Disadvantages of a Limited Liability Company
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Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees. Check with your Secretary of State's office.
Transferable ownership: Ownership in an LLC is often harder to transfer than with a corporation. With corporations, shares of stock can be sold by the corporation to increase ownership and, unless there is a shareholder agreement to the contrary, the shareholders can sell their shares to someone else. Typically, with LLCs, unless the members agree otherwise, all members must approve adding new members or altering the ownership percentages of existing members.
Question: Hello: )✨Disadvantages of a Limited Liability Company ?
Answer: The disadvantages include unlimited liability, limited financial resources, difficulty in management, overwhelming time commitment, few fringe benefits, limited growth, and limited life span.An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees. Check with your Secretary of State's office.
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Explanation:
Related Questions
why is investing in long-term assets important? group of answer choices it directly increases the company’s market value it will increase the efficiency of a firm in the short run it allows companies to grow their revenue in the long run it decreases a company’s long-term liabilities it increases a firm’s free cash flow
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The company's overall fixed costs are heavily weighted toward long-term assets, which will be helpful going forward. Long-term asset information is crucial for accurate financial reporting, business assessment, and financial analysis of an organisation.
What are they Long-term assets ?Assets that a company may foresee utilising, replacing, or turning into cash after the ordinary operational cycle of at least 12 months are referred to as long-term assets, also known as fixed or capital assets. They usually remain in use for many years. This distinguishes them from current assets, which companies typically exhaust within a year.
Liabilities plus shareholder equity are the balance sheet's assets. Because a company may only purchase assets with the funds it raises from shareholder stock and loan payments, the equation is what it is.Learn more about Long term assests here:
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What does it mean to you to have too much money?
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If there is a good that is consumed almost entirely by children, a significant reduction in the birth rate would:________
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If there is a good that is consumed almost entirely by children, a significant reduction in the birth rate would move its demand curve to the left.
What is a demand curve?Basically, a demand refers to the quantity of a good that consumers are willing and able to purchase at various prices during a given time. For this demand, the curve is a sort if graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time such as a year.
When the demand curve move to the left, this indicates a decrease in demand because the consumers are purchasing fewer products for the same price. Some other causes are when Consumers spend less because the cost of living is rising or because government taxes have increased or decide to spend less and save more if they expect prices to rise in the future.
In conclusion, when there is a good that is consumed almost entirely by children, a significant reduction in the birth rate would move its demand curve to the left.
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A company uses accrual-basis accounting. On december 20, the company received $1,000 from a customer for services expected to be completed within 30 days. On december 20, the company recorded $1,000 of cash and unearned service revenue. The company does provide the services before the end of the current year, but it omits the year-end adjusting entry. This omission would cause the company’s current year.
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Based on the company omitting the year-end adjusting entry after it had provided the service before the end of the current year, the effect on the company's financials is that the current year c) liabilities will be overstated.
What will happen to the financial statement?Accrual based accounting means that revenue from services should be recognized in the period they are provided. When a service cannot be provided by a company in a period, the company is to record any cash received as unearned revenue which is a liability to the company.
But, If the company is somehow able to provide the service after recording the cash as unearned revenue like the company above did, they are to move the cash from the unearned revenue to the revenue.
If the company omits this adjusting entry, then it would mean that liabilities. This is because unearned revenue is a liability and it should have been reduced by $1,000 after the company provided the service. So, liabilities would be overstated.
In conclusion, liabilities are overstated.
Options for this question include:
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After adjusting for over- or underapplied overhead, the balance in the factory overhead account will be?
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After adjusting for over or underapplied overhead, the balance in the factory overhead account will be Zero.
What is a manufacturing overhead?In manufacturing, an overhead means the ongoing costs to operate a business but excludes the direct costs associated with creating a product or service: it be fixed, variable, or a hybrid of both
As it means an ongoing business expenses not directly attributed to creating a product or service, it is also important for budgeting purposes and for determining how much a company must charge for its products or services to make a profit. In short, it is used to support the business while not being directly related to a specific product or service..
