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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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Four portfolio managers have generated superior performance against each of their benchmarks and the stock market in general. Th
rusak2 [61]

Answer:

<u>d. Increases allocation to any stock that changes its corporate name</u>

<u>Explanation</u>:

This manager that does this practice is least likely to replicate performance because that is an unprofessional practice.

In most cases when there is a change in the name of a stock it indicates a red signal that the stock price is bad and thus the company may decide to change it's name, thus the future performance of the company diminishes.

5 0
3 years ago
Consider the following information about an asset that is being review for impairment: Book value $ 700,000 Estimate future cash
erastovalidia [21]

Answer:

The amount of the impairment loss for this asset is <u>$110,000</u>

Explanation:

A assets is impaired when the fair market value of that assets lowers than the book value of the asset.

To calculate the impairment of an assets following formula is used

Impairent = Book value of Asset -  fair market value of the asset

Placing values in the formula

Impairent = $700,000 -  $590,000

Impairent = <u>$110,000</u>

3 0
3 years ago
On September 11, 2016, Home Store sells a mower for $450 with a one-year warranty that covers parts. Warranty expense is estimat
xeze [42]

Answer:

Date      Accounts Titles and Explanations     Debit        Credit  

Sept, 11           Cash                                             $450  

2016         Sales                                                               $450  

                (To record the Cash Sales)

Sept, 11        Warranty Expenses                         $40.50  

2016              ($450 x 9%)

                  Estimated Warranty Payable                   $40.50  

                 (To record the Warranty Expenses)    

July, 24       Estimated Warranty Payable             $32

2017             Repairs Parts Inventory                                       $32

             (To record the material taken from Inventory)

6 0
3 years ago
Suppose Troutsville (population of 4) wants to put on a firework display. Leslie would get $40 worth of benefit, Mark would get
nasty-shy [4]
I think that the answer is A but i have no clue i’m so sorry :(
3 0
3 years ago
Why does human want change over a period of time ?​
Mrac [35]

Every human has a desire for better standards of living. For this, they need to change with their desires and wants for the better in terms of food, clothing, and living
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