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Natali [406]
4 years ago
13

Friedo and Miriam meet at a start-your-own business workshop. They would both like to open a bookstore. While they have start-up

capital, they are worried about the risk to their personal property. Which of the following would most likely be the best business choice for each of them?
1. Sole proprietorship
2. Partnership
3. Limited liability company
4. Corporation
Business
1 answer:
vovangra [49]4 years ago
7 0

Answer:

The correct answer is (3)

Explanation:

A Limited Liability Company, or LLC, is a kind of legitimate business structure that makes a body separate from the entrepreneur. The essential advantage in framing a LLC in your venture is that you, and any partner from your business, are protected from individual obligation. That implies if your business is sued, offended parties can just pursue your business resources and not your own ones, for example, your home.

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Which of the following is not a condition that must be satisfied before interest capitalization can begin on a qualifying asset?
Katena32 [7]

Answer:

The answer is D.

Explanation:

Cost of an asset includes the purchase price and other cost that are necessary to get the asset ready for its intended use and all these costs must be capitalized. Interest (borrowing cost) according to IAS 23( borrowing cost) states Interest directly involved in acquisition or construction or producing of qualifying assets must be capitalized i.e included in the cost of the asset.

3 0
3 years ago
Is promoting an existing manager the best option to fill this position? if not, what is an alternative source to fill the positi
erma4kov [3.2K]
No. Instead of promoting an existing manager, look for someone with an equal or higher level of knowledge for the certain position. this gives you a wider variety of options and more voices of opinion for new possible leadership ideas :) hope this helps

3 0
4 years ago
Selling, general, and administrative expenses were $59,000; net sales were $268,100; interest expense was $6,300; research and d
ozzi

Answer:

$35,800

Explanation:

Gross Profit = Net sales - Cost of goods sold

                   = $268,100 - $145,500

                   = $122,600

Total Operating Expense:

= S, G & A Expenses + R&D expense

= $59,000 + $27,800

= $86,800

Operating Income = Gross Profit - Total Operating Expense

                               = $122,600 - $86,800

                               = $35,800

7 0
3 years ago
Carmen Co. can further process Product J to produce Product D. Product J is currently selling for $23.70 per pound and costs $15
Oxana [17]

Answer:

$9.75

Explanation:

the contribution margin of product J = $23.70 - $15.65 = $8.05

the contribution margin of product D = $43.65 - ($9.75 + $15.65) = $18.25

the differential cost of producing product D is equal to the additional cost incurred by further processing product J = $9.75

differential costs or expenses are the difference in costs resulting from choosing one activity over another, or like in this case, further processing one product into another.

4 0
3 years ago
The goal of any credit card holder should be to A. run up as much debt as possible. B. use the bankruptcy filing as a way to red
DedPeter [7]
The goal of any credit card holder should be to C.) AVOID EXCESSIVE CREDIT CARD DEBT.

Credit cards are used for the purpose of convenience. Instead of bringing cash to pay for purchases, credit cards are swiped as payment for said purchases. These cards are short-term loans. Its balance should be paid before due date to avoid paying for interest. Its use should not be abused.
4 0
4 years ago
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