However, in this context, after adjusting for over or underapplied overhead, the balance in the factory overhead account will be Zero.
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What is a good starting point for determining which accounts require adjustment?.
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Unadjusted trial balance is a good starting point for determining which accounts require adjustment.
What do you understand by Unadjusted trial balance?
An unadjusted trial balance is a list of all accounts found in the general ledger.It is prepared at the end of a period (eg month, quarter, year) before any adjusting entries are made.It is usually used as a starting point for analyzing account balances.As the name suggests, account balances must balance, meaning that the total debit and credit balances are equal.Since the unadjusted balance sheet is prepared before any adjusting entries are made, it is not a suitable reference for the preparation of financial statements.To learn more about Unadjusted trial balance, refer to:
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he following is a december 31, 2024, post-closing trial balance for culver city lighting, incorporated. account title debits credits cash $ 55,000 accounts receivable 39,000 inventory 45,000 prepaid insurance 15,000 equipment 100,000 accumulated depreciation $ 34,000 patent (net) 40,000 accounts payable 12,000 interest payable 2,000 notes payable (due in 10 years) 100,000 common stock 70,000 retained earnings 76,000 totals $ 294,000 $ 294,000
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A post-closing trial balance is a list of balance sheet accounts that have non-zero balances at the end of the reporting period. The balance attests to the equality of the debit and credit balances. The two figures should equal each other to produce a net zero balance.
What is a Balanced sheet ?A classified balance sheet is a financial statement that lists a company's assets, liabilities, and stockholders' equity. The balance sheet clearly distinguishes between assets, liabilities, and equity.
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F+your+$500,000+portfolio+has+a+beta+of+1.1,+should+you+add+$50,000+of+a+stock+with+a+beta+of+1.8+and+an+expected+return+of+11.0%?
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No, we should not add $55,000 to a stock with a beta of 1.1 and an expected return of 11%, if our portfolio is $500,000.
What does Beta Mean?The beta of a stock indicates how volatile it is relative to the overall market. For instance, the S&P 500 Index has a beta of 1.0 by definition, and companies are ranked based on how far they deviate from the market. A stock with a beta value above 1.0 experiences longer-term market outperformance.
Stocks with a beta of less than 1 often have fewer jarring movements than the market, however they nevertheless normally rise when the market rises and fall when the market falls. Rare equities with negative beta frequently move in the opposite direction of the market.
High beta stocks produce positive returns that are inflated versions of the S&P 500 returns. Due to this amplification, these stocks frequently perform well during bull markets but can dramatically underperform during bear markets.
A stock that has historically been significantly more volatile than the index it is compared to is said to be high-beta, to put it simply. If a stock's beta value is greater than 2, indicating that it typically moves twice as much as the market, that stock is said to have a high beta.
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Increasing the focus on employee development can also increase employee beliefs that microsoft values their contributions, creating.
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Increasing the focus on employee development can also increase employee beliefs that Microsoft values their contributions, creating received organizational support.
What is known as employee development?
Employee development is the process of improving the existing competencies and skills of employees and developing new ones to support the organization's goals.
The following finer points of interest are contained in this definition:
Employee development is not just about developing organizational L&D strategiesIt's more than just mandatory employee trainingIt goes far beyond annual meetings with employees to discuss their shortcomings and highlight needs for improvementWhen done right, even though employee development requires investment (time, effort, and funding) from the company, those investments will more than pay off in the long run.To learn more about employee development, refer to:
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A convertible bond has a conversion price of $50 and is currently selling in the market at $1,100. the conversion ratio is?
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Answer A convertible bond's conversion ratio is 20, which is calculated by dividing the bond's par value ($1,000) by the conversion price ($50).
What Is the Ratio of Conversion?
The conversion ratio is the proportion of common shares issued upon conversion of each convertible security. The ratio increases when more common shares are exchanged for each convertible security. The convertible security's relative price is affected by the conversion ratio, which is decided at the time the security is issued. The ratio is computed by dividing the par value of the convertible security by the cost of converting equity.
