Answer: option D
Explanation: A Limited liability partnership is an ownership style which exhibits characteristics of both partnership and corporations. This was implemented for the benefit of business entities and for the ease of owners.
a. In a limited liability a limited partner will never be personally liable for the debts.
b. A general partner can be a limited partner as long as there are two legal partners.
c. A general partner cannot be a secured creditor as he will always have unlimited liability.
d. A Limited liability partnership is the form of partnership in which some or all of the partners have limited liability.
Answer: Legal, public relation, safety risk, financial.
Explanation:
The above are different aspects of a decision in order to maximize profit and be a good corporate citizen.
Financial decision taking with respect to capital structure.
Legal- legal rights and responsibilities.
Safety risk assessment and mitigation of safety risk.
Public relation communication that are strategic that builds mutually beneficial relationships.
Answer:
Net cashflow = Net income + Depreciation
Net cashflow = 3,100,000 + 500,000 = 3,600,000 dollars
Explanation:
Net cashflow equals net income plus depreciation.
Assuming the costs are normally distributed, then Z = (X-mu)/sigma
For piano Z= (3000-4000)/2500 = -0.4
For guitar Z= (550-500)/200 = 0.25
For drums set Z= (600-700)/100 = -1
Drums set < Piano < Guitar
Drums cost is lowest when compared to the instruments of same type
.
Guitar cost is highest when compared to the instruments of same type.
Answer and Explanation:
The preparation of the cash budget for the month of March ended is presented below:
Cash Budget
Particulars Amount ($)
Opening Cash Balance 72,000
Add: Cash Receipts from Sales 300,000
Total Cash Available 372,000
Less:
Cash Payments
Purchases 140,000
Salaries 80,000
Cash Expenses 45,000
Repayment of Bank Loan 20,000
Total Payments -285,000
Closing Cash Balance 87,000
We simply deduct the all payments from the total cash available so that the ending balance of cash could come
