Why a limited liability company has become attractive, Accounting Basics

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Why a limited liability company has become attractive

Discuss whether or not you would advise them to form a partnership and on what basis have you come to this conclusion.

Discuss why a Limited Liability Company (LLC) has become an attractive alternative to a traditional partnership. Give an example of an organization that would likely fit the LLC model.

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Accounting Basics: Why a limited liability company has become attractive

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Recent Questions Asked Accounting Basics

Q : How many of each type of rug must ran sell to break-even

Ran Floor and Rugs sells handmade Oriental rugs for $825 each and machine-made rugs for $265 each. Customers buy two times as many machine-made rugs as handmade rugs.

Q : Discuss the high-low method of cost estimation

Ingram Co. manufactures office furniture. During the most productive month of the year, 3,552 desks were manufactured at a total cost of $83,771. In its slowest month, the company made 1,243 desks at a cost of $38,679.

Q : How much will operating income change if sales increase

Variable costs as a percentage of sales for Leamon Inc. are 77%, current sales are $567,804. and fixed costs are $180,873. How much will operating income change if sales increase by $49,877?

Q : What was the income from operations

If the contribution margin ratio for Lyndon Company is 37%, sales were $470,387. And fixed costs were $107,874, what was the income from operations?

Q : Why a limited liability company has become attractive

Discuss why a Limited Liability Company (LLC) has become an attractive alternative to a traditional partnership. Give an example of an organization that would likely fit the LLC model.

Q : Develop the stockholder equity category of peeler

During 2010, Peeler established an employee benefit plan and acquired 500 shares of common stock at $60 per share as treasury stock for that purpose.

Q : Compute the cost assigned to work in process inventory

Plano Industries uses the weighted-average method in its process costing system. The Assembly Department of Plano Industries reported the following information for the month of November.

Q : Show the airplane book value

At the beginning of the year, Logan Services purchased a used airplane for $65,000,000. Logan Services expects the plane to remain useful for 4 years (6 million miles) and to have a residual value of $5,000,000.

Q : What would be the collins corporations net income

The Collins Corporation just started business in January of 2007. They had no beginning inventories. During 2007 they manufactured 11,435 units of product, and sold 8,165 units.

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Accounting Basics: Why a limited liability company has become attractive

Reference No:- TGS0706065

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How many of each type of rug must ran sell to break-even

Q : Discuss the high-low method of cost estimation

Q : How much will operating income change if sales increase

Q : What was the income from operations

Q : Why a limited liability company has become attractive

Q : Develop the stockholder equity category of peeler

Q : Compute the cost assigned to work in process inventory

Q : Show the airplane book value

Q : What would be the collins corporations net income

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Why a limited liability company has become attractive

Reference No:- TGS0706065

Recent Questions Asked Accounting Basics

Q : How many of each type of rug must ran sell to break-even

Q : Discuss the high-low method of cost estimation

Q : How much will operating income change if sales increase

Q : What was the income from operations

Q : Why a limited liability company has become attractive

Q : Develop the stockholder equity category of peeler

Q : Compute the cost assigned to work in process inventory

Q : Show the airplane book value

Q : What would be the collins corporations net income

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