1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lora16 [44]
3 years ago
7

What is the difference between limited liability and unlimited liability

Business
1 answer:
SOVA2 [1]3 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:

You might be interested in
You”ve decided that you want to get your household budget under control so you can increase the proportion of money you devote t
klasskru [66]
Creating a budget you can exceed but also creating a budget you can’t go over, Hope this helps! All i can tell you...
8 0
3 years ago
Read 2 more answers
On January 1, 2019, Wasson Company purchased a delivery vehicle costing $47,550. The vehicle has an estimated 7-year life and a
Umnica [9.8K]

Answer:

$35,660

Explanation:

the depreciable value of the vehicle = $47,550 - $4,500 = $43,050

depreciation expense per mile driven = $43,050 / 105,000 miles = $0.41

depreciation expense 2019 = $0.41 x 10,500 = $4,305

depreciation expense 2020 = $0.41 x 18,500 = $7,585

accumulated depreciation = $11,890

book value = $47,550 - $11,890 = $35,660

4 0
3 years ago
Kingbird Company is negotiating to lease a piece of equipment to MTBA, Inc. MTBA requests that the lease be for 9 years. The equ
kolbaska11 [484]

Answer:

$ 7,994

Explanation:

Fair Value of lease 60,000

Less Present value of garanteed residual value$ 2,368

($4000*1/1.06^9)

Amount to be recovered through periodic payment $ 57,632

PVAD (9 years ,6%) 7.20979

Minimum Lease at the beginning of each year (C/D) $ 7,994

Therefore the amount of the annual rental payments Kingbird demands of MTBA, assuming each payment will be made at the beginning of each year and Kingbird wishes to earn a rate of return on the lease of 6 $7,994

8 0
3 years ago
If government spending increases or personal income taxes decrease, what are the likely effects on output, price level, and inte
Mila [183]

When there is an increase in government spending, there will be an increase on the output, price level, and interest rates

<h3>What is a government spending?</h3>

This refers to the funds injected to the public sector on the acquisition of services such as education, healthcare, social protection, defense etc.

Most time, the effect of an an increase in government spending leads to an increase on the output, price level, and interest rates as it is a method of stimulate demand.

Therefore, the Option A is correct.

Read more about government spending

<em>brainly.com/question/25125137</em>

#SPJ1

7 0
2 years ago
Kathy has $50,000 to invest today and would like to determine whether it is realistic for her to achieve her goal of buying a ho
Tresset [83]

Answer:

So she must achieve about 11.61 %

Explanation:

Amount invest by Kathy = $50000

She wanted to buy a home for $150000

Time of investment = 10 years

We have to find the return which she received

Let she receives x return

So according to question 50000\times (1+x)^{10}=150000

(1+x)^{10}=3

(1+x)=3^{0.1}

(1+x)=1.1161

x=0.1161=11.61%

So she must achieve about 11.61 %

4 0
3 years ago
Other questions:
  • How long before the date of a convention should committees normally be formed? A. Six weeks B. Three years C. Three months D. On
    5·1 answer
  • _____ is a way of producing a response to a stimulus by repeatedly pairing it with another stimulus that automatically produces
    5·1 answer
  • Following her 18th birthday, Madison began investing $41 at the end of each week in an account earning 5% per year. She plans to
    13·1 answer
  • A bond has a modified duration of 8 and a price of 112,955 calculated using an annual effective interest rate of 6.4%. EMAC is t
    8·1 answer
  • As little as
    6·1 answer
  • One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 25% o
    6·1 answer
  • Which of the following tasks would be very difficult using only a keyboard and text?
    11·1 answer
  • The elasticity of supply is defined as the ________ change in quantity supplied divided by the _______ change in price.
    8·1 answer
  • snowpeak ski resort offers a price for a lift ticket that is barely over its marginal cost, but the high equipment rental fee ke
    5·1 answer
  • If the production is increased to 2000 valves per shift, labor productivity will increase by:_____.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!