Compared to a sole proprietorship and a general partnership, a limited partnership has limited personal liability. The correct answer is option c.
What is a limited partnership?A limited partnership is a type of business partnership where there are at least two partners involved in the business venture. These partners have differing levels of liability and responsibility within the partnership. The limited partnership is made up of at least one general partner and at least one limited partner.
The general partner is responsible for the day-to-day operations and management of the business. This partner is also responsible for the debts and obligations of the business. In contrast, the limited partner has limited responsibility and liability. This partner is only responsible for the amount they have invested in the business.
What is personal liability?
Personal liability refers to the legal obligation that an individual has to repay debts or damages. In a sole proprietorship, the business owner has unlimited personal liability. This means that the owner is personally responsible for all debts and damages incurred by the business. In contrast, in a limited partnership, the limited partner has limited personal liability. This means that they are only responsible for the amount they have invested in the business.
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When economic choice involves an adjustment to an existing situation, marginal analysis
a.
has no practical applications or real-world uses
b.
eliminates incorrect decisions and bad choices
c.
involves comparing the additional costs and additional benefits of an activity before deciding
d.
involves examining only the total costs and total benefits of an activity before deciding
e.
none of the above
Marginal analysis is a tool for making economic decisions by weighing the additional costs and additional benefits associated with a given activity.
This is accomplished by comparing the marginal benefits and marginal costs of a given decision.
By doing this, it is possible to identify whether an action is worth taking or not.
By conducting marginal analysis, incorrect decisions and bad choices can be eliminated, since it takes into account all the costs and benefits of an activity, as opposed to examining only the total costs and total benefits. Therefore, marginal analysis has practical applications and real-world uses, as it helps to make informed decisions that are financially beneficial in the long run.
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ssuming that prices rise over time, which inventory cost flow assumption will result in the lowest pretax income? multiple choice question. fifo lifo weighted-average
The inventory cost flow assumption that will result in the lowest pretax income assuming that prices rise over time is LIFO(last in, first out). The correct answer is option b.
Under LIFO, the cost of goods sold (COGS) is calculated based on the assumption that the most recently purchased inventory items are sold first. This means that when prices are rising over time, the COGS will be based on the higher cost of the more recently purchased inventory items.
This, in turn, leads to a lower gross profit and a lower pre-tax income since the cost of goods sold is higher.
On the other hand, under FIFO (first in, first out), the COGS is calculated based on the assumption that the first purchased inventory items are sold first. This means that when prices are rising over time, the COGS will be based on the lower cost of the earlier purchased inventory items, which leads to a higher gross profit and higher pre-tax income.
Weighted-average cost flow assumption calculates the COGS by taking the average cost of all the inventory items in stock during the period. While this method is less affected by price fluctuations than LIFO, it can still result in a lower pre-tax income compared to FIFO during rising prices due to the averaging effect of costs.
Therefore, in a rising price environment, LIFO generally results in the lowest pre-tax income among the three inventory cost flow assumptions.
So, the correct answer is option b) LIFO.
The complete question is -
Assuming that prices rise over time, which inventory cost flow assumption will result in the lowest pretax income?
a. FIFO
b. LIFO
c. weighted-average
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Your first semester of college, you take out a small loan to help pay for books. Despite being busy, you get a part-time job. Although you don’t have to pay your loan back until you graduate, you’ve saved enough by the end of the semester and you will pay off the loan in full.
Does your credit score go up or down? Why?
Paying off a loan in full can have a positive impact on your credit score. When you take out a loan, it is viewed as debt, and your credit score is affected by your debt-to-income ratio. If you have too much debt, lenders may see you as a risk and be less likely to loan you money in the future.
However, paying off the loan in full demonstrates responsibility and the ability to manage your finances effectively, which can lead to an increase in your credit score. Additionally, making timely payments on your loan can also positively impact your credit score. Overall, paying off a loan in full and on time can have a positive impact on your credit score.
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Which important aspect of goal setting helps you keep an eye on the big picture and is useful for giving yourself feedback?.
The important aspect of goal setting that helps to keep attention on the big picture while being useful for feedback purposes is B. behavioral objectives.
What is a behavioral objective?
A behavioral objective is a learning outcome that details the learner's experience in measurable terms and forms the learning and performance evaluation basis.
