Why would a person change their business status to a LLC?

A. To gain tax breaks

B. To limit their personal liability

C. To help obtain funding through the sale of stock

D. Because it is the easiest form for setting up your business

Answers

Answer 1

Answer:

A) to gain tax breaks

Explanation:

A common reason for changing a co. to an LLC is to avoid double taxation

Answer 2
A should be correct

Related Questions

If country A has a comparative advantage in the production of good X over country B, then: _______________

a. country A should not trade with country B.
b. the domestic opportunity cost of producing X in country A is higher than in country B.
c. the domestic opportunity cost of producing X in country A is lower than in country B.
d. the domestic opportunity cost of producing X in country A is higher or lower than in country B.

Answers

Considering the situation described above, if country A has a comparative advantage in producing good X over country B, then: the domestic opportunity cost of producing X in country A is lower than in country B.

What is Opportunity Cost?

Opportunity cost is often used in economics to describe the profit lost when one choice or option is taken over another.

What is Comparative Advantage?

Comparative Advantage is the term used to describe the economy's capacity to produce a specific good or service at a lower opportunity cost than its trading competitors.

Therefore, given that country A has a comparative advantage in producing good X over country B, this equates to country A having a lower opportunity cost than country B.

Hence, in this case, it is concluded that the correct answer is option C.

Learn more about Opportunity Cost here: https://brainly.com/question/3611557

Which it visionary and ceo revolutionized how we communicate with his company named after a fruit?

Answers

Steven P. Jobs, the visionary co-founder of Apple who helped usher in the era of personal computers and then led a cultural transformation in the way music, movies and mobile communications were experienced in the digital age, died Wednesday. He was 56. The death was announced by Apple, the company Mr.

which industry accounts for about 80 percent of world trade?

Answers

Explanation:

Shipping is the backbone of global trade, around 80% of world trade in goods is carried by the international shipping industry.

Fancy Nails cost formula for miscellaneous expenses is $30 per operating day plus $0.25 per client served. Fancy Nails' miscellaneous expense budget in a month when the business is going to be open for 25 days and they expect to serve a total of 2,400 clients is $______. (Enter your answer as a whole number.)

Answers

Answer:

2430.25

Explanation:

I hope it helps you

Based on the rate for the miscellaneous expenses,  Fancy Nails' miscellaneous expenses for 25 days is $1,250.

What are the miscellaneous expenses for 25 days?

Given the cost formula, the miscellaneous expenses will be:

= (Cost per operating day x Number of days) + (Cost per client x number of clients)

Solving gives:

= (30 x 25) + (0.25 x 2,000)

= 750 + 500

= $1,250

In conclusion, Fancy Nails will have miscellaneous expenses of $1,250.

Find out more on miscellaneous expenses at https://brainly.com/question/9928750.

What is the chief benefit to using a
Capitalistic economic system where
the government does not interfere
with the operation of the free market
(Supply & Demand)?
A. Society always maximizes its economic surplus and
opportunity.
B. A small percentage of the population takes control
of a large percentage of the available resources.
C. The most educated in society make the most
influential decisions.

Answers

Answer: A

Explanation: I had it

A key to effective leadership is the ability to : A. maintain order, stability, and control. B. communicate a vision and rally others around that vision. C.

Answers

Being able to communicate is a key to effective leadership

Effective leadership is one that has strong values and guides their decision-making process. The honest in terms of the interactions and creative in terms of stability and order.

Hence they think out of the box and come up with an innovative solution. Hence the option A is correct that is  maintain order, stability, and control

Learn more about the is the ability.  

brainly.com/question/15835048.

_ entail(s) the tendency of customers to do nothing or remain locked in on decisions or behaviors they have already made or are living out.In a marketing context, _______________ entail(s) the tendency of customers to do nothing or remain locked in on decisions or behaviors they have already made or are living out.

Answers

There are different aspect to marketing. In a marketing context, Inertia entail(s) the tendency of customers to do nothing or remain locked in on decisions or behaviors they have already made or are living out.

Inertia is simply known as a term that often shows the ability of a physical object to not want change and therefore resist it as much as possible.

In marketing, it is known to be a word used to show when businesses do not work or change their marketing strategies so as to meet growing consumer demands etc.

Learn more about Inertia from

https://brainly.com/question/19485154

Which information is found on a credit report?
CO
FE
O grade point average
O list of schools attended
o names of family members
o credit account history

Answers

The correct answer is credit account history! I hope this helps! Plz give brainliest!

