answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ahrayia [7]
2 years ago
15

Harry and Meghan have considered starting their own business but are concerned about the possibility of losing even their person

al assets if the business fails. One way for BOTH Harry and Meghan to avoid this liability risk would be to :
A.
divorce as soon as possible and establish two sole proprietorships

B.
Organize a limited partnership with Harry as the general partner

C.
set up offshore accounts

D.
form a corporation
Business
1 answer:
schepotkina [342]2 years ago
4 0

Answer:

The correct option is D,form a corporation

Explanation:

The rationale for my choice of answer is that limited liability applies to a corporation which is found in other types of businesses.

Limited liability is a concept which implies that the liability of shareholders in a limited liability company is limited to the amount contributed to the business by a way of shares held in the company.

When a company runs into debt,the shareholders would not be required to make up such debts from their private pockets,hence Harry and Meghan personal effects are secure.

You might be interested in
In the general environment, many relationships exist among the various elements. General environmental trends can have positive
Advocard [28]

Answer: positive, negative, demographic.

Explanation:

The general environment is the bigger environment within where the task environment is enclosed. The general environment is made up of six segments which are the sociocultural, technological, demographic, political/legal, economic, and global forces.

Demographic forces are results of changes in the attributes of a population, like race, gender, age, ethnic origin, social class and sexual orientation. Demographic forces have a major implications for an economy. .

The aging of the population has a positive impact on the health care industry as there will be need to keep the healthcare industry in a good condition and provide necessary amenities for the aging population. This will therefore lead to a negative impact on the baby product industry as there will be lesser demand for baby products since there are older people in the country.

7 0
2 years ago
On January 1, Year 1, the Hoverman Corporation made amendments to its defined benefit pension plan, resulting in $150,000 of pas
Lapatulllka [165]

Answer:

Check the explanation

Explanation:

a)

In IFRS according to IAS 19 all past service cost is recognized in the net income in the period in which amendment (change) is made by entity for defined benefit pension, it does not matter what is the status of the employees who will benefit the change. So in Year 1 $150000 will be expended completely and in subsequent years the amount is $0

Year 1 =$150000

Subsequent years= $0

b) In US GAAP the past service cost is recorded in Accumulated other comprehensive income in the year of amendment. It is amortized over the future working life of the participants.

Year 1 is year of adoption hence $0 is amortized because $150000 is included in Accumulated other comprehensive income.

Subsequent years: (150000/10=15000) $15000 will be amortized for each year for 10 years.

3 0
2 years ago
While reconciling your check register to your bank statement, you notice that your check register balance is $1250.00, while you
muminat

Answer:

You could have done a transaction that you didn't take into consideration in the check register.

this might be:

1. check

2. debit card withdrawal or POS transaction

3. Bank charges

4. fees for an order of checks

6 0
1 year ago
Consider the following​ situation, which involves two options. Determine which option is less expensive. Are there unstated fact
Sunny_sXe [5.5K]

Answer:

It will be better to keep the old car.\left[\begin{array}{cccc}$&$New&$Old&$Differential\\$purchase&-14000&&14000\\$Gasoline spending&-4292&-9479&-5187\\$repairs&&-7500&-7500\\$insurance&-4000&-2000&2000\\$Result&-22292&-18979&3313\\\end{array}\right]

Explanation:

gasoline spending:

old:

250 miles per week/ 24 miles per gallon= 10,41666666

then that x 52 weeks per year x 3.5 per gallon x 5 years

new:

250 / 53 =  4,716981

then this x 52 weeks x 3.5 per gallon x 5 years=

repairs:

1,500 x 5 years = 7,500

insurance:

800 x 5 = 4,000 new car insurance

400 x 5 = 2,000 old car insurance

6 0
1 year ago
Petrini Corporation makes one product and it provided the following information to help 20) prepare the master budget for the ne
Vitek1552 [10]

Answer:

C) $1,166,000

Explanation:

The sales budgeted will be

unit sales budgeted x unit sales price

we look into the assignment for these numbers:

  • February sales 10,600 units
  • unit sales price $110

And calcualte: 10,6000 units x $110 sales price

Total sales revenue for the month of February 1,166,000

The rest of the data is irrelevant for the question we are given thus, we ignore it.

5 0
2 years ago
Other questions:
  • The collection of shosoin imperial repository indicates the extensive international exchange between _______ that took place dur
    15·1 answer
  • At the end of its first year of operations, shapiro's consulting services reported net income of $27,000. they also had account
    12·1 answer
  • You are the editor of a publishing company and are careful to register all of your books with the U.S. Copyright Office. One of
    13·1 answer
  • Valerie is in the business of selling toys. She has noticed that the sale of toys increases on long holiday weekends. She has in
    12·1 answer
  • DS Unlimited has the following transactions during August. August 6 Purchases 84 handheld game devices on account from GamerGirl
    14·1 answer
  • On January 1, 2018, Brown Co. borrowed cash from First Bank by issuing a $100,000 face value, four-year term note that had an 8
    8·1 answer
  • You have calculated the pro forma net income for a new project to be $46,050. The incremental taxes are $22,540 and incremental
    8·1 answer
  • Decide which statement best reflects a proper attitude on the first day of work. a. I should point out other workers who are not
    16·1 answer
  • Damon Industries manufactures 20,000 components per year. The manufacturing cost of the components was determined as follows:
    8·1 answer
  • Chrzan, Inc., manufactures and sells two products: Product E0 and Product N0. Data concerning the expected production of each pr
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!