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Finger [1]
3 years ago
13

If you owned a business what would be the way to protect your personal assets from liablity?

Business
1 answer:
inysia [295]3 years ago
7 0

Answer:

When you form an LLC, you establish a new business entity that's legally separate from its owners. This separation provides what is called limited liability protection. As a general rule, if the LLC can't pay its debts, the LLC's creditors can go after the LLC's bank account and other assets.Sep 4, 2020

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Nichols Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $2
lora16 [44]

Answer:

bad debt expense 6,000 debit

allowance for uncollectible amounts 6,000 credit

Explanation:

expected allowance balance:

account receivable x expected uncollectible amount

200,000 x 4% = 8,000

currently the allowance balance is 2,000

so the amount of the adjustment will be to move the balance to 8,000 from 2,000:  adjusting entry for 6,000

3 0
3 years ago
how can networking with friends, colleagues, and members of organizations assist you in your quest to become who you want to be?
polet [3.4K]
Networking with your friends, members of organizations and co-workers can assist a person to get the job they want or move up in their current job. Networking can help a person get into the right circles and meet new people. This will help you meet the right connections to better yourself with a new job or even move up the ladder in your current job. You can also have business cards made and give them to co-workers, friends, and family to pass around for you. You can also use people in your already completed circle of friends to use as a mentor. This will help you become the person you want to be in life. 
8 0
3 years ago
The Galindo family plans to start a small business in our neighborhood. The father
dmitriy555 [2]

Answer:

$2,625

Explanation:

Interest is calculated using the formula

I = p x r x t

For Galindo family

I= interest,

P = principal amount : $10,000

r= Interest rate: 7.5 % or 0.075

t= times in years : 3.5 years( 42 months /12)

I= $10,000 x 0.075 x 3.5

I=750 x 3.5

I=$2,625

3 0
3 years ago
Which of the five broad definitions of public opinion involves "rhetorical construction"?
Alexxandr [17]

Answer: Fiction

Explanation: According to some theorists, public opinion is a rhetorical construction. This means that it is a phantom, having no real link to "the public" as citizens. These theorists go on to claim that politicians and journalists tend to state that public opinion regarding a certain issue is concluded without any available evidence, or public's influence. However this is only one form of the definition of public opinion.

Other types of definitions include:

Public opinion is an aggregation: Journalists and politicians claim public opinion is the total of a lot of individual opinions.

Public opinion reflects the majority's beliefs: Theorists claim that public opinion is the equivalent of the values and beliefs of the majority.

Public opinion is discovered in groups clashing: Some theorists believe public opinion lies in power dynamics within a group, and how it coexists, or fails to do so, with other groups.

Public opinion reflects media: Theorists believe that public opinion is best gathered from what politicians, journalists and other influential elites believe.

6 0
3 years ago
Bob's Custom Millwork is a business that provides custom cabinetry and furniture for both businesses and individual consumers. B
raketka [301]

Answer:

The correct answer to the following question is that the marketing strategy used by Bob's custom millwork is pull strategy.

Explanation:

A pull marketing strategy ( also know as pull promotional strategy ) can be defined as that strategy where a company tries to increase the demand of its products and services and and pull (draw) the consumers towards their products. The main objective of this strategy is to make people or consumer want or seek for your particular product. This strategy can be used independently ( on its own ) or this can be used with push marketing strategy. From the given case of Bob's custom millwork it is quite clear that pull marketing strategy is being used here.

5 0
3 years ago
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