Sandra deposits $3,000 at the end of each semiannual period for 12 years at 10% interest compounded semiannually. Determine the amount she will have in the account after 12 years. Round to the nearest cent. A. $133,506. 00 b. $140,181. 30 c. $121,291. 43 d. $70,568. 14.

Answers

The amount she will have in the account after 12 years is $9,675.30

Given information

PV = $3,000

N = 12

M = 2

I = 10%

Future value = PV* (1+i/m)^nm

Future value = $3,000 * (1 + 0.10/2)^2*12

Future value = $3,000 * 3.22509994371

Future value = $9,675.29983

Future value = $9,675.30

Hence, the amount she will have in the account after 12 years is $9,675.30

Read more about Future value:

brainly.com/question/989421

Answer: A 133,506.00

Explanation:

It costs a petroleum refinery $0. 39 to refine one gallon of gasoline, and $0. 39 to refine one gallon of natural gas. The refinery can sell gasoline for $2. 11 per gallon, and can sell natural gas for $1. 60 per gallon. Due to the refining process, the refinery must produce and sell twice as much natural gas as it does gasoline. If the refinery’s monthly overhead costs, not including production costs, are $180,000, how many gallons of natural gas will the refinery have sold when it breaks even each month? Round to the nearest whole gallon, if necessary. A. 86,957 b. 141,732 c. 148,760 d. 217,392.

Answers

The gallons of natural gas that the petroleum refinery must sell to break even each month is A. 86,957.

Data and Calculations:

Variable cost of refining gasoline per gallon = $0.39

Selling price of gasoline per gallon = $2.11

Contribution margin per gallon of gasoline = $1.72 ($2.11 - $0.39)

Variable cost of refining natural gas per gallon = $0.39

Selling price of natural gas per gallon = $1.60

Contribution margin per gallon of natural gas = $1.21 ($1.60 - $0.39)

Contribution margin per two gallons of natural gas = $2.42 since twice of natural gas must be produced.

Fixed costs = $180,000

Break-even point in units for gasoline = Fixed costs/Contribution margin per unit

= 43,478.26 ($180,000/$4.14)

Break-even point in units for natural gas = 86,957 (43,478.26 x 2) gallons.

At the break-even point, the Petroleum Refinery will not make any profit or loss for both gasoline and natural gas.

Thus, the gallons of natural gas that the petroleum refinery must sell to break even each month is A. 86,957.

Learn more: https://brainly.com/question/9212451

Which of the following goods would be included in the calculation of gross domestic product? Select the two correct answers. (1 point)
1.Steel sold to an automobile manufacturer.
2.Notebooks sold to students.
3.French fries sold to customers at a restaurant.
4.Chemicals sold to pharmaceutical developers.
5.Lumber sold to construction firms.

Answers

Considering the available options, the goods that would be included in the calculation of gross domestic product include "Notebooks sold to students."

The other good that would be included in the calculation of GDP is "French fries sold to customers at a restaurant."

What is GDP?

GDP or Gross Domestic Product as it's generally defined as the summation of consumer spending (C), business investment (I), government spending (G), and net exports.

Consumer spending is the sales of used goods and sales from inventories of goods.

Here the used goods include the Notebooks sold to students and French fries sold to customers at a restaurant.

Hence, in this case, it is concluded that the correct answer is options B and C.

Learn more about GDP here: https://brainly.com/question/1383956

Given the following information of a trader calculate the total current assets?

Motor van $3000

Prepaid rates $ 500

Debtors. $3000

Stock. $. 700

Accrued wages. $. 75

Equipment. $500

A. $ 4200
B.$ 5000
C.$2400
D.$3700

Answers

Answer:

A.

Explanation:

CORRECT IF IM WRONG

SORRY FROM NO EXPLANATION

What is political environment in a business? Please help

Answers

Political environment is the state, government and its institutions and legislations and the public and private stakeholders who operate and interact with or influence the system.

What is a consumer product?

Answers

Answer:

sorry po talaga need po points

Answer:

Explanation:

Consumer goods are products bought for consumption by the average consumer. ... Clothing, food, and jewelry are all examples of consumer goods.

In a __________ bond, the arrestee hires a bail agent who posts the amount required and charges a fee for services rendered.

Answers

Answer:

bail

Explanation:

How can I tutor at age 11?

