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GrogVix [38]
3 years ago
7

Design Services is organized as a limited partnership, with Miko Toori as one of its partners. Miko's capital account began the

year with a balance of $35,000. During the year, Miko's share of the partnership income was $7,500, and Miko received $4,000 in distributions from the partnership. What is Miko's partner return on equity
Business
1 answer:
sammy [17]3 years ago
7 0

Answer: 20.4%

Explanation:

The following information can be gotten from the question:

Beginning equity = $35,000

Ending equity = $35,000 + $7,500 - $4,000 = $38,500

Average equity = ($35,000 + $38,500)/2

= $73,500/2

= $36,750

Miko's partner return on equity will now be:

= $7,500/$36,750

= 0.2041

= 20.4%

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A business entity operated and taxed like a partnership, but with limited liability for the owners, is called a:
Masteriza [31]

Answer: A. limited liability company.

Explanation:

A Limited Liability Company (LLC) is a type of company that is operated and taxed like a partnership for instance, profits that flow to the partners are taxed on the partner's income but not on the firm to prevent double taxation. This is called Flow-Through Taxation.

They operate with limited Liability for the owners because the owners are only personally liable for the debts and liabilities the company has up until the capital they invested. Anything past this and they cannot be held liable.

8 0
3 years ago
Although a business has had record sales it is having a hard time paying the bills each month. As a manager you are uncertain wh
Svetradugi [14.3K]

Answer:

Income statements and or Cash flow statements.

Explanation:

Income statement and Cash flow statements are required.

Income Statement will give us insight about our costs as we maybe recording sales but if the costs and expenses are too high we are unlikely to be making enough gross profits to be able to pay bills.

Cash flow statements are required as sales may be credit and thus reducing working capital for the company, although they may be making profits but if the debts are uncollected they are unlikely to have cash available to be able to make payments.

Hope that helps.

3 0
3 years ago
A car rental agency rents 200 cars per day at a rate of 29 dollars per day. For each 1 dollar increase in the daily rate, 5 fewe
Irina-Kira [14]

Answer and Explanation:

Given:

Total car = 200

Rate = $29

Computation:

Total increase in rate = a

So , Total decrees in car = 5a

Total income (y) = [200-5a][29+a]

y = 5,800 + 200a - 145a - 5a²

y = 5,800 + 55a - 5a²

y' = dy / da [5,800 + 55a - 5a²]

y' = -10a + 55

in which , y' = 0

0 = -10a + 55

a = 5.5

So , Maximum rate = $ [29+5.5]

Maximum rate = $34.5

maximum income = 5,800 + 55(5.5)- 5(5.5)²

maximum income = 5,800 + 302.5 - 151.25

maximum income = $5951.25

3 0
3 years ago
What is the typical relationship between time and interest rate? a. Longer time period usually equals higher interest rates. b.
murzikaleks [220]
The answer is a, the more you wait to get you money back the more you charge in interest, you have to be paid to wait.
3 0
3 years ago
Assume that there is an improvement in the technology used by firms in a perfectly competitive industry that is initially in lon
Ratling [72]

Answer:

B) An increase in the firm's economic profit.

Explanation:

An increment in the firm's economic gain. Primarily an economic gain or loss exists the contrast betwixt the taxation received from the sale of an output furthermore some expenses of total inputs managed moreover unspecified contingency expenses. In determining financial gain, contingency expenses and specific expenses stay subtracted from taxation received. Because cost equates minimal taxation, an unprecedented acceleration in a specific rate indicates marginal taxation increases. Essentially a conclusion, all firm actuates up its marginal price curve moreover enhances the amount it generates. If a specific firm had continued gaining zero economic gain before significant increment in demand, subsequent these raises the firm acquires an economic profit.

3 0
3 years ago
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