Neal receives the additional $75,000.
<h3>
What are liabilities?</h3>
- A liability is defined in financial accounting as the future sacrifices of economic benefits that an entity is obligated to make to other entities as a result of past transactions or other past events, the resolution of which may result in the transfer or use of assets, provision of services, or another future yielding of economic benefits.
- A company's assets are what it owns, while its liabilities are what it owes.
- Both are included on a firm's balance sheet, which is a financial statement that demonstrates the financial health of the company.
- Equity, or an owner's net worth, is equal to assets with fewer liabilities
Liability Examples -
- Bank indebtedness Debt from a mortgage.
- Suppliers owe money (accounts payable) Wages are owing.
- Taxes are owing.
- In the given situation Neal was the owner and so it will have the liability of $425,000 and the additional amount of $75,000.
Therefore, Neal receives the additional $75,000.
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There will be less tax revenue and more governmental borrowing
There will be lower spending and lower output since the unemployed are unable to purchase goods.
Overall there will be an inefficient low functioning government
Answer:
an increase in the inflation rate
Explanation:
Inflation rate: In economics, the term "inflation" is described as a sustained or a constant increase in the nominal or the general price levels of specific services and goods in a particular economy over a time period. However, the common measure or determinant of inflation is considered as the "inflation rate" i.e, the "annualized percentage change" in a common price index, that generally comes out to be the consumer's price index over a specific time period.
When they want to protect their personal property, they may want to try out a limited liability company. By making it a limited liability company, they may choose to become limited partners and not have their personal property at risk. However, they have to find other partners who are willing to participate in the business as general partners. It is only the general partners who will have their property at risk when the company closes down so they have to make sure to get general partners.
An example of secondary packaging would be the plastic rings that hold a six-pack of cans together or the cardboard box that holds a case of cans together. Other examples would be a box containing smaller boxes of batteries, or a large box of items intended for individual sale.
Packaging is the science, artwork, and generation of enclosing or shielding products for distribution, garage, sale, and use. Packaging also refers to the technique of designing, evaluating, and generating packages.
Packaging way overlaying the product itself so that it's far included from damage, leakage, dust, pollution, contamination, and so on. Examples – candies packaged in skinny sheets, milk packaged in sachets, etc. Packing way putting all of the applications in a massive field, container, chest, crate, etc.
The primary reason of packaging is to protect its contents from any harm that might appear throughout transport, coping with, and storage. Packaging keeps the product intact in the course of its logistics chain from producer to the give-up user. It protects the product from humidity, light, heat, and different external elements.
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