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What is a limited liability company (LLC)and why would an entrepreneur choose it as a form of ownership?
Fixed Expenses
Costs that do not change with the volume of production or sales, such as rent, salaries, and insurance.
Merchandise Inventory
The total cost of all the goods that a retail company has available for sale at any given time.
Net Income
The total profits of a company after all expenses, including taxes and interest, have been deducted from total revenues.
Accounts Receivable
Accounts receivable represents money owed to a company by customers who have purchased goods or services on credit.
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