Answer: Function, The function of the concept of limited liability is to provide the owners of businesses a way to protect their personal assets. For example, if a business is sued, the person seeking compensation cannot go after the personal property of the business' owners.
Types The concept of limited liability gives rise to a variety of different types of business organizations.These include corporations and limited liability companies, all of which are created by the laws of each of the 50 states.
Significance The concept of limited liability plays a significant role in commerce. Absent the concept of limited liability, individuals would shy away from investing in businesses of any type. The vast majority of individuals would not want to put their personal property at risk by becoming involved in a business enterprise.
Features The concept of limited liability restricts the amount of money a person risks to what she invests in a business enterprise
Exception Protections normally associated with the concept of limited liability can be set aside in certain situations. For example, if a business owner co-mingles personal and business assets -- in a common bank account, for example -- an individual with a claim against the business likely can seek compensation from some, if not all, of the business owner's personal assets.
Expert Assistance A business owner facing a situation in which another individual or business makes a claim against the business should seek legal assistance. A qualified attorney not only protects the interests of the business but works to ensure that the owner's personal assets do not end up in jeopardy.
Explanation:
A financial institution or commercial bank that purchases a business' accounts receivable at a discount and then keeps what they collect is a(n) ______.
A financial institution that purchases a business' accounts receivable at a discount and then keeps what they collect is a(n) factor.
What is account receivable?Account receivable is an asset and can be defined as the amount a company is expected to receive from their client for the service they rendered to the client.
When a financial institution buy a business account receivable at a discounted price or rate by keeping the amount they collected this is tend to be known as a factor.
Therefore a financial institution that purchases a business' accounts receivable at a discount and then keeps what they collect is a(n) factor.
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5.01 Four Types of Utility Marketing Worksheet All four types of utility must be present for consumers to be satisfied; none of them can be overlooked. Students will list 10 diverse types of products/services. Provide an example of each utility for the product/service.
Answer:
20.
37. 42 is the answer
Explanation:
Is the process of identifying customers for whom the company will optimize its offering a. searching b. research c. targeting d. deciphering e. customizing
Targeting is the process of identifying customers for whom the company will optimize its offering.
What is targeting?Targeting is the ability to identify individual or group of people that needs a required service or goods.
These are the people a business aims its marketing efforts and resources at.
Therefore, Targeting is the process of identifying customers for whom the company will optimize its offering.
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Why is it important to have communication in a job ?
Answer:
Good communication can boost teamwork and lead to better project collaboration.
Answer:
- Good communication can boost teamwork and lead to better project collaboration. It applies to practically every industry.
- Workplace communication is important for streamlining internal communication. Maintaining effective communication ensures that management and the team below them are on the same page
- It disseminates the information needed by employees to get things done and builds relationships of trust and commitment.
- Workplace communication is vital to an organization's ability to be productive and operate smoothly.
- Workplace communication improves worker productivity.
I hope my answer helps you.
List some of the things that you believe that are affecting businesses and our economy:
Answer:
I believe that the pandemic is what is affecting our businesses and economy
Msi is considering outsourcing the production of the handheld control module used with some of its products. the company has received a bid from monte legend co. (mlc) to produce 11,000 units of the module per year for $17.00 each. the following information pertains to msi’s production of the control modules: direct materials $ 8 direct labor 4 variable manufacturing overhead 4 fixed manufacturing overhead 8 total cost per unit $ 24 msi has determined that it could eliminate all variable costs if the control modules were produced externally, but none of the fixed overhead is avoidable. at this time, msi has no specific use in mind for the space that is currently dedicated to the control module production. required: 1. compute the difference in cost between making and buying the control module. 2. should msi buy the modules from mlc or continue to make them? 3-a. suppose that the msi space currently used for the modules could be utilized by a new product line that would generate $41,000 in annual profit. recompute the difference in cost between making and buying under this scenario. 3-b. does this change your recommendation to msi?
Msi should continue to make control module because buying the control module will result into incremental cost of $11,000 to the msi.
