Answers
The statement that in a limited partnership, a limited partner has full responsibility for the partnership and for all its debts is false.
What is a Limited Partnership?
A limited partnership (LP) is a partnership agreement between two or more partners - a general partner and limited partners who go into business together.
The limited partners are only liable for the amount they invested in the business but have little to no involvement in the management of the business.
The general partners have unlimited liability and are fully in charge of the management of the business.
Therefore, a limited partner does not have full responsibility for the partnership and for all its debts in a limited partnership.
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Related Questions
subject: Introduction to Accounting
Answers
Accounting is a way of keeping track of financial activities by creating financial statements that include both text and numbers. It is a crucial tool for billing clients, managing assets and liabilities (debts), assessing profitability, and monitoring cash flow.
What does accounting's beginning entail?Accounting, commonly known as the language of business, is a channel used to convey important financial information about company enterprises. For many users, financial data is necessary in order to make crucial decisions. Internal users and external users are the two main categories into which these users can be split. The measuring, processing, and sharing of financial and non-financial information regarding economic entities like enterprises and corporations is known as accounting, also known as accountancy.
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Demand for fasteners at W.W. Grainger is 20,000 boxes per month. Holding cost at Grainger is 20 percent per year. Each order incurs a fixed cost of $400. The supplier offers an all unit discount pricing scheme with a price of $5 per box for orders under 30,000 and a price of $4.90 for all orders of 30,000 or more. How many boxes should Grainger order per replenishment
Answers
Solution :
Given :
The annual demand, D = \($200000 \times 12$\)
= 240,000
The ordering cost, S = $ 400
Holding cost, H = 20 percent per year
The EOQ for each year,
\($EOQ=\sqrt{\frac{2DS}{H}}$\)
Under 30000, the cost = 5, Holding cost = 5 x 0.2 = 0
\($EOQ=\sqrt{\frac{2\times 240000 \times 400}{1}}$\)
= 13856.41
= 13856 (approx.)
It is feasible as it is not with in range of 30000 or more.
So calculating total cost at order quantity, Q = 13856 and 30000
Therefore total cost = purchase cost + annual ordering cost + annual holding cost.
\($=(CD)+\frac{Q}{2}H+\frac{D}{Q}S$\)
Q = 13856
Total cost = \($(5\times 240000)+(\frac{240000}{13856})\times 400+(\frac{12856}{2})\times 1$\)
= 1213856
Q = 30000
Total cost = \($(4.9\times 240000)+(\frac{240000}{30000})\times 400+(\frac{30000}{2})\times 0.98= 1193900$\)
Total cost is less than Q = 30000
Order quantity = 30000 boxes
as the tax assessor for Indian creek county, you have been informed that due to budgetary demands, a tax increase will be necessary next year. The total market value of the property in the county is $800,000,000. currently, the assessment rate is 35% and the tax rate is 40 mils. The county commission increases the assessment rate to 45% and the tax rate to 45 mils
Answers
Answer:
this didnt make sense but ok
Explanation:
Courts can enforce...
A. Defense
B. LLC
C. Contracts
D. Partnership
Answers
In order to take advantage of the power of compound interest, what should you do with the interest an investment produces? (Select the best answer.) In order to take advantage of the power of compound interest, what should you do with the interest an investment produces? (Select the best answer.) Spend it.Put it in a savings account.Withdraw it.Reinvest it
Answers
In order to take advantage of the power of compound interest, the interest an investment produces you should Reinvest it. Option B
What is the investment?Generally, To reinvest one's money is to place it once again in a financial vehicle that will generate interest.
To put it another way, compound interest is just interest on top of interest. When compared to the pace at which the sum would grow via simple interest, this method results in a far more rapid rise.
An asset or object that is purchased with the intention of earning income or appreciating in value is known as an investment. The term "appreciation" refers to the process through which the worth of an item rises over the course of time.
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During the assessment phase of networking, it’s best to be specific about your business _______.
Doing some research on the key players will help you make the most of business _______ or _______.
Chatting with other people at parties or meetings is a great way to make _______.
When out networking people in _______ naturally gravitate to others.
Based on what you've read, respond to the following.
List two of the qualities that help form a strong foundation for business relationships.
What are two important stages in making business connections?
Answers
1. During the assessment phase of networking, it is best to be specific about your business objectives.
2. Doing some research on the key players will help you make the most of business contacts or opportunities.
3. Chatting with other people at parties or meetings is a great way to make connections.
4. When out networking, people naturally gravitate to others.
Business relationships are an essential aspect of all types of business enterprises, whether large or small. Developing good relationships is vital to the success of any business. Two qualities that help form a strong foundation for business relationships are trust and reliability. These two qualities help establish a sense of honesty, transparency, and consistency in business practices.
