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Ymorist [56]
3 years ago
9

Which of the following statements is false?

Business
2 answers:
tangare [24]3 years ago
4 0
I believe the In a limited liability partnership, all partners are limited partners
olga_2 [115]3 years ago
3 0

Answer:

A) sole proprietorship is a type of limited partnership

Explanation:

A sole proprietorship is not a type of partnership, not a general partnership, nor a limited partnership.

Sole proprietorships are the simplest business organizations, since they are not a separate legal entity. A sole proprietorship only requires one single person that works in the business and who is completely responsible and liable for all the business profits, obligations and debts.

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Sally opened her own business and resigned from a job paying $25,000 per year. Her savings acccount pays 8% interest, but she wi
DiKsa [7]

Answer:

A) They would be indifferent, as Sally's income net of costs equals $25,000.

Explanation:

Sally's economic profit = accounting profit - opportunity costs

  • accounting profit = $12,000
  • opportunity costs = $25,000 - $15,000 in lost salaries + $2,000 (lost investment revenue) = $12,000

economic profit = $12,000 - $12,000 = $0

Since the economic profit is $0, Sally should be indifferent between running her own business or working for someone else.

7 0
2 years ago
Katie had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. She starts to s
Orlov [11]

Answer:

The c orrect answer is A.

Explanation:

Giving the following information:

Annual deposit= 1,410

Annual interest rate= 5%

Number of years= 8 years

To calculate the future value of her investment, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {1,410*[(1.05^8)-1]}/ 0.05

FV= $13,464.24

4 0
3 years ago
Which business function is concerned with delivering a product or service to customers?
Gwar [14]

Answer:

Production

Production departments or companies are the manufacturing branches of a business to produce products or delivery of services to customers

4 0
2 years ago
____________ is a condition that must be satisfied before a party’s contractual obligation to perform becomes absolute (e.g., Bo
statuscvo [17]
Consent I think is the answer
8 0
3 years ago
Assume that Guardian Company uses a periodic inventory system and has these account balances: Purchases $500,000; Purchase Retur
romanna [79]

Answer:

Net purchases:

= Purchases - Purchase Returns and Allowances - Purchase Discount

= 500,000 - 14,000 - 9,000

= $477,000

Cost of goods sold:

= Net purchase + Freight-in

= 477,000 + 15,000

= $492,000

3 0
3 years ago
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