Par value of convertible bonds divided by conversion price of equity is the conversion ratio.
How does conversion factor work?
An amount that is multiplied or divided between one set of units and another is known as a conversion factor. If a conversion is required, it must be performed with the appropriate conversion factor to yield an equivalent value. For instance, when translating between inches and feet, 12 inches equals one foot.
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Full Question - A convertible bond has a conversion price of $50 and is currently selling in the market at $1,100. The conversion ratio is:
A20
B50
C55
D22
marco and tatiana are married and file separate returns for 2021. tatiana itemizes her deductions on her return. marco's adjusted gross income was $18,000, his itemized deductions were $2,400. neither have any dependents.
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Taxable income ($18,00 - $12,400 = $5,600).
Tatiana and Marco are wed and have separate tax returns for 2021. On her tax return, Tatiana itemsizes her deductions. Marco had an adjusted gross income of $18,000 and $2,400 in itemized deductions. neither of them have any dependents, thus Marco shouldn't itemize since his deductions are less than the standard deduction. His taxable income was calculated as follows: AGI - standard deduction ($18,00 - $12,400 = $5,600).
Total income tax owed by Marco is $5,600, multiplied by 10%, or $560.
When the deductions are less than the standard deduction, taxpayers shouldn't itemize.
Who often claims itemized deductions?
Taxpayers frequently choose to itemiz ewhen they may deduct more under the itemized deductions cap than under the standard deduction. In recent years, about 30% of taxpayers choose to itemize.
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the prepaid insurance account had a balance of $4,900 at the beginning of the year. the account was debited for $5,400 for premiums on policies purchased during the year. journalize the adjusting entry required at the end of the year for each of the following situations: question content area a. the amount of unexpired insurance applicable to future periods is $900. if an amount box does not require an entry, leave it blank. blank - select - - select - - select - - select -
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Jo's Market sold $1,000 of goods on credit with terms of 2/10,n/30. The original cost of the goods was $400. The required journal entry to record the sale and cost of the sale would be: debit Accounts Receivable $1,000; credit Sales $1,000; debit Cost of Goods Sold $400; and credit Merchandise Inventory $400.
What is credit and debit?With a debit card, your checking account is almost instantly debited for the amount of the purchase. When you use a credit card, the purchase will be added to your line of credit, which means you will pay the bill at a later time and have a longer payment period.
As an illustration, when two businesses transact, say Company A buys something from Company B, Company A will record a decrease in cash (a Credit), and Company B will record an increase in cash (a Debit). Two distinct accounts of the same transaction are both recorded.
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round to the nearest thousand . 7665
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Answer:
8,000
Explanation:
Hope it helped!
Answer:
8000
Explanation: add 1 when you see 6-10 in rounding off questions.
Which are characteristics of an entrepreneur?select all that apply.
a. indifference
b. inflexibility
c. vision
d. risk-taking
e. competitiveness
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The characteristics of an Entrepreneur are:
1) Vision
2) risk-taking
3) competitiveness
Entrepreneur: A person who spots a need in the market and works to fill it is called an entrepreneur. The word has historically been used to describe a person who begins a business because they sense an economic opportunity in being able to meet a specified need.
The four categories of entrepreneurs are:
1) When they coast, chance either presents itself or doesn't.
2) Conservative (very moderate use of resources, protecting existing resources)
3) Aggressive (proactive, all-in, actively seeks opportunity)
4) Innovator/Revolutionary (attains growth through innovation)
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regal entertainment group operates the largest chain of movie theaters in the u.s. classify each of the following items found on the company’s balance sheet included in the form 10-k for the fiscal year ended january 1, 2015 as a current asset, noncurrent asset, current liability, long-term liability, or stockholders' equity item. 1. trade and other receivables, net 2. class a common stock 3. land 4. inventories 5. interest payable 6. equipment 7. accounts payable 8. retained earnings 9. equipment 10. long-term debt, less current portion
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The regal entertainment group operates the largest chain of movie theatre. Current assets: The assets that are held by the company with the intention of converting into cash within a period of one year can be defined as current assets.
