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Sedaia [141]
3 years ago
6

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?
Question 8 options:



Sole proprietorship



General partnership



Limited liability company



Corporation
Business
2 answers:
pshichka [43]3 years ago
5 0

In this instance, Xavier and Shawn are general partners. In this arrangement, all partners are equally responsible for the business, meaning they are both liable for any financial loss. LLC would protect their personal assets from this type of claim. Obviously, this isn't a sole proprietorship because there is more than one owner.

JulsSmile [24]3 years ago
4 0

Answer: General partnership

Explanation:

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An apple ipad sells for $699.00 on ebay. the markup is 30% on cost. what is the total cost of the ipad sold on ebay?
NNADVOKAT [17]
The total cost of the ipad sold on ebay is $908.70
6 0
4 years ago
What form of training and development evaluation is a good way to obtain feedback quickly and inexpensively?
grandymaker [24]

Answer:

a. reaction

Explanation:

<u>Participant reactions</u> are the most basic way to see how they assessed the  training and development evaluation made by the HR department. Although the behavioral change would fully reflect how the development and training actually went, it takes time to see when and how employees will implement the learnt skill or knowledge in work.

Therefore, the easiest and least expensive way to measure satisfaction and get timely feedback is to follow the reactions of the participants.

6 0
3 years ago
Wonder Coffee is a chain of coffee serving outlets and specializes in selling different flavors of coffee. The increase in the p
artcher [175]

Answer:

c. Inelastic demand

Explanation:

Inelastic demand means that the quantity ordered on a product is not affected by changes in price. The demand is relatively constant regardless of a change in price.

Coffee and sugar are complementary goods. Usually, price fluctuation in one of them should affect the demand of the other. In this case, changes in sugar prices have not affected the demand for coffee. If price changes do not affect demand, then the product has inelastic demand.

7 0
3 years ago
Cost of Quality Report A quality control activity analysis indicated the following four activity costs of a hotel: Inspecting cl
irina [24]

Answer: Check attachment

Explanation:

Quality cost:

Prevention $265000

Appraisal $175000

Internal failure $20000

External failure $40000

Total $500000

Percent of total quality was calculated as:

Quality cost classification/Total

e.g. Prevention = 265000/500000 × 100 = 53.00%

Check attachment for further information.

5 0
3 years ago
Atlas Hardware buys power tools with a list price of $25,500. If the supplier offers trade discounts of 10/20/5, find the trade
ladessa [460]

Answer:

$8058

Explanation:

10/20/5 stands for a series of discount rates applicable on the list price. It means on total amount, 10% discount is allowed, then post deduction of this 10%, a further 20% on the balance is allowed and then a further 5% is allowed on the balance.

In the given case, single equivalent discount would be calculated as follows,

$25,500 × 10% = $2550

Then, ($25,500 - 2550) × 20%= $4590

Then, ($25,500 - 2550 - 4590) × 5% = $918

Single equivalent discount amount = $2550 + 4590 + 918 = $8058

4 0
4 years ago
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