Answer Options:A. teaming objectives
B. behavioral objectives
C. tactical planning
D. deadlines
Thus, the important aspect of goal setting is not teaming objectives, tactical planning, or deadlines but behavioral objectives.
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1. Your friend asks to borrow $50 and offers to pay you back with interest. What factors
would you consider in your decision to accept or decline their request?
The factors that you have to think about would before giving out the loan would be the following:
The loan periodThe ability to pay back the loanThe interest that is on the loanHow the money is to be returned.What is a loan?This is the term that is used to refer to an amount of money that would be given to a person that is the borrower by the lender for a period pf time and for them to pay back with interest.
To be able to determine if you are to give out a loan, you have to take the ability of the person to pay you back the amount as a fator.
Also you have to check the character of the person that you are to loan the money to.
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PLEASE HELP
Match each profession with its usual work environment.
1. Solar photovoltaic installer
2. Ironworker
3. Construction manager
4. Cement mason
A.Roof of a building
B.Outdoors at great heights
C.Outdoor job site
D.Field office
Answer:
1.) Solar photovoltaic installer - a. roof of a building
2.) Ironworker - b. outdoors at great heights
3.) Construction manager - d. field office
4.) Cement Mason - c. outdoor job site
Explanation:
please correct me if I'm wrong
The debt service coverage ratio indicates: The amount of debt a company needs to borrow to maintain its operations The proportion of equity versus debt a company uses to finance its assets A company's short term liquidity and financial well-being A company's ability to use its operating income to cover its loan repayments Review Later
The debt service coverage ratio indicates a company's ability to use its operating income to cover its loan repayments. It measures the company's ability to generate sufficient cash flow to meet its debt obligations. The ratio is calculated by dividing the company's operating income (or net operating income) by its total debt service, which includes principal and interest payments on outstanding loans.
A higher debt service coverage ratio indicates a stronger ability to meet debt obligations and is generally seen as a positive indicator of financial health and stability. It demonstrates that the company has a sufficient margin of cash flow to cover its debt payments, reducing the risk of default.
Lenders and investors often use the debt service coverage ratio to assess a company's creditworthiness and evaluate its ability to service its debt. A lower ratio may indicate financial strain and higher risk, as the company may have difficulty meeting its debt obligations. It can also impact the company's ability to access additional financing or negotiate favorable loan terms.
Monitoring the debt service coverage ratio over time allows stakeholders to assess a company's financial performance and evaluate its ability to handle its debt load, providing insights into its financial stability and viability.
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journal
March 01 March 03 March 09 March 15 March 27 Debit balance of Binod account Rs.25,000. Sold goods to Binod Rs.20,000. Sold goods for cash Rs. 10,000. Cheque received f
Journal entries of the given transactions are as follows.
Debit balance of Binod account Rs.25,000.Binod A/C.......Dr 25000
To cash A/C 25000
Sold goods to Binod Rs.20,000.Binod A/C.......Dr 20000
To Sales A/C 20000
Sold goods for cash Rs. 10,000.cash A/C.......Dr 10000
To Sales A/C 10000
A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
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Under the LIFO retail method, we determine that:__________.
a) a new layer of inventory has been added during the period if the ending inventory at retail is greater than the beginning inventory at cost.
b) the ending inventory at retail is greater than the beginning inventory at retail.
c) the ending inventory at retail is less than the beginning inventory at retail.
Answer: the ending inventory at retail is greater than the beginning inventory at retail
Explanation:
In the Last-In-First-Out(LIFO) method, it is assumed that the units that are sold are the ones that were recently bought.
Under the LIFO retail method, to determine a new layer at retail, the beginning inventory at the retail will have to be deducted from the ending inventory at retail.
This means that a new layer of inventory will be added when the ending inventory at retail is greater than the beginning inventory at retail.
a marketing plan and operating budget are two components of
a.a long range planning
b. a business plan
c. short range planning
d. a staff planning
A company produces 10 items, charges $45 per item. When it produces 20 items, it charges $40 per item. Cost to produce 10 items is $450, cost to produce 20 items is $650. What is the price, cost, revenue, profit functions. What is the break-even points, max profit and items to produce to get max profit.
