Answer:
Limited liability company
Explanation:
A limited liability company is a company where the liabilities of partners is limited to the amount invested in the company. A limited liability company has features of both a partnership and a sole proprietorship
The partnership is made up of a general partner and the limited partners. the general partner is involved in the daily running of the business. The limited partners are not involved in the daily running of the business. They just contribute capital.
In this question, the person involved in the running of the business is the general partner while the other 9 friends are the limited partners.
You have the option of two equally risk annuity, each paying $5,000 per year for 8 years. The is an annuity due and the other is an ordinary annuity. If you are going to be receiving the annuity payments, the annuity due would you choose to maximize your wealth.
What is an Ordinary Annuity?
An ordinary annuity is a series of equal payment made at the end of consecutive periods over a fixed length of time. An standard annuity's payments can be paid as frequently as weekly, although in reality they are typically made monthly, quarterly, mid-annually, or yearly. An annuity due is the reverse of a Ordinary annuity in that payment are issued at the start of each period. Although they are connected, these two payments schedules differ from the financial instrument known as an annuity.
Learn more about Ordinary Annuity here:
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Answer:
Option B (Put seller) is the appropriate alternative.
Explanation:
- Put seller relates to the practice including its opportunity to then be implemented. That whenever a put application is approved, this same writer typically takes the equality of opportunity at either the strike amount from the lengthy put grabber.
- Writing possibilities seems to be an opportunity for investors. That being said, the earnings from composing the given opportunity would be constrained to either the premium, although the put buyer could keep going to create revenue or gains until another inventory would be zero.
Some other three situations do not relate to either the type of situation in question. So there is one that is the appropriate one.
Answer and Explanation:
The Journal entry is shown below:-
Work in progress Dr, $24,000
To Manufacturing Overhead $24,000
(Being the overhead assigned is recorded)
For recording this we debited the work in process as it increased the assets and credited the manufacturing overhead for assigning the overhead
Working note
Overhead amount = (Milling Department + Cutting department) × Overhead rate
= (1,800 + 3,000) × $5
= $4,800 × $5
= $24,000
Answer: The two parts of demand are:
• Willingness to buy
• Ability to pay
Explanation:
Demand simply refers to the amount of the goods and services which the buyers want to purchase at a certain price for a particular period of time.
There are two parts of demand which are the willingness of a buyer to purchase a certain good and also the ability to pay by the person.