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2 years ago

In a limited partnership, who assumes no liability for the partnership beyond the capital they have invested?

1 answer:

7 0

<u>In </u><u>a restricted partnership</u><u>, Limited partners assumes no legal responsibility for the partnership past the </u><u>capital </u><u>they have got invested.</u>

One party (the overall associate) has manipulate over the property and control responsibilities, however additionally are for my part liable.
The different party (restricted partners) are typically traders whose non-public legal responsibility is restricted to their investment.

What takes place in a restricted partnership?

Limited partners make economic contributions in change for partnership shares, however they're now no longer actively worried with inside the daily operations of the enterprise and handiest have restricted vote casting rights.
Only if it could be verified that a restricted associate took on an lively function withinside the commercial enterprise will they be held for my part liable.

Who is accountable in a restricted partnership?

In restricted partnerships (LPs), at the least one proprietor is seemed as a "general" associate who's accountable for making commercial enterprise selections and is likewise for my part chargeable for commercial enterprise debts.

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If the company is using the payback period method and it requires a payback of three years or less, which project(s) should be s

algol [13]

Answer: Project X

Explanation:

The Payback period is the amount of time it would take for the cash inflows accruing from an investment to payoff the cost of the investment.

Project X has a constant cashflow of $24,000 for 3 years and a cost of $68,000 for the Payback period is;

= 68,000/24,000

= 2.83 years

Project Y has an uneven cash flow with a cost of $60,000. Payback is calculated as;

= Year before payback + Amount left to be paid/cashflow in year of payback

Year before payback = 4,000 + 26,000 + 26,000

= $56,000

This means that the third year is the year before payback.

60,000 - 56,000 = $4,000

Payback period = 3 + 4,000/20,000

= 3.2 years

Based on a Payback period of 3 years, only Project X should be chosen as it pays back in less than 3 years.

7 0

3 years ago

With the balanced scorecard approach, the entire focus is on measuring and managing specific financial goals based on the organi

steposvetlana [31]

With the balanced scorecard approach, the entire focus is on measuring and managing specific financial goals based on the organization's strategy. is a "false" statement.

<h3>What is balanced scorecard?</h3>

The term "balanced scorecard" refers to the idea of using both conventional financial measures and strategic metrics to obtain a more "balanced" picture of success.

The balanced scorecard idea has developed beyond the straightforward application of viewpoints to become a comprehensive framework for managing strategy.

A system for strategic management and planning is the balanced scorecard (BSC). Businesses employ BSCs to:

Tell others what they want to achieve.
Align the job that everyone does on a daily basis with the plan
Make projects, commodities, and services a priority.
Track and evaluate your progress toward your strategic goals.

The ability to "connect the dots" between the various elements of strategic planning and management is one of the main advantages of using a disciplined framework.

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8 0

2 years ago

To determine a product selling price based on the total cost method, management should include?

Schach [20]

If one wants to determine the selling price of a product using the total cost method, the management should use Total product costs plus a markup.

<h3>What is the total cost method?</h3>

The actual cost of performance is generally subtracted from the bid price before profit is added to the resultant sum in the total cost approach.

A production income statement is what the total cost method is. In other words, the units of measurement generated are utilized to accrue income and expenses. The units of measure produced during the reviewed period are used to calculate income and expenses.

When employing the whole cost method, the business accounts for all expenses associated with manufacturing the questioned well. The price of the entire product is included.

The final step is to add a markup to the overall cost in order to determine a selling price that will allow for the anticipated level of profit.

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8 0

2 years ago

At January 1, 2016, Deer Corp. has beginning inventory of 2,000 surfboards. Deer estimates it will sell 10,000 units during the

BlackZzzverrR [31]

Answer:

Sales revenue= $1,881,600

Explanation:

Giving the following information:

Deer estimates it will sell 10,000 units during the first quarter of 2016 with a 12% increase in sales each quarter. Each surfboard costs $100 and is sold for $150.

Sales:

First quarter= 10,000

Second quarter= 10,000*1.12= 11,200

Third quarter= 11,200*1.12= 12,544

Sales revenue= 12,544*150= $1,881,600

7 0

4 years ago

The founder of Alchemy Products, Inc., discovered a way to turn lead into gold and patented this new technology. He then formed

Tasya [4]

Answer:

a. The book value and market value of the firm is $1,200,000 and $49,200,000 respectively

b. The price per share and the book value per share is $24.60 and $0.60 respectively

Explanation:

a. The computation of the book value and market value of the firm is shown below:

The book value = Invested amount = $1,200,000

The market value = Invested amount + sales value

= $1,200,000 + $48,000,000

= $49,200,000

b. The computation of the price per share and the book value per share is shown below:

Price per share = Market value of firm ÷ Number of shares

= $49,200,000 ÷ $2,000,000

= $24.60

Book value per share = Book value of firm ÷ Number of shares

= 1,200,000 ÷ $2,000,000

= $0.60

7 0

4 years ago