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
Andrews [41]
2 years ago
10

Which statements indicate that Rick’s company is a limited liability company? Rick Douglas is a bright and passionate lighting d

esigner. Following his passion for innovative lighting solutions, he founded a company called Dazzle in 2000. Dazzle is a successful, small company with annual revenue of $25 million. It offers residential, commercial, and theatrical lighting solutions. Apart from Rick, there are several other owners in the company who have made tremendous contributions to its growth. The profits are shared in a fair manner among all owners. Because Dazzle is not a separate tax entity, all the owners declare revenue earned through the company on their personal federal tax returns. The success of the company turned Douglas and the other owners into millionaires. Rick has a villa in the prestigious Kimberly Hills area. The $5 million dollar villa is protected from business liabilities unless the liability is incurred through wrongful acts.
Business
1 answer:
uranmaximum [27]2 years ago
4 0

The statements are:

Because Dazzle is not a separate tax entity, all the owners declare revenue earned through the company on their personal federal tax returns.

The $5 million dollar villa is protected from business liabilities unless the liability is incurred through wrongful acts.

You might be interested in
Carrington Corporation produces canned vegetable soup. The company uses the weighted-average method in its process costing syste
agasfer [191]

Answer:

Option (B) is correct.

Explanation:

100% complete for conversion cost the units that are complete.

Units that produced during the period:

= Units sold + Units of finished Ending - Beginning units of Finished

= 300,000 + 60,000 - 75,000

= 285,000 units

And work in process at ending is 24,000 units but for conversion costs is 75% only.

For conversion Equivalent units:

= 75% of Ending Work in process + Units that produced during the period

= 75% × 24,000 + 285,000

= 18,000+285,000

= 303,000 units

4 0
2 years ago
Last year a certain bond with a face value of $5,000 yielded 8 percent of its face value in interest. If that interest was appro
Katen [24]

Answer:

bond's selling price is $6154

Explanation:

given data

face value = $5,000

interest = 8 % of face value

rate = 6.5 %

to find out

bond's selling price

solution

we find interest that is

interest = 8 % of face value

interest = 8 % × 5000

interest = 400

so we consider bond selling price is x

so

bond selling equation will be

interest = rate × bond selling price

400 = 0.065 × x

x = 6154

so bond's selling price is $6154

8 0
2 years ago
It is important to shop around for credit because banks and financial institutions?
Nat2105 [25]
Number 2 charge different fees
3 0
2 years ago
Read 2 more answers
It is known from past information that the probability of failing to finish an Ironman (called a DNF) is 15%. Suppose we take a
Kamila [148]
The answer is D I think
8 0
2 years ago
1. When Heidi Ganahl talks with franchisees about performance expectations and measurements, what part of the management process
Vikki [24]

Answer and Explanation:

Heidi Ganahl is explaining the preparing aspect of the management process. The first management role is the planning component which is the management process.

Heidi, before the new franchise is created, will have to clarify the performance standards and metrics. It will need to include detailed, but easy-to-understand plans, involving strategic planning, to ensure continuity between the new owner and the entire franchise.

4 0
2 years ago
Other questions:
  • Zane is known for having excellent judgement. He’s resourceful and has great interpersonal skills. He also likes to negotiate an
    9·2 answers
  • On March 1, 2017, Carla Vista Co. acquired real estate, on which it planned to construct a small office building, by paying $84,
    13·1 answer
  • Cullumber Company has these comparative balance sheet data: CULLUMBER COMPANY Balance Sheets December 31 2017 2016 Cash $ 16,350
    11·1 answer
  • Assuming that the Gini coefficient for Egypt is 0.403 and the Gini coefficient for Australia is 0.404, it is possible to conclud
    11·1 answer
  • Gilkey Corporation began the year with retained earnings of $310,000. During the year, the company issued $420,000 of common sto
    7·1 answer
  • Resources are adequate, but demand varies widely over the life of the project. Delaying noncritical activities to lower peak dem
    5·1 answer
  • Tamara is a Managerial Accountant at Everything New. Everything New manufactures furniture. Tamara purchased leather to be used
    5·1 answer
  • Tolino Company signed a 5-year note payable on January 1, 2019, of $200,000. The note requires annual principal payments each De
    15·1 answer
  • On October 31, the stockholders’ equity section of Sunland Company’s balance sheet consists of common stock $696,000 and retaine
    14·1 answer
  • The following transactions are for Marin Company. 1. On December 3, Marin Company sold $492,200 of merchandise to Cullumber Co.,
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!