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
galina1969 [7]
4 years ago
5

Under which one of the following business organizations do the owners have unlimited liability for all debts of the firm?

Business
1 answer:
dmitriy555 [2]4 years ago
8 0

Answer:

(A) partnership

Explanation:

In a partnership every partner  has unlimited liability for all of the debts.  There is a ver important difference with sole propietor's, any member of the partnership is responsible for debts of the business, even if the person had no responsability with the creation of the debts.

You might be interested in
Use of technology, employee retention, and HR development have been at the core of HR becoming more strategic at Xerox. Why have
OLga [1]

Answer:

Explanation:

These three areas have been key because they all complement one another in order to help the company achieve its organizational goals. Technology helps automate all of the data and processes that the company deals with on a daily basis. Employee retention focuses on keeping the employees and making sure that the best employees remain within the company, therefore making sure that the company will perform better than the competition. Lastly, HR development focuses on creating new ways of making the employees happy and making sure that all departments are as efficient as possible. All of which push a company past any barriers and towards achieving their goals.

3 0
3 years ago
On January 1, Mountbatten Corporation paid $18,000 for a year's advance rent on a building and recorded it as Rent Expense. The
chubhunter [2.5K]

Answer:

b. a credit to rent expense for $13,500

Explanation:

The computation is shown below:

Since there is an advance rent for $18,000 on Jan 1 and the adjusting entry would be made on March 31

So, the amount would be

= $18,000 - $18,000 × 3 months ÷ 12 months

= $18,000 - $4,500

= $13,500

This amount i.e $13,500 would be credited to rent expense

Hence, the second option is correct

5 0
3 years ago
How many schools in plano
Sindrei [870]

Answer:

There are 67 schools,44 elementary schools, 13 middles schools, 6 high schools, 3 senior high schools, and 1 alternative STEM-based high school, Plano ISD Academy High School. Out of the 67 schools, 56 are located within the city of Plano.

Explanation:

I hope this helps! :)

7 0
3 years ago
A T-bill has a discount Ask quote of 4.80 with 150 days to maturity and sells for $9800. The bill has a face value of $10,000. W
likoan [24]

Answer: 4.97%

Explanation:

Yield = (Face value / Purchase price - 1) * 365 days / Days to maturity

= (10,000 / 9,800  - 1) * 365 / 150

= 0.0204081632653 * 365/150

= 4.97%

6 0
3 years ago
On July 1 the Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning $24,000 to Acme Realty for 6 months rent
pochemuha

Answer:

C) debit Rent Expense, $4,000; credit Prepaid Rent, $4,000.

Explanation:

July 1, prepaid rent fro 6 months

Dr Prepaid rent 24,000

    Cr Cash

July 31, adjusting entry to record rent expense

Dr Rent expense 4,000

    Cr Prepaid rent 4,000

total prepaid rent = 24,000 for six months

after one month, 24,000 / 6 = 4,000 must be recorded as rent expense and prepaid rent must be credited.

3 0
3 years ago
Other questions:
  • A retail store advertises an SLR digital camera for $350.
    12·1 answer
  • Coca-Cola, Inc. and PepsiCo, Inc. have only one distributor each in the Phoenix area. The Phoenix market is an intensely competi
    11·1 answer
  • Felicia, an elderly woman, does not speak or read english well. felicia is a recent immigrant to this country. a dishonest immig
    8·1 answer
  • Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,000 in investment expenses. T
    15·1 answer
  • Suppose Joe is maximizing total utility within his budget constraint. If the price of the last pair of jeans purchased is $25 an
    7·1 answer
  • egas Company has the following unit costs: Variable manufacturing overhead $25 Direct materials 20 Direct labor 19 Fixed manufac
    13·1 answer
  • Behaving in an acceptable manner within a workplace environment is refered to as workplace etiquette.
    14·2 answers
  • What is the meaning of statistics??​
    7·2 answers
  • The neighbors in South Mountain Village got tired of all the drug dealing and criminal activity surrounding a shop, the Mystery
    15·1 answer
  • the southern division of knucklehead company has a return on investment of 15% and an investment turnover of 1.2 what is the pro
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!