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1 year ago

A form of business ownership that provides limited liability to its owners, but is taxed as a partnership is a(n) .

1 answer:

n200080 [17]1 year ago

3 0

A form of business ownership that provides limited liability to its owners, but is taxed as a partnership is a Limited Liability Company (LLC).

Limited Liability Company (LLC) is a form of business structure that gives protection to its owners against any debts or liabilities owned by the company. This means that the liability of the owners is limited to the amount of investment they have in the company.

This type of business is growing primarily in the United States. They do not pay taxes on their profits directly. Their profits and losses are passed through to members, who report them on their individual tax returns.

Therefore, Liability Company (LLC) is a form of business ownership that provides limited liability to its owners, but is taxed as a partnership.

Learn more about Limited Liability Company (LLC) in this link : brainly.com/question/13888388

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After a financial crisis hits the country of Barbaria, 8 million people become unemployed. If 35 million individuals are lucky e

madam [21]

Answer:

18.60%

Explanation:

Total labor force = $8 million + $35 million = $43 million

Unemployment Rate = (Unemployed/Labor force)*100

Unemployment Rate = $8 million/$43 million * 100

Unemployment Rate = 0.1860465 * 100

Unemployment Rate = 18.60%

5 0

2 years ago

PLEASE HELP, I WILL MARK BRAINLIEST!!! define/describe the following terms. note what the advantages and disadvantages of each a

xeze [42]

The advantages of entrepreneurship include the ability to shape one's own business, control of one's own working habits, and significant stock in the venture. Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business. Higher take-home pay.
Tax relief on business expenses.
Greater opportunity for tax planning.
Total control of your business and name.
One company for all your business interests.
Limited liability and protection of personal assets.

7 0

2 years ago

The owner of an orange grove must decide when to pick one variety of oranges. She can sell them for $27 a bushel if she sells th

uysha [10]

Answer:

The oranges should be picked in 2 weeks for maximum return

Explanation:

We assume that the return of the owner is y ($)

Assume that the number of weeks the oranges should be picked to have maximum return is x (weeks). (x≥0)

If collect now, the price for each bushel is $27

As the price per bushel decrease by $1.50 per bushel each week

=> After x weeks, the price of a bushel decrease: 1.5x ($)

=> The price of 1 bushel after x weeks is: 27 - 1.5x ($)

If collect now, each tree can yield 7 bushels

As the yield increases by half a bushel per week for the next 5 weeks

=> After x weeks with x ≤ 5, each trees would yields: 7 + 0.5x (bushels)

The return = The price of each bushes × The quantity of bushels

=> $y = (27-1.5x)(7+0.5x)$

⇔ $y= 27 (7 +0.5x) - 1.5x(7+0.5x) = 189 + 13.5x - 10.5x - 0.75x^{2}$

⇔ $y = -0.75x^{2} +3x +189$

We have: if the equation has the form of $y =ax^{2} +bx +c$ with a≠0, its maximum value is: $max y = c - \frac{b^{2} }{4a}$

In the equation $y = -0.75x^{2} +3x +189$ , we have: a = -0.75; b = 3; c = 189

=> $max y = c -\frac{b^{2} }{4a} = 189 - \frac{3^{2} }{4.(-0.75)} = 189 - \frac{9}{-3} = 189 - (-3) = 189+3 = 192$

To look for the number of weeks, we should find x (0≤x≤5) with which y = 192

$192 = -0.75x^{2} +3x +189$

⇔ $-0.75x^{2} + 3x + 189 - 192 = 0$

⇔ $-0.75 x^{2} + 3x - 3 =0$

⇔ $-0.75x^{2} + 4*0.75x - 0.75*4 =0$

⇔ $x^{2} -4x + 4 = 0$

⇔ $(x-2)^{2} = 0$

⇔ x = 2

The oranges should be picked in 2 weeks for maximum return

7 0

2 years ago

Consider an economy with only two goods: bread and wine. In 1982, the typical family bought 4 loaves of bread at 50¢ per loaf an

mylen [45]

Answer:

115

Explanation:

Data provided in the question:

Number of breads bought = 4

Number of wine bottles bought = 2

Cost of bread in year 1982 = 50 cents = $0.5

Cost of wine bottle in year 1982 = $9

Cost of bread in year X = 75 cents = $0.75

Cost of wine bottle in year X = $10

Now,

The CPI is calculated as:

CPI = $\frac{\textup{Cost of basket in the given year (i.e year X)}}{\textup{Cost of basket in the base year (i.e 1982)}}\times100$

thus,

CPI for year X = $\frac{\$0.75\times4+\$10\times2}{\$0.5\times4+\$9\times2}\times100$

CPI for year X = $\frac{\$23}{\$20}\times100$

CPI for year X = 1.15 × 100 = 115

7 0

3 years ago

Ticket, Inc. issued 10% bonds, dated January 1, with a face amount of $240 million on January 1, 2016. The bonds mature in 2025

k0ka [10]

Answer:

1. Determine the price of the bonds at January 1st 2016.

face value = $240,000,000

n = 10 years x 2 = 20

coupon = $240,000,000 x 10% x 1/2 = $12,000,000

market interest = 12% x 1/2 = 6%

using an excel spreadsheet and the NPV function you can calculate the present value: 19 cash flows of 12,000,000 and one final cash flow of 252,000,000, with a dscount rate of 6%:

=NPV(6%,12000000 ...19 times,252000000) = <u>$212,472.189</u>

2. Prepare the journal entry to record their issuance by Ticket on January 1, 2016.

Dr Cash 212,472,189

Dr Discount on bonds payable 27,527,811

Cr Bonds payable 240,000,000

3. Prepare the journal entry to record interest on June 30, 2016 (at the effective rate).

to determine effective interest paid:

($212,472,189 x 6% x 1/2) - ($240,000,000 x 5% x 1/2) = $6,374,166 - $6,000,000 = $374,166

Dr Interest expense 6,374,166

Cr Cash 6,000,000

Cr Discount on bonds payable 374,166

4. Prepare the journal entry to record interest on December 31, 2016 (at the effective rate).

($212,846,355 x 6% x 1/2) - ($240,000,000 x 5% x 1/2) = $6,385,391 - $6,000,000 = $385,391

Dr Interest expense 6,385,391

Cr Cash 6,000,000

Cr Discount on bonds payable 385,391

Discount on bonds payable is a contra liability account that has a credit balance and reduces the value of the liability. Using the effective rate, as real interest is paid, the amount of bonds payable increases since discount on bonds payable account decreases.

3 0

3 years ago