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2 years ago

What is the difference between limited liability and unlimited liability

Business

1 answer:

SOVA2 [1]2 years ago

5 0

Answer:

Limited liability means the business owners' liability for debts is restricted to the amount they put into the business. With unlimited liability, the business owner is personally responsible for any loss the business makes.

Explanation:

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Delos, Inc. reports the following information for April: Sigma Gamma Units sold 2 comma 000 units 800 units Sales price per uni

andrew11 [14]

Answer:

D. $ 322,000

Explanation:

Delos, Inc.

Contribution margin format income statement

For sigma

Sales revenue (2,000 units × $350) = $700,000

Less: variable manufacturing cost = (2,000 units × $175) = ($350,000)

Less: sales commission = (700,000 × 4%) = ($28,000)

Contribution margin for sigma = $700,000 - $350,000 - $28,000

Contribution margin = $322,000

Therefore, option D is correct.

5 0

3 years ago

Which of the following students is most likely to receive a merit-based scholarship?

Montano1993 [528]

The answer is D a student with a high academic score

6 0

3 years ago

in preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included

Nana76 [90]

Answer:

In preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included as a(n):

source of cash.

Explanation:

Accounts payable are liabilities owed to suppliers for goods or services. They are listed on the balance sheet under current liabilities and on the cash flow statement under operating activities. When preparing the statement of cash flows, an increase in accounts payable is regarded as a source of cash while a decrease is regarded as a use of cash.

7 0

3 years ago

when the federal government's expenditures for a year are greater than its revenue for that year, the difference is known as wha

Lera25 [3.4K]

Answer:

A budget deficit

Explanation:

A budget deficit arises when the governments spend more than it has collected. The government 's main source of revenue is taxes and levies it imposes on businesses and individuals. Its expenses include salaries for public employees, social welfare, and expenditures on public goods and infrastructure development projects.

A budget deficit contrasts a budget surplus, which occurs when a government intends to spend less than it has collected. Budget deficits result in government borrowing from either the domestic or foreign markets. A balanced budget is when the collected revenues match the planned expenditures.

8 0

3 years ago

when machines are programmed to do multiple tasks in order to produce a variety of products, a firm is said to be employing?

leonid [27]

Answer:

- flexible

- manufacturing

Explanation:

7 0

2 years ago