Answers

ask your school or your parents/guardian

David sometimes brings hard boiled eggs for lunch at work, which several of his coworkers do not enjoy the smell of. One day at work, David and his coworkers discussed how they could best share the break room space. They decided that on days David brought in hard boiled eggs he would eat them in his office rather than in the break room.

Answers

There are different types of conflict. The above Scenario is called functional Conflict.

Conflict is one that has both negative and positive consequences. It can result in change, improve situations and bring about new solutions.

There are Two types of conflict that often takes place within a company. They are functional and dysfunctional.

Functional conflict is said to be a form of conflict that is healthy, consist of constructive disagreement between groups or individuals.

Conclusively, Functional conflict among employees helps them to express their viewpoints as in the case of David's co-worker. This can help them identify the problem and then make a way out to resolve it.

Learn more about Functional Conflict from

https://brainly.com/question/8191208

From a macroeconomic point of view, increases in ____________ are an addition to aggregate demand, while increases in ___________ are a subtraction from aggregate demand.

Answers

There are different factors that causes changes in demands. An increases in exports are an addition to aggregate demand, while increases in imports are a subtraction from aggregate demand.

When there is an increase in a country's exchange rate increases, note that the net exports will reduce and aggregate expenditure will reduce too at all price level. This therefore implies that Aggregate demand will decrease.

An increase in the exchange rate will decrease aggregate demand when demand is known to be relatively elastic. This is due to exports falling and imports increasing.

An effect of an exchange rate shift is to alter the prices of goods and services produced in a country.

Learn more about Aggregate demand from

https://brainly.com/question/1490249

True or False: The purpose of a Sprint is to produce a valuable and useful Increment of working product.

Answers

Based on the business management system, it is True that the purpose of a Sprint is to produce a valuable and useful Increment of working products.

What are Sprints?

Generally, Sprints is a brief, time-boxed period utilized by the scrum team to complete a set amount of work rapidly.

Sprint as a time-box of a month or less is used by working teams to enhance their working activities.

Hence, in this case, it is concluded that the correct answer is "True."

Learn more about Sprints here: https://brainly.com/question/5776421

What type of business is basically a special type of licensing agreement?
O A. A partnership
B. A corporation
C. A limited liability company
D. A franchise

Answers

The type of business that is a special type of license agreement is a partnership, as there is a legal written agreement between two parties, that grants the right to use trademarks and patents.

A partnership is a business that is shared by two or more entities, where the parties share legal and financial responsibility through a legal agreement.

Partnerships are more effective for businesses operating in the same sector, for the partnership to be more aligned with the business and increase the companies' positioning in the market.

Therefore, in a partnership, the parties involved will specify through a license agreement the distribution of property, profits and losses, responsibilities and their commercial relationship.

The correct alternative is letter A.

Find out more about partnership here:

https://brainly.com/question/25012970

Answer: a franchise

Explanation:

I am asking for a $____________________ investment in exchange for ______%
of my company.

Answers

Answer:

100

Explanation:

u can get 10% profit.

you will be easily benefited

It can change ur life

who is better Nba Youngboy or Kodak Black

Answers

Answer:

if i had to chose kodak

but young dolph and key glock gucci mane and project pat go hard

nba is dog water

Explanation:

I would choose Kodak really

10. The overall levels of income, employment, and prices are determined by the spending and production decisions
of all except which of the following.
A. Households
B. Businesses
C. Government
D. Foreign Sectors
or prodused in an

Answers

Explanation:

option C. Government

hope Its useful for you

Answer:

I think Government is the right answer.

What is the formula for calculating simple interest?
A. Simple interest - Principal - Rate < Time

B. Simple interest = Principal - Rate + Time

C. Simple interest = Principal Rate < Time

D. Simple interest = Principal + Rate < Time

Answers

Explanation:

the formulary for calculating simple interest is

simple interest= principal×rate×time/100

the formula for calculating simple interest is Simple interest = Principal - Rate + Time

What is simple interest?

Simple interest is a calculation of interest that doesn’t take into account the effect of compounding.  In many cases, interest compounds with each designated period of a loan, but in the case of simple interest, it does not.  The calculation of simple interest is equal to the principal amount multiplied by the interest rate, multiplied by the number of periods.

"The period must be expressed for the same time span as the rate. If, for example, the interest is expressed in a yearly rate, such as in a 5% per annum (yearly) interest rate loan, then the number of periods must also be expressed in years. Note that sometimes changes to interest rates may be expressed in basis points (BPS). It may be worth your while, as a financial professional, to learn how to convert BPS into interest rates.

