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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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coldgirl [10]

Answer:

D

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

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To find the IRR using a financial calculator:

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3 years ago
In what time period did hydroelectric power usage reach its peak? 1970–1980 1980–1990 1990–2000 2000–2010
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5 0
3 years ago
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A nurse encourages employees to implement a magnet recognition program in the organization. the nurses think beyond their own pe
SVETLANKA909090 [29]

Answer: representing the group

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3 0
3 years ago
Wanda has a new idea for a book, which she won't have time to start writing until next year. if she decides to discuss her idea
bagirrra123 [75]

Wanda has a new idea for a book, which she won't have time to start writing until next year. If she decides to discuss her idea with a film producer she knows, Wanda may protect it by means of <u>a Nondisclosure agreement.</u>

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8 0
1 year ago
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pishuonlain [190]

Answer: b. piercing the corporate veil.

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Sometimes however, the courts can remove this limited liability protection which would enable the assets of the shareholders to be targeted in what is known as "piercing the corporate veil".

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8 0
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