Trust and reliability are vital components of business relationships because it creates a safe and comfortable environment for business partners to communicate freely, share ideas, and brainstorm on how to grow the business together. In addition, it provides an avenue for open discussions and sharing of constructive feedback that will help businesses identify areas of improvement.
The two most important stages in making business connections are networking and relationship building. Networking is a critical stage in business development because it enables businesses to build a vast array of contacts that they can leverage to grow their business. Relationship building, on the other hand, focuses on building trust and nurturing relationships with clients, partners, and other stakeholders.
This stage requires a long-term commitment and entails consistent communication and transparency to establish a sense of mutual trust and respect. To conclude, strong business relationships are essential to the success of any business. Building such relationships takes time and effort. Trust and reliability are crucial elements that can help establish a strong foundation for business relationships. Networking and relationship building are two vital stages in making business connections, and they require commitment, time, and effort.
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A few years ago the British government was considering retiring, or buying back from investors, some outstanding consols that had annual coupons of . A consol is:______
a. a coupon bond that pays a variable coupon rate and does not mature.
b. a coupon bond that pays a fixed coupon rate and has a fixed maturity date.
c. a coupon bond that pays a variable coupon and has a fixed maturity date.
d. a coupon bond that pays a fixed coupon rate and does not mature.
If the yield to maturity on other long-term British government bonds was 2.0%, the price the British government is likely to offer investors is £ _________
Answers
Answer: d. coupon bond that pays a fixed coupon rate and does not mature.
$3250
Explanation:
A consol is a coupon bond that pays a fixed coupon rate and does not mature. Consols are consolidated annuities that are perpetual. A steady amount of interest is paid for a consol even though they're not redeemable
Price of a consol will be gotten as fixed coupon amount divided by the rate of return. Let's assume that the fixed coupon amount is $65, then the price will be:
= 65/2%
= $3250
suppose that a worker in country a can make either 10 iphones or 5 ipads each year. country a has 100 workers. suppose a worker in country b can make either 2 iphones or 10 ipads each year. country b has 200 workers. which of the following is true?
Answers
Country A can make a total of 1000 iPhones and 500 iPads each year, while Country B can make 400 iPhones and 2000 iPads each year. The answer is true.
Country A has 100 workers, each of whom can make 10 iPhones and 5 iPads each year. This means that the total production of iPhones in Country A is 100 x 10 = 1000 iPhones each year, and the total production of iPads in Country A is 100 x 5 = 500 iPads each year.
Country B has 200 workers, each of whom can make 2 iPhones and 10 iPads each year. This means that the total production of iPhones in Country B is 200 x 2 = 400 iPhones each year, and the total production of iPads in Country B is 200 x 10 = 2000 iPads each year.
Hence the true statement is "Country A can produce 500 iPhones and 500 iPads each year, while Country B can produce 400 iPhones and 2000 iPads each year."
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The question is incomplete, the complete question is:
suppose that a worker in country a can make either 10 i phones or 5 i pads each year. country a has 100 workers. suppose a worker in country b can make either 2 i phones or 10 i pads each year. country b has 200 workers. which of the following is true?
A) (500 iPhones, 100 iPads).
B) (500 iPhones, 150 iPads).
C) (500 iPhones, 200 iPads)
D) (500 iPhones,250 iPads)
00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
Answers
The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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Explain one disadvantage to a business of being a sole trader.
Answers
Answer:
Disadvantages of sole trading include that: you have unlimited liability for debts as there's no legal distinction between private and business assets. your capacity to raise capital is limited. all the responsibility for making day-to-day business decisions is yours.
Explanation:
Other disadvantages of sole proprietorships include a lack of tax flexibility, the increased difficulty of raising money and the potential for weak management if the sole owner doesn't have all the skills or knowledge necessary to lead the company well.
According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
Answers
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
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Simon is a manager in a manufacturing unit. He grades the inventory according to the products’ level of importance while storing them. Which technique of controlling inventory costs does Simon follow?
A : just in time
B: maintaining safety stock
C: ABC classification
D: following economic order quantity
Answers
Answer:
C: ABC classification
Explanation:
i took the test on edmentum / plato
The Consumer Product Safety Commission (CPSC) does not
O have seven commissioners
O appoint its commissioners for seven-year terms
O ensure that products have adequate warnings and instructions
O represent an independent regulatory commission
Answers
No independent regulatory body is represented by the Consumer Product Safety Commission (CPSC).