Differential analysis1. Differential analysis
Buy control module (Alt 1) or Make control module (Alt 2)
Buy control module Make control module Differential effect on cost
(Alt 1) (Alternative 2) (Alternative 2)
Purchase price $187,000 - ($187,000)
(11,000×$17)
Direct materials $0 $88,000 $88,000
(11,000×$8)
Direct labor $0 $44,000 $44,000
(11,000×$4)
Variable overhead $0 $44,000 $44,000
(11,000×$4)
Fixed overhead $44,000 $44,000 $0
(11,000×$8)
Total cost $231,000 $220,000 ($11,000)
Difference in cost $11,000
2. Based on the above differential anaylsis msi should continue to make control module reason being that buying the control module will result into incremental cost of $11,000 to the msi.
3a. Differential analysis
Buy control module (Alt 1) or Make control module (Alt 2)
Buy control module Make control module Differential effect on cost
(Alt 1) (Alternative 2) (Alternative 2)
Purchase price $187,000 - ($187,000)
(11,000×$17)
Direct materials $0 $88,000 $88,000
(11,000×$8)
Direct labor $0 $44,000 $44,000
(11,000×$4)
Variable overhead $0 $44,000 $44,000
(11,000×$4)
Fixed overhead $44,000 $44,000 $0
(11,000×$8)
Less profit from new product line
($41,000) $0 $41,000
Total cost $190,000 $220,000 $30,000
Difference in cost $30,000
3b. Based on the above differential anaylsis msi should buy the control module reason being that buying the control module will result into incremental savings of $30,000 to the msi. The recommendation to msi is changed based on the new scenario.
Inconclusion Msi should continue to make control module because buying the control module will result into incremental cost of $11,000 to the msi.
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A food worker washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers
What the food worker, who washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers, has done is an example of practicing good personal hygiene.
What is personal hygiene?Personal hygiene involves the following activities: bathing, washing hands, brushing teeth, etc.
The purpose of personal hygiene, especially for a food worker or handler is to prevent biological, chemical, and physical hazards that make food unsafe.
Thus, since food workers come into contact with millions of germs and viruses daily, they must practice personal hygiene.
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When creating video marketing content on a budget, what is the first thing you should consider doing?
Answer:Shooting as much as you can and culling it later
Explanation:
When the members of a marketing channel operate to satisfy their own objectives and maximize their own profits, often at the expense of the other members, the channel operates as:.
The Revised Act permits a corporation to purchase, redeem, or otherwise acquire its own shares unless:
Answer:
The corporation's total assets after the distribution would be less than the sum of its total liabilities and the maximum amount that then would be payable for all outstanding shares having preferential rights in liquidation. The corporation would be unable to pay its debts as they become due in the usual course of its business.
Explanation:
Helpful hardware sells windows (80% of sales) and doors (20% of sales). the selling price of each window is $580 and of each door is $1,180. the variable cost of each window is $385 and of each door is $880. fixed costs are $1,737,720. the weighted-average contribution margin is:
The weighted-average contribution margin of Helpful hardware which sells windows and doors is $216.
Calculation of Weighted-Average Contribution MarginThe weighted-average contribution margin can be calculated using the following formula:
Weighted-average contribution margin = (Contribution margin of windows * Percentage sales contribution of windows) + (Contribution margin of doors * Percentage sales contribution of doors) ……….. (1)
Where:
Contribution margin of windows = Selling price of each window - Variable cost of each window = $580 - $385 = $195
Percentage sales contribution of windows = 80%
Contribution margin of doors = Selling price of each door - Variable cost of each door = $1,180 - $880 = $300
Percentage sales contribution of doors = 20%
Substituting all the values into equation (1), we have:
Weighted-average contribution margin = ($195 * 80%) + ($300 * 20%) = $216
Therefore, the weighted-average contribution margin is $216.
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A customer is looking at a Canyon Meadow jacket, made by Columbia Sportswear Company. Write two questions to determine the customer’s previous experience with the Columbia Sportswear Company (manufacturer of the Canyon Meadow jacket) and its products.
Answer:
a- have you ever run out of products before?
b- are you replacing your old one for a new one?
