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DedPeter [7]
3 years ago
15

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

Business
1 answer:
Daniel [21]3 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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Hey according to me C. Hiring a legal expert is the Answer
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Jorge has $300 for work he performed. He expects to spend the money in the next few weeks to buy a new bike. Which type of accou
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Based n the info you gave. I would say the best account for him is A "saving account" because he's saving a amount of money to buy the bike he wants without having to spend more then he plans. Hope this helps! (:
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3 years ago
Upon beginning her career at Davidson Inc., a small consulting firm, Stephanie Benjamin receives a copy of the firm's organizati
Advocard [28]

clarify positions and reporting relationships within the firm will be Upon beginning her career at Davidson Inc., a small consulting firm, Stephanie Benjamin receives a copy of the firm's organization chart.

What is a consulting firm?

A consulting firm is an organisation made up of specialists in a certain area who provide firms with problems they can't handle internally with expert advice, direction, and workable solutions. Every business will inevitably run into issues, and consulting firms are hired to help.

Executives typically contact consulting companies to send consultants—industry experts who are sent to watch and assess a company's operations. Consultants provide direction and practical answers to whatever issues the organisation may be facing. Companies use consulting firms to provide their knowledge on issues that cannot be resolved internally. These firms typically have specialised areas of emphasis.

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brainly.com/question/15076880

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8 0
2 years ago
When the price of pistachio nuts is $7.50 per lb. the quantity demanded is 48 lbs. When the price of pistachios is $9.00 per lb.
ruslelena [56]

Unit-elastic
The amount required is 48 pounds while the price of pistachio nuts is $7.50 per lb. The amount needed is 40 pounds when pistachios cost $9.00 per lb. We can state that the demand for pistachio nuts is Unit elastic when the midpoint formula is applied to calculate the price elasticity of demand.

Unit Elastic - The economic theory known as unit elastic demand holds that when a product's price changes, the quantity desired also changes in an equal and proportional manner. In other words, the percentage change in price and the percentage change in demand for the product are equal. Consider the elastic demand on a basis of units per unit.
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8 0
2 years ago
Computing and Recording Cost and Depreciation of Assets (Straight-Line Depreciation) Shahia Company bought a building for $382,0
zysi [14]

Answer:

1. Debit Fixed Asset (Property)  $519,000

  Credit Cash $519,000

This can be further split into

Dr Building $406,000

Dr Land $113,000

Cr Cash $519,000

2. $50,400

3. $393,200

Explanation:

1. The total cost incurred in the acquisition of the property (Land and building) is $519,000 as shown below

Cost =382,000 + 107,000 + 9,000 + 21,000

        = 519,000

This can be split further into the cost for land and cost for building

Cost of Land =107,000+6,000

                         113000

Cost of Building= 382000+3000+21000

                            =406000

2. Depreciation = frac{cost-residual value}{Number of years}Depreciation = \frac{519000-15}{10} \\=\frac{504000}{10} \\=50400

3. Netbook value (NBV) at the end of year 2

NBV ={cost - residual value}-(Depreciation*number of years)\\        =519000-15000-(50400*2)\\        =519000-15000-100800\\        = 393200

5 0
4 years ago
Read 2 more answers
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