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
Juliette [100K]
3 years ago
10

Sally and Alicia currently are general partners in a business located in Atlanta, Georgia. They are content with their current t

ax situation but are both very uncomfortable with the unlimited liability to which they are each subjected. Which form of business entity should they consider to replace their general partnership assuming they wish to remain the only two owners of their business
Business
1 answer:
Sonbull [250]3 years ago
7 0
Limited liability company is a distinct legal entity where members can held personally liable for the debts and liabilities for the company. Limited liability partnership combines characteristics of a partnership or corporation or sole proprietorship.

As in the given case, both sally and alice are uncomfortable with current tax situation as both are suffering with unlimited liability. it is better for them to opt limited liability partnership where in which persons are not held personally liable.
You might be interested in
Which of the following is an exanple of a function skill​
Bad White [126]

Answer:

Walking

Explanation:

3 0
2 years ago
Read 2 more answers
His income increased dramatically;from$5000 a year to $60,000 a year. Jim decides that instead of using the bus, he would buy a
svet-max [94.6K]

Answer:

This implies that bus is an inferior good and car is a normal good.

Explanation:

Initially, Jim's income was $5000 a year.

As his income increases to $60,000 a year, he decides to buy a car instead of using the bus.  

In other words, with the increase in income, the demand for traveling by bus is declining.  

This implies that it is an inferior good.  

The demand for the car is increasing with an increase in income.  

So, the car is a normal good.  

An inferior good can be defined as a product that shows negative elasticity. This means with an increase in income its demand declines an vice versa.

A normal good can be defined as a product that shows positive income elasticity. That is, its demand increases with rise in income and vice versa.

4 0
3 years ago
Problem location and definition is the first step toward finding a solution to a marketing problem or launching a research study
Lina20 [59]
Problem location and definition is the first step toward finding a solution to a marketing problem or launching a research study. The sign of a problem is usually a departure from some normal functions, for instance, failure to attain objectives.
5 0
3 years ago
Suppose the wholesale market for corn is a perfectly competitive market, and all firms in the corn industry are profit-maximizin
Ainat [17]

Answer:

Therefore option A is correct.

All firms selling corn must have the same MC regardless of each firms cost structure

Explanation:

In the perfectly competitive market, for profit maximization we set P = MC

In the perfectly competitive market, firms are price taker so demand curve is same for every firm and price is same too, so MC must be same for every firm

Therefore option A is correct ie. all firms selling corn must have the same MC regardless of each firms cost structure.

7 0
3 years ago
A manufacturer develops bud­gets for the direct materials, direct labor, and overhead that will be required in the produc­tion p
Dominik [7]

Answer:

The correct answer is letter "D": The production budget.

Explanation:

The production budget is the expected production of a manufacturing company. It combines the projection of sales of the firm for the current period and the number of assets needed to achieve the production level necessary. It is important for a company to have a clear idea of what investment will be needed to fulfill those expectations.

5 0
3 years ago
Other questions:
  • Product costs are always expensed in the period when they are incurred. (2pts) true false
    10·1 answer
  • Weather speech is going to be delivered before one or 100 people this speaker should
    8·1 answer
  • Cutting costs is the best way to maximize profitability. <br> a. True <br> b. False
    12·1 answer
  • If insurance premiums are going to be set below the actuarially fair level for a certain group, who will likely be targeted to m
    6·1 answer
  • Tina is a real estate broker who has been asked to sell a property by a client. The property is exactly what she has wanted for
    13·1 answer
  • Which statement best explains why this passage is an effective use of rhetoric?
    10·2 answers
  • Assume that the current price of a stock is $80 and that 1 year from now the stock will be worth either $90 or $75. The exercise
    12·1 answer
  • g To say that people respond to incentives is to say that Question 6 options: changes in costs (but not changes in benefits) inf
    7·1 answer
  • How you gain information about what is happening around the property ​
    9·1 answer
  • Fiberone cereal costs about the same as apple jacks, boo berry, multigrain cheerios, cinnamon toast crunch, crispix, and corn fl
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!