What is the product?The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.
A safe product is one that, while taking into account the regular or reasonably anticipated usage of the product and the requirement to maintain a high degree of protection for consumers, offers either no risk or a minimum tolerable level of risk.
The Consumer Product Safety Commission (CPSC) protects the public from unreasonable risks of serious injury or death from thousands of types of consumer products under its jurisdiction, including products that pose a fire, electrical, chemical, or mechanical hazard or can injure .
Therefore, Thus option (D) is correct.
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A department is looking for an entry-level cashier. One of the job applicants is a cashier with 30 years of experience as a cashier. The department manager feels that this candidate is overqualified for the job and is likely to be bored and leave the job in a short time. Instead, they want to pursue a candidate with 6 months of work experience who seems like a better fit for the position.
Answers
The reason why the manager wants the person with 6 months of experience is the fact that a person with 30 years of experience is overqualified for an entry level position.
What is an entry level position?
An entry level position is a job that is designated for the people that have just left school.
The kind of people that are fitted for such positions are those that have just graduated from the university.
The person with 30 years of experience does not fit into this category.
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The __________ strategy involves deciding what goods and services the firm should offer to a group of consumers and also making decisions about customer service, brand name, packaging, labeling, product life cycles and new product development.
Answers
Answer:
a. trate
Explanation:
some trate is so much good then trote so yeah
goods worth Rs. 75,000 cash : Purchased : Purchased goods worth Rs. 1,00,000 from Shyam on credit. : Purchased furniture worth Rs. 25,000, paid through cheque :Sold goods worth Rs. 40,000 cash
Answers
In economics, goods are things that fulfill human needs and offer usefulness, such as to a customer buying a fulfilling product. It is usual practice to distinguish between transferable commodities and non-transferable services
Goods are any products, raw resources, or consumables that are sold to customers, businesses, or governmental organizations.
Services are tasks carried out for the benefit of the recipients, whereas goods are physical commodities offered to clients. Automobiles, home products, and apparel are a few examples of goods.
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Mountain Lake Corporation's accounting records show the following at year-end December 31, 2014:
Purchase Discounts $7,230 Beginning Inventory $32,660
Freight-In 8,730 Ending Inventory 29,170
Freight-Out 12,260 Purchase Returns and Allowances 4,190
Purchases 164,250
Assuming that Mountain Lake Corporation uses the periodic system, compute the cost of goods purchased and cost of goods sold.
1. Cost of goods purchased$=?
2. Cost of goods sold$=?
Answers
Answer:
Cost of goods purchased= $161,560
Cost of goods sold= $165,050
Explanation:
1. Cost of goods purchased (net) = Purchases - Purchase discount - purchase returns and allowances + Freight in
= $164,250 - $7,230 - $4,190 + $8,730
=$161,560
2. Cost of goods sold = Beginning inventory + Net purchase - Ending inventory
= $32,660 + $161,560 - $29,170
= $165,050
summarize the closing process by listing the closing entries in the order in which they would occur at the end of the accounting period. step 1: close income statement (credit/debit) balance accounts.step 2: close income statement (credit/debit) balance accounts. step 3: close (income summary/dividends) . step 4: close (income summary/dividends)
Answers
Answer: Credit, Debit, income summery, Dividends
If you are using the crowdfunding method to raise money for a new product or venture, who are
you are usually targeting? Select TWO options.
Answers
Answer:
Options for target audience when using crowdfunding to raise money for a new product or venture are General public and Segmented audiences.
Explanation:
General public: Crowdfunding platforms are open to anyone with internet connections, so entrepreneurs can target audiences at a large scale to convince them to invest in their product or venture. This includes friends, family, colleagues, and strangers willing to invest in the new product or venture.
Segmented audiences: Crowdfunding also targets specific segmented communities that share an interest in new products or ventures. This includes social media and online groups that align with the product or venture's target audience.
Provide FOUR functions of the AGM.
Answers
Answer:
The declaration of dividend among shareholders.
Consideration of annual accounts.
Discussion of the director's report and the auditor's report.
Appointment and fixing of the remuneration of the statutory auditors.
A solid figure is shown it is a rectangle prism
Answers
Answer:
ok WHAT'S YOUR QUESTION
Explanation:
The securities markets in the U.S. are heavily regulated. The primary reasons for this are _____. (Select all that apply.)
it protects investors from all personal loss
it ensures that markets are fair
large investors demand it
risk is reduced in a heavily regulated market
Answers
Answer:
A,B and D
Explanation:
it protects investors from all personal loss, it ensures that markets are fair and risk is reduced in a heavily regulated market are the most valid reasons why the U.S. security markets would be regulated.