Current liabilities: Current liabilities are the liabilities that are payable within a period of one year.
Stockholders' Equity: Common stock is one of the parts of the stockholders' equity. The common stock is issued to the investors for the amount received from them.
Retained earnings are one of the parts of the stockholders' equity in addition to the common stock. It is the amount held by the entity by accumulating previous years' undistributed profits earned by it.
Non-Current assets: Non-Current assets are the assets, and investments held by the company for which value will not realize within one accounting year.
Long-term liabilities: Long-term liabilities are liabilities that are not due within a period of one accounting year.
Trade and other receivables, net Current asset
Class a common stock Stockholder's equity
Land Non-current asset
Inventories Current asset
Interest Payable Current liability
Equipment Non-current asset
Accounts payable Current liability
Retained earnings Stockholder's equity
Cash and cash equivalents Current asset
Long-term debts, less current Long-term liability
portion.
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suppose that college tuition is higher this year than last year and that more students are enrolled in college this year than last year. based on this information, we can best conclude that
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Let's assume that this year's tuition fees are higher than last year's and the number of students admitted to the university this year is higher than last year's. With this information, we can conclude that the quantity demanded increased due to changes in another factor, despite the increase in price.
Information is a stimulus that has meaning to the recipient in a particular context. When information is entered and stored in a computer, it is commonly called data. After processing such as formatting and printing, the output data is recognized as information again. Convey or receive knowledge of a particular fact or situation. News: information about the crime. Knowledge acquired through study, communication, research, education, etc. Fact: Its wealth of general information is amazing.
Knowledge shared or acquired through learning, teaching, inquiry, or news, shared through acts of communication, whether oral, nonverbal, visual or written. Information has many names: intelligence, messages, data, signals, and facts.
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Which interest group most supported the position represented by the dollar bill with the face of bill bryan?.
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Banks supported the position represented by the dollar bill with the face of bill Bryan the most.
Since the cessation of U.S. fractional currency notes in 1876, the United States one-dollar bill ($1), sometimes known as a single, has been the lowest value denomination of U.S. paper currency. Currently, the obverse of the coin has a representation of George Washington (1789-1797), the first president of the United States, based on Gilbert Stuart's 1796 painting Athenaeum Portrait, and the reverse has the Great Seal of the United States. The one-dollar bill is the piece of contemporary U.S. currency with the oldest overall design (The current two-dollar bill obverse design dates from 1928, while the reverse appeared in 1976).
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there were many objectives for the founders of the ibew. first on their list was to organize all workers in the entire electrical industry in the united states and canada, including all those in public utilities and electrical manufacturing, into local unions.
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There were many objectives for the founders of the below. first on their list was to organize all workers in the entire electrical industry in the united states and Canada, including all those in public utilities and electrical manufacturing, into local unions. True
Electronic Manufacturing Services () is the term used for companies that provide design, manufacturing, testing, distribution, and return/repair services for electronic components and assemblies for original equipment manufacturers.
Electrical Manufacturing manufactures power, distribution and special transformers, electric motors, generators and motor-generator sets, switchgear and control panels, relays and industrial controls.
The Electronics and Electrical Equipment Industry segment consists primarily of companies that manufacture electronic consumables and equipment (wires, transistors, insulators, electric motors, batteries, etc.). This sector does not include computer hardware or consumer electronics manufacturers.
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There were many objectives for the founders of the IBEW. First on their list was to organize all workers in the entire electrical industry in the United States and Canada, including all those in public utilities and electrical manufacturing, into local unions. True
The International Brotherhood of Electrical Workers IBEW is a union representing approximately 775,000 electrical workers and retirees in the United States, Canada, Guam and Panama.
What is the income of IBEW Local 11?