What is principal?

Principal is most commonly used to refer to the original sum of money borrowed in a loan or put into an investment. It can also refer to the face value of a bond, the owner of a private company, or the chief participant in a transaction.

To learn more about principal here

https://brainly.com/question/22621039

#SPJ3

Currently, you can exchange $1 for SF 1.14. Assume that the average inflation rate in the U.S. over the next two years will be 2.5 percent annually as compared to 3 percent in Switzerland. Based on this information and relative purchasing power parity, which one of the following assumptions can you make regarding the next two years?
A. The Swiss franc will appreciate against all currencies.
B. The Swiss franc will appreciate against the U.S. dollar.
C. The U.S. dollar will appreciate against all currencies.
D. The U.S. dollar will appreciate against the Swiss franc.
E. Both the U.S. dollar and the Swiss franc will appreciate against all other currencies.

Answers

In the next two years, the U.S. dollar will appreciate against the Swiss franc.

Exchange rate is the rate at which one currency is exchanged for another currency. In this equation $1 would be exchanged for SF1.14.

Purchasing power parity theory states that the same basket of books would cost the same when the exchange rate between the countries have been adjusted for. If the inflation rate of one country is expected to increase more than that of the other country, the country with the higher inflation rate, will experience a depreciation of its currency.

For more about exchange rate, please check: https://brainly.com/question/25780725

When applying for a job, which document should you tailor to fit the job posting?

Both the cover letter and the résumé

Neither the cover letter nor the résumé

Only the cover letter

Only the résumé

Answers

both the cover letter and résumé

The ABC Corporation has a long-standing policy of maintaining a dividend payout ratio of 45%. ABC's net income for the year is $12 million, and there are 8 million shares of common stock outstanding. After a 3:2 stock split, the annual dividend per share is

Answers

Based on the information given the annual dividend per share is $0.45.

Distribution of net income to common shareholders:

Amount available for common shareholders=45%×$12 million

Amount available for common shareholders =$5,400,000

Number of shares:

Shares=(8 million shares × 3)/2

Shares= 24 million shares/2

Shares = 12 million shares

Annual dividend per share:

Annual dividend per share=$5,400,000/12 million shares

Annual dividend per share=$0.45

Inconclusion the annual dividend per share is $0.45.

Learn more about annual dividend here:https://brainly.com/question/25557702

1. Read the following data regarding payroll deductions, and answer the questions that follow:

Lydia: $9.50/hour, worked 20 hours this pay period

Thomas: $12.50/hour, worked 40 hours this pay period

Bruce: $8.50/hour, worked 30 hours this pay period

a. Using a spreadsheet program, create a payroll spreadsheet with the information above. Be sure to include proper headings.

b. Add a “Tax (%)” column. Apply a nested IF statement to the spreadsheet to determine the percentage of taxes that needs to be deducted. For someone who makes $9.00 or less an hour, the is 5%. For someone who makes between $9.01 and $12.00 an hour, the rate is 6%. For someone who makes more than $12.01 an hour, the is 7%.

c. Describe hour you generated this column.

Answers

The hours generated are:

Lydia - 20Thomas - 40Bruce - 30

The Net Amount Payable are:

Lydia - $176.70Thomas - $465.00Bruce - $237.15

What is a Nested IF THEN ELSE Statement

This is a function/formula within Microsoft Excel Spreadsheet that allows one to carry out conditional calculations such as the one explained in the question. Please see the attached spreadsheet.

Learn more about formulas in spreadsheets in the link below:

https://brainly.com/question/25879801

Sean’s mother had to make an emergency purchase of a new tire because her tire went flat while she was traveling to the store. She is not sure how much money she has in her checking account. Which method of payment should she use to be financially responsible?
She should pay by telephone with her debit card.
She should pay with a debit card.
She should pay with a credit card.
She should pay with a check.

Answers

Answer:

c. She should pay with a credit card.

Explanation:

Credit cards are basically loans that the banks give to the customer to use and pay back before the due date.

Now if Sean's mother does not know how much money she has, she must use the credit card because to be financially responsible and pay the type services their due amount.

Later she can check her account details and make payments to the bank as per requirement.

Explanation:

The most financially responsible option for Sean's mother would be to pay with a debit card. The correct option is B.

Why debit card is better than cash?