Excel does not allow you to copy and paste formulas with AutoFill. true or false
Answers
Answer:
True
Explanation:
In excel, after entering a formula in a cell if we drag the cursor through the horizontal cells (row) or the vertical cells (columns), the formula is copied itself with the help of fill handle
Hence, the given statement is true
what are the rules of a male and a female at home?
Answers
Answer:
male is the protector female is a light for their house male is the foundation of there house they provide everything thats a male work female helping dou house hold things comport there husband understand.
1. mouldboard
2. sickle
a metal plow that could be used to
dig deep ridges in an agricultural field
a long, curved blade used in
agriculture
a device used in harvesting that
separates the husk from the grain
3. thresher
Answers
2.A metal plow that could be used to dig deep ridges in an agricultural field
3. Thresher: a device used in harvesting that separates the husk from the grain
Scheduling personnel is an example of an operations management:
A. mission implementation
B. operational decision
C. organizational strategy
D. functional strategy
E. tactical decision
Answers
Answer:
B. operational decision
Explanation:
Scheduling personnel is an example of an operations management: operational decision
Scheduling personnel represents an example of an operations management of an operational decision.
The following information should be considered:
The staff-level decisions should be made from the lower level to the hierarchy level.Many decisions should be taken at many hierarchy levels.In this, the authority is present for taking the decisions.The lower level should take the decisions with respect to the employees.Therefore the other options are incorrect.
Hence we can conclude that scheduling personnel represents an example of an operations management of an operational decision.
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"The stock market may not be the best place to put your money in the short run, but it is a pretty good place to put your money in the long run." What does this statement mean?
Answers
This statement means that one must invest for a long period of time in the stock market. Stocks provide investors with the greatest potential for long-term gain (capital appreciation). Investors who are willing to own equities for a lengthy period of time, say 15 years, have generally been rewarded with significant, positive returns.
The phrase stock market refers to a number of exchanges where shares of publicly traded corporations can be bought and sold. Such financial activities are carried out through regulated exchanges and over-the-counter (OTC) marketplaces that follow a set of rules.
Stock markets are essential components of a free-market economy because they provide democratized access to investor trading and capital exchange. Stock exchanges promote effective price discovery and trading.
Therefore, stock market is good place if we make a investment for a long period of time.
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Chuck Ponzi has talked an elderly woman into loaning him $50,000 for a new business
venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract on
repayment of the $50,000 with an annual interest rate of 9% over the next 5 years. Ponzi may choose to pay off the
loan early if interest rates change during the next 5 years. Determine the ending balance of the loan each year under
the three different payment plans:
a. the discount loan
b. the interest-only loan
c. the fully amortized loan.
a. If Chuck chooses the discount loan, what is the ending balance of the discount loan in year 1?
$(Round to the nearest cent.)
Answers
Which of the following factor is a cause for team failure?
High employee morale
Conflicting personalities
Trust among team members
Willingness to change
Answers
Answer:
Conflicting personalities
Answer:
conflicting personality
Question 4 (4 points)
Match each Type of Sales Channel to its corresponding description.
>
Selling products in bulk
to various outlets or
retailers for onward
sale.
When a brand or
manufacturer sells
direct to consumers
and the end users of
their products, as
opposed to selling to
them solely through
retailers.
Selling products directly
to end customers for a
profit, either in-store,
online, mail-order, or
by phone.
Businesses that sell to
other businesses who
are the intended end
user of the product.
1. Retail.
2. Wholesale
3. Direct to Consumer
4. B2B
Answers
Based on business and trading methods, the type of sales channel, that matches the description can be any of the following Retail, Wholesale, Direct Consumer, or B2B.
What are Sales Channels?The Sales Channel is a term that is used to describe the ways or methods in which producers sell their products. This method can either be through direct or indirect routes.
Considering the available descriptions we have the following sales channel matching them.Wholesale: Selling products in bulk to various outlets or retailers for onward sale.Direct to Consumer: When a brand or manufacturer sells direct to consumers and the end users of their products, as opposed to selling to them solely through retailers.Retail: Selling products directly to end customers for a profit, either in-store, online, by mail-order, or by phone.B2B: Businesses that sell to other businesses who are the intended end user of the product.Hence, in this case, it is concluded that each of the types of sales channels has its peculiarities that producers may choose to utilize.
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