Answer:
Alternative D
Explanation:
Because proprietorships are usually huge organizations that in a quantitive way is a few
Answer:
On average the firm issued shares at $15 dollars each
Explanation:
the treasury stock are purchased at the market price which is not the same as the issuance price thus, we ignore it.
the company issued 33,600 shares with par value of $10
from which it has $168,000 additional paid-in
In total: 33,600 x $10 = 336,000
<u> + 168,000 </u>
Total paid-in 504,000
504,000 / 33,600 = <em>$15</em>
Answer:
Summemour and Hatcher WERE JOINTLY and SEVERALLY LIABLE
Explanation:
What is Partnership
Partnership is a form of business, where individuals come together to carry on business with the primary intention of making profit. Mostly, they come together by contributing capital and expertise to make the business work . Every partner is however liable and responsible for both the profit made and the losses or liabilities of the partnership.
Although the general partner has unlimited liability, every partner is however jointly and severely liable for the business
Were Summemour and Hatcher Liable?
This case is referred in the J.T. Turner Construction Company v. Summerour and Hatcher(2009). The court this case declared that both Hatcher and Summemour were jointly and severally liable as a result of the following reasons.
A partner becomes liable especially for a prior judgment based on the following
1. The partnership has proven indebtedness
2. A general partner in the partnership was sued to court
Based on these, Summemour and Hatcher WERE JOINTLY and SEVERALLY LIABLE
Answer:
The answer is: A) If taxes are lowered, government revenues actually increase.
Explanation:
For example, when consumers have to pay less money in taxes, it means they will have more money to spend. Private consumption is the most important component of the GDP. When money starts to flow, a virtuous circle of growth starts a chain of events that reinforces economic growth through a feedback loop. When the economic growth rate increases, government revenue will also increase. The virtuous circle of growth is the most important pillar of the Keynesian economic theory.
The same applies to businesses, when they pay less taxes, they can invest more in new businesses which in turn increase economic growth, which results in higher revenue for the government.
Of course this theory applies to certain small tax reductions, and under certain specific circumstances.
