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
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:

You might be interested in
Patty took a cash advance of $1,500. Her new credit card charges an Annual Percentage Rate of 21%. The transaction fee for the c
natali 33 [55]
I honestly don’t kno

4 0
3 years ago
group of winning ticket holders share equally in a ​$35 comma 000 comma 000 lottery. Before the money is​ divided, two more winn
hoa [83]

Answer:

The answer is: The original group of lottery winners was made up of 5 people.

Explanation:

The total prize amount was $35,000,000 with each original winning ticket holder earning $7,000,000.

                    $35,000,000 / 5 = $7,000,000 for each winner

When 2 more winning ticket holders show up, the total prize has to be redivided to include them.

                     $35,000,000 / 7 = $5,000,000 for each winner

6 0
3 years ago
What happens when the price of a good increases
swat32

Answer:

the value of good increases (goes up)

3 0
3 years ago
The Federal Open Market Committee (FOMC) makes decisions regarding the___________.
MrRissso [65]

Answer:

The correct answer is letter "D": buying and selling of securities (primarily Treasury bonds).

Explanation:

The Federal Open Market Committee or FOMC is a department of the Federal Reserve Board in charge of establishing monetary policy. There are different meetings within a year they held to determine to continue with the current policy or to change it. A change in monetary policy represents the purchase or sale of government securities (treasury bonds) on the open market to stimuli the economy.

3 0
3 years ago
What side of the manufacturing overhead account is actual manufacturing overhead entered on?.
Ludmilka [50]

Applied overhead goes on the credit side of the Manufacturing overhead of $120,700 was applied to production using the company's predetermined overhead rate

8 0
2 years ago
Other questions:
  • Ben Palman owns an art gallery. He accepts paintings and sculpture on consignment and then receives 20% of the price of each pie
    10·1 answer
  • Sarah transferred $450.00 from her savings account to her checking account. She’ll use the check register to record her transact
    11·2 answers
  • The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance i
    11·1 answer
  • Marsden Company has three departments occupying the following amount of floor space: Department 1 15,000 sq. ft. Department 2 10
    10·1 answer
  • Please help?!
    6·1 answer
  • Suppose a stock had an initial price of $50 per share, paid a dividend of $.80 per share during the year, and had an ending shar
    10·1 answer
  • Employees at House of Pancakes pretend that they like their boss even though most of the time they do not. These employees are e
    10·1 answer
  • Under which type of listing will an agent receive a commission only if he is the procuring cause of the sale?
    15·1 answer
  • The process of identifying individuals or companies who may need the selling firm's products or services is known as?
    8·1 answer
  • The sale or transfer of goods ordinarily held for sale in course of business is goverend by the?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!