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3 years ago

15

An establishment owned by two or more persons in which only one person has unlimited personal liability for the business describ

es what kind of partnership

1 answer:

chubhunter [2.5K]3 years ago

4 0

Limited partnerships

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A company received $11,000 cash in exchange for 200 shares of the company’s common stock. What would the effect of this transact

MAVERICK [17]

Answer:

B. $11,000 increase in Assets; No effect on Liabilities; $11,000 increase in Stockholders’ Equity

Explanation:

As the company received cash in exchange for the common stock. So, it affect the accounting equation which is shown below:

Total Assets = Total liabilities + Total stockholder equity

The journal entry is shown below for better understanding:

Cash A/c Dr XXXXX

To Common stock XXXXX

To Additional Paid-in capital - in excess of par XXXXX

(Being cash is received)

So, it would not impact the total liabilities

7 0

2 years ago

Determine the market potential for a backpack that has 200,000 prospective buyers who purchase an average of 2 backpack per year

LekaFEV [45]

Answer:

i.The total number of a company sell if it desires a 10% share of this market? is 40,000 units

ii. The % of the market supplies that should capture to break even is 5%

Explanation:

To calculate break even point in unit, use the formula;

Fixed Cost / Contribution Margin.

In this question, Fixed cost is the factory lease cost of one year for $400,000

Contribution margin is the difference betwen Selling Price and Variable Cost.

This will be $50-$30=$20

Therefore, Break even point in unit = $400,000 divided by $20

this will give 20,000 units.

20,000 units is 5% of the market size of (200,000X2) 400,000 units.

I.e. (20,000/400,000)X100=5%

8 0

3 years ago

If an economy is producing at a point on its production possibilities frontier, it is: a.efficient in production and allocation.

irinina [24]

Answer:

d.efficient in production but not necessarily in allocation.

Explanation:

The production possibility curve portrays the cost of society's choice between two different goods. An economy that operates at the frontier has the highest standard of living it can achieve, as it is producing as much as it can using the same resources. If the amount produced is inside the curve, then all of the resources are not being used.

- all points on the curve are points of maximum productive efficiency

- However, an economy may achieve productive efficiency without necessarily being allocatively efficient. Market failure (such as imperfect competition or externalities) and some institutions of social decision-making (such as government and tradition) may lead to the wrong combination of goods being produced (hence the wrong mix of resources being allocated between producing the two goods) compared to what consumers would prefer, given what is feasible on the PPF.

8 0

2 years ago

The typical goal used when developing a process-oriented layout strategy is to: minimize the distance between adjacent departmen

Georgia [21]

Answer:

minimize the material handling costs.

Explanation:

A process-oriented layout is a strategic method or technique used by manufacturing companies to organize and develop their work areas (factories) based on the processes and activities being performed at each factory rather than on the product being manufactured.

Hence, the typical goal used when developing a process-oriented layout strategy is to minimize the material handling costs for each factory.

Process costing can be defined as a cost accounting method used for assigning manufacturing or production costs to the units of goods produced by a business firm over a specific period of time. It is mostly used by firms that produce a large quantity of homogeneous or similar products on a continuous basis. Process costing typically uses more than one Work in Process Inventory account because costing at each stage of production or manufacturing process.

6 0

2 years ago

What is say's law in economics

Radda [10]

Answer:

Say's law in economics is the ability to purchase something depends on the ability to produce and thereby generate income.

6 0

3 years ago