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3 years ago

Which of the following types of companies provide personal liability protection for their owners?

Business

2 answers:

quester [9]3 years ago

4 0

Answer:

Corporations and LLCs

Explanation:

they are usually private and they are kept separate from their owners.

Luden [163]3 years ago

3 0

Answer: C

Explanation:

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3 years ago

Jimmy's Peanut Farm wants to increase the quantity of peanuts that it sells by 1 percent. The price elasticity of demand for pea

slega [8]

Answer: Jimmy's Peanut Farm has to decrease its prices by 2.5% in order to achieve a 1% increase in the quantity of peanuts it sells.

Jimmy's Peanut Farm can increase the quantity sold by 1% only when the demand for peanuts increases. Demand for peanuts will increase only when the price of peanuts decrease. The Price Elasticity of Demand measures the responsiveness of demand to a percentage change in price.

The formula for Price Elasticity of Demand (PED) is given by the formula:

$\mathbf{PED = \frac{percentage change in quantity}{percentage change in price}}$

We have:

Percentage increase in quantity 1% or 0.01

Price Elasticity of Demand (PED) 0.40

Re-arranging the PED formula above we get,

$\mathbf{percentage change in price}= \frac{percentage change in quantity}{PED} *100}$

Substituting the values in the equation above we get,

${percentage change in price} = \frac{0.01}{0.4}*100 =2.5$

5 0

4 years ago

On October 1, Willette Company borrowed $120,000 cash and issued a six-month, 10% promissory note. Interest is payable at maturi

viktelen [127]

Answer:

Cash borrowed = $120,000

Interest on promissory note = 10%

The journal entry is as follows:

On December 31,

Interest expense A/c Dr. $3,000.00

To Interest payable $3,000.00

(To record interest accrued on note)

Working notes:

Interest expense:

= $120,000 × 10% × (3/12)

= $120,000 × 0.1 × (1/4)

= $3,000

3 0

3 years ago

Kevin Long's first year as unit supervisor for a local manufacturer was quite a challenge. To encourage his subordinates to meet

DiKsa [7]

Answer:

b. Theory Y

Explanation:

In theory Y, the managers consider employees as ambitious, self-motivated and eager to accept greater responsibilities. They believe employees enjoy working and can exercise self-direction and self-control. In theory Y assumptions, employees are intelligent, creative and innovative and can contribute enormously towards solving the organization problems.

Kevin has adopted the theory Y management principles. He involves his juniors in the decision-making process, implying a participative management style. Kevin, as the supervisor, has demonstrated faith in the abilities of his subordinates. He has created an environment where workers have the freedom to use their talents to increase productivity in the company.

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3 years ago

A project has projected values of: unit sales = 1,650, price per unit = $19, variable cost per unit = $7, fixed costs per year =

Lady_Fox [76]

Answer:

Operating cash flow increases by

Correct option is D $1,089

Explanation:

Current operating cash flow

Sales - Costs = $19 X 1,650 = $31,350 - $11,550 - $4,700 -$1,100 = 14,000

Now less: taxes = $14,000 X 34% = $4,760

Net of taxes income = $14,000 - $4,760 = $9,240

This is operating profit

Operating cash flow = Operating profit + Depreciation = $9,240 + $1,100 = $10,340

In case variable cost is decreased by $1 per unit then

Sales - Costs = $19 X 1,650 = $31,350 - $9,900 - $4,700 -$1,100 = 15,650

Now Less: Taxes = $15,650 X 34% = $5,321

Income net of taxes = $15,650 - $5,321 = $10,329

This is operating profit

Operating cash flow = Operating profit + Depreciation = $10,329 + $1,100 = $11,429

Change in operating cash flow = $11,429 - $10,340 = $1,089

Since this value is $1,089 positive correct option is D

6 0

3 years ago