Answer:
a. The price, cost, revenue, profit function = Revenue - Cost = (price * quantity - cost)
b. Break-even point = Total Revenue = Total Cost
= $450 = $450
break-even point in units = 10 items
c. Maximum profit = $150
Items to produce to get max profit = 20 items
Explanation:
a) Data and Calculations:
Sales Revenue for 10 items = $450 ($45 * 10)
Cost of sales for 10 items = $450
Sales Revenue for 20 items = $800 ($40 * 20)
Cost of sales for 20 items = $650
The price, cost, revenue, profit function = Revenue - Cost = (price * quantity - cost)
For 10 items, function yields = {($45 * 10) - $450} = 0
For 20 items, function yields = {($40 * 20) - $650} = $150
An S corporation does not recognize a loss when distributing assets that are worth less than their basis. a) True b) False.
b) False. An S corporation does recognize a loss when distributing assets that are worth less than their basis.
When an S corporation distributes assets with a fair market value lower than their adjusted basis, it results in a loss for the corporation. This loss can be recognized and used to offset other income or gains of the S corporation, reducing its taxable income. It is important to note that shareholders of the S corporation may have limitations on deducting the loss on their personal tax returns. Loss refers to a financial outcome where the expenses or costs incurred by an individual, business, or entity exceed the revenue or income generated. It represents a negative result in terms of financial performance. Losses can occur in various contexts, such as in business operations, investments, or personal finances. In business, losses can result from factors such as low sales, high expenses, inefficient operations, or unfavorable market conditions. They can impact profitability and financial stability, and businesses often aim to minimize or mitigate losses through strategic planning, cost control, and risk management.
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Students will write a three-page essay about themselves, and their families! This essay can include detailed family history, sharing any struggles that their family has faced. Students should also include their own background, school interests, activities, work, etc., (About 375 words)
In writing an essay you must consider the structure of the essay, Hence, the structure of the essay should be considered;
The Introduction The bodyThe conclusionFor this essay concentrate on yourself and write about what makes you you.
This is further explained below.
What is family?Generally, A family is a group of two or more people who are connected by blood, marriage, or adoption and who live together; all of these people are regarded as belonging to the same family.
In conclusion, Write about yourself as well as the unique features of your family, detailed family history, sharing any struggles that your family has faced.
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just say sum and ill give you alot of points⇒⇒⇒⇒
1.
Control Account is known as
A country decides to impose a tax to reduce the external cost created by carbon emissions. Prior to the tax,____
and as a result of the tax,_____
A. marginal cost equals marginal benefit, marginal cost will be less than marginal benefit
B. there was no deadweight loss; a market failure occurs because taxes reduce production
C. market failure occurred; the deadweight loss is reduced
D. market failure occurred producer surplus will equal consumer surplus
E. producer surplus equals consumer surplus; marginal cost equals marginal benefit
Answer:
C. market failure occurred; the deadweight loss is reduced
Explanation:
Carbon emissions produce externalities: they affect others not involved in the transaction, in the form of pollution, or in the form of contributions to climate change. Externalities are a form of market failure because in this situation, the market fails to allocate resources in a way that produces the best social benefit (the Pareto Optimum).
To correct the externality, a tax is imposed, this type of tax is known as a Pigouvian tax. The Pigouvian tax reduces the deadweight loss caused by the externality.
Suppose you are planning a summer vacation and book a hotel room online for $149 a night. However, when you get to the reservation screen, you are informed that you will be charged an additional $30 a night in various taxes that you have to pay to the hotel.
Indicate whether each of the given factors is likely to raise the economic burden of the tax for you or for the hotel. (for each of the following)
i- A hurricane recently ravaged the area, resulting in many vacancies at competing hotels.
ii- There are many other hotels in the area
iii- It is the peak of tourist season
iv- The hotel has unique architecture and is considered a historical landmark.
Answer:
iii
Explanation:
Most of the time hotels will charge more when more rooms are booked, so when you book your hotel room, and many rooms are booked, most people do get charged more.
A hurricane would raise the burden of tax on the hotel.
The availability of many hotels would raise the burden of tax on the hotel.
The peak of tourist season would raise the burden of tax on you.
As a result of the hotel's architecture, the burden of tax would raise on you.
What does the burden of tax mean?
Economic burden of tax refers to who pays more tax between the buyer and the seller. The economic burden of tax depends on the elasticities of demand of the consumer and the elasticities of supply of the supplier.
The party between the supplier and the consumer that has a more elastic demand or supply would bear less tax burden and the party that has a less elastic demand would bear more tax burden.
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what does a high employment rate include?
for business and personal finance: What is insurance?
Answer:
Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.
From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.
