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slamgirl [31]
3 years ago
10

"You get in a conversation with a man in the reception room at your doctor's office. He tells you he is establishing a barbersho

p business and has a business partner who shares in all decision making. The business has been fairly easy to set up, he has limited liability for the company and will only be taxed once on company profits. What kind of business has your new acquaintance described to you?
Business
1 answer:
aleksklad [387]3 years ago
7 0

Answer:

The answer is Limited liability partnership (LLP)

Explanation:

A LLP is a form of partnership where the majority of all partners have limited liabilities. A LLP possesses the characteristics of both a corporation and a partnership. Each partner in a LLP is not liable for negligence or misconduct of another partner. In the event of business failure, the personal properties of partners in a LLP are protected against legal action. Moreover, taxation of partners’ earnings in a LLP is done only once, that is, on the firm’s profit.  

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"Clauss Company transfers out 14,000 units and has 2,000 units of ending work in process that are 25% complete. Materials are en
diamong [38]

Answer:

a. $112,000

b.    $7,500

Explanation:

(a) transferred out

Units transferred out are 100% complete for both materials and conversion costs, thus multiply the Total Cost per Equivalent units with the number of units transferred.

Cost of units transferred out = $8 × 14,000 units

                                               = $112,000

(b) in ending work in process

Units of ending work in process are 100% complete in terms of materials ( since materials are entered at the beginning of the process) whilst 25% complete in terms on conversion cost (applied uniformly during production).

Cost of ending work in process

Materials ($3 × 2,000 units)                  = $6,000

Conversion ($3 × (2,000 units × 25%)) =  $1,500

Total Cost                                               = $7,500

6 0
3 years ago
The Electrotech Corporation manufactures two industrial-sized electrical devices: generators and alternators. Both of these prod
adoni [48]

Answer:

Given that generators generate greater profit with less consumption of hours, the maximum profit would be building 130 generators, obtaining $ 32,500 of profit, and there would be 10 hours of testing left over.

Explanation:

Since the Electrotech Corporation manufactures two industrial-sized electrical devices: generators and alternators, and both of these products require wiring and testing during the assembly process, and each generator requires 2 hours of wiring and 1 hour of testing and can be sold for a $ 250 profit, while each alternator requires 3 hours of wiring and 2 hours of testing and can be sold for a $ 150 profit, and there are 260 hours of wiring time and 140 hours of testing time available in the next production period and Electrotech wants to maximize profit, to determine this situation the following mathematical logical reasoning must be carried out:

260/2 = 130

140 - 130 = 10

130 generators = 32,500

Thus, given that generators generate greater profit with less consumption of hours, the maximum profit would be building 130 generators, obtaining $ 32,500 of profit, and there would be 10 hours of testing left over.

4 0
2 years ago
Please help ASAP and DO NOT USE LINKS IN ANSWER THEY DO NOT WORK. 25pts
natali 33 [55]

Answer:

Tell Me About Yourself.

How Did You Hear About This Position?

Why Do You Want to Work at This Company?

Why Do You Want This Job?

Why Should We Hire You?

What Can You Bring to the Company?

What Are Your Greatest Strengths?

What Do You Consider to Be Your Weaknesses?

yes

because they are getting to know you and want to know what you would do as a worker. like when they ask : Why Should We Hire You, What Are Your Greatest Strengths, What Do You Consider to Be Your Weaknesses?

Explanation:

6 0
2 years ago
Read 2 more answers
Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects cre
salantis [7]

Answer:

$49,000 is the amount of cash collection from the credit sales

Explanation:

In this question, we are asked to calculate the amount of cash collections that a company will include in its cash budget for the second month from the credit sales.

To compute this, we need to calculate the percentage of credit sales in the previous month and the amount of credit sales in the present month.

We proceed as follows;

Let’s calculate for the month of the sales; that would be; 60% of $42,000 = 60/100 * 42,000 = $25,200

In the previous month, we have 35/100 * 68,000 = $23,800

We add these values to yield ; 25,200 + 23,800 = $49,000

8 0
3 years ago
Which financial institutions would provide greater opportunities for financial growth?​
Over [174]

Answer:

ok

Explanation:

every one

it was not a hard question

hahahahahahahaha

5 0
2 years ago
Read 2 more answers
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