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Shkiper50 [21]
3 years ago
12

Joe is an accountant and plans to join a group of accountants. he compares a group in a general partnership with a group in a li

mited liability partnership (llp). what is one advantage of the llp that he would be particularly interested in? joe would pay fewer taxes as a limited liability partner. joe would make a higher percentage of the profits as a limited liability partner. joe's personal property would not be at risk as a limited liability partner. joe would not be liable if another partner were to make a mistake.
Business
1 answer:
Stels [109]3 years ago
8 0
What is one advantage of the llp that he would be particularly interested in? J<span>oe would not be liable if another partner were to make a mistake.

In a LLC, the owners have protection against themselves and their assets. The are unable to take away their assets or use personal debts to pay business debts. An LLC is the route many small business owners go today when forming a type of partnership. 
</span>
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Colby Company has a process costing system in which the weighted-average method is used. The company adds all materials at the b
ivanzaharov [21]

Answer:

$7,650

Explanation:

Ending work in progress = Beginning Work in progress + Units started - Units completed and transferred

= $22,000 + $90,000 - $97,000

= $15,000

Equivalent units = Units completed and transferred + Ending work in progress

= $97,000 + $15,000

= $112,000

Total cost = Material cost (Beginning) + Material cost during the month

= $11,000 + $46,100

= $57,100

Cost per equivalent unit = $57,100 ÷ $112,000

= $0.51

Materials cost of the work in process inventory at March 31 = Ending work in progress × Cost per equivalent unit

= $15,000 × $0.51

= $7,650

4 0
3 years ago
The future value of​ $100 received today and deposited in an account for four years paying semiannual interest of 6 percent is​
jonny [76]
Formula: FV = PV(1+ r)^n

Fv is the future value, Pv is the present value, r is the interest rate, n is the number of periods.

FV = $100(1 + 0.06)^(6*2) = $201.22


4 0
2 years ago
major babineaux hired green acres, a local landscape firm, to plant trees and shrubs in his front yard. the landscape is beautif
Galina-37 [17]

Major's best course of action at this time would be to contact the Better Business Bureau.

<h3>What is money-back guarantees?</h3>
  • A money-back guarantee, also known as a satisfaction guarantee, is essentially a simple guarantee that a buyer will receive a refund if he or she is dissatisfied with a product or service.
  • Money-back guarantees are not required by law in the United States. A seller, on the other hand, may advertise a money-back guarantee only if they offer a full refund of the purchaser's money and clearly state all requirements and limitations that apply.
  • Perhaps the most significant benefit of providing a money-back guarantee is that it lowers the barrier to purchase by instilling trust in the customer.
  • By putting customer satisfaction first, it can convert more sales in the long run. Costco is one company that has a successful and transparent money-back guarantee policy.

To learn more about money-back guarantees, refer to:

brainly.com/question/22596158

#SPJ4

6 0
1 year ago
Brian quit his job because he only wants to work on weekdays. Brian could be considered cyclically unemployed. frictionally unem
Elza [17]

Option B

Brian could be considered  frictionally unemployed.

<h3><u>Explanation:</u></h3>

Workers dropping their jobs or fresh workers enrolling the workforce both append to frictional unemployment. Frictional unemployment usually transpires even in a developing, solid economy. The frictional unemployment rate is determined by dealing with the workers actively seeing jobs by the total labor force.

Frictional unemployment is advantageous to an economy since it's a sign that individuals are attempting more desirable states. Frictional unemployment can be conquered by suddenly rivaling proposed job seekers with job opportunities. Frictional unemployment isn't devastating to economics.

7 0
3 years ago
Partners, LLC members and S Corporation shareholders are not taxed on the amount they withdraw from the entity in a nonliquidati
kati45 [8]

Answer:

Partners: True

LLC: True

S Corporation: False

Explanation:

When dividends are withdrawn from a business tax is only due on a S Corporation because the tax paid for the profits of an organization is not by the stockholder withdrawing the dividends which is why when dividend is withdrawn the tax is to be paid.

When dividends are withdrawn in a partnership or and LLC then no tax is payable as tax is already paid on the profits made by the business that is why dividends are not taxable when withdrawn.

7 0
3 years ago
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