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SpyIntel [72]
2 years ago
6

A business organized as a separate legal entity from its owners is a: Proprietor Partnership Government unit Corporation

Business
1 answer:
Evgen [1.6K]2 years ago
3 0

Answer:

Corporation.

Explanation:

A business organized as a separate legal entity from its owners is a corporation.

A limited liability company (LLC) can be a corporation and basically it refers to a private company in which the owners are legally responsible for the company's debts but only to the amount of capital he or she has invested. The LLC can be referred to as a hybrid business entity that combines the limited liability-shield of a corporation with the pass-through taxation of a sole-proprietorship or partnership business.

In the United States of America, the owner of a LLC is not legally liable for the company's liability or debts.

Additionally, it is very important that in the decision-making process, an organization consults a variety of its key or essential staffs such as managers, directors, stakeholders and executives. Furthermore, when the decision making process has been completed and a position taken, it is necessary that the organization communicates in clear and concise terms the details or parameters which influenced the choice to its audience such as investors, customers, employees etc.

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What accounting method should hariette choose when she runs the profit and loss report?
Zinaida [17]

Hariette should choose cash basis of accounting when she runs the profit and loss report. A company's reporting guidelines and practices for revenues and expenses make up its accounting method. Cash accounting and accrual accounting are the two primary accounting techniques.

Revenues and costs are recorded in cash accounting when they are received and paid. There are three different accounting methods: modified cash basis, cash basis, and accrual basis. Let's briefly review the fundamentals before we discuss which types of firms use certain accounting techniques.

If you only consider popularity, accrual accounting comes out on top since it is both the most popular and the most accurate techniques.

To learn more about accounting, click here.

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4 0
1 year ago
Money stock Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check
yulyashka [42]

Answer:

<em>For Kenji he falls on the category M2, for Lucia it's M2, and for Eric belongs to the category of both M1 and M2 respectively.</em>

Explanation:

<em>M1 money supply comprises of  currency in physical form and coin, the demand deposit( check-able) travelers check</em>

<em> M2 money supply comprises of  Certificate deposit and M1, savings, money market funds, and time deposits for example, M2 money supply comprises   money.  that is less liquid/</em>

  • <em> Kenji has $25000 in a money market account - it belongs to the category of  M2 money supply.</em>
  • <em>  Lucia has $8000 in a two year CD, it belongs to the category - M2  which is money supply </em>
  • <em>Eric withdrew money from the bank to do laundry. The money he took will go to cash that is available or in the economy at that time or the  physical currency. these category belongs in M1. As M2 money supply contains  M1 therefore this example also belongs in M2. </em>

3 0
3 years ago
Some ways aptitude can be learned include
juin [17]

Answer: formal education

experience

Explanation:

Aptitude could be described as the capability to learn a particular job or skill. The vital way of learning and aptitude is by formal education experience. Formal education experience is a structured system of learning whereby the students are trained by teachers for a certain period of time. The environment are a classroom type which involves the student making use of various learning material, the learning process cuts across various fields of life.

7 0
3 years ago
A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 Skip to question [The following information applies
trasher [3.6K]

Answer:

Marcelino Co.

Total production cost incurred for April and the total cost assigned to each job:

                                      Job 306        Job 307         Job 308         Total

Total production cost

 incurred for April      $294,000      $437,500      $271,000  $1,002,500

Total cost assigned    $356,500     $507,000      $271,000   $1,134,500

Explanation:

a) Data and Calculations:

March 31 inventory of

raw materials =                       $88,000

April costs:

Raw materials purchases = $540,000

Factory payroll cost =          $380,000

Overhead costs incurred = $206,000

Total costs =                       $1,214,000

April ending WIP inventory    271,000

Total cost incurred             $943,000

Overhead costs incurred:

Indirect materials = $59,000

Indirect labor = $25,000

Factory rent = $38,000

Factory utilities = $23,000

Factory equipment depreciation = $61,000

Total factory overhead = $206,000

Predetermined overhead rate = 50% of DLC

Sales of Job 306 in April = $655,000 cash

                                      Job 306        Job 307         Job 308         Total

Balances on March 31

Direct materials             $28,000       $44,000                             $72,000

Direct labor                      23,000          17,000                               40,000

Applied overhead             11,500           8,500                               20,000

Total Beginning WIP     $62,500      $69,500       $0                $132,000

Costs during April

Direct materials             138,000       205,000       $115,000      458,000

Direct labor                   104,000       155,000         104,000       363,000

Applied overhead          52,000         77,500          52,000        181,500

Total production cost

 incurred for April    $294,000     $437,500      $271,000  $1,002,500

Total cost assigned  $356,500    $507,000      $271,000   $1,134,500

Status on April 30 Finished (sold)   Finished (unsold)   In process

                                   Job 306            Job 307              Job 308

6 0
3 years ago
Many leaders have difficulty implementing their vision and strategies. Such problems may stem from a variety of issues in the de
KATRIN_1 [288]

Answer:

Inappropriate budgeting and control system

Explanation:

If there is no proper budgeting with respect to the revenues, expenses and also if there is no proper control than the implementation of the vision and strategies would become difficult due to which organization is not able to accomplish its goals and objective within a prescribed time

There should be proper structure of work by considering the budgeting and control system as if any organization would ignore this then they would lead to suffered high losses

Therefore as per the given scenario, the third option is correct

7 0
3 years ago
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