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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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Refer to the following selected financial information from McCormik, LLC. Compute the company's acid-test ratio for Year 2. Year

storchak [24]

Answer:

The company's acid-test ratio for Year 2 is 1.88 times.

Explanation:

Quick asset ratio :

The quick asset ratio is that ratio which shows a relationship between current assets and current liabilities. But it does not include stock. This ratio is used to check the liquidity of the company.

The formula to compute quick asset ratio is computed below:

= Quick assets ÷ current liabilities

where quick assets includes all current assets except stock.

And, the quick assets value is comprises of cash, short term investment and account receivable.

So, the quick asset value = Cash + short term investment + Account receivable

= $37,500 + $90,000 + $85,500

= $213,000

After computing the quick assets, now we can compute the quick asset ratio by using an formula.

= Quick assets ÷ current liabilities

= $213,000 ÷ $113,400

= 1.88 times

Hence, the company's acid-test ratio for Year 2 is 1.88 times.

5 0

4 years ago

Mark received $125,000 from an injury. If he puts his money in the bank

BaLLatris [955]

Answer:

Mark will have 125,420.81

Mark will earn interest for 420.81

Explanation:

If you start with 125,000.00 in a savings account earning a 5.5% interest rate, compounded Daily, after 22 Days your savings account will have grown to 125,420.81 of which 125,000.00 is the total of your beginning balance plus deposits, and 420.81 is the total interest earnings.

6 0

4 years ago

How many hours a week should a student plan to study per credit in a 15-week course?.

svet-max [94.6K]

According to credit in a 15-per week course, one must study 2-3 hours a week with a plan. Because 1 credit is equal to ten hours of study, so 3 credits equal to 30 hours per week.

<h3>What are the benefits of studying daily?</h3>

Good studies give a potential to study, and it builds confidence to students to perform better in the academic.

Studying regularly helps to keep the mind sharp and upgrade the ability of the person to gain more knowledge from other students.

Thus, According to credit in a 15-per week course, one must study 2-3 hours a week with a plan.

For more details about benefits of studying, click here:

brainly.com/question/18850728

#SPJ4

6 0

2 years ago

poor or Joe Short was convicted in Superior Court, but he and his attorney appealed the conviction? Where was the case appealed

faltersainse [42]

The case was appealed to the superior court which is the highest court in jurisdiction.

<u>Explanation:</u>

In common law system, a superior court is a court of general capability which commonly has boundless ward as to deal with the common and criminal legitimate cases.

The superior court can deal with the criminal and the common civil cases in which they have no boundations since they have the highest jurisdiction in the order so there is no limitation.

7 0

3 years ago

A firm is experiencing a loss of $5,000 per year. The firm has fixed costs of $8,000 per year.a. Should the firm operate in the

kramer

Answer:

(a) Continue to operate.

(b) Shut down

Explanation:

(a) It is given that the firm will experiencing a loss of $5000. Therefore, it means that a loss of $5,000 is borne by the producer of the fixed cost. It is a portion of fixed cost but the firm will continue to operate in the short run if it covers all of the variable cost in the short run.

(b) The firms in the long run try to cover all of its variable and fixed cost. If this situation persists then this firm unable to cover its all costs. Therefore, the firm will shut down its operation and go out of the business.

There is a reduction in the fixed cost by $6,000

Previously firm able to cover = $8,000 - $5,000

= $3,000

It means that it cover its fixed cost and hence, the firm will operate in both short run and long run.

4 0

3 years ago