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Paraphin [41]
3 years ago
6

Which of the following statements is correct with respect to a limited partnership?

Business
1 answer:
Viefleur [7K]3 years ago
5 0

Answer: option D

Explanation: A Limited liability partnership is an ownership style which exhibits characteristics of both partnership and corporations. This was implemented for the benefit of business entities and for the ease of owners.

a. In a limited liability a limited partner will never be personally liable for the debts.

b. A general partner can be a limited partner  as long as there are two legal partners.

c. A general partner cannot be a secured creditor as he will always have unlimited liability.

d. A Limited liability partnership is the form of partnership in which some or all of the partners have limited liability.

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. Costs that the manager has the power to determine or at least strongly influence are called: Question 5 options: A. Uncontroll
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Answer:

B. Controllable costs

Explanation:

There are some costs that are expended by a company during the cost of carrying out their business operations. These costs such as labor costs and marketing budgets are incurred because the company has full authority over them. They are costs that can be altered in short term based on a business decision.

In other words, controllable costs are those costs or expenses that can be influenced by those who are saddled with the responsibilities of incurring them.

5 0
3 years ago
Suppose the price elasticity of demand for oranges is 0.8. if a fall frost destroys one-third of the nation's orange crop, how w
Tresset [83]
<span>Total revenue from oranges will fall. Notice that the question assumes everything else unchanged. This means that even though the quantity has been reduced by the frost, the price is unchanged. Thus all producers are selling fewer oranges at the same price. It logically follows that total revenue will fall.</span>
3 0
3 years ago
Sunland Company collected $22400 in May of 2016 for 4 months of service which would take place from October of 2016 through Febr
kati45 [8]

Answer:

There is something wrong with this question because October to February is not four months, it's five months.

We can calculate this assuming 3 months of 2016 (October, November, December) and 2 months of 2016 (November and December).

  • 3 months of 2016 = ($22,400 / 4 months) x 3 months = $16,800
  • 2 months of 2016 = ($22,400 / 4 months) x 2 months = $11,200

No option is correct.

6 0
3 years ago
The U.S. Census Bureau statistics showed that more than 1.3 million people in Illinois-about 11% of the population-are without m
Vlad [161]
What<span>approximately would be the total population of Illinois?
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-12 million
7 0
3 years ago
A woman is planning to retire in 30 years. She wishes to deposit a regular amount every three months until she retires, so that
IRINA_888 [86]

Answer:

The quarterly deposit required is $980.69

Explanation:

Giving the following information:

I will assume that the retirement age is 65 years.

First, we need to calculate the future value required one year after retirement.

FV= 40,000*20= $800,000

Number of years= 66 - 30= 36 years*4= 144

Interest rate= 0.08/4= 0.02

Now, to calculate the quarterly deposit required, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (800,000*0.02) / [(1.02^144)-1]

A= $980.69

7 0
4 years ago
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