You can carry out purchases using a debit card rather than scrambling for cash, looking through your pockets or handbag for exact change, writing a check, or visiting an ATM. It's also more convenient than ever thanks to the increase in companies accepting debit card payments.

This is because a debit card transaction deducts the payment directly from her checking account, so she can only spend the money she actually has available. This can help her avoid overspending or going into debt.

Paying by telephone is also a convenient option, but it is important for Sean's mother to make sure she is using a secure and trusted payment system to protect her personal and financial information.

Using a credit card or writing a check are also options, but they may not be as financially responsible in this situation. With a credit card, Sean's mother would be borrowing money and may incur interest charges if she doesn't pay the balance in full. Writing a check may take longer to process and may not be accepted by all tire shops.

Thus, the ideal selection is option B.

Learn more about Debit Card here:

https://brainly.com/question/27934503

#SPJ7

Maria has started a lawn care service about a year ago. She did
good work and her customers spread the word. Sales are
increasing quickly! What stage of the product life cycle is
described in this example?
O Introduction
O Growth
O Maturity
O Decline

Answers

I believe it’s growth

Answer:

your answer to this i belive would be growth

Explanation:

Other Questions
It takes 2 yards of material tomake 6 scarves, how many yards of material are needed to make 24scarves? The goal of the ____ memory allocation algorithm is to find the smallest memory block into which a job will fit. Mrs. marks has to pay if she drives 300 miles. 25 + 0.30*m= The Men That Dont Fit In by Robert Service and The Rebel by D.J How is the theme of both poems similar or different? -3x-2y=-6-3x+2y=18(?,?) Which agricultural inventions prompted the Sung dynastys population growth?There is more than one answer:-New methods for breeding livestock were used-New irrigation techniques were used.-New strains of rice were grown.-New strains of wheat were grown.New methods for breeding livestock were used.HELP PLEASEEEE 1 Michael Henchard gives up searching for his wife and runs away to the town of Casterbridge.Imagine that you are a friend of his that lives there. He asks you for guidance and advice so that he can do better as a human being moving forward.What would you tell him? 1. While on a movie set, a stuntman jumps offthe roof of a building. As he falls toward anairbag, what is increasing?A. gravityB. wind velocityC. kinetic energyD. potential energy Darren got 42 out of 56 questions correct on a test. What percent of the questions did he get correct? PLEASE HURRY!!!Provide reasons for the statements of this proof.Given: Point M is the midpoint of AD Point M is the midpoint of BCProve: AB DCStatement:Point M is the midpoint of AD, Point M is the midpoint pf BCAM MD and BM MC 1. Kim's age is three times that of her sister. When you add Kim's age to her sister's age, you get 48. How old is each sister? (a) Write an equation that represents the situation. Explain any variable used. (1 point) (b) Solve the equation from Part (a). Show your work. (4 points) What is the difference between a budget deficit and a budget surplus? help me 20 pts pls and brainliest What is the difference between emphysema and asthma?Emphysema is an inflammation of the lungs, while asthma is a bacterial infection of the lungs.Emphysema is the gradual destruction of the alveoli, while asthma is a sensitivity to irritants that causes the airway to constrict.Emphysema is a sensitivity to irritants that causes the airway to constrict, while asthma is the gradual destruction of the alveoli.Emphysema is a bacterial infection of the lungs, while asthma is an inflammation of the lungs. One theme found throughout The Odyssey is that good leaders take responsibility for those in their charge. Which lines from the text best support this theme?A."The wind that carried west from Iliumbrought me to Ismarus, on the far shore,a strongpoint on the coast of Cicones.I stormed that place and killed the men who fought."B."I drove them, all three wailing, to the ships,tied them down under their rowing benches,and called the rest: All hands aboard;come, clear the beach and no one tastethe Lotus, or you lose your hope of home."C.He drew to his fist the cruel head of an arrow for Antinous just as the young man leaned to lift his beautiful drinking cup, embossed, two-handled, golden: the cup was in his fingers:the wine was even at his lips: and did he dream of death?D."Spare yourown people. As for ourselves, we'll makerestitution of wine and change 93 to base 4 iF I HAVE 45 kIDS HOW MANY MOMS DO THEM KIDS HAVE The intended audience of Al-Beruni excerpt most likely consists of How to fix this? I need to save both n an era of bad harvests, famine, and rioting, the French government took steps to improve the worsening financial crisis. What did the government do?The government raised taxes.The government called for genuine political reform.The government forced all estates to pay the same taxes.The government reduced the Third Estates tax burden.