The average salary of IBEW Local 11 ranges from about $74,029 a year for a tradesman electrician to about $74,029 a year for a tradesman electrician. Average IBEW local wages of 11 hours per hour range from about $35 an hour for a craftsman electrician to $35 an hour for a craftsman electrician.
How many local IBEWs are there?
IBEW represents approximately 775,000 active and retired members working in a variety of sectors including utilities, construction, telecommunications, broadcasting, manufacturing, railroads and government.
OLDEST IBEW LOCAL?
On December 20, 1899, Local Union 93 in Ottawa, Ontario became his first IBEW Local Union in Canada.
What is the IBEW Pension Fund?
Established the IBEW Pension Benefit Fund (PBF) to provide previously unattainable pension benefits.
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A student is attending the local technical college in a course of study that will take several months to two years of study. What level of education is he probably pursuing?.
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The level of education he may be attending is an associate degree.
An associate degree is an academic program taken at the undergraduate level (first stage after high school). It aims to provide students with the basic technical and academic knowledge and transferable skills they need to pursue employment or further study in their chosen field.
Associate degrees are most often offered in the US, but you'll also find them in parts of Canada, Hong Kong, Australia and the Netherlands. Other countries have similar programs but with different names, such as foundation degrees in the UK.
In the US, associate degrees are available at many different types of colleges, including community colleges, junior colleges and technical colleges, university-affiliated colleges and university institutes. It usually takes two years full-time to complete an associate degree.
For some students, an associate degree provides preparation for a bachelor's degree, while for others it is a qualification in itself, helping to improve job prospects compared to just completing a secondary education.
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Mack is an oil executive. He wants to start a new company with different partners to explore some drilling opportunities. His attorney advises him about the various business forms. When discussing the llc form, his attorney mentions that one of the biggest disadvantages of the llc form is that?.
Answers
When discussing the LLC form, his attorney mentions that one of the biggest disadvantages of the LLC form is that there is no uniform law governing LLCs in the United States. The correct answer is option(c).
The US equivalent of a private limited company is a limited liability corporation. It is a sort of business structure that combines a corporation's restricted liability with a partnership's or a sole proprietorship's pass-through taxation.
The main advantage of an LLC is evident by its name: limited liability protection. Businesses run by LLCs may allow owners to shield their personal assets from debts and legal actions brought against the company. Due to the legal separation between an LLC and its owners, an LLC restricts this personal liability. Although you could lose the money you put into an LLC, personal assets like your house and bank account cannot be utilized to collect on business debts.
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The question is incomplete.Check the below full question.
Mack is an oil executive. He wants to start a new company with different partners to explore some drilling opportunities. His attorney advises him about the various business forms. When discussing the LLC form, his attorney mentions that one of the biggest disadvantages of the LLC form is that
a. it is taxed like a partnership, unless the members choose differently
b. its members have limited liability for LLC debts
c. there is no uniform law governing LLCs in the United States
d. LLC members pay no taxes
If the loss in revenue from a lower price is exactly offset by the gain in revenue from the increase in sales, then the price elasticity of demand is ______.
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Then the price elasticity of demand is elastic. The price elasticity of demand is the ratio of the percentage change in quantity demanded to the percentage change in price for a product.
The percentage change in quantity demanded divided by the percentage change in price yields the price elasticity of demand. The demand is deemed elastic if the quotient is larger than or equal to one. Demand is termed inelastic if the value is less than one.
A score between 0 and 1 is considered inelastic, because price change has only a minor impact on demand. A product having an elasticity of 0 is regarded completely inelastic.
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Of the over $550 million dollars lent to low-income individuals or to those who do not have access to typical banking services, what was the approximate average size of a loan made by the kiva microfinance services organization?.
Answers
Out of the more than $550 million that the kiva microfinance services organization gave to low-income persons or to those without access to traditional banking services, the average loan size was roughly $416.62.
Microfinance is the umbrella term for the variety of financial products that microfinance institutions (MFIs) provide to their clients, including microloans, microfinance, and microinsurance products. When social entrepreneurs started offering sizeable loans to the working poor in the 1970s, microfinance was born.
