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vesna_86 [32]
3 years ago
13

Maria Martinez and her sister, Christina, are planning to operate a small day care center in a remodeled building. They've obtai

ned a license, and have enough staff to handle up to 24 children. Christina doesn't plan to work at the center and hasn't incurred as many debts or responsibilities as Maria. Maria originally invested $24,000 in the business, and Christina invested $8,000. Maria wants to keep their taxes low, and she also wants to keep Christina's liability to the amount of her original investment. Which type of business arrangement would be best for them? A. Sole proprietorship B. Corporation C. General partnership D. Limited partnership
Business
1 answer:
Maurinko [17]3 years ago
7 0
The correct answer would be D. Limited Partnership
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Approximately what percent of regular army soldiers (excluding army reserves and national guard) currently serve in infantry uni
anyanavicka [17]
Base on the study of finding, the rate of the percent of regular army soldiers currently serving in the infantry units is about twenty percent. The results has showed that their are approximately twenty percent of regular army soldiers who are serving in the infantry units.
4 0
3 years ago
Dia is a computer engineer in a small company. She notices that the company does not have its own website and realizes that the
rodikova [14]

Answer:

The answer is incubation process of creativity

Explanation:

This example shows an individual in the stage of the creative process called incubation. Because it is related to her intuition  and insights about what she knows and intents to her presentation.

8 0
3 years ago
Choose the letter of the item that best completes the statement or answers the question. Last year Jackson earned $500,000, Vele
Vitek1552 [10]

1. According to their states’ tax laws, which require each one to pay a tax of $500 despite their different earnings, the best description of the tax is <u>(c) regressive</u>.

<h3>What is a regressive tax system?</h3>

A regressive tax system is one where taxpayers pay a disproportionate share of the tax burden, given their earning levels.

A regressive tax system is not proportional or progressive.

2. An example of an excise tax is (b) tax on perfume.

3. The amount Rose Chin paid for the purchase of school supplies based on the state sales tax of 5% is <u>a) $12.60</u> ($12 x 1.05).

4. An example of a property tax is a) a tax based on the value of one's home.

5. The best example of the ability-to-pay principle is <u>b) income tax</u>.

6. An example of a tax based on the benefits-received principle is (a) bridge toll.

7. In the United States, taxes are used to accomplish all of the following except (c) determine which brands consumers buy.

8. For the apartment tenants, the tax is <u>d) a sales tax</u>.

9. The ultimate tax-burden bearer in question 8 is <u>(d) the tenants</u>.

10. An example of a protective tariff is (d) tax on the importation of foreign-made cars.

Thus, while income tax is mostly progressive in the United States, sales taxes are proportional, while some taxes are regressive because the amount paid is fixed and does not depend on the ability-to-pay principle.

Learn more about tax systems at brainly.com/question/12890967

#SPJ1

5 0
2 years ago
Blossom Company received a check for $28320 on July 1 which represents a 6 month advance payment of rent on a building it rents
grandymaker [24]

Answer:

D. debit Unearned Rent Revenue, $4720; credit Rent Revenue, $4720.

Explanation:

When the Cash was received for 6 month`s Rent the entry was :

Debit : Cash  $28320

Credit : Unearned Rent Revenue $28320

At 31 July when 1 month`s rent expires the entry will be :

Debit : Unearned Rent Revenue (1/6 x $28,320) $4,720

Credit : Rent Revenue $4,720

thus

We reverse the liability - Unearned Rent Revenue and recognize Revenue for the month expired.

8 0
2 years ago
Jax Recording Studio purchased $8,200 in electronic components from Music World. Jax signed a 90-day, 10% promissory note for $8
Hunter-Best [27]

Answer:

World's journal entry to record the sales transaction is:

<em>Note Receivable ; Jax Recording Studio $8,200 (debit)</em>

<em>Sales Revenue $8,200 (credit)</em>

Explanation:

Music World is the seller and must recognize Revenue following the sale.The Revenue is initially recognized at the value of sale of $8,200. Music World must also recognize an Asset on the promissory note signed to the value of $8,200.

6 0
3 years ago
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