Suppose that Ms. Thomson is currently exhausting her money income by purchasing 10 units of A and 8 units of B at prices of $2 and $4 respectively. The marginal utility of the last units of A and B are 16 and 24 respectively. These data suggest that Ms. Thomson: Group of answer choices considers A and B to be complementary goods. has preferences that are at odds with the principle of diminishing marginal utility. should buy less B and more A. should buy less A and more B.
Answer: should buy less B and more A.
Explanation:
Price of good A, PA = $2
Price of good B, PB = $4
The marginal utility on the last unit of A, MUA is given as 16
The marginal utility on the last unit of B, MUB is given as 24
Then, the marginal utility on the last dollar spent on A will be:
= MUA/PA
= 16/2
= 8
The marginal utility on the last dollar spent on B will be:
= MUB/PB
= 24/4
= 6
Based in the above calculation, Thomson should buy less B and more A as the marginal utility on the last dollar that is spent on A is more than that of B.
Which view of report creation allows you to customize the report before the database program creates it?
Creating a report in [BLANK] allows you to customize the report before the database program creates it.
Edmentum Plato
Creating a report in Design view allows you to customize the report before the database program creates it.
Design view, also known as Layout view, is a Microsoft Access view that allows you to create, edit, and modify reports with a high degree of precision by giving you full control over the report's layout, formatting, and appearance.In Design view, you can add and remove fields, change field properties, adjust column widths, add or delete controls, and adjust the layout of the report. You can customize the report in every possible way before you generate it. This view provides an easy way to create custom reports and to adjust existing ones. You can also add sorting and grouping levels to the report, apply filters, and add criteria to limit the records that are displayed. You can use the Design view to customize the report format, size, layout, font, and color. You can add images, logos, headers, and footers to the report. Design view is a powerful tool that allows you to create complex reports quickly and easily.
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Buying a house is most likely a long-term goal for a person of which of these ages? O A. 15 years old OB. 65 years old O C. 55 years old O D. 75 years old
Answer:
A
Explanation:
Answer:
A: 15 years old
Explanation:
In order for a check to be legal tender it must be?
O Authorized
O Certified
Signed
O Processed
Answer:
certified signed
Explanation:
that signature come from police
Answer:
certified signed
Explanation:
The check only have power or in other words legit when only have the certification from the bank or the treasury.
Type in a sentence using the word Financial planning wrong
ong answer: right here right now, inc. sells streaming media subscriptionsthe company has grown alot recently and has noticed that it has been getting a larger number of complaints about customer service right here right now arranged for its customer service employees to recieve training on best practices and telephone customer service they have hired you to thoroughly evaluate the training you to arrange a meeting to go over your plans with customer service manager below create a brief meeting agenda including objectives discussion topics each with a estimated amount of time alotted to it and propose next steps your discussion topics should include brief descripters of the areas you plan to evaluate and soon those evaluations should take place include all four levels of evaluation discussed
Answer:
well i first would welcome everyone and thank you for coming
1. Training what is going well and what needs to change
2.Meeting ask anyone what they think that might help
3.Due times if any work that you assigned tell them if there is a due date
4.Plans to evaluate when the next meeting should be held
Explanation:
which of the following is an assumption of the basic eoq model? a. demand may be seasonal. b. orders can arrive in partial shipments. c. lost sales are allowed, but not back orders. d. quantity discounts are not considered. e. lead time is unknown.
The assumption of the basic EOQ (Economic Order Quantity) model is:
d. Quantity discounts are not considered.
The EOQ (Economic Order Quantity) model is a tool used in inventory management to determine the optimal order quantity that minimizes the total cost of holding and ordering inventory. The basic EOQ model makes the following assumptions:
Demand for the product is known and constant.Lead time (time between placing an order and receiving it) is known and constant.The order quantity is received in a single delivery.The cost per unit of the product is constant.Holding cost per unit of inventory is known and constant.Ordering cost per order is known and constant.There are no quantity discounts.All demand is satisfied (i.e., no stockouts or backorders).learn more about basic eoq model
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QUICK!! FiRST PERSON TO ANSWER THIS CORRECTLY GETS BRAINLIES
Answer:
I belive it's A.
Explanation:
Becuase often times, they collect and file and that was the only one that really made sense to me. Let me know if im wrong though.
