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2 years ago

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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The potential loss for a writer of a naked call option on a stock is Multiple Choice increasing when the stock price is decreasi

jok3333 [9.3K]

Answer:

The correct answer will be Option A (unlimited).

Explanation:

The potential loss which always relies on something like a potential occurrence happening or otherwise not happening. One such loss to such a writer's exposed put option on either a stock seems to be indefinite or unlimited.
Unless the loss becomes probable as well as the sum could be calculated, the damage including responsibility must be reported with either the journal entry.

Other available scenarios aren't connected to the situation in question. So alternative A, therefore, the perfect solution.

3 0

3 years ago

Business incubators are a time honored tradition and have been around since the early 1700s. True or false?

Shkiper50 [21]

Business incubators are a time honored tradition and have been around since the early 1700s.

Ans: its true

3 0

2 years ago

If some one makes a deal to not work for 2 years and will pay you 100 billion dollars or should you choose a different man who s

-BARSIC- [3]

You would choose the last one. In two months, you make more money thank you would in those two years for the first man.

3 0

2 years ago

Jacques lives in San Diego and runs a business that sells boats. In an average year, he receives $728,000 from selling boats. Of

Gwar [14]

Answer:

1. implicit cost

2. explicit cost

3. implicit cost

4. explicit cost

Explanation:

Implicit costs refer to those costs that represent opportunity cost. In simple terms they are notional or those which haven't been actually incurred but considered.

Opportunity costs refer to the cost of sacrificed alternatives when an alternative is opted for. For instance, a student pursuing post graduation incurs implicit cost in the form of income foregone had he chosen to work instead for the same duration.

In the given case, the foregone rental income Jacques would've earned had he chosen to rent out his showroom represents opportunity cost or implicit cost.

Similarly, the salary Jacques sacrificed by working in boat business represents implicit cost.

The wages and utility bills that Jacques pays and wholesale cost which he pays represent costs which have actually been incurred, which are termed as explicit costs.

6 0

3 years ago

Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2021, t

valentina_108 [34]

Answer: Please see explanation for answers

Explanation:

Age Group Amount Estimated Percent Estimated Amount

Receivable Uncollectible Uncollectible

Not yet due $ 32,000 4 % $1,280

0-30 days past due 10,200 6 % $612

31–60 days past due 7,200 12 % $864

More than 60 days past due 2,600 30 % $780

Total $ 52,000 $3536

Calculation

1) Estimated Amount Uncollectible = Amount Receivable x Estimated Percent Uncollectible =

4% x 32,000= $1,280

6% x 10,200=$612

12% x 7,200=$864

30% x2600=$780

Total = $3,536

The allowance for uncollectible accounts = $3,536

2) Journal to Record the December 31, 2021, adjustment for a debit of $400

Estimated Amount Uncollectible =$3,536

Adjusted = $3536 + debit $400=$3,936

Date Account Debit Credit

Dec 31, 2021, Bad debts Expense $3,936

Allowance for uncollectible accounts $3,936

3) Journal to Record the write-off of $500

Date Account Debit Credit

April 3, 2022, Allowance for uncollectible

accounts $500

Accounts receivable $500

4a)Journal to reinstate the account previously wrtten off On July 17, 2022

Date Account Debit Credit

July 17, 2022, Accounts receivable $100

Allowance for uncollectible accounts $100

4b)Journal to record collection of cash

Date Account Debit Credit

July 17, 2022, Cash $100

Accounts receivable $100

5 0

3 years ago