Explanation:
The short-run aggregate supply curve is more useful than the curves for other time horizons because real-world economies ______. Multiple choice question.
The short-run aggregate supply curve is more useful than the curves because it changes price level and output levels simultaneously.
What is a short-run aggregate supply curve?A short-run aggregate supply curve simply allows one capture how the firm will be able to respond to price stickiness in an economy.
In this case, the short-run aggregate supply curve is more useful than the curves for other time horizons because real-world economies because it changes price level and output levels simultaneously.
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If the planned budget revenue for 5,000 units is $120,000, the flexible budget revenue for 4,500 units is ______.
Based on the planned budget revenue, the flexible budget revenue for 4,500 units will be $108,000.
What is the flexible budget revenue?First find the selling price under the planned budget:
= 120,000 / 5,000
= $24
The flexible budget revenue will be:
= 24 x 4,500 units
= $108,000
In conclusion, the flexible budget revenue is $108,000.
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A pay-for-performance plan in which employees are paid according to their productivity is referred to as
A pay-for-performance plan in which employees are paid according to their productivity is referred to as piece rate.
What is piece rate?Piece rate can be defined as the process in which employee are being paid based on the number of product produced by the employee.
Some companies or employer tend to make use of piece rate pay by paying their employee based on the quantity of goods the company manufacture on a daily basis.
Inconclusion a pay-for-performance plan in which employees are paid according to their productivity is referred to as piece rate.
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According to the national institute for occupational safety and health, how many united states employees feel stressed at work?.
The national institute indicated that about 40% of U.S. workers feel stressed at work.
What is a job stress?This refers to any harmful physical and emotional responses that occur when the requirements of the job do not correspond with the resources or need of the worker.
These job stress have a tendency to result to bad mental health, risk of anxiety, burnout, depression etc.
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What is the reason for using progressive taxes on income?
A) Lower-income individuals have a lower cost of living and can afford to pay more in taxes.
B) Higher-income individuals are more likely to spend their income on consumption of goods, and paying more taxes discourages spending.
C) Higher-income individuals are more likely to afford their standard of living and can afford to pay more in taxes.
D) Individuals of all incomes pay the same percentage of their income toward the tax, making it a fair tax.
The reason for the progressive tax is because the Higher-income individuals can afford a good standard of living and can pay more in taxes.
What is a progressive tax?This is a type of tax imposed based on a taxpayer's ability to pay, that is, the higher the income. the higher the taxrate applicable to the taxpayer's income.
The reason for progressive tax is that a tax would be a disproportionate burden for people with low incomes.
Therefpre, the Option C is correct.
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Fidelity investments is one of the largest mutual fund and brokerage services providers worldwide. it has various offices in cities across the united states. in each office customer, contact personnel have a well-groomed, professional appearance. the inside of the office is clean and attractive. these visible cues are an attempt to deal with the problem of _______ common to service organizations
These visible cues are an attempt to deal with the problem of trust common to service organizations. Hence, the purpose of these cues is to generate much trust from the customers.
Common Customer Service ProblemsThe following are the common customer service problems encountered by the customers:
Long time in responseImpatience on the part of the Customer representative to Listen to the Needs of the customerCustomer Transfer from one department to anotherRudeness on the part of Customer Service agent towards the ClientsInability to offer a solution to the CustomerInability of the Customer Service agent to fulfil Promises.Therefore, these cues are in place to earn trust from the customers.
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Old town entertainment has two employees in year 1. clay earns $4,300 per month, and philip, the manager, earns $10,700 per month. neither is paid extra for working overtime. assume the social security tax rate is 6 percent on the first $110,000 of earnings and the medicare tax rate is 1.5 percent on all earnings. the federal income tax withholding is 15 percent of gross earnings for clay and 21 percent for philip. both clay and philip have been employed all year.
required:
a. calculate the net pay for both clay and philip for march.
b. calculate the net pay for both clay and philip for december.
c. is the net pay the same in march and december for both employees?
