learn more about PPP here:- brainly.com/question/2286004

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7 0

2 years ago

Hart, Attorney at Law, experienced the following transactions in Year 1, the first year of operations:

Drupady [299]

Answer:

1. Cash will increase by $18,700 for the services to be rendered over the 12 months.

2. Cash will reduce by $64,000 for the legal service acquired.

3. No effect on cash as the transaction is on accounts.

4. Cash will decrease by $1,250 for the supplies purchased.

5. Cash will decrease by $6,000 for the dividends paid.

6. Cash will decrease by $20,000 due to operating expenses

7. no effect on cash

8. no effect on cash.

Explanation:

The business transactions recorded by Hart, Attorney at Law, These transactions have impact on the cash. The inflow and outflow of cash is recorded in the cash flow statement. Transaction no. 3, 7 and 8 will have no effects on cash balance of the company.

6 0

3 years ago

You have just received notification that you have won the $2.12 million first prize in the Centennial Lottery. However, the priz

Juliette [100K]

Answer:

<u>$6,044.13</u>

Explanation:

The present value formula is:

$Present\text{ }value=\dfrac{Future\text{ }value}{(1+r)^n}$

Assuming annual compounded interest, r = 9% = 0.09 and n = 68 years.

Substituting and computing:

$Present\text{ }value=\dfrac{\$2,120,000}{(1+0.09)^{68}}=\$6,044.13$

<u />

3 0

4 years ago

QuestionA baseball team is deciding where to celebrate their tournament victory. They decide between two restaurants by voting,

Damm [24]

Answer:

majority rule

Explanation:

4 0

3 years ago