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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:

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John at Tim’s Toys was working on a custom-made miniature car for a customer. The job, BCB101, was begun in March. At the end of
Anton [14]

Answer:

Applied overhead= $9,375

Explanation:

Giving the following information:

The job, BCB101, was begun in March. At the end of March, the job cost sheet for BCB101 showed direct materials of $6,000, direct labor of 200 hours at $75 per hour, and overhead of 50% of direct labor cost.

During April, John’s time ticket showed 50 hours on Job BCB101.

Applied overhead= (200*75)*0.5 + (50*75)*0.5= $9,375

4 0
3 years ago
Wright Company sells merchandise with a one-year warranty. This year, sales consisted of 2,000 units. It is estimated that warra
Marianna [84]

Answer:

$ 30,000.00

Explanation:

The cost of warranty is expensed the same period the sale is made.  Warranty can be estimated, and expensing them together with sale matches a sale and its relevant cost.

<u>In this case: </u>

Estimated warranty @ $15 dollar per unit sale

total unit sold =2000

Warranty amount = $15 x 2000

   =$ 30,000.00

To be expensed when the sale is made

7 0
3 years ago
You are looking to buy a car and you have been offered a loan with an APR of 5.7 %​, compounded monthly. a. What is the true mon
lukranit [14]

Answer:

Monthly Interest rate = 0.475%

EAR = 5.85%

Explanation:

a.

APR = 5.7%

Monthly Interest rate = APR / n

Monthly Interest rate = 5.7% / 12

Monthly Interest rate = 0.475%

b.

APR = 5.7%

m = 12

EAR = [ ( 1 + (APR / m))^m] - 1

EAR = [( 1 + (0.057 / 12))^12] - 1

EAR = [( 1 + 0.00475 )^12] - 1

EAR = [( 1.00475 )^12] - 1

EAR = 1.0585 - 1

EAR = 0.0585

EAR = 5.85%

True monthly rate of​ interest is 0.475%

EAR is 5.85%

5 0
3 years ago
Which of the following acronyms refers to the international forum that was created for member countries to engage in the negotia
Lina20 [59]

Answer:

correct answer is B. GATT

Explanation:

solution

GATT  ( General Agreement on Tariffs and Trade ) it is legal agreement between the many country

there purpose was only to promote for the international trade by reduce barrier like tariff and other trade barrier

and

General Agreement on Tariffs and Trade and its successor World Trade Organization have successfully reduce the tariffs

so correct answer is B. GATT

4 0
3 years ago
R. Ltd. issued 8,000, 13% Debentures of 100 each at a discount of 5%
Alex73 [517]

Explanation:

Face Value of Debenture Rs

100

Discount (Rs 100 x 5%) = Rs 5

:. Issue Price = Rs 95

6 0
3 years ago
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