QUESTION 3
a) There are people who have the opinion that marketing has a psychological perspective? Explain your agreement or disagreement with this.
b) Different marketing techniques will be used for different products depending on what comes with it. This is important because the marketing technique will influence the perception about the product quality. Why is marketing a university more difficult than marketing a shoe?
c) A critical debate about the differences between goods and services have always been discussed. Why is determining the difference between goods and services important in marketing?
d) A graduate was asked to choose between being a marketing officer and an accounting officer, he chose to be an accounting officer. What makes marketing difficult in organizations?
a) I agree that marketing has a psychological perspective as it involves understanding the target audience's behavior and perception towards a product or service. A marketer needs to understand how their audience thinks, what motivates them, and how they perceive their product or service.
b) Different products require different marketing techniques as each product has its unique set of features and benefits. Marketing a university is difficult as it is not a tangible product. It is a service that is intangible and does not have a physical form that can be touched or felt. Therefore, marketing a university requires a more extensive effort to convince people about its value.
c) The difference between goods and services is essential in marketing as it helps to determine the marketing strategies required for a specific product or service. Goods are tangible products that can be touched, whereas services are intangible, and involve an experience. Understanding the difference between goods and services helps to determine the marketing mix, which includes product, price, promotion, and place, required for each product or service.
d) Marketing is difficult in organizations because it involves creating a positive perception of a product or service. It is essential to understand the target audience, their needs, and their preferences. It involves extensive research and analysis, which requires time and resources. Marketing also involves a lot of competition, which means that marketers need to be creative and innovative to stand out from their competitors.
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Malley Company sells 100,000 units for $13 a unit. Fixed costs are $350,000 and net income is $250,000. What should be reported as a variable expenses in the CVP income statement? $1, 050,000. $700,000 $600,000. $950,000.
In the CVP income statement, the variable expenses of $700,000 would be reported. Therefore, the correct option is option 2.
To find the variable expenses in the CVP income statement for Malley Company, we'll use the following formula:
Variable expenses = Total sales - Fixed costs - Net income
First, let's calculate the total sales:
Total sales = Units sold * Price per unit = 100,000 units * $13
Total sales = $1,300,000
Now, plug in the values into the formula:
Variable expenses = $1,300,000 - $350,000 - $250,000
Variable expenses = $700,000
So, the variable expenses to be reported in the CVP income statement for Malley Company are $700,000 which corresponds to option 2.
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In the CVP income statement, the variable expenses of $700,000 would be reported. Therefore, the correct option is option 2.
To find the variable expenses in the CVP income statement for Malley Company, we'll use the following formula:
Variable expenses = Total sales - Fixed costs - Net income
First, let's calculate the total sales:
Total sales = Units sold * Price per unit = 100,000 units * $13
Total sales = $1,300,000
Now, plug in the values into the formula:
Variable expenses = $1,300,000 - $350,000 - $250,000
Variable expenses = $700,000
So, the variable expenses to be reported in the CVP income statement for Malley Company are $700,000 which corresponds to option 2.
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When a buyer purchases a property that has an existing mortgage loan, the buyer does not add his or her signature to the note, meaning the buyer does not take on any personal liability. In this case, the buyer is said to:
When a buyer purchases a property that already has an existing mortgage loan, the buyer is essentially taking on the responsibility of paying off the remaining balance on the loan. However, the buyer does not need to add their signature to the note, which means that they do not take on any personal liability for the debt. This scenario is known as an assumption.
An assumption is a process where the buyer takes over the existing mortgage loan of the seller, without the need to obtain a new loan. This process can occur in various situations, such as when the seller wants to sell their property but still has an outstanding mortgage on it. In this case, the buyer can assume the mortgage and take over the payments, which helps to simplify the buying process.
Assuming a mortgage can be beneficial for both the buyer and the seller. For the buyer, they do not have to go through the lengthy process of obtaining a new mortgage, which can be time-consuming and stressful. Additionally, the terms of the existing mortgage loan may be more favorable than what the buyer could obtain on a new loan.
For the seller, an assumption can make their property more attractive to potential buyers, as it can make the buying process smoother and quicker. Additionally, if the seller has a low-interest rate on their mortgage, the buyer can assume that rate, which could make the property more desirable.
In conclusion, when a buyer purchases a property with an existing mortgage loan and does not add their signature to the note, they are said to have assumed the mortgage. This process can be beneficial for both the buyer and the seller, as it can simplify the buying process and provide favorable loan terms.
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