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3 years ago

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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Helen, who is single, is considering purchasing a residence that will provide an $18,000 tax deduction for property taxes and mo

GenaCL600 [577]

Answer:

amount of tax saving is $4320

Explanation:

given data

tax deduction = $18000

marginal tax rate = 24%

effective tax rate = 20%

to find out

amount of tax saving

solution

we know tax saving formula that is

tax saving = tax deduction × marginal tax ........................1

so now put here all value in equation 1

tax saving = tax deduction × marginal tax

tax saving = 18000 × 24%

tax saving = 18000 × 0.24

tax saving = 4320

so amount of tax saving is $4320

4 0

2 years ago

Christian spends a significant amount of his time at work performing tasks such as distributing work among his subordinates and

Margaret [11]

Answer:

Distributing work among his subordinates and arranging their shifts and tasks to be performed is related most closely to controlling and analyzing performance against goals managerial function.

Explanation:

A manager is who is in charge of departments in companies, guiding the people, making decisions planning for better.

The are four functions of management in industries include distributing work among subordinates and arranging their shifts and tasks to be performed, controlling a workflow, analyzing performance against goals and leading to internal goals achievement.

6 0

3 years ago

Customers can build their own computers with Dell's online configurator. They simply have to answer a few questions and choose f

Nitella [24]

Answer: Choiceboard

Explanation: A choiceboard may be explained as an online tool usually developed by product makers or manufacturers which affords consumers to make bespoke or custom products by allowing them the flexibility of making personal choices about the type, attribute and specifications they would want their personal product to posses. The choiceboard will contain a list of various options available on each of the specifications a product could have and the customer makes his or her choice allowing them to build a fully customized product.

5 0

3 years ago

On January 1, 2021, White Water issues $570,000 of 7% bonds, due in 10 years, with interest payable annually on December 31 each

monitta

Answer:

White Water

1. Schedule

Date Cash Paid Interest Expense Increase in Carrying value FV

01/01/2021 0 $570,000.00

12/31/2021 $39,900.0 $39,900.00 0 $570,000.00

12/31/2022 $39,900.0 $39,900.00 0 $570,000.00

2. January 1, 2021:

Debit Cash $570,000

Credit 7% Bonds Payable $570,000

To record the issue of bonds for cash.

December 31, 2021:

Debit Interest Expense $39,900

Credit Cash $39,900

To record the first interest payment.

December 31, 2022:

Debit Interest Expense $39,900

Credit Cash $39,900

To record the second interest payment.

Explanation:

a) Data and Calculations:

Face value of 7% bonds = $570,000

Proceeds from the bond issue = $570,000

No premiums, no discounts on bonds.

Coupon interest rate = 7%

Market interest rate = 7%

6 0

2 years ago

Wims, Inc., has current assets of $3,900, net fixed assets of $26,500, current liabilities of $3,400, and long-term debt of $7,5

STALIN [3.7K]

Answer:

equity = $19500

Explanation:

Given data:

current assets $3900

net fixed assets $26,500

current liabilities $3400

debt = $7500

Total liabilities = current liabilities + long term debt

= 3400 + 7500 = $ 10,900

Total assets = current assets + net fixed assets

= 3900 + 26,500 = $30,400

We know

total assets = total liabilities + equity

30400 = 10900+ equity

equity = $19500

8 0

3 years ago