One person whose efforts to microfinance have made him well-known on a global scale is Professor Muhammad Yunus, who shared the 2006 Nobel Peace Prize with Grameen Bank. Yunas and Grameen Bank have shown that those in poverty are capable of doing so. Yunus also showed that, when correctly designed, loans given to the working poor had relatively good repayment rates. Profit-driven businessmen and social engineers were drawn to his work.
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a u.s. company is engaged in global outsourcing when it contracts with a call center in india to handle technical support requests from its customers.
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A U.S company is engaged in global outsourcing when it contracts with a call center in India to handle technical support requests from its customers.
Global Outsourcing: What is it?
Global outsourcing is the practise of contracting with an outside service provider to handle a certain business operation. A work, a project, or even an entire department may be outsourced by Western businesses to nations like the Philippines and India.
Global outsourcing, as opposed to conventional business process outsourcing, entails simultaneously utilizing numerous nations for particular service types. One client may, for instance, outsource IT services to India, customer support to the Philippines, web development to Brazil, and so on.
international outsourcing plan
The global delivery model (GDM), which is used by global outsourcing service providers, divides up various corporate assets and operations. They then split it up into several regions and geographies. As a result, one supplier may oversee various tasks from many places.
By doing this, the company process may better utilize its strengths, like customer service. Each team may concentrate on the element that has been given to them. For instance, when calls are routed to another team, the team tasked with handling live conversations is not required to answer them.
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You are choosing between two texting plans. Plan a has a monthly fee of $15 with a charge of $0. 08 per text. Plan b has a monthly fee of $3 with a charge of $0. 12 per text. How many text messages in a month make plan a the better deal?.
Answers
More than 300 text messages in plan A make a better deal between the two texting plans.
For plan A to be the better deal, let m be the number of minutes spent on long-distance calls in a month.
Costs for Plan A therefore equal $15 + 0.08 million.
and Plan B costs are $3 + 0.12 million
By given scenario,
3 + .12m > 15 + .08m
12m - .08m > 15 - 3
.04m > 12
m> 12/0.04
m> 1200 x 100/4
m > 300
Therefore, Plan A will be more advantageous if there are more than 300 messages in a month.
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ree - baotou, china. the region around baotou, china currently provides more than 90% of the world’s supply of rees despite china having less than 40% of the world’s proven reserves (reflecting, in part, regulation regarding environmental issues pertaining to the refining process). the problem 1 placemark shows a large artificial lake created to hold the slurry of liquid and solid waste products from the refining process (including radioactive thorium and uranium). use the polygon tab on the ruler tool to measure the area (acres) of the tailings pile and lake (i.e., trace the boundary highlighted by the problem 1 placemark).
Answers
The area of the tailings pile and lake is about - 2000 acres.
The artificial lake is distributed around a large area of around 8 km2 and accumulates wastes from all the industrial sectors in that area. So, the areal extent of the lake is around 2000 acres
what are the environmental issues pertaining to the refining process this region?The environmental issues that may include lake may be a warehouse of one of the most poisonous compounds within the soil. It contains heavy metals as well as radioactive wastes. These heavy metals and radioactive metals are retained in the groundwater in a better amount reflecting their huge concentrations and these heavy metals as well as radioactive squanders are carcinogenic that influence plant development, inducing disease in plants and creatures.
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Of the over $550 million dollars lent to low-income individuals or to those who do not have access to typical banking services, what was the approximate average size of a loan made by the kiva microfinance services organization?.
Answers
The approximate average size of a loan made by the kiva microfinance services company was $416.62 out of the more than $550 million dollars provided to low-income people or to those who lack access to conventional banking services.
The range of financial products that microfinance institutions (MFIs) offer to their clients, including microloans, microfinance, and microinsurance products, is referred to as "microfinance." Microfinance was created in the 1970s when social entrepreneurs began providing substantial loans to the working poor.