It is to be noted that:
the March Net Pay for Clay and Philip are $ 9,997.5 and $ 23,227.5 respectively;December Net Pay for both Clay and Philip are $39,990 and $ 92,910 respectively. Is the net pay the same in March and December for both employees?No. The net pay isn't the same in March and December for both employees.
What is Net Pay?Net Pay refers to the balance of one's income after all deductibles have been removed.
Deductibles include:
Social Security TaxFederal Income TaxMedicare Tax etc.See the attache and Learn more about Net Pay at:
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What does a company do during the post-IPO stage?
a)uses proceeds to expand
b)sells stock to the public
c)files paperwork with the government
d)seeks financing from an angel investor
Answer:
A.Uses proceeds to expand.
Explanation:
Which factor would be most likely to lead to an unsuccessful IPO?
If government land is leased or sold for oil and coal exploration at lower-than-market rates, it is an example of a(n) Group of answer choices earmark. subsidy. tax expenditure. earned income tax credit.
If government land is leased or sold for oil and coal exploration at lower-than-market rates, it is an example of subsidy.
What is subsidy?A subsidy serves as the direct or indirect payment to individuals or firms from the government.
Therefore, government used subsidy to to achieve greater economic efficiency.
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In liability insurance, the maximum amount that the coverage will pay for loss to any one person regardless of overall policy limits, is known as the:
Answer:
Insurance coverage limit
Explanation:
have a good day
advise businesses on the difference between the public sector and private sector
Name the three major credit reporting agencies
Answer:
Transunion, Equifax, Experian
Explanation:
These are three credit reporting agencies that i can give you.
PLEASE HELP ASAP
If you were to taking a loan out for a car. what loan is the best?
Answer:
a loan from the bank or the car manufacturers
Answer:
Financial loan or a loan rom the bank will be better!!!!!!!!!!!!!
Explanation:
HOPE IT HELPS UUUUUUUUUUUU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Billy Witz sells vacuum cleaners door-to-door. After showing Mrs. Davis several models and demonstrations, Billy can tell she is hesitant but interested. Which trial closing is Billy likely to use to ensure a sale
The trial closing that Billy is most likely to use to ensure a sale will be:
"Do you want the standard model or one with the special options package?What is a trial closing?In sales negotiation, this technique is employed by the seller to assess the buyer's readiness to make a purchase decision.
The technique usually comes in the form of questions that ask for decisions on minor selling points.
Therefore, the technique are used in a way to ensure and finalize a sale with the intending buyer.
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An upward shift in the consumption function, other things being equal, could be caused by households: a. becoming pessimistic about the state of the economy. b. becoming optimistic about the state of the economy. c. expecting future income and wealth to decline. d. experiencing a tax increase.
Sometimes, when there is an optimistism on an economy from the households, this could cause an upward shift in the consumption function,
What causes upward shift in the consumption function?Where there is a significant positive returns in the stock market that can increase consumer wealth this could cause the autonomous consumption to increase.
Hence, if there is an optimistism from households, this could cause an upward shift in the consumption function as well.
Therefore, the Option B is correct.
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Product differentiation makes the demand for a monopolistically competitive firm's product: a. perfectly elastic. b. more elastic than for a monopoly. c. more inelastic than for a monopoly. d. perfectly inelastic
Drive-through restaurants next to freeways may charge higher prices than those restaurants farther away from freeways. this is most likely due to __________
Drive-through restaurants close to freeways might charge higher prices due to accessibility.
Why would drive-throughs closer to the freeway charge more?Accessibility plays a major part in pricing, be it in housing or in getting fast foods.
Drive-throughs that are closer to the freeway are easier to access for most people and so restaurants will take advantage of that to charge higher prices knowing that people will pay those prices because the restaurant is accessible to them.
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______________________ include both the private costs incurred by firms and also costs incurred by third parties outside the production process
Social costs include both the private costs incurred by firms and also costs incurred by third parties outside the production process. Therefore, below is a further explanation.
What are Social costs and its inclusion?Social costs are costs that include both the private costs incurred by firms and also additional external costs incurred by third parties outside the production process.
Therefore, the answer is social costs.
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