Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with these problems. The owners have legal protection for their personal assets in which of the following types of businesses? O Only

image text in transcribedimage text in transcribedimage text in transcribed

I need help with these problems.

image text in transcribedimage text in transcribedimage text in transcribed
The owners have legal protection for their personal assets in which of the following types of businesses? O Only regular corporations, S corporations, and LLC's O Only proprietorships, partnerships, S corporations, and LLC's Only regular corporations Only regular corporations and S corporations O Only S corporations and LLC'sIf the cost of a product can be graphed as a straight line using the formula y = mx + b, what does the "m" represent? 0 Contribution margin 0 Number of units 0 Fixed cost per unit 0 Variable cost per unit 0 Total variable cost A contribution margin of $32,000 means O the company's fixed costs are $32,000. 0 the company will suffer a loss if its variable costs are greater than $32,000. 0 the company's sales are $32,000. O the company will suffer a loss if its xed costs are greater than $32,000. 0 the company has a net income of $32,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting Reporting and Analysis

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

3rd edition

9781337909402, 978-1337788281

More Books

Students also viewed these Accounting questions

Question

=+c) Compute the CV and RRR for each decision.

Answered: 1 week ago

Question

Self-awareness is linked to the businesss results.

Answered: 1 week ago

Question

1. Too reflect on self-management

Answered: 1 week ago

Question

Food supply

Answered: 1 week ago