One individual whose contributions to microfinance have made him well-known on a worldwide basis is Professor Muhammad Yunus, who shared the 2006 Nobel Peace Prize alongside Grameen Bank. Yunas and Grameen Bank have demonstrated that the poor are capable of escaping poverty. Additionally, Yunus demonstrated that loans provided to the working poor had relatively high payback rates when structured properly. His work attracted both profit-seeking capitalists and social engineers.
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Stanley receives a monthly social security check from the u. S. Government. This would not be counted when measuring stanley’s personal income. True or false?.
Answers
Stanley receives a monthly social security check from the u. S. Government. This would not be counted when measuring Stanley’s personal income is a false statement.
What is Social Security Program?The social security problem is a program which which provides protection against money loss or earnings loss at the time of death, retirement and disability. this financial operations are normally handled through survivors insurance, disability insurance and old age trust funds.
This is a program which is coordinated by federal government and it runs by using taxes which are paid to the trust fund to provide benefits to those who are eligible.
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madeline spends all of her spare money on widgets, which cost $2 each, and gizmos, which cost $8 each. what is her opportunity cost if madeline buys 12 widgets?
Answers
8 units of gizmos are the opportunity cost, if Madeline buys 12 widgets.
Madeline has buying two products. The first one is widgets , which costs $2 per unit. So she purchased 12 widgets of total cost 24$ .
The another product, gizmos which costs $3 per unit,
If madeline has 24$ fund, then she could buy 8widgets at the rate of $3 per widget.
So, this is the opportunity cost that she can buy 8 widgets with the same fund she have.
Opportunity cost is the advantage that was lost because a particular option was not selected. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
Opportunity costs have a value that can help people and businesses make more lucrative decisions. The formula for opportunity costs is subtracting the return on choosen option from return on the forgone option.
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What kind of cost is described by buying the goods and services an average person
needs?
(1 point)
Oquality cost
O cost of business
O cost of living
O opportunity cost
Answers
The kind of cost which is described by buying the goods and services an average person needs is the cost of living.
Cost of living is referred to as an amount of money which is required in order to cover necessary expenses and to maintain a certain lifestyle standard in a particular place and time. So in this only the necessary expenses are covered such as food, housing, taxes, health care, clothing, transportation, etc.
Cost of living is the cost which is thus maintaining a certain standard of living. There are factors which lead to the changes in the cost of living over time. So the average person is buying goods and services which are necessary at that period of time.
Hence, option C is correct.
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how do financial institutions help with risk-bearing? insurance companies spread out risk by pooling premiums together from policy holders and pay the claims of those who have an accident, fire, medical need or die. this process spreads the financial risk of these events out across a large pool of policyholders and the investors in the insurance company. b. mutual funds and pension funds take your savings and spread them out among the stocks and bonds of many different companies, limiting your exposure to any one company. c. investment companies will deny any attempt by an investor to concentrate their investment in one single company as this would violate their role in spreading out risk. d. financial institutions not only assist with the risk-bearing of savers and investors, but must also be concerned about their own risk, spreading their loans out among a variety of clientele.
Answers
Insurance companies spread out risk by pooling premiums together from policy holders and pay the claims of those who have an accident, fire, medical need or die.This process spreads the financial risk of these events out across a large pool of policyholders and the investors in the insurance company. Mutual funds and pension funds take your savings and spread them out among the stocks and bonds of many different companies, limiting your exposure to any one company. Investment companies will deny any attempt by an investor to concentrate their investment in one single company as this would violate their role in spreading out risk. Options a,b,c are right.
What are financial institutions?
A financial situation, an organisation responsible for providing financial services to costumers. The financial products has money management, account checking and other services that meet the objectives of customers.
This organisation helps in moving funds from savers to borrowers which spreads out risk bearing. The concern will be upon their own risks, apart from the risks held by savers and borrowers. The risk is shared among large number of people where the risk is in the form of premium.
The risk is spread among different companies through investing.
Moreover, they ll be efficient about the evaluation of information.
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