1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MariettaO [177]
2 years ago
10

xavier and shawn are co-owners of a party-planning business. they split all of the profits 50-50 and are able to make decisions

that are binding on both parties. at one of their parties a guest is injured on a piece of equipment. the guest sues xavier and shawn, and they find they're personally liable for any damages. what kind of business structure do they have?
Business
1 answer:
Dominik [7]2 years ago
7 0

xavier and shawn are co-owners of a party-planning business. they split all of the profits 50-50 and are able to make decisions that are binding on both parties. General partnership

<h3>What is partnership?</h3>

A formal agreement between two or more parties to run a business, share earnings, and manage it is known as a partnership.

Partnership agreements can take many different forms. Particularly in a partnership business, all partners equally share obligations and rewards, although in other businesses, partners may have limited accountability. The so-called "silent partner" is another option, in which one party does not participate in the day-to-day management of the company.

A partnership is a contract between two or more people to manage a business's operations and split the company's assets and liabilities.

All partners in a general partnership are equally responsible for the business's assets and liabilities.

To learn more about partnership from the given link:

brainly.com/question/25623677

#SPJ4

You might be interested in
The market supply of cigarettes is shown in the table below.
mr_godi [17]

The answer & explanation for this question is given in the attachment below.

4 0
3 years ago
REV Co. is reviewing the accounting and disclosure requirements for its significant guarantees, commitments, and contingencies,
victus00 [196]

Answer:

REV Co. has made disclosure in notes to the financial statement section. The disclosures include the details about related party transaction which was carried out by the brother of Chief Operating Officer. It is ensured that the transaction was completed on arm's length.

Explanation:

Disclosures are mandatory for any company which is listed. The companies provide details of specific transactions in Notes to the Financial statements. These additional information provides details of transaction to the shareholders and removes any ambiguity in the transaction. The purpose of disclosures is to ensure the shareholders that the company has not incurred any fraudulent activity in certain transactions and all transactions are fair and complies with International Accounting Standards.

5 0
2 years ago
Money managers:
yawa3891 [41]
The answer is D) are on the "but side" of Wall Street.
Just read the text. I'm 100% sure. Text below.

7 0
3 years ago
Read 2 more answers
Jane Westerlund owns a picture-framing store, The Caplow Co. The average price she receives for a framed picture is $120. This p
Olegator [25]

Answer:

this would cause total costs to Increase and the break-even quantity to Increase.

Explanation:

Total Cost is the Sum of All Manufacturing and Non-Manufacturing  Cost of a product.

Advertising expense before adjustments are at $500. The cost of advertising does not vary with the sales quantities therefore this is a fixed cost.

Therefore an Increase in the advertising expense causes an increase in Total cost figure.

Break even quantity is a function of Fixed Costs divided by Contribution per unit.The break even quantity will definitely change. By increasing the fixed costs (<em>Advertising Expense</em>), the Break even quantity will increase.

5 0
2 years ago
Read 2 more answers
Consider the three mutually exclusive alternatives below. Determine which alternative is preferable at an interest rate of 9% pe
laila [671]

Answer:

a. AW, A($) = 79646

b. AW, B ($) =  29,367

c. AW, C ($) = 80738

Explanation:

Solution:

First of let's sort out the data given for all three alternatives:

Alternative A:

Capital Investment = $400,000

Annual Expense = $189,000

Annual Revenue = $309,000

Salvage Value = $65,000

Life = 24 Years

Alternative B:

Capital Investment = $230,000

Annual Expense = $122,500

Annual Revenue = $222,500

Salvage Value = $180,000

Life = 5 Years

Alternative C:

Capital Investment = $150,000

Annual Expense = $134,000

Annual Revenue = $234,000

Salvage Value = $130,000

Life = 12 Years

a.

AW, A($) = - 400,000 x A/P(9%, 24) + (309,000 - 189,000) + 65,000 x P/F(9%, 24) x A/P(9%, 24)

AW, A($) = - 400,000 x 0.103 + 120,000 + 65,000 x 0.1264 x 0.103

AW, A($) = - 41,200 + 120,000 + 846.25

AW, A($) = 79646

b.

AW, B ($) = -230,000  x A/P(9%, 5) + (222,500 - 134,000)

AW, B ($) = -230,000  x 0.2571 + (222,500 - 134,000)

AW, B ($) =  29,367

c.  

AW, C ($) = - 150,000 x A/P(9%, 12) + (234,000 - 134,000) + 130,000 x P/F(9%, 12) x A/P(9%, 12)

AW, C ($) = - 150,000 x 0.1397 + 100,000 + 130,000 x 0.3555 x 0.1397

AW, C ($) = - 20,955 + 100,000 + 1,692.50

AW, C ($) = 80738

7 0
2 years ago
Other questions:
  • Suppose you have $19 to spend. pepsi costs $1 per can, and pizza costs $2 per slice. given the marginal utilities shown, what co
    5·1 answer
  • Which of the following is not one of the three advantages of dealing with a financial intermediary?
    6·2 answers
  • John gives up a shift at work so he can go to Universal with a friend. He spends $150 at Universal. He would have earned $220 du
    7·1 answer
  • What is the definition of creative command
    14·1 answer
  • Mason and Chenoa orally agree to a contract in which Mason will replace the fixtures in Chenoa’s bathroom. In exchange, Chenoa a
    9·1 answer
  • On an 8% straight term loan of $6,071, the borrower paid total interest of $1,700. how long did he have the loan?
    14·1 answer
  • How do I get more questions?
    10·2 answers
  • The following information was available for Pina Colada Corp. at December 31, 2022:
    12·1 answer
  • Charley Bates defrauded Noah Claypole by inducing him to enter into a contract to sell him his house for half its market value.
    10·1 answer
  • Why is the zero-based budget the most effective type of budget?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!